We sold a rental property in Austin, Texas and bought $300,000 in dividend stocks and ETFs with M1 Finance. The goal of this is to live off of the passive income from our dividend portfolio in early retirement. We are working towards reaching Financial Independence, Retire Early (FIRE) by living 100% off our dividend growth portfolio.
In the video I mentioned that QYLD was taxed as ROC. After reviewing the full year Distributions – Year End Tax Supplement, QYLD was taxed primarily as ordinary income in 2021. The tax treatment can change each year depending on volatility.
How we invested in real estate to F.I.R.E. faster:
▸ Try M1 Finance:
▸ How to transfer to M1:
▸ Personal capital (by using my link we both get $20):
▸ Seeking Alpha Premium (get 50% off):
My dividend growth portfolio:
I’m not a financial advisor and the content discussed today is merely my opinion and intended only for your entertainment. The content expressed in this video should not be considered as professional financial advice. Some of the links above are affiliate links and come at no cost to you.
#DividendGrowthInvesting
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All of the gains from the sale of our home are tax free! That is pretty hard to beat and your average person can do this!
Try M1 Finance: https://m1finance.8bxp97.net/kKAbV
Personal capital (by using my link we both get $20): https://pcap.rocks/jake7094
instead of QYLD i would prefer ETV/ETY/ETO. Instead of SCHD i would choose USA… But – nice Portfolio and realy good information.
ETFs 4 the win 🔺🔺🔺
How is it tax free? Thought you said it was a rental property. You’d have to stop renting, then live there for two years before you erase the cap gains obligation. Can’t claim the two years you lived there 8 years ago.
Dividends are what got me into investing in stocks. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. I bought a lot of Intel before, I'm buying more now, and I will buy more when it drops further.
4 rentals = 72k/yr
❤️ Hermosa eleccion 4.FO/Elizeid de mejor
1 (elecciones ) 9.9/10 2 ( culturales ) 9.7/10
Son unos de los mejores conciertos
, no-puede-ir-pero-de-tan-solo verlos
desde pantalla,, se que estuvo
Sorprendente .
Here I am on a Friday, wanting it to be Sunday evening just because I'm looking forward to your next video. Have a great weekend man.
Congratulations Jack on getting closer to your FIRE dream.
F.I.R.E TEAM VOYAGER out..
I am slowly making my way through all of your videos, there is a lot to take in. Have you ever read a book called The Ponzi Factor or seen any of Tan Liu's videos, and if so what was your take? Did it influence your investing strategy?
This YouTube video made at least $200 congratz! Another income stream
Congratulations!!
Mrs Jane Marie is the bitcoin trader legit and her method of works like magic I keep on earning every single week with her new strategy
I invested $1000 in M1 a year ago and now I have $1018 😂
i have been making losses trying to make profit trading. I thought trading demo account is just like trading the real market… can anyone help me out or at least advise me on what to do?
My biggest holding is LEG and Zim
Just curious, part of F.I.R.E. is reducing your annual cost of living. Your $720k cash flow portfolio with about 5% dividend is about 36k a year (ignoring tax stuff). Assuming you aren't planning on selling any of your stocks, what other "passive" income are your holding (more real estate?) and how low have you gotten your annual expenses? What have you done to lower annual expenses?
Hi, I'm Leo from China. We are happy to promote your videos to Chinese audience via Chinese social media by translating and adding Chinese subtitles to the original videos. May I get your permission so we would be able to work on it? Thank you very much!
M1 finance account cannot be opened by people outside US 🙁
omg your meme about Will Smith and Chris Rock is hilarious. BTW Congrats on your purchases.
In my opinion, real estate is an exceptional asset and has both pros and cons as do dividend stocks. The biggest benefit to dividend stocks or even just REITs for that matter is minimal upkeep or need to be glued to them as long as they are quality long term investments..
Despite the economic downturn, I’m so happy ☺️. I have been earning $ 30,000 returns from my $8,000 investment very 14days
“Wealth should be created by investing to create more wealth. Income is the fruit of wealth. If you do not do that, you will not have more income.”
Should have kept the house.
Bet you get wiped our of m willing to stake 300k on it lol
Hey Jake, it's been a while. I hope you are doing well. Congrats on the investment decision. I finally pulled the triggered and started a regular taxable account as of January 2022. I decided to somewhat extend my Roth IRA into a taxable. In my Roth I have IJR, SPYD, and FDEWX. In my taxable account, instead of SPYD I will be adding HDV. And instead of IJR and FDEWX I will be adding ITOT. I really didn't see much difference between ITOT and VTI.
We had an epic trip to Portugal in Feb 2022, hit me up if you need any ideas or tips for your visit!
Nice video. Am doing the same.