LogFAQs > #972800623

Tyranthraxus posted...

Anony1125 posted...
I don't think I understand dividends. Why do you want more taxable events? I wish I could lower my dividends.

The goal is to make enough off dividends that you can quit your job.

Yeah, my long term goal is to get at least somewhere near matching my active income with passive income. Then I can make a decision on whether I want to keep working and keep making ~double the money or just retire and do what I want. I'm kinda frustrated in this regard because I'd be a lot closer to said goal right now if I hadn't made a bunch of bad financial decisions at 18 - 19. It would also have helped if I hadn't got my dream car and solar, but... I wanted to go for something nice, and then I'm not dealing with the Texas power grid failing and having to go days without power again.
littlebro07 posted...

tell me your secrets

Not really much of a secret... Just gotta put a lot of money in monthly dividend stocks. One hand, I'd like to invest more in growth stocks so that my money grows over time, but on the other hand, I like the idea of passive income that slowly snowballs with reinvesting and putting more in on top of that.