Ep 26 - How To Retire With A Dividend Stock Portfolio

<p>In this episode, we talk about how you can retire only using a dividend portfolio! We dive into the details of using DRIP as a impressive and unique investment tool to help expedite your retirement plans! We talk about how you can use this tool to exponentially grow your portfolio! </p> <p> </p> <p>Help support us by joining our Patreon! (<a href='https://www.patreon.com/BrokeMillennialFinance'>https://www.patreon.com/BrokeMillennialFinance</a>)</p> <p>Check out our website for more content: (<a href='https://brokemillennialfinance.net'>https://brokemillennialfinance.net</a>) </p> <p>Subscribe To Our YouTube Channel: (<a href='https://www.youtube.com/c/brokemillennialfinance'>https://www.youtube.com/c/brokemillennialfinance</a>)</p> <p>Here are the referral links for you to join to get your free stocks:</p> <p>Robinhood: (<a href='https://join.robinhood.com/naveras-a23246'>https://join.robinhood.com/naveras-a23246</a>)</p> <p>Webull: (<a href='https://act.webull.com/i/QNmo8WB8Yzc2/74x/'>https://act.webull.com/i/QNmo8WB8Yzc2/ufl/</a>)</p> <p>Coinbase: (<a href='http://coinbase.com/join/khan_st?src=ios-link'>http://coinbase.com/join/khan_st?src=ios-link)</a></p> <p> </p> <p>Show Notes:</p> <ul><li style="font-weight:400;">What is dividend  <ul><li style="font-weight:400;">A dividend is the distribution of some of a company's earnings to a class of its shareholders</li> </ul> </li> <li style="font-weight:400;">Should you use this method to retire?</li> <li style="font-weight:400;">Pros <ul><li style="font-weight:400;">You Can use DRIP (Dividend Reinvestment) <ul><li style="font-weight:400;">Using DRIP, These can buy stocks at “fractional shares”</li> <li style="font-weight:400;">Most companies let you repurchase 3-5% cheaper than the stock value if you DRIP.</li> <li style="font-weight:400;">These are commission free (but most companies do not charge commissions anymore)</li> <li style="font-weight:400;">Lets you dollar cost average (one of the best ways to build wealth)</li> </ul> </li> <li st