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> Rule 1: Your career provides your wealth > Build your wealth upon your career.You most likely will make far more money from your business or profession than
by pjfin123 3y ago
> Rule 1: Your career provides your wealth
> Build your wealth upon your career.You most likely will make far more money from your business or profession than from your investments. Only very rarely does someone make a large fortune from investments.
This is good advice. If you're getting 2% dividend payments from stocks you need 5 million dollars to make 100k $/yr.
- robbintt 3y agoThe general thinking about this is to use a "safe withdrawal rate" of 3% to 4% of assets per year. Dividends are out of fashion since they don't offer tax deferral, they also aren't really easy to properly diversify although dividend funds are offered.