2Yr·

My focus is on financial independence! 💰💼

Short-term goal:

Generate €12,000 in dividend income annually, which means each month. 1.000 € every month.

Long-term goal:

The goal is to receive €120,000 annually in dividend income, which is monthly 10.000 € equivalent.

#motivation
#dividend
#finanziellefreiheit

19 Comments

Souli@Souli1984

2Yr

I like your modesty. I also think small 😁

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Epi@Epi

2Yr

I wonder if having such a goal makes you financially independent or if you make yourself a slave to your financial goals? If you earn so much that this goal is realistic, you may also have more important things to do than pursue this goal.

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TreasureHunter@TreasureHunter

2Yr

@Epi also pensioner strategy

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Golden Boy@randomdude

2Yr

With an average payout of 3%, you need assets of 4 million euros - is that your long-term goal or do you calculate differently?

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Yassin@RisingAktie

2Yr

@randomdude actually even more, since he would still have to pay capital gains tax on (almost) all of these dividends. Would have to pay. Roughly speaking, with a 3% dividend, he would need 5.4 to 5.5 million in deposit value. This will probably not be achieved by a normal earner, even if he had started investing at the age of 18.

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Yassin@RisingAktie

2Yr

At least he could realistically achieve his "short-term" goal in one to two decades, depending on how high his portfolio is at the moment.

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Cashflow I.@Cashflow_Investor

2Yr

How unrealistic does that sound

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DonaldTruck@DonaldTruck

2Yr

Well, there's nothing wrong with setting goals, but what's interesting is not so much what some people dream of, but rather what they've achieved so far. "Do what we want, only harder! ☝🏻"

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MCS_1983@MCS_1983

2Yr

I would also like to have such objectives 🙀

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Kevin E.@KevinE

2Yr

@MCS_1983 no one is preventing you from setting goals 🤷‍♂️😀

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MCS_1983@MCS_1983

2Yr

@KevinC Have there unfortunately too strong a penchant for reality 😂

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Kevin E.@KevinE

2Yr

@MCS_1983 how boring 😃😉

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Robert@Zony

2Yr

@MCS_1983 The annual target setting as of December 31 is already a problem for us 🤣😜

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TomTurboInvest@TomTurboInvest

2Yr

Whether that is realistic or just a dream, only you will know. As long as the goal motivates you and does not frustrate you, it's ok anyway! As already written, it would be interesting to see where you stand now. Since your first goal is still 1000€ per month, you seem to be a bit away from it, ie your deposit is not yet in the middle 6-digit range. Ie but now step on the gas 🫵🏻😉 For me, it would be absolutely unrealistic from today's perspective, because then I would need a fortune of about 20million € ... Because, when it comes to several million, I would not put more than 25-30% in my shares / ETF portfolio. Then there are also other investments😂...

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DerMartin@DerMartin

2Yr

Sounds wild. But doable with a fat salary and a solid 7-digit base. And you shouldn't be particularly old yet...

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Investor@Investorentagebuch

2Yr

Gross or net? So since you are still before the short-term goal, it is definitely still a long way.... I keep my fingers crossed!

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NEWT@SteelAnacott

2Yr

Whether that is realistic or not remains to be seen. After deducting capital gains tax, we are still roughly at €7,500 per month. What do you need that much for? I can think of many things for which you could spend it, but do you need it?

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Ilario Cagnazzo@IlarioS30

2Yr

Great! 😅 My mid-term is your short-term goal! But probably I dont take never your long-term! 😅
Now I take 6k euros annually from dividend... I want take 12k until 5 years 💪😉

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Toni M.@INOT

2Yr

So your goals I find super but congratulations to the capital gains tax solidarity surcharge possibly even church tax Can sing a song about it 😂😂😂😂

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