Everyone dreams of financial freedom and a financially secure retirement. Sadly, few people achieve that dream. Even people who retire with millions of dollars are concerned they will outlive their savings. They're right to be concerned. Traditional financial wisdom says if you only spend a little of your portfolio each year, usually around 4%, you probably won't outlive your portfolio. The problem is, "probably" isn't good enough. No one knows how long they're going to live, what their financial needs are going to be or what's going to happen to their investments in the future.
After retirement your financial needs are going to increase, mainly due to increased medical costs and inflation. History has taught us financial markets are anything but stable. If you're forced to sell assets to raise money to live, in a bear market or stock market crash you're going to be forced to liquidate more than 4% of your portfolio, and probably much more. With this strategy, no matter how much you've saved, there's always the disturbing possibility you could outlive your savings. The solution to this problem is to create a reliable income stream by investing in solid income-producing dividend stocks.
It is said that Albert Einstein, when asked to name the greatest invention in human history, simply replied "compound interest". At Fly High Investing we believe Albert Einstein was right. Like compound interest, compounding dividends takes advantage of the snowball effect that happens when your dividends generate even more dividends. The day you start putting the power of compounding dividends to work is the day you begin your journey to financial freedom and retirement security. The only question that remains is when you will reach your goals. Even if you have just a little money to invest, through the power of compounding dividends, you will achieve financial security.
Read more about the benefits of income investing under the INCOME INVESTING ADVANTAGES tab. Under the REASONS TO SUBSCRIBE tab we explain why we believe our portfolio of 50 reliable, high-yield stocks is the best path to reaching your goals of financial freedom and retirement security.
Chinese philosopher Lao Tzu is famously quoted as saying “The journey of a thousand miles begins with one step.”
Take the first step today and begin your journey to financial freedom.