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Want to know the absolute shortest path to financial freedom? Like the idea of living off of passive dividend income ASAP? Would you like to see how it's possible to live off of just $10,000 in annual dividend income?
Financial freedom is amazing. And as someone who's been enjoying financial freedom for more than five years, I've gotta say that it's worth whatever "sacrifices" it takes to have it. I actually went from below broke at age 27 to financially free at 33.
And that was after growing up on welfare in Detroit, not having a college degree, and never having a high-paying job.
By the way, I explain exactly how I achieved financial freedom in just six years in my Early Retirement Blueprint. If you’re interested, you can download a free copy of my Early Retirement Blueprint using the link in the description of this video.
So I know a lot about getting to the finish line very quickly. Now, I'm not promising you a life of luxury here. But if you can't stand the typical 9-5-till-65 thing and want financial freedom ASAP, I can tell you all about a way to make that happen.
In fact, I believe it's possible to live off of just $10,000/year in passive dividend income. That is not a high threshold to meet, nor something that would take decades to achieve.
Today, I want to tell you about the fastest way to achieve financial freedom and how to live off of just $10,000/year in dividend income. Ready? Let's dig in.
This video will not be discussing how to build up the $10,000/year in dividend income. I've already done a lot of videos on that. And you can also check out what I'm doing over at Patreon. Instead, I'm talking about what to do after that kind of annual income threshold is met so that you can kiss the day job goodbye.
There's a secret I'm going to let you in on today. And it could change your life, as it did mine.
It's a phrase. A passcode. A secret passcode that can open up all kinds of possibilities. But you have to be open-minded to it. If you want to stay in the Matrix and 9-5 it for most of your life, there's nothing wrong with that. As I always say, to each their own. But this concept - the passcode I'm about to share with you - is not that at all.
The secret passcode is: geographic arbitrage.
Yep. Geographic arbitrage. Arbitrage is taking advantage of a price difference between two or more markets. This is doing it in a geographic manner. What I'm talking about here is, taking your $10,000 per year in dividend dollars and spending them in another country where those dollars go much, much, much further. In fact, when you live in another country and withdraw money from a local ATM, it won't be dollars that are coming out. And that's exactly the point.
So how much further can your dollars go in another market? Much further than you might think.
I moved to Thailand in 2017. I've been living here ever since. I moved here specifically for geographic arbitrage purposes. And what I've found, after living here for four years now, is that my local purchasing power has been tripled.
That's right. My money goes three times further here than in the States.
That's on an apples-to-apples basis. If you take my exact lifestyle here and replicate it in the States, it'll cost you three times what I spend. What that also means is that my dividend dollars are amplified by a factor of three over here. Imagine instantly tripling the value of your portfolio and the income it produces. Wouldn't that be awesome? Getting to the crux of the topic, that could turn $10,000 in annual dividend income into $30,000 in annual dividend income in US purchasing power terms. Now we're working with some money, right?
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#LiveOffDividends #RetireEarly #PassiveIncome
LEGAL DISCLAIMER: Please consult with a licensed investment professional before investing any of your money. Never invest in a security or idea featured on this channel unless you can afford to lose your entire investment. If your money is not FDIC insured, it may decline in value. Jason is not a licensed financial advisor, tax professional, or stockbroker and he does not purport to be. The links above may include affiliate commissions paid to the owners of Dividends and Income and help support this channel.
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