When people discuss “the number”, i.e. the number they need to easily retire and continue their lifestyle they usually miss the entire point. The reason you are wondering what the number is, is because you are looking for the bare minimum you need in order to purchase your freedom from the slavemasters of corporate America. If you want to live in Manhattan and have a house in the Hamptons then you aren’t really looking for the Number. You’re still willing to be enslaved in order to achieve small incremental advantages over the overwhelming benefit of personal freedom.
Also worthwhile, find stocks that might not be yielding 10% now but have a history of raising their dividends so that eventually you could possibly get much higher than a 10% yield on your initial investment. Eli Lilly (LLY) is one that comes to mind since LLY, with a 5.2% dividend currently, has a history of increasing their dividends every year since 1967. McDonald's (MCD), which just raised their dividend to 3.25% but has raised their dividend every year for 29 years and still has all of China to look forward to getting addicted to their fries.
Source: Seeking Alpha
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