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Kevin Street
The Plain Bagel
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Comments by "Kevin Street" (@Kevin_Street) on "Investing Won't Make You Rich (Probably)" video.
To me, it seems like dividend investing takes a lot of willpower. You have to be able to take those checks and reinvest them for years and years and not use them to get something you need or want today. That's not a criticism, it just seems like it takes a very disciplined person to really succeed that way.
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This is a very good video! Thanks for making it, and please rant away whenever you want to. Actually I always thought that the goal of investing for most people is to have enough money for retirement. Like you said, saving as much income as possible is the foundation of any kind of future prosperity, but with interest rates so low and bank fees so high just putting money away isn't enough. You have to invest those savings intelligently so you can have as high a net worth as possible when you turn 65. That might not make you "rich," but if you have no financial worries after you stop working - and have enough money to make old dreams come true like home renovations and fancy vacations, that seems close enough.
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