JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Financial Independence: Attainable, Maintainable
Author(s): Harvey Rubin, Carlos Spaht
Citation: Harvey Rubin, Carlos Spaht, (2010) "Financial Independence: Attainable, Maintainable," Journal of Applied Business and Economics, Vol. 11, Iss. 3, pp. 11 - 18
Article Type: Research paper
Publisher: North American Business Press
This paper describes how to achieve financial independence both during one’s career and during the retirement years by using the DRIP (Dividend Reinvestment Plan) to purchase stocks of quality companies that pay increasing dividends. The formula derived in this paper uses historical data over the 10 year period from 1998 – 2007 to compute returns.