Apr 062014

Dividend growthOne of my favourite things about March 2014 is… the fact  that it is over! Ok, that’s not entirely true! My favourite part of March 2014 was getting paid money for doing absolutely nothing. There’s no pyramid scheme or crappy products I have to buy and re-sell. I don’t have to bug my friends to join stupid clubs or invite them to silly parties where I force them to take pity on me and they feel compelled to buy the cheapest thing in the catalog.

Remember everyone, friends don’t make friends buy crap!

I don’t have to place tiny classified ads or sell money making kits to friends. I don’t buy condemned houses, throw on a coat of paint and cross my fingers hoping that the place doesn’t come crashing down until after some sucker purchases it. I don’t step on people in order to make my way to the top, nor do I cheat or lie anyone out of anything. I’d say the only people who are negatively impacted by me are the people who sell managed funds and investments.

 Hooray For Dividends!

Instead of wasting my money on tech gadgets or impressing friends with my clothes and the vehicle that I drive, I buy common shares in quality companies that pay dividends to the share holders. These dividends get deposited to my trading account automatically and I don’t even have to think about it. I make money while I choose which jam to put on my toast in the morning or when I filling my car with gas. I even make money while Continue reading »

Apr 012014

brokeI was directed to a magazine article recently by a family member in a which a woman wrote in asking if they had enough to retire in a year at age 60. I don’t want to include too much information because I don’t want to get sued, but the couple still owed over $250,000 on their house and had $320,000 in RRSPs. They figured they would need an income of $5,000 per month to live on and seemed to be relying heavily on CPP and OAS, although OAS wouldn’t kick in until they were 67 now. Whoever wrote the article was incredibly patient and nice but according to her calculations, she said the couple would run out of RRSP money by age 70 with the amount they claimed they needed every month.

I had to put the magazine down and shake my head a few times in disbelief as I was reading it. I hope it was a wake-up call to whoever wrote in since they are so out to lunch with their retirement plan. It doesn’t take a financial genius to figure out that Continue reading »

Mar 122014


Owning a home is undoubtedly the biggest investment that the average person will ever make in their lifetime. I remember the first time I went to the bank to see how much of a mortgage I was approved for; not exactly my finest financial moment ever. I didn’t have much for savings and the amount they showed me was enough to buy a shoe box in the scariest neighborhood in Edmonton. Needless to say I had to no choice but to step back, clear my expectations and start over from the drawing board. As I walked out of the bank with my tail between my legs in defeat, I vowed right then and there that home ownership was to become my highest priority.

Everything starts with a Thought

Looking back at that day it seemed silly to dedicate my life to owning a home but really Continue reading »

Mar 062014

Dividends2I can’t believe it’s March; has it been FIVE months of winter already?! Here’s hoping for an early Spring this year. Well if I can’t look forward to warmer weather, at least I can look forward to another dividend income update. Before I get into the meat and potatoes of this post, I just wanted to clarify something with my readers.

“..I’m Sorry Dave, I’m Afraid I Can’t Do That..”

I love receiving mail from people who have questions about getting into dividend investing. I can guide you in the right direction to open a brokerage account and questions you might have about investing in dividend stocks. When people write and ask which stocks to buy, that’s where I can’t help you. I am not a financial planner or someone who works in the Investment world, I’m merely a tradesman that took an interest in learning how to invest on my own. I’m not qualified to answer questions about taxes Continue reading »