In part 1 of this episode I interview Dividend John, the author of the book Too Rich to Be Stressed. We talk about how he went from $0 annual dividend income to now making over $68,000 a year in dividends. Also covered in this episode:
- how John saved $30,000 at such a young age
- how John lost $25,000 investing with an advisor
- how investing in a pork farm didn't turn out so well for John
- how not to get caught up in the "next big thing"
- how John got started with dividend investing
- John's story of meeting his investing mentor
- how John went from $0 annual dividend income to $68,000 annually
- the 3 telecom "virtual monopolies" in Canada
- what the largest Canadian banks did to their dividends in 2008-2009
- what happened to Kanwal's investment in Washington Mutual
- staying away from high yielding dividend stocks
- what happens to your dividend yield when the company increases it's dividend
- Canadian dividends are taxed extremely low even outside your RRSP and TFSA
Dividend John on Twitter: @johnyboy1853
Dividend John's Book: https://www.amazon.com/dp/B0BMZF17NK
Learn more at: https://www.simplyinvesting.com/
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Simply Investing Incorporated nor the author and guests shall be liable for any loss of profit or any commercial damages, including but not limited to incidental, special, consequential, or other damages. Investors should confirm any data before making stock buy/sell decisions. Our staff and editor may hold at any given time securities mentioned in this video/course/report/presentation/platform. The final decision to buy or sell any stock is yours; please do your own due diligence. Stock buy or sell decisions are based on many factors including your own risk tolerance. When in doubt please consult a professional advisor. No advice on the buying and selling of specific securities is provided. For our full legal disclaimer, please visit our website.
In part 1 of this episode I interview Dividend John, the author of the book Too Rich to Be Stressed. We talk about how he went from $0 annual dividend income to now making over $68,000 a year in dividends. Also covered in this episode:
- how John saved $30,000 at such a young age
- how John lost $25,000 investing with an advisor
- how investing in a pork farm didn't turn out so well for John
- how not to get caught up in the "next big thing"
- how John got started with dividend investing
- John's story of meeting his investing mentor
- how John went from $0 annual dividend income to $68,000 annually
- the 3 telecom "virtual monopolies" in Canada
- what the largest Canadian banks did to their dividends in 2008-2009
- what happened to Kanwal's investment in Washington Mutual
- staying away from high yielding dividend stocks
- what happens to your dividend yield when the company increases it's dividend
- Canadian dividends are taxed extremely low even outside your RRSP and TFSA
Dividend John on Twitter: @johnyboy1853
Dividend John's Book: https://www.amazon.com/dp/B0BMZF17NK
Learn more at: https://www.simplyinvesting.com/
Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Simply Investing Incorporated nor the author and guests shall be liable for any loss of profit or any commercial damages, including but not limited to incidental, special, consequential, or other damages. Investors should confirm any data before making stock buy/sell decisions. Our staff and editor may hold at any given time securities mentioned in this video/course/report/presentation/platform. The final decision to buy or sell any stock is yours; please do your own due diligence. Stock buy or sell decisions are based on many factors including your own risk tolerance. When in doubt please consult a professional advisor. No advice on the buying and selling of specific securities is provided. For our full legal disclaimer, please visit our website.