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
