In part 1 of this episode I interview Bob Lai, the founder of Tawcan.com. We discuss dividend investing in today’s economic climate. Also covered in this episode:
– When and why, Bob started dividend investing
– How did Bob build a portfolio which generates $3.6K a month in dividends, while living in Vancouver with a single income family and 2 kids
– The importance of re-investing dividends
– Is Bob still on track to gain financial independence by 2025?
– The key is to spend less than you earn
– There’s a limit to how much you can cut your expenses but no limit to how much you can earn
– Does dividend income give you freedom?
– You don’t have to be super rich to invest like this
– Reader B, a fellow Canadian is now earning $30k/month ($360,000/yr) in dividends
– Did Reader B invest millions of dollars to build this type of portfolio?
– Outside of your TFSA/RRSP/401K/IRA how much can you earn in eligible dividends and not incur any income tax?
– Bob, how do you select dividend stocks?
