As a personal finance blogger, I spend a lot of time reading about finance. It can be books or other posts from fellow bloggers.
This week I had decided to read again (I stopped counting the number of times I read this book) Lowell Miller’s great book about dividend Growth Investing. It is seriously the best book out there to read on the subject. You can find it here at amazon. If you buy it using this link I’ll be paid a small 4% commission (full disclosure).
Miller covers the reasons why dividend growth investing is such a robust strategy and how to beat inflation (not the market!). Dividend growth investing is not a get rich quick scheme and it’s not a “beat the market strategy”. It’s a get rich slowly but surely one. It’s a strategy that focuses on income generating assets because “one bird in the hand is better than two birds in the bush”! He shows you how to build yourself a perfectly running, well-oiled, cash-flow machine. In that you book, you’ll learn not only a great 12 steps method but also how to analyze different types of stocks like utilities and REITs.
Definitely worth the investment!
Over the last days, I also came across a lot of personal finance blogs and posts when I wrote my resource post about guest blogging.
Here are a few I wanted to share :
DivGro recently wrote a post on SeekingAlpha.com (congratulation for doing that by the way) and this increased his traffic by a lot. It shows the power of guest posting on other great blogs or websites to get known. He now receives 500 visitors per day on average! Get there to see his recent progresses. His blog focus is on dividend growth investing and he has built himself a nice dividend growth cashflow machine yielding him almost 400$ per month!!! Wow!
Jessica has a great blog about personal finance and explores here the spending bans that people try to impose themselves. I tried to do that a couple of times in my financial life with… well… relative unsuccess 😉 and found that for me, it was preferable to pay me first if I wanted to be able to save a lot! Dividend growth investing actually helped me a lot because I realized that to get 35$ of annual income from the money you put at work, you needed a 1000$!!! Crazy! So every time I spend 35$ I now feel bad if it was to buy a stupid thing! It makes you think twice before spending on useless stuff!
DivHut always have a way to make us discover dividend growth stocks we wouldn’t have thought of. In this post, he explores pollution control systems companies. He brought back a stock to my mind : Donaldson (DCI) a narrow moat stock (based on Morningstar) with an impressive dividend growth history of 29 consecutive years. I’ll have to make a more in-depth analysis of that one but it might be added to my watch list since I need to add some double digits dividend grower to my portfolio.
You know what I like about this community of like-minded dividend growth investors? We all have passions! I didn’t talk to anyone in this community who wasn’t passionate about something. These people don’t want to get rich to get powerful and control people or the world. They don’t want to be financially free to brag in their neighbourhood about it. They want to get financially free because they value their time on the planet and they think that there is better stuff to do than just work, doing the same repetitive tasks day after day over and over again like a zombie.
DividendDeveloper is new in this community and this week, he shared with us one of his intriguing passions, carnivorous plants! He even feeds them with beta fish food! Yep!
Definitely worth the read!
Jessica, DividendDeveloper and Divhut all have the CommentLuv WordPress plugin on their blog and I thank them for that. I also have it installed because I really love that plugin. Internet is all about sharing and helping others and this plugin allows people who comment to share one of their recent posts which is great.
Have a great week-end and happy thanksgiving to my fellow Canadians!
Image courtesy of Serge Bertasius Photography/ FreeDigitalPhotos.net