Dividend Digger

Compound interest is the eighth wonder of the world. He who understands it, earns it . He who doesn't, pays it.

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Settling In, Dividend Income, Net Worth and Future out look

It’s been a good little break I had since I’ve been out of a computer for the last 5 months. And well now that I finally have one again, I thought it would be appropriate to give you all an update on my dividend income, net worth, as well as any thoughts on what’s to come ahead in my journey of building up dividend income so I can one day quit the rat race.

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June 2016 Dividends

So I’m about 2 months into moving into my own home, and almost 3 month since I have had enough extra money to put into my freedom fund, and it is really cool to see how passive my portfolio is. Despite market volatility, it feels comforting to know that the growth of my dividends will remain constant for as long as I keep reinvesting them. It does kind of bum me out that I may have lost a small opportunity to take advantage of bearish markets but no sense in kicking myself too hard, it doesn’t bother me as much as it used to and I think that’s because amidst not being able to purchase discounted blue chip stocks, I ended up buying a house with help from my parents, and now I am a home owner with no mortgage (just a debt to my parents which I hope to pay off ASAP). But really though I probably do not give it enough credit but with my strategy to utilize a DRIP I did get a small piece of the market action these past couple months so I can still celebrate that small victory as well. :P

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May 2016 Dividends

Greeting friends! Hope you are all doing great and maximizing those most fun out of summer. Here in Canada, especially in Alberta our summers are relatively short lived much like our spring and fall so you know I’m going to be doing everything I can to make the most of these 3 short months. This past weekend I made a trip out to some waterfalls in the Northwest Territories with my lovely girlfriend to celebrate our one year anniversary together. It was a great time and as well my first camping trip of 2016. I know when I reach financial independence camping will be something that will be done much more frequently and hopefully all over the world one day. Cool thing about camping is if you pack light but smart, you won’t break the bank, learn some survival skills, and you will make some amazing memories. But I am not quite at the level of FI yet so for now I’ll just have to keep dreaming about traveling and leaving the rat race for good.

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March 2016 Dividends and Recent Buy

Hey everyone, hope you guys and girls had a great Easter Holiday. I know I did, my girlfriend Kaitlin introduced me to Easter egg painting and it was so much fun. Who knew spending less than 10 dollars at the variety store would result in so much fun, and tasty goodness. March was yet again another successful month of passive income, but really though, as a dividend investor isn’t every month successful when you know you have that steady stream of free capital coming your way?

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February Dividends 2016 and Recent buy

I have been investing in Dividend Growth Stocks for over 2 years now and one thing that has not changed since I received my first distribution is the excitement I get whenever I count my dividends at the end of each month. When I count my dividends every month I am always pretty thrilled to see how my automated money machine performs.

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RRSP Awareness: Myths and Tips

As we get further into 2016, we hear more and more things like tax returns, T4s, and last but not least the RRSP. Many of us know that it is good practice to put money into an RRSP, but do many of us know why it is good practice to put money into an RRSP, let alone how one even works?  Today I would like to break down some common RRSP myths and give you some tips to help give you confidence next time you consider opening one for yourself.

 

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December 2015 Asset Assessment and Dividends

I hope everyone had a fantastic Christmas Holiday, I know that I am still recovering from all the hyper indulging that I have done these past several days. Looking back it is pretty crazy how fast time has passed. Almost a year has gone by since I cracked the $100K milestone in my net worth and it does not seem as though a full year has elapsed since that point. Needless to say, I am still just as motivated and hungry to reach my goals of early financial independence today as I was a year ago. Only difference between this year and last year is I am entering 2016 with a weak Canadian Dollar, and more bearish market than in 2015.

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October 2015 Asset Assessment, September 2015 Dividends and Recent Buy

I hope everyone is having a fantastic Thanksgiving weekend. I would like to start this entry off with one of my favorite quotes about being thankful,

 

“Develop an attitude of gratitude, and give thanks for everything that happens to you, knowing that every step forward is a step toward achieving something bigger and better than your current situation.”

-Brian Tracy

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