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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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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Cumulative Progress Report

For the last 3 years I’ve been living in an isolated part of northern Alberta working as hard as I can putting in well over my 40 hours a week working health care in 2 different Hospital and 1 Ambulatory care facility. I’ve Been in the north since I was 22 years old and coming here my biggest focus was get out of debt, other than that I really had no idea what I was going to do after that. Well it really didn’t take me as long as I thought it would to clear my debt but lo and behold your time is well compensated for working and living in isolated places if you have a skill.

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January 2016 Dividends

One of the best ways I like to start any month is by counting all the dividends earned that you didn’t have to work for. I can’t stress enough how great DGI is for my life. Throughout all this down economy, weak dollar, and bearish markets we have been experiencing in Canada I haven’t lost a minute of sleeping worrying about my investments.

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The Next Phase, Recent Buy, & Asset Assessment January 2016

Hey everyone, I hope the New Year has been treating you well. I know we are only about a month into it but oh my do I ever feel as though the priorities of my life changed so much. I will always make Financial Independence one of my main focuses, but I’ve been thinking about this for a while now and I have decided to make real estate and home ownership another big priority.

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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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Recent Buy

With the cost of oil being so low and our Canadian dollar so stagnant, it’s pretty evident that Canada is feeling the pains of a suffering economy. My portfolio being mainly consisted of companies from the TSX is also taking a hit. Its times like these I can see why many people are cashing out and taking their money back even at a loss due to their fears that the future will be looking worse before it gets any better.  Whether that may or may not be the case, I choose to stay stoic throughout all the fluctuations with our weak dollar, weak oil and changing policies with our new government. Even wanting to keep putting money into a declining market is hard to stomach as well, but I believe that is the attitude one must have if they want to fully reap the benefits of investing, especially while you are young and have time on your side. With all that being said, I definitely couldn’t pass up some opportunities to add more companies to my income producing funds.

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Asset Assessment and Dividends for November 2015

For this entry I would like to share with you a quote that I to this day still look back on and use to remind myself to keep focus of whats truly important in life.

“You will find no one willing to share out his money; but to how many does each of us divide up his life! People are frugal in guarding their personal property; but as soon as it comes to squandering time they are most wasteful of the one thing in which it is right to be stingy”

                                                                                -Seneca

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October Dividends 2015

I can’t seem to grasp how fast time flies by the older I get, yes I know time will always remain constant but It really doesn’t seem like 3 years have gone by since I up rooted myself from the comforts of my last home in Saskatchewan to my current home in Northern Alberta. I never really took a moment to reflect on how monumental that decision I made back 3 years ago to move to an area thousands of kilometers away from my friends and family, to a completely foreign environment, not knowing a single person. Needless to say financial growth wasn’t the only change I encountered.

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Recent Buy

So we have all heard that stocks like proctor and gamble and Johnson & Johnson are extremely dependable to perform even during the darkest time of the markets, and the reason for that is simple, they offer services that people need in order to live (well technically not, but would you go the rest of your life without toilet paper or tooth paste? Haha). Regardless of whether you are low income earner, middle income earner, high income earner, or even the “elite” 1% you are still going to be needing these simple essentials which these fantastic companies produce. Continue reading

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