I recently finished a book by Marc Lichtenfeld called “Get Rich with Dividends”. It came as part of my membership in his Oxford Club Income Letter.
I don’t know much about investing. But it’s something I’ve been keen to learn recently.
Admittedly, I originally joined that letter because I wanted to learn a bit more about REIT investing. The promo at the time was focused on a specific REIT.
REIT is Real Estate Investing Trust.
It’s really opened my mind up to the different possibilities of investing. To date my strategy has just been to dump money into my 401k and get my company match.
But when COVID had the company halt the match, it was a wake-up call. I need to really own this part of my life.
Nobody cares as much as I do about my financial future… and my ability to care for and provide for my family financially.
And nobody is going to do this for me.
There are quite a few financial life changes that need to happen for me to provide for them the way I want to.
Yet the market has been chaotic lately.
I feel in times like these, it’s important to educate yourself on the fundamentals. By doing this you can make your own decisions instead of just parroting the most recent talking head.
So for me this means learning some more about different investing strategies. Then slowly and carefully putting my money where my mouth is.
This research and education is also helpful as I’m trying to learn to write in the financial publishing space as well.
So I’m going to start with dividends. After reading the book, I find the idea of dividend stocks extremely interesting. Also, since they tend to be more conservative it’s my hope that there’s less chance for me to burn myself early on.
Starting here can provide me a chance to learn to do research on companies and start getting comfortable phoning them and speaking with investor relations and the like.
I’m still up in the air on whether I’ll continue posting all that info here or spin off a different site from my freelancing site.
For now, I’m just continuing to build the habit of writing daily.