Most of us have some short of short term goals as well as a few longer term goals and sometimes were are so immersed in daily activites and priorites that we lose track of our long term goals. That is why it is important that once or twice a year, you take the time to review your long term goals, evaluate your progress, and adjust your activities so that you don't end up "someplace else."

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Since you're reading this, I assume that one of your long term goals is to save and invest so that at some point in the future, the income generated by your investments will cover your costs of living, and you will be effectively financially independent. If that is your goal, you have come to the right place.

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The first step on your journey to financial independence is to establish a realistic amount of money that you will need in your retirement account(s), so that the dividend income generated by these funds will meet or exceed your annual cost of living, without having to draw down your invested capital. For example, suppose your total annual cost of living is $75,000, including taxes. If you had $1,500,000 in investments that paid a dividend yield of 5% ($75,000 per year), you would never need to draw down your invested capital and you would be financially independent for the rest of your life. For those of you think that a 5% dividend yield on your invested capital is unrealistic, I urge to you continue reading. This website will show you how you can easily achieve such high yields if you buy the common shares of financially stable companies that have a history of growing their dividends, when their market prices fall periodically.  

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The number of years it will take you to accumulate $1,500,000 (or whatever amount you decide is necessary), will depend on the amount you can save each year and numerous other variables that are unique to each individual. It is not necessary to have an exact estimate of the amount of savings you will require on retirement. In fact, it is a mistake to try and establish an exact amount, because there are so many things that will happen in the future that cannot be predicted. Nevertheless, it is important to establish a reasonable amount, so that you can measure your progess and make adjustments to your rate of saving and other factors, as the future unfolds.  

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Many books and articles are available that describe how to budget your income and maximize your savings, but that is not the purpose of this website. The objective of this website is to show you how you can achieve a stable and growing dividend income from your savings, consistent with minimizing the risk of capital losses.   

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