Customer Reviews

Financial Freedom on $5 a Day

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Remember the famous equation in Economics-Savings= Investment. This author talks about the dynamics of saving money incrementally to accumulate a small fortune over time.

Start small and take advantage of compounding, cost averaging of shares and diversification. For instance, DRIP investing automatically reinvests dividends into fractional shares which grow over time. (dripinvestor.com)

Buy stocks with a low PE ratio (Price/Earnings) and a high Book Value. Slash personal expenses to maximize funds available for investment purposes. Always preserve capital.

The Investment Company Institute and the Canadian Trust Dividends Inc. (CIBC.div) are excellent investment research sources. Also, look at First CDN Dividend Income and Hong Kong Bank Dividend, Inc. as potential investments.

DRIPS provide huge profit potential over time when dividends are reinvested. examples are Coke, Pepsi, AT & T and others

This book would be a wonderful acquisition for first time investors.

I love this book. It is simple and straightforward. If you would have used this book in the past few years you would have done very well in your investing. Believe me I know. Who was talking about gold five years ago? This guy is the real deal with the pedigree to prove it and he shares his knowledge with the little guy. I picked his book up many years ago in a thrift store and I have been following it ever since. I wish he would print a new edition, I would like to here his opinion on ETFs and diversification.

Often we believe we must keep on waiting until we accumulate a large amount of coin before we can invest. However, Chuck dispells that notion and shows you can start with as little as $5 a day (or 150 dollars a month) and he emphasizes small consistent starts. Remember most successful people had to start somewhere, most people didn't inherit their wealth, you must earn it; Chuck shows you the tools. I suggest you read the book more than once, have work book and plan things. Perhaps, you should open a separate bank account so you can put the 150 per month that won't be touched, but make sure you have an emergency fund somewhere so you won't be tempted to dip into that investment fund.