Two words…dividend investing. I am not sure when I stumbled upon the dividend investing strategy, but stumble upon it I did, which lead me to the Lazy Investor by Derek Foster. It is a really straight forward book about Dividend Reinvestment Plans (aka DRiPs or DRiPing) and Stock Purchase Plans (aka SPP) also also referred to as Optional Cash Purchasing (aka OCP) which when combined together over the long term make for a solid income generation plan.
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A gift from my Mom. She knew we were well into our war on debt and this handy little book got us thinking about more than just paying down debt. It got us thinking about the future and also what legacy we might leave for our descendants.The five wealth secrets are: