Where do you go to learn more about personal finance? How can you improve your financial literacy? Also, what about dividend growth investing?
Well, here are some of resources to help you in getting started.
Who am I? For my own story check out here.
When I first got started, I learned a lot from financial blogs. Particularly, blogs related to dividend investing. Thus, that was my first encounter with real personal finance.
Below are some websites that are dividend tools to help you.
The first tool is a stock screener that contains a variety of useful information. The second is directory of all stock’s dividend information (past and present). Hence, these are useful tools to research a stock.
As a beginner, all the numbers seem overwhelming as they were for me.
However, you do not need to worry about every single metric. The key metrics for me are: dividend yield, payout ratio, P/E ratio (price-to-earnings), and dividend history (how many years a company has paid an increasing dividend).
Thirdly, if you like a good book (like I do), here are some books I have read and learned a great deal from. This is the meat of personal finance that you want to sink your teeth into.
I’ll divide them into books on dividend investing and books on personal finance.
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Dividend Tools
1 – Stock Screener: https://finviz.com/
2 – Dividend Directory: https://www.dividend.com/
Dividend Books
1 – Investing in Dividends for Dummies
2 – All About Dividend Investing
Personal Finance Books
1 – Personal Finance for Dummies
2 – The Millionaire Next Door
3 – The Total Money Makeover
4 – Rich Dad Poor Dad
5 – Bachelor Pad Economics
And that’s all there is to getting started!
That is how I got started many years ago.
Since then, I have built a six-figure portfolio of dividend growth stocks that generates over $14,500 in dividend income per year. That’s over $1,200 per month in passive income!
I am not a licensed financial advisor of any kind. Nor educated in school in any financial field. Nevertheless, I have been investing in the stock market for over 9 years and have been through the ups and the downs.
Thus, good old fashion life experience has taught me much as well. Furthermore, I am continuously learning and working towards my goals.
Best of luck and happy investing!
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