But it doesn't do much beyond that for someone looking to achieve financial independence via passive income, other than to serve as something to exchange for
equity in wonderful businesses at fair or better values.
Certainly, as I've pointed out many times before, it's tough to build a portfolio, and a rising stream of passive income via dividends, if you're not actively buying ownership
stakes in wonderful businesses.
But I know that continuing to acquire equity
in wonderful businesses means my snowball will roll downhill at ever faster rates, and when / if a correction does come, the passive income my portfolio throws off will buy even more new shares than before.
I would love to be a «guest» on another cover as I am still the No. 1 sales rep. for Royal LePage Residential in Toronto, after 23
years in this wonderful business.
Dividend growth investing is the strategy I use to buy me my freedom and job - free life because it basically involves
investing in wonderful businesses that share their growing profit with shareholders in the form of growing dividends.
Dividend growth investing allows one to buy
shares in wonderful businesses that reward their shareholders with a chunk of the growing profit these businesses generate; as profit grows, so do the dividend payments.