Thoughts About “Too Much Money”

A How-To Guide for the Newbie Dividend Investor

Disclaimer: This article contains affiliate links where I may receive a small commission at no cost to you if you choose to make a purchase from a link on this page. However, these are tools and resources I have used, and that I fully recommend when it comes to dividend investing. You can read my full affiliate disclosure in my privacy policy.

Some Background

Life comes at you fast. While it’s never been a thing to take for granted, that truth is even more pronounced in present times.

Right now, I’m sheltering in place in Bangkok. It sounds exotic — but the truth is, I haven’t left my apartment since I attempted to leave the country 3 weeks ago. My flight was cancelled due to Covid19, so I decided to stay instead of getting another flight out.

I also decided to make the most of the time I would be spending in my apartment. I’d learn something new. I’d produce something great. I’d launch a new product. I’d improve my business.

Finally, I decided to get a Twitter account so I could keep up with what was happening around the world because I don’t speak Thai — yet. Within 2 weeks of setting up my new twitter account, I was given the e-book Too Much Money by Jimmy the Dividend Cultivator. It started after I engaged with this tweet:

This conversation sparked the sharing of knowledge and an incredible opportunity. I now had a step by step guide, in my hands, on how to invest for dividend yields.

What is Dividend Investing?

To summarize, dividend investing is when you purchase stocks with the intention of generating a passive stream of income. What’s cool about it is that there are two ways to grow your money with this approach to investing.

First, dividend paying stocks will pay you for each share you own on either a monthly or quarterly basis. And, when the price of your stock goes up, your investment grows in value. In short, the more shares of a dividend paying stock you purchase and hold, the better your earnings will be.

Impact

I was, and still am, a newbie “dividend investor”. When I first got the Too Much Money e-book, I wasn’t really sure what to expect. I knew from following the Dividend Cultivator on Twitter that the book would most likely be about dividend investing.

Since starting my dividend investing journey on Robinhood, 1 month ago, I have already earned dividends from owning very small positions. I plan to increase positions, and I anticipate exponential growth.

Book Purpose

Too Much Money is a “how-to” guide for newbies to dividend investing. I appreciate that it was written in a way that quickly gets to the point while still being highly educational.

It’s about 30 pages with a step by step of which websites you can use to find a company’s financial history, which apps you can use to start investing from your phone, and the factors you need to consider before deciding to invest.

This is the first book I’ve read on the topic of Dividend Investing, and I have already managed to generate some spare change.

Additional Features

When you purchase Too Much Money, you also get a complimentary dividend investing spreadsheet to help you track your investments. It’s a useful tool for when you are first getting started in the world of dividend investing. So you can see the details of your dividend investing portfolio in one place.

About the Author

Too Much Money is written by Jimmy the Dividend Cultivator. He is a software engineer and a former mortgage underwriter who is passionate about sharing his strategies on generating a passive income from dividend investing.

Recommend or Not?

I recommend this book 100%!

If you’re interested in getting started as an investor and wanting to gain a return on your purchases, Too Much Money will give you the blueprint for how to go about dividend investing.

You can check in with Dividend Cultivator’s earnings each month. He publishes his dividend income on his blog. You can also follow him on twitter for up to date thoughts.