Monthly Dividend Income

space grey ipad air with graph on brown wooden table

I’ve been interested in making money with dividends for a while (in a casual way), but I didn’t really look into the details until recently. I had an idea that by buying stocks that have a good dividend payout, I could receive a monthly income was intriguing. This does work but the drawback is that you have to watch the stocks that pay dividends because the dividend yield can go down. It all depends on the company.

Unfortunately, the more money that you can invest, the more you can make. I have received dividends but my investments are so small that they are not worth claiming and I just reinvest the dividends back into the account. The reason that I have small account is that I am very risk averse, so it is my own fault. I bought some stocks in a Canadian company a few months ago, while they were cheap. The price per share has increased 102% since I bought the stocks. I had an instinct that the value would rise significantly but I didn’t invest enough money. If I was 100% certain (and less risk averse) I would have been willing to borrow as large a sum of money as I could, used it all to buy stocks in the company, sold them today and doubled my money in a matter of months.

The news being circulated in the mainstream news outlets regarding stocks and shares is not always accurate and could lead a person to make bad decisions. It is better to research this subject in a more detailed way with information coming from less mainstream personalities.

The way to generate dividend income is by building a portfolio of high yield dividend stocks that pay out at different times throughout the year, ideally getting a worthwhile income every month. The stocks that you pick should also have a history of raising their dividends regularly. To get a worthwhile monthly check would require a substantial investment. I saw one plan that claimed to return $1000 per month, throughout the year but it required a $50,000 investment and if that accounts for your total savings, then I expect that you would be too risky for most people. According to a 2018 GOBankingRates survey, 58% of Americans had less than $1000 in their savings accounts.

The basic idea of dividend income is sound and you can always start the process in a small way and reinvest the dividends that you receive. It will be a learning experience.

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Americans love These British Foods

Big Ben, London

Here are some favorite British foods and sauces that Americans love. I have personally tested these with my American relatives and friends. There are certain items that are loved by all and some that are loved by enough people that they are worth adding to the list.

Some of the items are somewhat expensive, because they have to be imported. Some of the items can be bought in large grocery stores where you will regularly find them on special offer cheaper than you can buy them online.

After 20 years, I can find many goods in the store that are an acceptable substitute for UK foods, such as “ShowBoat” baked beans. These beans are cheap and are a good substitute for Heinz baked beans. Other items are specific to the UK. There is no US substitute for HP sauce, OXO cubes or Bisto. There is no substitute for parsley sauce either, this is a big hit with my US family.

 

Popular 

Bisto Gravy Powder. Mix water with the powder as instructed on the packet. Crumble an OXO cube, or 2, depending on the amount of gravy you are making. Simmer in a pan while stirring continuously until it starts to bubble. Remove from heat and serve. If you are cooking meat or chicken, you can add a little of the meat dripping to the gravy mix.

OXO Cubes. These are easy crumble stock cubes that come in a variety of flavors such as beef, chicken, vegetarian. I normally use the beef stock cubes for every type of meal. They can be crumbled into the Bisto gravy mix, or used as an additive to a meat preparation. I always add 2 cubes to 1lbs of ground beef and 3 cubes to 2lbs of ground beef when preparing Shepherd’s Pie. 

HP Sauce. This type of sauce is called brown sauce in the UK and it goes well with most pork and beef dishes. It is also good for breakfast with bacon and sausages. It is vaguely similar to A1 steak sauce. If you like A1 you will like HP sauce.

Parsley Sauce. This is a savory cream sauce seasoned with parsley. It is probably the most popular sauce in my circle of family and friends. It has even been given the thumbs up from a Columbian friend. I don’t make it from scratch, I buy Colemans Parsley Sauce mix. You mix it with milk, heat the mix and serve with ham or fish dishes.

Kerrygold Irish Butter. Very popular and it can be found in large grocery stores. It is expensive, and I only buy it when it is on special offer. The specials sometimes bring the price down to the cheapest of domestic butters.

Irish Sausages. Irish sausages are normally made with ground pork, though they are sometimes made with a ground pork and beef mixture. They normally include raw eggs and breadcrumbs. My favorite sausage for breakfast or sausage and mash meals. The drawback is that if you buy them online, they are expensive and I have only found them to be available in stores in places such as New York. An acceptable substitute that I use is to buy the basic breakfast sausage, but they are still a little spicy.

Some Like It, Some Hate It

Branston Pickle.  A sweet, spicy chutney, containing chunks of vegetables in a thick brown sauce.  It is commonly served as part of a ploughman’s lunch, which is basically crusty bread, butter and chunks of cheese. I like it, but I have found that its popularity is a 50/50 split with American born people. It is an acquired taste I think.

English Mustard. This is a very strong yellow mustard which is vaguely similar to the yellow Chinese mustard found in restaurants. Many people find it too hot. I like it and normally spread it on ham sandwiches to give them a bit of a kick. I tend to buy the powdered mustard because it seems stronger and I can mix a small amount when I need it. The powder lasts longer than the ready mixed variety.

Beans On Toast. I still can’t persuade many American born people that this is a wonderful snack, most people won’t even try it. They associate baked beans with BBQ.

 

Favorite Meals and Snacks

  • Ham, boiled potatoes, peas with Parsley sauce.
  • Shepard’s Pie.
  • Sausage and mashed potato, with Bisto and OXO gravy.
  • Bacon, fried eggs, sausage, fried tomato, baked beans in tomato sauce, all accompanied by HP sauce.
  • Ground beef prepared with OXO cubes,  with boiled or mashed potatoes.
  • Fresh Cod with boiled potatoes and parsley sauce, (no batter on the fish).
  • Roast chicken dinner, with roasted potatoes, roasted zucchini, peas, cauliflower and a Bisto and OXO gravy.
  • Extra sharp cheddar cheese with Branston Pickle.
  • Ham sandwich with Branston Pickle.
  • Cheese sandwich with Branston Pickle.
  • Ham sandwich with English Mustard.

 

Naturally, I like fish (Cod) and chips (fries) but I haven’t managed to make it to the UK Fish and Chip Shop standard yet and I can’t get the required standard in restaurants here, they use too much batter, the batter is not crispy enough and they usually don’t use Cod. The chips are not the same either. The chip shop must fry their chips in the same oil as the fish, maybe that’s the difference.

 

I get most of my items online from Goodwoods British Market. I don’t know if they are the cheapest, but they are reliable and the expiry date on the foods are good. I buy some of the items, such as Kerrygold butter in the grocery store when it is on special offer.

Think And Grow Rich

One of the most reccommended self help books ever

The Napoleon Hill Foundation received many requests from people wanting the original, unedited, 1937 copy of Think and Grow Rich. To satisfy those customers the Foundation reproduced Napoleon Hill’s personal copy of the first edition, printed in March of 1937. The book has the notation, not to be loaned, and signed: Annie Lou Hill (the wife of Dr. Hill). This personal copy of Dr. Hill’s was given to me by Dr. Charles W. Johnson, Chairman of the Napoleon Hill Foundation and a nephew of Napoleon Hill. It was Napoleon Hill who sent Dr. Johnson to medical school, and today he is a practicing cardiologist. Charlie refers to Napoleon Hill as Uncle Nap, and will often makes the statement, Uncle Nap would be proud of the Foundation today. The original 1937 manuscript was written and edited with the assistance of Napoleon’s wife. In later years, the existing document was again edited by Dr. Hill. For example, the Foundation owns a 1958 edition that Hill edited personally. This did not lessen the books value in Hill’s judgment. Hill made the editing remarks in his own handwriting and the resulting 1960 edited edition has sold over 100 million copies making it the most read self-help book of all time. Think and Grow Rich sells more copies today than before Dr. Hill died in 1970. Now, a new and authoritative recording of this original, unedited, one-of-a-kind work, authorized by the Napoleon Hill Foundation is available. By purchasing this audio edition, you will be supporting the nonprofit Napoleon Hill Foundation. The entire philosophy of Napoleon Hill is based on the Golden Rule. The Foundation deeply appreciates the support of those of you who only purchase Napoleon Hill authorized books. You can identify these materials by the Foundation Logo and by looking inside for Napoleon Hill copyright.


Think and Grow Rich (1937 Edition)