The Income Investor

The Income Investor strives to help people create a solid, reliable, growing income stream. It presents processes that have worked successfully for decades. It is relevant for young investors who want to get started on a long life of income production. It is also relevant for seniors who want to augment Social Security and pension income.
The book begins with the concept that an income investor must adopt the proper mindset. The first rule is that people must take responsibility for their financial future. No one else will be as concerned. The second rule is that adopting a repeatable process will lead to ultimate success. The book continues by outlining the tools necessary for income investing. This is followed by definitions of financial terms that novice investors can understand. The difference between income creation and wealth building is emphasized. The middle portion of the book discusses savings accounts, Certificates of Deposit, and stock dividends. Each has a role to play. Most of the text concerns stock dividends. It describes screening criteria and processes based on the most fundamental and critical elements of corporate finance. Income growth is highlighted. Goal setting is considered a critical factor to ultimate success. The last section of the book provides a step-by-step game plan to get started. It talks about how to handle adversity. Appendices provide additional information on specific topics.