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"The only thing I did was invest early,[url=http://duveticaukoutlet.halod.com/][b]http://duveticaukoutlet.halod.com/[/b][/url], and any idiot can do that," Foster told a gathering during a free financial seminar yesterday at the Central Library.
Foster advised the 15 people who turned out to invest in stable stocks that pay dividends to shareholders.
"Forget the lottery ticket stocks," said the Ottawa native.
Rather than treating the stock market as a "get rich quick" scheme,[url=http://woolrichdeutschland.gengfl.com/][b]http://woolrichdeutschland.gengfl.com/[/b][/url], as most do,[url=http://parajumpersoutletitalia.albirank.net/][b]http://parajumpersoutletitalia.albirank.net/[/b][/url], stick to "companies simple enough for any 6-year-old to illustrate with a crayon," said Foster.
Lottery ticket stocks, mainly technology-based companies like Apple,[url=http://woolrichjacket.webmium.com/][b]http://woolrichjacket.webmium.com/[/b][/url], Rim, Nortel, can be highly profitable if you're lucky but Foster doesn't take those chances.
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Instead, the now 42-year-old made his fortune by investing in recession proof companies like Colgate.
"The reality is that people brush their teeth every day, and come recession,[url=http://monclerjacketsoutlet.albirank.net/][b]http://monclerjacketsoutlet.albirank.net/[/b][/url], they'll keep brushing their teeth,[url=http://duveticaukoutlet.halod.com/][b]Duvetica Down Jackets[/b][/url]," said Foster, who since retiring has penned several finance books including five national best-sellers.
An engineer by training, Foster said he gave up the corporate life to work on his own terms.
"I actually like working. Work itself is good. I don't like commuting to work. I don't like having a boss,[url=http://parajumpersoutletitalia.albirank.net/][b]parajumpers outlet italia parajumpers Parka Piumini online shop abbigliamento[/b][/url], or having to dress a certain way," said Foster.
Dressed in khaki shorts, a wrinkled cotton tee-shirt and sneakers,[url=http://duveticaukoutlet.halod.com/][b]Duvetica Down Jackets For Men[/b][/url], Foster is not the picture of the typical millionaire.
That's because he isn't.
He lives modestly,[url=http://billigamonclerjackasverige.albirank.net/][b]http://billigamonclerjackasverige.albirank.net/[/b][/url], supporting his wife and two boys on less than $50,[url=http://woolrichswedense.gengfl.com/][b]woolrich arctic parka sweden outlet woolrich online shop sweden göteborg[/b][/url],000 annually tax-free money he brings in through passive-dividend distributions and book sales.
"The worst way to make money in Canada is to work for it and earn it," he said, adding that he has as much flexible income as someone making closer to $70,000 in the corporate stream.
He avoids taxes and fees at all costs, even self-publishing his first novel.
"Many people are unaware of the fact that you can make close to $60,000 a year in Canadian dividend stocks without paying a cent in tax," said Foster.
He urged the public to stop "mindlessly paying fees,[url=http://giuseppezanottioutlets.webmium.com/][b]2013 Giuseppe Zanotti shoes outlet sale Giuseppe Zanotti Sneakers[/b][/url]."
Earlier this year,[url=http://discountmerrellshoes.webmium.com/][b]discount merrell barefoot shoes discount merrell shoes online shop[/b][/url], he sold his Ottawa home and debarked on a year-long tour of North America.
Foster said he didn't want to be dealing with being a landlord while on their adventure,[url=http://kaufenmonclerjacken.albirank.net/][b]http://kaufenmonclerjacken.albirank.net/[/b][/url]. They bought a large camping trailer and plan to travel while home-schooling their children.相关的主题文章：

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