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The Idiot Millionaire by Derek Foster – Review and Giveaway

idiotmillionaireDerek Foster is back again with his fifth book – The Idiot Millionaire (link).  This book follows a common theme about investing,with the focus on “idiot proof” stocks rather than exclusively dividend achiever type stocks.  To Mr. Foster, idiot proof stocks are those that have global brand recognition and have a distinct competitive advantage.

For those of you who follow Derek Foster, you may know of the most recent “controversy” surrounding him where he sold all of his long term positions just before the market bottom in 2009.  As he’s been asked about this many times over the past couple years, he dedicated a section in the book to explain what happened, and what he did after he sold.  It turns out that he didn’t make out so bad (more on this in the next post).

Who is Derek Foster?

Derek Foster is known as Canada’s Youngest Retiree when he retired at the young age of 34. How did he do this? Through starting young and sticking with his investment plan of buying strong dividend paying stocks. He feels very strongly about his strategy and rightly so as he has achieved great success. His first book Stop Working: Here’s How You Can is a Canadian Best Seller.

Foster currently lives off and supports his family through dividend distributions, book sales, and a rental property (sold). Note that he retired before publishing his first book. You can read more about him in my book review of Stop Working: Here’s How You Can.

About the Book

As previously mentioned, this book focuses on stocks that have a long term competitive advantage by pointing out and explaining the authors favorite stocks in each sector.  The chapter outline includes:

  1. Why you should invest in idiot proof stocks
  2. Bank Stocks and other Financial Companies
  3. Pipeline Stocks
  4. Tobacco Stocks
  5. Food and Drink Stocks
  6. Consumer Stocks
  7. Hygiene Stocks
  8. Oil Stocks
  9. Entertainment Stocks
  10. Transportation Stocks
  11. Business to Business Stocks
  12. Education Stocks
  13. Buying Bargain Stocks
  14. Where to Look for Idiot Proof Stocks
  15. Taxes and an update on the authors portfolio

While this book did give me some ideas on stocks to add to my watch list, Derek’s first book is still my favorite.  Perhaps it’s because I’m a little more experienced now with investing and that I’ve read about a lot of the same concepts before.  I would say this book is geared for someone just starting out in their investing journey and looking for ideas on which companies to look into.

Want a Free Copy?

The author is offering Million Dollar Journey readers the chance to win a free copy of the book.  The details are below:

  1. New and Existing Money Tips Newsletter Subscribers will be drawn at random for a free book (you can subscribe here). (+1 entry)
  2. Leave a comment in this post by clicking here. (+1 entry)
  • Only one comment entry per person (valid email addresses only please – privacy policy).
  • Contest will end Sat 5pm EST Jan 29, 2011 and the winner, drawn randomly, will be contacted shortly after!
If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).

262 Comments

  1. Jaymus (RealizedReturns) on January 24, 2011 at 9:07 am

    Here’s my comment to enter.

    p.s. Authoring all of these books, it is becoming more evident that Derek has a different definition of “retirement” than most people.

  2. PaigeSix on January 24, 2011 at 9:18 am

    I’m excited to see what this book is all about! Let’s hope this comment allows me to win!

  3. Michael on January 24, 2011 at 9:41 am

    Sounds interesting. Would definitely like to read it.

  4. Alexander on January 24, 2011 at 9:56 am

    I would like to spread your idea and the message of the new book in Europe, especially in Germany.

    I’m happy to read this book.

    Greetings
    Alexander

  5. Darren on January 24, 2011 at 10:22 am

    Wouldn’t mind reading this!

  6. Uncle El on January 24, 2011 at 10:26 am

    HAve a list of dividend stocks I want to invest in, but could use some more ideas.

  7. Susan on January 24, 2011 at 10:27 am

    I have always recommended derek’s first book to my 20 something clients. Not so much because of any specific strategies but more to show them it can be done. Too many books focus on 40 something age group and the younger crowd can’t relate.

  8. Oli on January 24, 2011 at 10:33 am

    Would definitely be interested in giving this book a stab!

  9. Ken on January 24, 2011 at 10:51 am

    I’d love to retire that early

  10. cbez on January 24, 2011 at 10:55 am

    Looks like an interesting read!

  11. RI on January 24, 2011 at 11:19 am

    Good luck on the Giveaway for everyone.

  12. Jamie on January 24, 2011 at 11:27 am

    Retiring at 34? Sounds like a dream! I wonder what he does to keep busy!

  13. netParticles on January 24, 2011 at 11:40 am

    I’m looking forward in reading this, thank you for the review!

  14. Imad on January 24, 2011 at 11:59 am

    I would love reading this book so I could retire at 34 too!!!

  15. Ahmed on January 24, 2011 at 12:20 pm

    I hope I win!

    Opps. my comment was too short. Re-posting.

  16. Andrew on January 24, 2011 at 12:25 pm

    I think it’s too late for me to hit 34 but I’d certainly be happy with 43! :)

  17. Aaron on January 24, 2011 at 12:26 pm

    Ugh. Pick me, I guess. :-P

  18. Mike on January 24, 2011 at 12:35 pm

    I recently “retired” at 36. It would be nice to compare notes.

  19. Daryl on January 24, 2011 at 12:36 pm

    Sounds like a neat book

  20. Andrea on January 24, 2011 at 12:37 pm

    Sounds like an interesting book

  21. Joel on January 24, 2011 at 12:37 pm

    I read his Stop Working book… and would be interested in this one.

  22. Nick Somers on January 24, 2011 at 12:40 pm

    Sounds like a good read for me. I am 23 and just getting rolling in the investing world. It seems that he has a similar investing strategy to me but much more experienced and knowledgeable.

  23. Jeevan Trehan on January 24, 2011 at 12:44 pm

    Will be definitely interested to read as I feel that I fall into the category of getting to understand investments..

  24. James on January 24, 2011 at 12:47 pm

    I read his other books. Mostly good reads. Must be read with some skepticism but all have some good ideas that can definitely get you in the right direction/frame of mind for investing.

  25. marcin on January 24, 2011 at 12:47 pm

    This would be a great start for me….appreciate what you do

  26. Jonathan Simon on January 24, 2011 at 12:47 pm

    Sounds like a great book!

  27. Barry on January 24, 2011 at 12:49 pm

    that means I’ve only fot 4 years left to become the new yongest retiree.

  28. Ryan J. on January 24, 2011 at 12:49 pm

    Having a variety of different investments, I think it is time I start to look at dividend producing stocks for the long term.

  29. Kelly Harps on January 24, 2011 at 12:51 pm

    Sounds like the booke for me!

  30. Senk on January 24, 2011 at 12:51 pm

    Looks interesting.

  31. Sandy Shaw on January 24, 2011 at 1:06 pm

    i secretly feel like an idiot invester…would be great to see if i can retire by 64 not 34!

  32. Wayne on January 24, 2011 at 1:07 pm

    Should be an interesting books. Have read all of his others.

  33. Digger on January 24, 2011 at 1:07 pm

    Read his other books. Would be interested in reading this one as well.

  34. reader on January 24, 2011 at 1:08 pm

    I had a chance to read his first book and loved it. I am pretty sure that this book is even better than one before.

    Hurray Derek , Hurray Wasaga beach, Love to do cross country ski right there
    :)

  35. Michelle on January 24, 2011 at 1:10 pm

    Interesting list of stocks, we have some but need to diversify a bit more so its a good starting point.

  36. J. on January 24, 2011 at 1:15 pm

    Should be interesting

  37. Darryl on January 24, 2011 at 1:15 pm

    Interesting book, sign me up
    thanks

  38. Derek Foster on January 24, 2011 at 1:17 pm

    FrugalTrader,

    Just two minor points…I had a rental property a few years ago, but don’t (so there is no rental income). Also, this is my fifth book, not fourth.

    Cheers,
    Derek Foster (author)

  39. Scott on January 24, 2011 at 1:18 pm

    Love to read about different investment strategies and ideas. Would be a great read for the new year.

  40. Matt on January 24, 2011 at 1:20 pm

    Enjoyed his first, curious to see what he has to say in this one.

  41. Bernie B on January 24, 2011 at 1:21 pm

    I think giveaways like this are a great way to promote your site. Kudos.

  42. Rick on January 24, 2011 at 1:22 pm

    I would like to read Derek’s latest book . Knowledge is Key !

  43. Colleen on January 24, 2011 at 1:23 pm

    It’s my birthday today and winning this book would be a nice present! I’m very interested in investing but still have a lot to learn.

  44. Sandra on January 24, 2011 at 1:25 pm

    It would be great to win this book and read about Derek’s ideas on where to invest.

  45. John on January 24, 2011 at 1:26 pm

    I’m new to investing. This sounds like just the ticket to get me rolling!

  46. ASH 37 on January 24, 2011 at 1:26 pm

    Enjoyed his first, curious to see what he has to say in this one.

  47. Peter on January 24, 2011 at 1:30 pm

    count me in for the giveaway

  48. Saver on January 24, 2011 at 1:34 pm

    Looking forward to another great read by Derek. His books are very simple and easy to read, great for me!!

  49. gail on January 24, 2011 at 1:35 pm

    Glad you reviewed this! I just read it myself (from the library… I do read this blog, and am working towards increasing my net worth). It’s a great book, but it had a number of spelling and grammatical errors; just saying. I have read all of Derek’s books.

  50. TJ on January 24, 2011 at 1:38 pm

    Sounds interesting; I’d love to read it.
    FYI, your link to Foster’s first book “Stop Working…” is not functioning properly.
    Cheers!

  51. DoNotWait on January 24, 2011 at 1:43 pm

    I can’t wait to read your post on how he turned out after selling everything.

  52. JB on January 24, 2011 at 1:43 pm

    I like Derek’s first book. This one is on my list…

  53. Shelly on January 24, 2011 at 1:44 pm

    How fantastic that Derek is willing to share his process.
    Can’t wait to read this new book + gain a wealth of information that could get me outta here sooner rather than later.

  54. SteveF on January 24, 2011 at 1:47 pm

    @Jaymus – agreed – when I retire you will never hear from me again…

  55. Katie on January 24, 2011 at 1:48 pm

    Sounds like an interesting read.

  56. Chris on January 24, 2011 at 1:56 pm

    Free book! Woo!

  57. Dexter on January 24, 2011 at 2:00 pm

    I’d love to give this a read

  58. Will on January 24, 2011 at 2:03 pm

    I’m several years behind on retiring by 34. Better late than never! I could really use this book.

  59. Boris on January 24, 2011 at 2:04 pm

    I love free stuff. I can’t get his book from the library

  60. Alain Chiasson on January 24, 2011 at 2:05 pm

    Will be looking forward to reading both books.

  61. Paresh on January 24, 2011 at 2:11 pm

    I read Derek’s first book and would love to get a free copy to read! I am curious to know the stats about how many people are able to implement the advice received from this kind of books and achieve their goal of retiring by say 45?. Looking at the demographics of working and retired people around me it seems not that many!!

  62. Mark on January 24, 2011 at 2:17 pm

    Hook me up, yo.

  63. Peter on January 24, 2011 at 2:21 pm

    In for what sounds like a decent read!

  64. ScottTO on January 24, 2011 at 2:26 pm

    I’m in. I would love to see what he has to say. Very curious what he has to say about he big sell off.

  65. c. layne on January 24, 2011 at 2:26 pm

    I’ve been told I’m an idiot…therefore i’m halfway there! I just need this book!

  66. Matt on January 24, 2011 at 2:32 pm

    Sounds interesting! Looking forward to reading it.

  67. Terri on January 24, 2011 at 2:35 pm

    I have enjoyed all four previous reads, and would love to read the follow up.

  68. Zdad on January 24, 2011 at 2:37 pm

    Looking forward to reading this book. Read most of the others and have put many ideas into practice! I’m a big fan.

  69. Steve Zussino on January 24, 2011 at 2:48 pm

    I would like to read this book to get advice for some future dividend stock purchases.

  70. Caroline on January 24, 2011 at 3:00 pm

    Thanks for your book reviews! I read David Foster’s first book and found it really opened my eyes. I would love to get my hands on a (free) copy of this book.

  71. V32 on January 24, 2011 at 3:05 pm

    I enjoyed Derek’s previous books and could use this one as a resource since I’m just starting out as a DIY investor.

  72. Andrew on January 24, 2011 at 3:05 pm

    put me in the draw

  73. Dutchie on January 24, 2011 at 3:19 pm

    I’ve read/own 3 of his 4 books. ( I didn’t know he had a fourth book) I would like to add this to my collection.

  74. Michael B on January 24, 2011 at 3:24 pm

    Would love a copy.

  75. Jane Smith on January 24, 2011 at 3:27 pm

    I’m looking forward to reading this book. I have just recently gotten involved in finances as a career and have been soaking up as much information as possible.

    Thanks!

  76. Chris on January 24, 2011 at 3:30 pm

    I think I live near this guy. Draw me up!

  77. Alex satchi on January 24, 2011 at 3:33 pm

    Would be nice to retire at 34.

  78. Kevin on January 24, 2011 at 3:33 pm

    Just starting out in investing and plan on reading his book.

  79. Traciatim on January 24, 2011 at 3:34 pm

    Count me in. After reading Enough Bull from Trahair it would be interesting to see Fosters take on ‘the other side’ and how it should be simple to pick winning a combination. I wonder if I take half my money and put it in either plan how it would turn out in the end. Then I wonder how it would stand up to the magic formula :)

  80. Mark on January 24, 2011 at 3:53 pm

    Count me in for the giveaway. Thanks.

  81. Marypat on January 24, 2011 at 3:54 pm

    Please enter my name in the draw. I have 2 of Derek’s books and would really enjoy reading his latest. Thanks!

  82. Kyle on January 24, 2011 at 4:01 pm

    I’ve read/own 3 of his 4 books. ( I didn’t know he had a fourth book) I would like to add this to my collection.

  83. dsven on January 24, 2011 at 4:10 pm

    He’s a bit of a snake oil salesman – but for a free copy, what do I have to lose?

    (I hope said insult doesn’t automatically disqualify me!)

  84. Lindsay on January 24, 2011 at 4:13 pm

    Love the Posts from M$J and your Featured Writers. Very helpful in getting many of us on the right track. Thank you so much.

  85. jimmy on January 24, 2011 at 4:24 pm

    would like the free book!

  86. Jim on January 24, 2011 at 4:34 pm

    I’d be interested in reading this book.

  87. Matthew on January 24, 2011 at 4:40 pm

    Retire at 34?! How early did he start? He must have begun with a serious “nest egg”? Or had a seriously high paying job over the course of his wealth building. Haven’t read the book but I’ll have to check it out.

  88. Denis on January 24, 2011 at 4:51 pm

    Need to re think my investment philosophy. Would be a good read.

  89. chris on January 24, 2011 at 4:53 pm

    thanks! sounds like a good one

  90. Andre on January 24, 2011 at 5:02 pm

    I’ve read a couple of his other books, would be interested in this one too. Thanks

  91. Lisa on January 24, 2011 at 5:10 pm

    I would be interested in giving this book a read…thanks.

  92. Alex on January 24, 2011 at 5:29 pm

    As someone who has just started in dividend investing, I would definately be interested in reading his book.

  93. Pete on January 24, 2011 at 5:45 pm

    Yeah, my bread and water might be enhanced with this book.

  94. Ryan on January 24, 2011 at 5:50 pm

    I am so inspired by Derek

  95. Bill on January 24, 2011 at 5:55 pm

    I’m going down south and need a good book to read, this one sounds great .

  96. Jusebastien on January 24, 2011 at 5:55 pm

    Count me in for the draw.

  97. Jeroen on January 24, 2011 at 6:07 pm

    I’ve read all of his previous books, so would love to win this one!

  98. Richard on January 24, 2011 at 6:14 pm

    I’ve just started dividend investing and would love to read this book too! Thanks!

  99. Eric on January 24, 2011 at 6:26 pm

    I’m interested

  100. nora on January 24, 2011 at 6:36 pm

    Would love to win this book. Thanks for the giveaway!!

  101. Larry on January 24, 2011 at 6:36 pm

    Long time lurker here.
    Please enter me for the draw.

  102. DBL on January 24, 2011 at 6:42 pm

    Sounds like another good read.. Looking forward to it!

  103. Gerry on January 24, 2011 at 6:52 pm

    I’d love to read this book.

  104. Jason on January 24, 2011 at 7:05 pm

    I seen Derek on The Hour awhile back and never did end up picking up his book, would love to give this one a read sounds interesting.

  105. Kelly on January 24, 2011 at 7:14 pm

    Thanks for the review. Always good to get another book referral.

  106. mike on January 24, 2011 at 7:50 pm

    Looks like an interesting read.

  107. Martin on January 24, 2011 at 8:05 pm

    I’m always interested to read about what Derek Foster is up to!

  108. Jonathan H on January 24, 2011 at 8:43 pm

    Pick me. Pick me.

  109. Big E on January 24, 2011 at 8:48 pm

    Idiot Millionaire … just what I want to be!

  110. Michael on January 24, 2011 at 8:54 pm

    Very interested in his latest book, would love to get my hands on it. Count me in!

  111. Bernie on January 24, 2011 at 9:01 pm

    I’m a Derek Foster fan & would love to have this book!

  112. amber on January 24, 2011 at 9:03 pm

    I need this book!

  113. amber on January 24, 2011 at 9:03 pm

    I want, need, gotta have this book!

  114. Ozgur on January 24, 2011 at 9:16 pm

    I would like to have this book, thanks

  115. PuddleJumper on January 24, 2011 at 9:26 pm

    Sounds like another book written for me!

  116. carllecat on January 24, 2011 at 9:27 pm

    I am idiot and future investor. As a result, this book should be given to me!

  117. Steve R on January 24, 2011 at 9:29 pm

    So I left a job several years ago and know have a new one. I guess I’m retired.

  118. Allan on January 24, 2011 at 9:34 pm

    I’m an idiot and not a millionaire :( Maybe this book can help!

  119. Dreamy on January 24, 2011 at 9:53 pm

    would love to read dis book & learn!~

  120. AL on January 24, 2011 at 9:54 pm

    Would love to rerad it and pass it on to others who will also benefit

  121. Linda on January 24, 2011 at 10:12 pm

    I’m a big Derek Foster fan and have read his 1st & 2nd books & have followed some of his advise re: buying stock through discount brokers & enrolling in DRIP’s and would really like to read this one too.

  122. Adam Poirier on January 24, 2011 at 10:40 pm

    Who wouldn’t want to read anything that could help them retire at 34?

  123. Kevin on January 24, 2011 at 10:41 pm

    Count me in! I’m not a Derek Foster fan, but I’m willing to keep an open mind.

  124. maurice mendonca on January 24, 2011 at 10:44 pm

    Excellent Trusted Author

  125. Garrett on January 24, 2011 at 10:52 pm

    Wouldn’t mind giving it a read.

  126. Kate on January 24, 2011 at 10:54 pm

    I’d love to have the book, thanks!

  127. Bhaskar Naik on January 24, 2011 at 11:12 pm

    Would love to read this book. Hope I can win it.

  128. No Fees For Me on January 24, 2011 at 11:13 pm

    Really keen to see how he picks his stocks.

    Looking at my latest mutual fund statements I now have the same balance that I had five years ago. Lots of money through fees, etc. for the fund companies and my so called “advisor” – they can’t afford to have me retire.

  129. Jeannie on January 24, 2011 at 11:54 pm

    I could use the advice! Hope I win!

  130. Donna on January 25, 2011 at 1:19 am

    Would love to read this book as Derek’s first book is your favourite! I’d also like to read his first book too.

  131. Vonnie on January 25, 2011 at 1:24 am

    His first book was the one that got me started in investing, really interested in reading what he’s up to now!

  132. iamphysio on January 25, 2011 at 1:36 am

    Always like the opportunity of reading a new book.
    Thanks again.

  133. Kenny on January 25, 2011 at 1:37 am

    I liked his first book, but was a bit disappointed when he cashed out. He frequently post on the canadian business forum.

  134. Erik on January 25, 2011 at 1:37 am

    Haven’t read it yet, I look forward to it

  135. UH on January 25, 2011 at 2:12 am

    Count me in! Seems like derek is an interesting fellow

  136. 20 and Engaged on January 25, 2011 at 3:07 am

    I’d love to win the book and I’m signed up for your RSS feed :)

  137. Ian on January 25, 2011 at 3:13 am

    Thanks for taking the time to review the text. I always find reading reviews of a new financial book motivates me to consider further options. I would should love a copy. Thanks.

  138. CA Student on January 25, 2011 at 3:49 am

    Looks great! Would be nice to win a copy!

  139. Ramona on January 25, 2011 at 9:13 am

    Yep – I’d like to win. Pop me into the contest please.

  140. Craig on January 25, 2011 at 9:57 am

    Read his other books, and really liked them.

  141. SoloSailor on January 25, 2011 at 10:07 am

    Is it me or is your blog getting better and better? For sure I’ve always enjoyed it, it’s just that now I’m appreciating your contributions more and more with the passing of time … and of course your incremental experience in blogging.

    Thanks

  142. joncosmo on January 25, 2011 at 10:46 am

    Looks great! Would love to win a copy!

  143. Michael Hall on January 25, 2011 at 10:47 am

    Look Interesting

  144. terry tosky on January 25, 2011 at 10:53 am

    i need to read more about derek foster and how he continually beats most other investors –

  145. Khawar Randhawa on January 25, 2011 at 11:12 am

    Looks to be great opportunity

  146. LBanks on January 25, 2011 at 11:43 am

    Seems like Derek funds his retirement with all the books he writes….

  147. satin005 on January 25, 2011 at 12:40 pm

    my first comment on this site

  148. Max on January 25, 2011 at 1:00 pm

    I want one! Even though I agree the first one must be the best.

  149. Cale on January 25, 2011 at 1:18 pm

    Here’s hoping I’ll win – and learn about Derek’s strategies.

  150. Sam on January 25, 2011 at 1:26 pm

    Sounds like an interesting book to read. :)

  151. Judy on January 25, 2011 at 2:20 pm

    Attended a Derek Foster seminar here in Sarnia. Interesting fellow. Would love to read his latest book.

  152. Gin on January 25, 2011 at 2:41 pm

    Good day FT,

    Thanks for this blog. It is really useful for us interested in investing.

    I read Derek’s first book. This one seems quite interesting. I hope I’ll win a copy!

  153. Vic on January 25, 2011 at 3:10 pm

    Thanks for this great opportunity.

    Looking forward to become an “idiot millionaire”.

  154. Amit on January 25, 2011 at 3:16 pm

    Would love to read about all the stocks the author talks about.

  155. Lyne on January 25, 2011 at 3:47 pm

    Thank you for the chance to win!

  156. Lindsay on January 25, 2011 at 4:06 pm

    I have researched Derek and he has an interesting take on this space and I look forward to learn more. Thank you!

  157. Pigzfly on January 25, 2011 at 4:49 pm

    Sounds like an interesting read, count me in!

  158. Kevin Ross on January 25, 2011 at 5:30 pm

    Thanks for the opportunity to win !

  159. Paulo F on January 25, 2011 at 6:03 pm

    Sounds like it should be good. Thanks for the chance to win. :)

  160. Frank on January 25, 2011 at 6:35 pm

    Would love a copy, thanks!

  161. Red on January 25, 2011 at 6:48 pm

    Here’s my entry

  162. Chung on January 25, 2011 at 8:43 pm

    Would love a copy, thanks

  163. Nurseb911 on January 25, 2011 at 9:46 pm

    And here I thought this guy had disappeared. What a joke….first he preaches one thing, does another, tries to re-invent himself and all the while doesn’t disclose positions until “after” the fact with nothing material to prove he’s made any money off anything aside from his books. This guy is selling the same information that is commonly available for free in lots of great resources. His interest is continuing to make money off these books rather than contributing anything worthwhile to the knowledge of new investors.

  164. krantcents on January 25, 2011 at 9:52 pm

    Please send me a copy

  165. bluegirl571 on January 25, 2011 at 10:23 pm

    I would really like to win the book, thanks for the opportunity!

  166. peggy on January 25, 2011 at 10:29 pm

    I’m always interested to read personal finance books. Thanks.

  167. Brendan on January 25, 2011 at 10:38 pm

    At 20 years old I’ll put it to best use.

  168. Jeff Pick on January 25, 2011 at 11:43 pm

    Looks very interesting!!

  169. Michael on January 26, 2011 at 12:06 am

    He sold at the bottom which has to be the worst decision ever but his books are interesting.

    Thanks MDJ

  170. Indy on January 26, 2011 at 12:26 am

    Looks like an interesting book. Would be nice if I could get a hold of this free copy. Thanks.

  171. Mark on January 26, 2011 at 12:47 am

    Id read this! Love to get the copy!

  172. Kel on January 26, 2011 at 2:00 am

    Would be very interesting reading about the now controversial Mr. Foster and his definition of wealthy and retirement !

  173. Pat on January 26, 2011 at 2:18 am

    I have bought one of his books and borrowed the others and I’ll probably read this one at some point. It would be great if I could win it!

  174. K on January 26, 2011 at 2:49 am

    I am 41 and only invest in Mutual Funds so far, would love to read this book.
    K

  175. Brady on January 26, 2011 at 4:14 am

    Derek Foster is an inspiration to all.

  176. Emily on January 26, 2011 at 11:26 am

    Count me in! Would love a copy!

  177. chad on January 26, 2011 at 11:44 am

    it looks like a very good book for all.

  178. Mark on January 26, 2011 at 11:50 am

    It looks like an interesting book.

  179. andrewbpaterson on January 26, 2011 at 1:03 pm

    Derek Foster’s awesome!
    Count me in…

  180. Mark on January 26, 2011 at 2:18 pm

    I want to read about him!

  181. G.V.Ananthaswamy on January 26, 2011 at 2:37 pm

    IT SEEMS TO BE A GOOD BOOK TO READ IF IT IS NOT ‘COUNTRY SPECIFIC’. I WANT TO READ IT IF I WIN A FREE BOOK. GOD BLESS.

  182. tsiko on January 26, 2011 at 4:34 pm

    Thanks for this chance to win the book.

  183. Erin on January 26, 2011 at 5:11 pm

    I’m just getting into personal finance and I have so much to learn yet it’s daunting but I’ve been enjoying and been inspired by so many PF bloggers it’s wonderful! Thanks for putting all this great info out there!

  184. Ryszard on January 26, 2011 at 9:08 pm

    I really enjoy your blog. I am just getting into personal finance, and I am trying to learn as much as possible to make sure I can retire, sometime.

  185. Andrea on January 26, 2011 at 9:08 pm

    I would love to win a copy of this book!

  186. Sarah T on January 26, 2011 at 9:20 pm

    Thank you for the opportunity to enter to win this book – looks like a great one.

  187. Tony on January 26, 2011 at 10:07 pm

    sounds like it will be another winner

  188. Lanette on January 26, 2011 at 11:58 pm

    I’m just starting my investing journey and am always looking to read easy-to-understand books that can help build my knowledge base. This one sounds like it’d be great!

  189. Richard on January 27, 2011 at 12:02 am

    looks like a nice read

  190. Greg on January 27, 2011 at 2:09 am

    I’d like to read it.

  191. Jungle on January 27, 2011 at 5:35 am

    Thanks for the book review Frugal, I didn’t know he came out with a new one. Please add me to the list for the free book draw.

    Jungle.

  192. Jenny on January 27, 2011 at 6:13 am

    I read his other books and liked them. I want to read this one too!

  193. Cowtown Realist on January 27, 2011 at 7:23 am

    Sounds great, would love to read it!

  194. Glenn Tucker on January 27, 2011 at 10:52 am

    Always interested in read ways to invest smarter.

  195. Marie on January 27, 2011 at 11:39 am

    Sounds like an interesting read!

  196. k on January 27, 2011 at 1:32 pm

    Way to go Derek! Congrats on the new book and congrats to MDJ for reviewing it….

  197. Priy on January 27, 2011 at 7:02 pm

    Wouldn’t mind reading this!

  198. Abraham on January 27, 2011 at 7:12 pm

    Sounds like an interesting book. I hope I win!

  199. mina on January 27, 2011 at 9:27 pm

    I’d love to read this.

  200. Mike on January 27, 2011 at 11:20 pm

    Sounds like a good yarn

  201. JP on January 28, 2011 at 12:22 am

    Just getting into divided investing. This would be an interesting read.

  202. Paul on January 28, 2011 at 12:23 am

    I would love to read his new book

  203. Dave on January 28, 2011 at 6:56 am

    Would love to have this book!

  204. Frank on January 28, 2011 at 9:21 am

    Let’s see how he is different from Jarislowsky, the canadian Warren Buffet

  205. Matt on January 28, 2011 at 9:25 am

    The book sounds very useful.

  206. Niki on January 28, 2011 at 10:31 am

    love to read it :)

  207. Connie Walsh on January 28, 2011 at 11:10 am

    I loved the one about dividends so I am looking forward to this one.

  208. Allison on January 28, 2011 at 11:45 am

    I would like to win the book so that I can learn to discuss investing with my husband!

  209. David on January 28, 2011 at 1:07 pm

    Would be interested in reading it.

  210. GG on January 28, 2011 at 1:11 pm

    I need all the help I can get with starting to invest in the stock market; I find it overwhelming.

  211. Marc on January 28, 2011 at 1:13 pm

    Hey … thanks for the opportunity. I am very interested in all Derek’s writings and advice.

  212. Richard on January 28, 2011 at 1:15 pm

    Would love to win this book!

  213. Gaurav on January 28, 2011 at 1:19 pm

    I want to know different ways of investing.

  214. Alberto on January 28, 2011 at 1:30 pm

    Read all Foster’s books before this one, would like to get hold of this one as well.

  215. FrugalGreenie on January 28, 2011 at 1:37 pm

    I want to know more.

  216. RRS on January 28, 2011 at 1:53 pm

    I have his first book, ‘Stop Working, Here’s How You Can’.

    I wnat this one as well.

  217. RRS on January 28, 2011 at 1:53 pm

    I have his first book, ‘Stop Working, Here’s How You Can’.

    I want this one as well.

  218. Matthew S on January 28, 2011 at 2:03 pm

    Derek Foster’s books have been interesting so far. I look forward to reading this one.

  219. Gene on January 28, 2011 at 2:11 pm

    Wow, lots of comments.

  220. rob on January 28, 2011 at 2:14 pm

    Hoping to win for a change.

  221. Judy on January 28, 2011 at 2:38 pm

    let’s hope for another winning book

  222. TTTSNB on January 28, 2011 at 2:50 pm

    Can’t wait to read it

  223. Howard Cowan on January 28, 2011 at 3:07 pm

    Sounds good to me – I’d love to have a look-see!

  224. Y on January 28, 2011 at 4:38 pm

    Interested to read the new book my Mr. Foster. One of his previous actually prompted me to start acting.

  225. Kevin on January 28, 2011 at 4:55 pm

    Would love to read it!

  226. Lisa on January 28, 2011 at 5:10 pm

    I would love to win this book

  227. Rob on January 28, 2011 at 5:42 pm

    Hopefully, pick up some great ideas

  228. Good Times on January 28, 2011 at 5:47 pm

    Derek’s strategy of picking dividend paying stocks is truely the correct way to invest in the stock market. Simply trying to buy low and sell high is very similar to playing the lottery, and usually has the same results.

  229. Nate on January 28, 2011 at 5:56 pm

    I like to win the book

  230. Hung on January 28, 2011 at 6:07 pm

    It is awesome that the book covers so many types of stocks. But I’d love to read Chapter 1, 13 and 14 most imho.

  231. Henry on January 28, 2011 at 6:18 pm

    I read his previous book. It was well written. Hopefully this is in the same style

  232. supersocco on January 28, 2011 at 6:58 pm

    Looks like I have a 1 in 122 chance of winning so far. Hey, that’s pretty good :)

  233. Vu Tran on January 28, 2011 at 8:12 pm

    What is your net worth when you retired? What do you think the minimum NW needed for retiring in Canada?

  234. Kelly on January 28, 2011 at 11:59 pm

    Big fan of Derek Foster!

  235. Nicola on January 29, 2011 at 12:10 am

    Would love to read this book. Thanks!

  236. Scotian on January 29, 2011 at 12:15 am

    Derek Foster shows how the average individual can become wealthy by paying yourself first and using this to make your money work for you.

  237. Sid. on January 29, 2011 at 3:43 am

    Your books aren’t available here in Mexico, so I have to beg my visiting friends to bring me your latest. Can’t wait to read “The Idiot Millionaire”

  238. Sandy on January 29, 2011 at 10:23 am

    Cheers, your an inspiration.

  239. jeff on January 29, 2011 at 11:18 am

    I want to win the book!

  240. NewInvest on January 29, 2011 at 12:14 pm

    Nice site for a very new small budget investor. Posting for first time. Would help to learn from a book like this. Thanks.

  241. Cal on January 29, 2011 at 1:24 pm

    I liked his book ‘The lazy Millionaire’ best!

  242. Steve on January 29, 2011 at 1:40 pm

    The book sounds great, I hope I win!

  243. Line B on January 29, 2011 at 1:46 pm

    Give it to me! ill probably never be able to retire without it! ;)

  244. Jon on January 29, 2011 at 2:32 pm

    Sure, I like free stuff.

  245. Bruno on January 29, 2011 at 3:36 pm

    I’m in for the draw!

  246. Dinu on January 29, 2011 at 5:08 pm

    Count me in for the free book please; I’m a big fan of MDJ.

  247. len on January 29, 2011 at 5:40 pm

    Would like to read your next book have read the others. Currently I am collecting just over $100 per month in dividends.
    Thank you

  248. Sam on January 29, 2011 at 7:10 pm

    Would love to read this inspiring (Derek Foster) author’s book with an inspiring title.

  249. Thomas on January 29, 2011 at 7:22 pm

    Would love to know how Derek thinks by reading this book and also like free stuff..:-)

    A man who thinks – strategises

  250. Igor Katkov on January 29, 2011 at 8:42 pm

    Looks like an interesting read!

  251. Pete Smith on January 29, 2011 at 10:35 pm

    Send me that book!

  252. Roman on January 29, 2011 at 11:01 pm

    Looks like an interesting book. Had a chance to look through it at a book store. Can’t wait to read it soon.

  253. Patricia on January 30, 2011 at 9:57 am

    I’ve read lots about him but never anything by him, would love to read this.

  254. Rob VH on February 1, 2011 at 6:20 pm

    I enjoyed Mr. Foster’s first book “Stop Working”. It was a light read, made some good points, laid out a simple and actionable plan, and provided inspiration from a young Canadian who achieved early financial independence.

    “The Lazy Investor” was redundant, in my opinion. “Money For Nothing” is a good addition to his overall strategy and I’ll probably end up buying “The Idiot Millionaire” for a friend even if I win one here. The books are inexpensive and are easy to digest for people who, unlike myself, don’t read a lot of financial books or forums.

  255. js_cooldude on February 7, 2011 at 11:23 pm

    Yay, free book!
    Sounds interesting.

  256. oxanacanada on February 24, 2011 at 12:51 pm

    This morning I heard Derek saying: “People brush their teeth every morning”. It actually gave me an idea about his “idiot proof stocks”. I was getting more and more interested about dividend paying stocks, but needed just basic knowledge from person who actually started from scratch and successfully built his fortune without high-paying job. Would be really nice to read this book.

  257. Maxine on February 26, 2011 at 1:27 am

    interesting, yet simple. genius!

  258. Chris on April 6, 2011 at 11:00 am

    Good title…considering the author is a massive idiot himself. After Derek completely contradicted his entire investing philosophy in 2009, why would anyone listen to a single word that he has to say?

  259. thedave2006 on April 17, 2011 at 9:30 am

    Confidence in yourself. You must have a plan and comfortability, veer too much away is not good. Ultimately, in and out before herd…..are you smarter than the buyer when selling and smarter than the seller when buying.

  260. richard-farris.com on August 4, 2011 at 7:53 pm

    I agree. Derek’s first book is also my favorite. I’ll be picking up this book mostly to learn how he fared in the 2009 bottom and his decisions to sell. I think the biggest “controversy” around Foster is how he can claim to be retired while cranking out investment books which give him more income to invest. Regardless, I love reading his books.

    Richard

  261. al on September 3, 2012 at 1:07 pm

    i 2 invest in cos and live off the income am disabled get pension i own this house so they work well for me

  262. NoOneOfConsequence on September 9, 2012 at 10:24 pm

    if everyone in the whole world did this…could we all “retire”?

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