EP92: Interview with Investor Mike Drak

In this episode, I interview Mike Drak a dividend investor, author, public speaker, and a recognized authority on retirement. We talk about how to invest, and how to plan for your future.Based out of Toronto, Mike has published 3 books on retirement. He spent 38 years in the financial services industry and retired at the age of 59. Today’s he working on his 4th book and training for the Iron Man competition. We discuss investing on your own, and how to plan for your retirement. You’ll find today’s episode both educational and inspiring.I also cover the following topics in this episode:- How Mike got started with dividend stocks- How do you define a quality dividend stock?- What are virtual monopolies?- Invest in what you know, ignore the rest- How to lower your risk- Low cost investing- Why remain 99% invested in dividend stocks?- Are you changing your approach to investing in this economic climate?- Taking a long-term perspective - Why should you start planning for retirement sooner than later?- What is the retirement trap?- What is retirement shock?- Why are some people unhappy at retirement?- How do you find your passion and purpose in life?- Why are you giving away your books for free?- What are the 9 retirement principles?- Why did you decide to compete in the Iron Man competition?- How do you separate from your work identity?- Describe your first 3 books- What is Ikigai?How to get in touch with Mike:1. Two free books can be downloaded here: https://getbooks.boomingencore.com/2. Instagram account: https://www.instagram.com/retirement_rebel/3. LinkedIn: https://www.linkedin.com/in/mike-drak-6b401095/4. Website: https://boomingencore.com/Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. Simply Investing Incorporated nor the author and guests shall be liable for any loss of profit or any commercial damages, including but not limited to incidental, special, consequential, or other damages. Investors should confirm any data before making stock buy/sell decisions. Our staff and editor may hold at any given time securities mentioned in this video/course/report/presentation/app. The final decision to buy or sell any stock is yours; please do your own due diligence. Stock buy or sell decisions are based on many factors including your own risk tolerance. When in doubt please consult a professional advisor. No advice on the buying and selling of specific securities is provided. All trademarks, trade names, or logos mentioned or used are the property of their respective owners. For our full legal disclaimer, please visit our website.