Over on The Dividend Ninja, I’m running a book giveaway for Cash Cows, Pigs and Jackpots. This the new book by David Trahair, one of my favourite financial authors. Many of you may already be familiar with Trahair’s work, as he is the author of the national bestseller Enough Bull. Last December I also reviewed David Trahair’s Crushing Debt, and I had nothing but praise and regard for the book!
In Cash Cows, Pigs and Jackpots, Trahair brings to light the concept of cash flow. It’s really the entire thread that ties the book together. Everyone has a good idea of what a cash cow is. Investopedia defines a cash cow as “a business, product or asset, once acquired and paid off, will produce consistent cash flow over its lifespan.” Dividend stocks held for the long term, which pay consistent quarterly dividends, is an example of a cash cow.
A cash pig is the opposite of a cash cow. It’s something that consistently drains cash from your pocket, and reduces your cash flow. As Trahair points out in his recent book, cash isn’t king, cash flow is king! Trahiar brings to light how Canadians can apply the concepts of cash cows and cash pigs to their ordinary lives, and improve their finances! Although written for a Canadian audience, the book will also appeal to American investors and those interested in personal finance.
I’ll only be drawing from readers who post a comment on The Dividend Ninja. I’ll close the comments on Sunday December 9th, 2012. So be sure to head over to the Dividend Ninja and enter your comment for the draw: