I am currently embarking on my DRIPping investment strategy. I purchased a couple of shares on the exchange board the author recommended. With the current global economic downturn, I believe this is an excellent time to invest in the stock market AND find a way to minimize your expenses. Money tucked away in a mutual funds set up for retirement dropped signifigantly for many people yet you still have to pay management expenses (MER). Mr. Foster shows an excellent strategy to minimize investment fees and, if focusing on dividend income, ways to minimize taxes. I encourage every Canadian to read this book.

It might be controversial whether DRIPing is going to sustain one to have an early retirement. Nevertheless, this book provides a good alternative for some simple long term investing for regular folks. The idea that impresses me most was not about how early the author got to early retirement, but his definition of retirement that was revealed in the book - not about having unlimited material possession or "n" million of money in the bank, but the humility and satisfaction of understanding what is enough. I like this book.

With all due respect to other reviewers, this book is a) a straight forward read and b) pretty darn accurate.

Looking at the plan he lays out in this book -- using DRPs coupled with SPPs your investment quickly becomes sizable.
Look at the major Canadian banks: BNS dividend .50/share/quarter that means at 100 shares ($4850.00 roughly) you will be receiving 1 additional share every quarter. Assuming that you continue to invest regularly (say about 375-400 dollars per month -- remember pay yourself first, let the bill collectors wait) you will receive 4 "free" shares in the second year (plus partial shares from the year before) 8 "free" shares the third etc... And that's not looking at splits, dividend increases, partial share reinvestment etc. At 2500 shares (his average recommendation in his first book) you would receive a quarterly income of $1250 dollars -- now multiply that by the number of companies in your portfolio (Say for example: BNS, CM .87/share/quarter, BMO .70/share/quarter, REI.UN .11/share/month, and NA .62/share/quarter) is roughly $6250 per quarter (three months) which is over $2000.00 a month.

I say its definitely achievable -- My wife and I have already started, we have an 18 year plan. Its a long term plan, but that is his point in the book -- this isn't a get rich quick scheme its a retirement plan. And according to Canadian law its a retirement plan you can pass on to your children (Securities can be directly transferred at death).

Now having said all that, I wouldn't stop with this plan -- I'm greedy -- but he also has a list of books for his readers in the back and I highly recommend reading them. Look into things like incorporating, rental properties etc... Very useful, all of it.

DO IT YOURSELF! I have read a lot of books on investing, and this is the one that I would recommend first to anybody. The concept is so simple. Forget day trading and get rich quick nonsense. Anyone who is serious about securing their financial future should consider the fundamentals that this book outlines. This is the strategy that I am going to follow.