With a new year comes new opportunities, new ideas and new journeys. It's a fresh start! I look forward to the beginning of every year to sit down and review some of the things I accomplished over the last year and try to list a few things I'd like to accomplish over the next 52 weeks. I think that investing in dividend growth companies can be extremely rewarding, but one must stay patient and focused.
I'd like to encourage all novice and expert dividend growth investors out there to stay focused on your plan, whatever that may be. For me, I plan on saving well over half my net income every single month in 2012 and investing those excess funds in attractive dividend growth companies. Every time I invest money with a quality company at an attractive price it provides me just one more cog in my dividend growth machine. If your plan involves adding to a certain sector, diversifying your portfolio further, adding to a certain position or investing a set dollar amount then stay focused and stick to your plan. If you fail to plan, you plan to fail.
Three tips to help you stay focused in 2012:
1. Put your goals down on paper. This forces you to realize your goals in a physical form and puts a commitment into place. If a goal only exists in your head, it's easy to forget.
2. Set monthly targets, which all inch toward a yearly goal. I set monthly savings and investment goals, which then translate into yearly amounts. It's much easier to keep track of your progress in monthly tallies.
3. Tell everyone you can about your goals. Tell the world! Shout it from the rooftops. It'll motivate you to save face and stick to your plan if everyone knows about what you're trying to accomplish. If only your pet cat knows about your plan, it'll be easy to let poor Cuddly down.
Let's make 2012 a success!!
Thanks for reading.
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