I just got the results from my recent blood work and my
cholesterol came back at 207. It is about the same it was three
years ago, but I need to dedicate a bit more time to exercise and
taking care of my body as I do my finances. Without health, what
good is wealth?
I was never a big fan of going to the doctor (who is?), but as I
get older and have much more responsibility (family, thousands of
Dividend.com Premium subscribers, etc.), I need to step up being
proactive when it comes to health. I am probably one of the few
Italians I know that doesn't eat fish - not a great thing when you
are trying to bring down cholesterol levels. It's time to cut back
a touch on the pasta and hit the treadmill more. Hopefully everyone
out there is trying to pay attention to health and fitness as well.
We all need each other on our "A" game.
We are now entering earnings season and this is where there
could be some stomach-turning action in the markets. There will be
some good news that gets rewarded and some good news that gets
sold. It's always hard to pinpoint why the moves happen as they do
sometimes, but just try and hang in there. I am always happier when
earnings season is nearing the end for each quarter, so I can
examine where the overreactions occurred or where the news may be a
bit more gloomy than we like for names that could be on our
As for today's action in the markets, we saw some significant
selling in more of the growth plays for a change. Earnings results
jolted several big-name financial plays, including State Street (
), Northern Trust (
), and Goldman Sachs (
). Fertilizer play Mosaic (
) took a hit as agribusiness giant Cargill may be planning to
relinquish its majority control in the company. Selling spread to
other names in the sector, including CF Industries (
) and Potash Corp (
). One of the few bright spots that stood out was IBM Corp (
), up nicely following the tech giant's earnings results.
We'll continue to monitor the markets closely as we have been
and will keep subscribers alerted to any changes we make on our
Continuing with yesterday's theme, here are some more common
money excuses people use and my response to them:
Excuse #6 - "I'll pay it off next month!"
This is where the credit card companies really get you. The minute
you start falling behind is when the fees start to pile on. Pay it
off quickly and learn to be consistently responsible.
Excuse #7 - "Old cars just aren't safe."
This is where having a good and trusting mechanic can pay big
dividends (pun intended). Stay up on your regular oil & filter
changes. State inspection regulations have become less strict so
more cars are passing, but don't let this fool you into thinking
you can skip car maintenance. Leasing cars is a great win for car
dealers, but generally not for most consumers.
Excuse #8 - "I'll start my budget next month."
Again, procrastination is a big enemy of the investor. The "budget"
word may not be too sexy, but there are great sites out there today
that make the task a bit less of a drag. Mint.com is one of the
more popular places to check out.
Excuse #9 - "I work hard so I deserve to have it!"
Nothing wrong with that. Just work a bit harder if you want the
finest things in life and make sure you are earning enough money
that the spending doesn't create a big hole.
Excuse #10 - "I want my kids to have it better than I did."
When it comes to education, definitely. But other material things
are just that and will not make your kids love you more. Ask most
any parent and they will agree.
You can check out yesterday's daily newsletter for my responses
to the first five money excuses.
Please check out
if you are interested in pre-ordering my book "Be a Dividend
Millionaire." The e-book is due out in mid-February and the print
version will be out May 12. And as always, check out our
Best Dividend Stocks List
for the top dividend names to put money into right now.
Thanks for reading, and I'll see you tomorrow!
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here