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Weekend Edition – No More Playing for Next Year

By Dividend.com September 23, 2012, 08:18:54 AM EDT

Being a New York Mets fan and the way the team is playing right now, I am having flashbacks to the 1975-1984 time period where every September the team would already be out of contention and the team would call up the many promising rookies they had, all with the idea the organization and its players would compete hard, under the tired announcers' adage of "playing for next year".

There was always hope the following year would be different and it brought more of the same dashed hopes and extra pain knowing the crosstown rivals New York Yankees would almost always field a winner. Fast forward to the last 3-4 years and the same cycle has emerged. Why do I bring this up? One, I guess it helps to vent when you're a diehard sports fan, but more importantly the idea of playing for next year gets into a deeper thought process of what many still do in their own personal/professional lives.

There is always that one or two things we talk about doing - getting a new career, new job, opening a business, saving money so you can begin investing, work on our health and physical well-being, finding Mr. or Miss Wonderful, and so on. Like watching the crosstown rivals, there are plenty of reminders of those seeing great levels of success all around us. Think about the family functions where there is always a scoreboard-like conversation of how cousin Bobby and sister Dana are crushing it in their careers, and then the magnifying glass is pointed to the direction that may not be doing so hot and you will hear the "when are they going to get their act together" summation almost on queue.

Lots of times, just the thought of trying to be one better than those around you can stop someone in their tracks before they can even get started. In sports, losing is often termed as contagious. It infects those who are in the environment and doesn't get cured until that special one or two players come in and change the dynamic of the situation. It can be with a wide-eyed rookie who knows know better or in a trade for a veteran that can add a new perspective to the clubhouse. How many times have we seen bad teams trade for veteran players that have had a great level of success, just because they want to instill a new level of confidence to a team that doesn't know much about winning.

For anyone out there or anyone we may know of that has not been able to get out of the proverbial funk, it is important to understand how critical it is to begin to think about making those necessary changes to not only get progress in motion, but to build the confidence needed for the all-important momentum swing that can carry one from little incentive/hope to a feeling of pride and accomplishment.

You see, every year you decide to ease up assuming things will get better next year, the longer the fix will eventually take. In a world where opportunities are getting slimmer, time isn't so much on one's side as you may believe. Having a sense of urgency is needed if you are to be the one many will one day start emulating.

I can't tell you how amazing the feeling is when we get e-mails at Dividend.com telling us how ecstatic people feel about the portfolio returns they have been receiving with dividend investing. It's like a light has been turned on and there is hope and a belief that one can manage their own investments and not get burned as is often the case. I can tell you that just the idea of seeing solid returns begets other successes in life, with no exaggeration. Just as losing can be contagious, winning is even more contagious. At one time or another, some of us will have decided losing money in the markets or poor financial decisions will no longer be tolerated, and that is when the key moment in our lives begin. For Mets' fans sakes, let's hope the team's top brass is watching the awful play and figure out a plan to avoid a repeat of the doldrums of times' past.

Keep these thoughts in mind as some of us embark on a new journey for success, while others try and maintain the level of achievement we have grown accustomed to.

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And here's one last thing to remember about what we do here at Dividend.com. It's not just the names that we recommend that can help you build wealth, but also the things we try to steer you away from that are just as important. Forget about speculative or penny stocks, chasing unprofitable IPOs, and listening to the manic talking heads in the business media!

Thank you for sharing part of your weekend with me, and please be sure to pass this post on to anyone you think we can get inspired and educated about money, building wealth, and using common sense to do so.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

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