There is almost no worse feeling than taking a shower with no hot water! I recently had this happen to me on a Saturday. I went to check on the water heater and noticed water coming out of the top access panel (not good!). That is not supposed to happen! I had previously changed out the bottom heating element for the unit, but this was obviously a bigger issue. After 16 years of use, it was due to be replaced.
We are all human and err from time to time. The key is to learn from the experience and not make the same mistake again. I will discuss my biggest investing mistake and what I have learned from it.
We have all seen the investing advice: buying this stock will make you rich, and this stock will set you up with a long term dividend income stream. When I started investing, I listened to this advice….and I paid for it, literally!
One of the reasons I created this site was to share my journey and to give myself accountability by sharing results.
When you are on a journey, it is important to know where you are and where you are going. If you are on a trek, there are tools you can use such as a GPS device or a map (or both!).
For personal finance, it is about setting personal goals and tracking progress. If you don’t set a goal, then you are just wandering around, directionless.
I am continuously working to adjust my investing style. I wanted to have a post to investigate Dividend Growth Investing.