Tuesday, January 9, 2024

Atomic Habits - 3 Takeways

I'm the proud owner of one of 15 million copies of Atomic Habits by James Clear that has been sold since being published in 2018. I re-read the book in an effort to get 2024 off to a good start, and wanted to share three quick takeaways:

Four Laws of Habits
To increase the adoption of good habits, you can make them obvious, attractive, easy and satisfying. In contrast, to decrease bad habits, make them invisible, unattractive, difficult and unsatisfying. After re-reading, I got the idea of "habit stacking" (adding a new habit after an existing one) to start adding teeth brushing to my habit of flossing and using mouth wash while bathing my kids. This has allowed me to stop snacking after supper, as even the most delicious snack tastes less appealing post-brushing.

Don't Let Habits Become Too Much of Your Identity
My simple brain has tried to classify myself according to past habits that grew too large (ultimate frisbee, running, reading, dividend growth investing, etc.). James Clear makes the case for keeping our identify fluid, and not letting any one habit become too much of a part of ourselves. In that spirit, I thought I'd write about this book I love in my dividend blog. 

Aim for a Majority, Not a Sweep
Like everyone, I have bad habits I'm trying to vanish. James Clear uses the metaphor early in the book that every time you perform a good habit, or skip a bad one, you could see it as a vote for the type of person you want to become. He goes onto explain that instead of aiming for perfection, we should be happy with a majority, cause it's impossible to earn everyone's vote in an election. This is a lovely metaphor that I posted on my laptop so that I take it easier on myself going forward.

Since you've read this far, the last tidbit I'm being contemplating lately is how to make more desirable habits into a two minute version. Knowing that doing something easy is better than doing nothing, and taking a step in the right direction will cause some momentum, I'm aiming to try two minute versions of various habits this year.




Monday, January 1, 2024

Goals and Books

Happy new year! Here's hoping your 2024 is off to a great start. After barely posting the last couple of years, I decided to not renew the dividendsinhand domain and go forward with blogger instead.  

Goals:
I'm glad to report that I achieved my 2023 goal of adding $3,200 of dividend income, even if I fell a little short of my 5.0% target for organic dividend growth (4.63% at year end).

For 2024, I'm going to target the same $3,200 increase in forward dividend income and make an effort to achieve a 5% organic dividend growth rate. Complicating factor is I only plan to invest about a third of my contributions + dividends + starting cash balance into dividend growers in 2024. The other thirds will be placed in a Canadian index fund and "compounders" (think Constellation Software, in which I've slowly grown a nice position).  Reasoning is to keep taxes down.

Additionally, I'll continue to look to spend my money on things that create memories for my kids and wife. Likely some trips, hockey games, concerts, and similar experiences. I got better at doing this over the past 12 months, and I'm committed to upping my game in 2024. Also looking to keep investing in my health (dumbbells, running shoes, ski pass, tournament fees for volleyball and ultimate, etc). 


Books:
A friend and I track our reading via a Google sheet and I was surprised to reach 82 books in 2023. In case you're a fellow reader, listed below are the books I read, along with my rating out of 5. 

Run Rose Run - Dolly Parton & James Patterson (3.5)
Hello World - Hannah Fry (3.5)
The Other Emily - Dean Koontz (3.5)
Beyond the Wand - Tom Felton (4)
Beartown - Fredrick Backman (4)
Get it Done - Ayelet Fishbach (3.5)
Sparring Partners - John Grisham (4)
Desert Star - Michael Connelly (3.5)
Forever Terry - Various (3.5)
Klara and the Sun - Kazuo Ishiguro (3.5)
Mindset - Carol Dweck (3.5)
My Squirrel Days - Ellie Kemper (3.5)
Us Against You - Fredrick Backman (4)
The Shallows - Nicolas Carr (3.5)
The Intelligent Quality Investor - Long Equity (3.5)
Long Shadows - David Baldacci (3.5)
Hello Molly! - Molly Shannon (3.5)
The Bond King - Mary Childs (3.5)
The Creative Act - Rick Rubin (4)
The Winners - Fredrik Backman (4)
Tomorrow and Tomorrow and Tommorrow - Gabrielle Zevin (4.5)
The Acquirer's Multiple - Tobias Carlisle (3.5)
The Boys from Biloxi - John Grisham (3.5)
Hench - Natalie Walschots (3.5)
Friday Night Lights - H.G. Bissinger (3.5)
The 12 Hour Walk - Colin O'Brady (3.5)
The Game - Ken Dryden (4)
The Legend of Bagger Vance - Steven Pressfield (4)
This is What it Sounds Like - Susan Rodgers (3.5)
Good for a Girl - Lauren Fleshman (4)
Anxious People - Fredrik Backman (4)
When the Game Was Ours - Jackie MacMullan (4)
Billy No-Mates - Max Dickins (3.5)
The Adventures of Amina al-Sirafi - Shannon Chakraborty (3.5)
Friends, Lovers, and the Big Terrible Thing - Matthew Perry (3.5)
Building a Second Brain - Tiago Forte (4)
The Storied Life of A.J. Firkry - Gabrielle Zevin (4)
Less - Andrew Greer (3.5)
The Terraformers - Annalee Newitz (3.5)
Chaos Kings - Scott Patterson (3.5)
The House Next Door - James Patterson (3.5)
Elsewhere - Gabrielle Zevin (3.5)
Fundamentals of Corporate Credit Analysis - Blaise Gauguin (3)
The Greatest Salesman in the World - OG Mandino (3.5)
The Art of Learning - Josh Waitzkin (3.5)
Young Jane Young - Gabrielle Zevin (4)
When McKinsey Comes to Town - Walt Bogdanich (3.5)
How to Host a Viking Funderal - Kyle Scheele (4)
Dark Angel - John Sandford (4)
The Longest Race - Kara Goucher (3.5)
The Wild Things - Dave Eggers (3.5)
All These Things I've Done - Gabrielle Zevin (3.5)
The Nineties - Chuck Klosterman (3.5)
The Road - Cormac McCarthy (4)
Elon Musk - Ashlee Vance (3.5)
Fundamentals of Corporate Credit Analysis - Arnold Ziegel (3)
Michael Jordan The Life - Roland Lazenby (4)
Carrie Soto is Back - Taylor Jenkins Reid (4)
Camp Zero - Michelle Min Sterling (4)
Both Flesh and Not - David Foster Wallace (3.5)
From Strength to Strength - Arthur Brooks (4.5)
SuperBetter - Jane McGonigal (3.5)
Discipline is Destiny - Ryan Holiday (4)
Raffi: The life of a children's troubadour - Raffi (3.5)
The City of Brass - S.A. Chakraborty (3.5)
Surely You're Joking Mr. Feynman - Richard Feynman (4)
Going Infinite - Michael Lewis (4)
Clear Thinking - Shane Parrish (4)
L'Ickabog - JK Rowling (4) in French
The Sparrow - Mary Russel (4)
Murakami T: T-Shirts I Love - Haruki Murakami (4)
Hidden Potential - Adam Grant (4)
Norwegian Wood - Huruki Murakami (4)
Of Boys and Men - Richard Reeves (3.5)
Colorless Tsukuru Tazaki - Haruki Murakami (4)
The Secret - Lee Child (4)
Same as Ever - Morgan Housel (4)
Writing for Busy Readers - Todd Rogers (4)
Wind / Pinball - Haruki Murakami (3.5)
Things My Son Needs to Know About the World - Fredrik Backman (4)
The Real Work - Adam Gopnik (4)
Dead in the Water - Kit Chellel (4)