Eat the Frog First

You learn something new every day, if you're paying attention. For example, the other day, as I was passing through the Fool's Get Organized discussion board, I learned from board denizen BklynBorn about an old saying that goes, "If the first thing you do when you wake up in the morning is eat a live frog, then nothing worse can happen for the rest of the day!"

I love that. It's rather true. And it's applicable to our financial lives.

Think about your financial to-do list. It probably includes things like these:

Now think about how you deal with this list. Many people will prioritize it and then just keep spinning their wheels, not wanting to really do the most important item. Others will look at the list and do some of the items but will just keep putting off the ones that seem more difficult.

If you have trouble checking off all of the items on your list, keep in mind that most of them are not that hard to do. You can probably set up your 401(k) in an hour at work, for example. You'll get some forms and fill them out. You'll choose some funds in which to invest your money. To address your estate-planning needs, ask around for recommendations of good financial advisors. Talk to a few and get some ideas and see whom you feel comfortable with.

Chasing dividends
For dividend payers, a simple stock screen will give you candidates for further research. At MSN Money, for example, I screened for stocks with a dividend yield of at least 3%, net profit margins of at least 10%, and expected average annual earnings per share (EPS) growth of 10% over the coming five years. Here are some results:


Dividend Yield

Net Profit Margin

Est. EPS Growth

GlaxoSmithKline (NYSE: GSK  )




Quality Systems (Nasdaq: QSII  )




Nokia (NYSE: NOK  )




Harley-Davidson (NYSE: HOG  )




Philip Morris Intl. (NYSE:  PM  )




Capital One Financial (NYSE: COF  )




Unilever (NYSE: UL  )




Source: MSN Money.

Of course, if you don't have the energy to dig up your own strong and growing dividend payers, consider letting us point you to some. Our Motley Fool Income Investor newsletter features plenty of promising stocks with yields topping 6%. (Try the newsletter free for 30 days.)

Easy items
Contributing to an IRA and crossing that off your to-do list is also easy. You can get an IRA application or contribution form from your brokerage's website. Print it out, fill it out, and mail it in, with a check. (If you don't have a brokerage, or you aren't thrilled with the one you have, learn more about finding a good one in our Broker Center.)

You can invest your IRA money in individual stocks or in mutual funds, or a combination of the two. To maximize your money, consider parking income-generating investments in your tax-advantaged accounts. Bonds, for example, pay interest that's often taxable at your top marginal rate. Having dividend stocks in your IRA means you can put off paying tax on the dividends -- or, with a Roth IRA, not pay taxes on them at all.

The bottom line
Remember that most or all of the things on your financial to-do list are critical. Your future depends on them, to a significant degree. Ignore them or keep putting them off, and you may have a yuckier retirement than you'd like. Tend to them now, and you may end up able to dine on steak and vacation more often than you expected in your golden years. You may even end up discovering that some of the items are fun to do. Investing in and following stocks, for example, can be exciting.

Your days can be very pleasant and rather aggravation-free, if you eat that frog first thing in the morning and then get on with more pleasurable things.

Longtime Fool contributor Selena Maranjian owns no shares of stocks mentioned in this story. Unilever and GlaxoSmithKline are Motley Fool Income Investor picks. Quality Systems is a Motley Fool Stock Advisor recommendation. The Motley Fool is Fools writing for Fools.

Read/Post Comments (1) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 28, 2008, at 1:31 PM, gettyupandgo1 wrote:

    I'm concerened that MSN may have the 5yr growth rate for GSK wrong. I checked two other sites, Investools and Yahoo, and they have the 5 yr growth rate at 6% and 4% respectively. Could someone confirm the 46% that MSN has to be correct?


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