What’s Your Investing Resolution?
I saw this post on “How to Test Response” and equally importantly a video about a kid in India who knows quite a few languages (in this case an understatement) to sell his peacock feathers.
If you cannot see the embedded video, go to the link here: Lingo Kid.
If you didn’t click go and see the post by Ramit, do so. It may not look investing related, but it has the same principles.
How do you trust what you are doing is correct?
You can go back to first principles, to test and see the results or just lie to yourself. The second option is easier.
In the post he has crystalised how to change something to doing these four things:
- Just do something different
- Acknowledge that knowing is not enough
- Chunk it. Break it up to easier bits and do it bit by bit.
- Test it.
So if you aren’t an investor. It’s time to be one. If you aren’t a saver. It’s time to do something different.
Set targets for things you aim to do and break it up to bits and pieces so that it is easier to do it. Save $25 more a week. In 4 weeks it’d be $100. In a year it’s $1300 more.
It’s puny but it could be the start of your investment monies.
For me, after reading the post and watching the video where the little kid puts all the salesmen and saleswomen I have known or seen to shame, my resolution is to test my ideas for investing and note it down.
This helps to crystalise the investment thoughts and ideas that I have to see if it works in the real world.
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