Thursday, January 8, 2009

Gmail - Do as Experts Say, Not as They Do - WSJ.com - Sent Using Google Toolbar - shekharkashyap@gmail.com

Gmail - Do as Experts Say, Not as They Do - WSJ.com - Sent Using Google Toolbar - shekharkashyap@gmail.com: "My point here isn't that these financial luminaries are hypocrites but, rather, that they are human. We all need help living up to our best intentions.

It is easy to make a resolution to research your investments more, trade less, cut your costs, sell your underperformers, put your money into index funds or take no risk you don't understand. But intention is a lot easier than implementation.

To turn a resolution into resolve, write down exactly what you plan to do, along with the time and place when you will implement that intention ('next Sunday morning at 10:30, at the desk in my study, right after we get home from church'). Include a mental 'packing list' of any information or resources you will need to implement your plan of action.

Finally, make a point of telling someone else what you have resolved and when and how you will enact it. Going public makes going through with it easier"

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