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How do you steadily but surely climb the ladder of successful investing?
Today I’m talking about a topic that is very important to me personally, namely how to learn to invest slowly but surely.
The thesis behind this for me is that with certain habits — you could also say with certain processes that you have under control — you can definitely achieve a certain level of prosperity. But the most important thing is that you have your habits, your process, your tools for investing under control and that you learn little by little and don’t skip any steps, otherwise you can really fall flat on your face.
I would like to show you something:
This is the so-called PDCA cycle. PDCA stands for Plan do check Act. This comes actually from quality and process management — I was a quality and process manager — from the continuous improvement process, as it says here on the Wikipedia image.
The idea is that you have certain habits (processes) under control and standardized.
Of course, this actually comes from business, just imagine a production company.
I see it in this way, especially for my knowledge of investment processes, but I also apply it to other habits, including kung fu training.
Kung fu is actually about exactly the same thing.
It’s about constantly improving your habits, your discipline and achieving better results.
Once you have mastered the necessary things, you can work your way up to a new level.
But you shouldn’t try to achieve better results or take on more difficult tasks or challenges until you have mastered the current level. Otherwise you can really fall flat on your…
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