As the New Year is approaching we all want to be winners and hopefully you have more wins than losses, but we are human. In striving to be a little better we like to be inspired. In a book review by Harvey Schachter of the Globe and Mail reviewed Larry Weidel’s book Serial Winner.
Mr. Weidel believes the 5 step approach is the best and they are:
- Decide
- Overdo
- Adjust
- Finish
- Improve
The first thing to do is decide to start the journey. Whatever your project or thing to do is – decide to begin. You have a great idea begin to work on it.
The second thing is we often underestimate the time and effort need to accomplish what we want to do. Be prepared to overdo it.
Understand by overdoing it, you have to think like a singles hitter in baseball. A very good batting average is .300; outstanding is .400 which means not doing 2 out of 3 times. You will need a Plan B. Winning is a series of adjustments.
At the finish line, cross it. Do not stop before you are finished.
The fifth level is celebrate your finish and move on to the next level or to keep improving. Always be improving till you are 6 feet down in the ground.
Linking to dividend paying stocks, simple instructions or ideas are sometimes the hardest to implement. In your investing strategy try to bring the reasons to simple ones with the flexibility of adjustments along the way as you learn. Trying to improve should be the continuing New Year’s resolution.
There are more questions than answers, till the next time – to raising questions.
dividendprovides 