Habits

We happened to come across this wonderful piece about habits in the book - Atomic Habits... by James Clear. It resonated so much with us and it looked so true as well. We just would not take the thought out of our mind once we read it. Please read it for yourself, before I continue my charade -


        Remember what our own Charlie Munger Said - "Invert, always Invert"

James above talks about continuing a habit but when it comes to personal finance, forming a habit itself is a big challenge and here's our "inverted" version how to simply - Start the habit of savings 

Just try to do it twice - start immediately to save for next 2 months. 

If you start once, you had get back to it twice naturally. Just make sure the 1st one happens, the 2nd one will happen automatically in a row. Maybe you'll struggle with your finances for the 1st month but you'll follow up with a plan for the 2nd month. You can't be perfect but You can avoid "not starting at all". As soon as the 1st savings get started, It will get the next one started. 

The 1st saving will never happen but it needs you to start it. It then starts a spiral of repeated savings that wealth follows. Starting once is a effort and 2nd one becomes a New Habit. 

This effortful 1st one is what distinguishes the financially successful from a financial- struggler. Any one can postpone the 1st attempt, 1st saving or the 1st Investment. But successful people don't count the endless postpones but make effort to start the 1st one . The habits so far does not matter, if you make that 1st start, however big or small, now



For any financial Planning queries, please contact Droplet Wealth at invest@dropletwealth.com.

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