Last week, I wrote about how a major cause of failure is simple: not working hard enough. If you’re only spending 30 minutes per week at the gym, your specific exercise plan doesn’t really matter. You aren’t reaching the minimum effort threshold needed for success. The idea that all goals have a minimum effort threshold […]
Archives for March 2009
Friday Links 09-03-27
From the Web I Will Teach You to Be Rich, Released – Ramit’s first published book went on sale this week. I received a few advance press-release chapters, and I’m looking forward to reading this book. Unlike other personal finance books which either focus on obtuse speculation tips or silly suggestions for saving money on […]
How I’m Creating an Emergency Fund with One Year of Income
One of my major goals in life is financial freedom. For me, this doesn’t mean having a lot of money. Financial freedom simply means I’m secure enough financially that I don’t need to worry about having money. Setting up an emergency fund with at least one year of income is a big part of this. […]
Execution is More Important Than Planning
The perfect plan, poorly executed, will fail. A lousy plan, well executed, is often successful. It may seem obvious, but way to fix a failure is often simple: work harder. If you fail to lose weight on a diet, is your diet the problem? Or is the problem that you didn’t follow it consistently enough? […]