Passionate Pursuit of Purpose

Start poorly and learn fast

Posted by on Nov 21, 2013 in Character Development, Finding Destiny, Personal Finance | 2 comments

This is a response to Robyn Smith’s article where she mentioned “anything worth doing is worth doing poorly.”  Often we don’t really learn how to do something well until we start doing it.Opportunity

Before I started investing in stocks I spent 1 year researching and doing mock portfolios.   I read books, watched CNBC.  I read financials and research reports.  None of that really prepared me for actually investing my hard earned money into the Stock market.

I learned more in the first 6 month of investing with my money, than I did in my entire year of research.  There was nothing to prepare me for the emotional aspects of investing in the market.  I reacted so different when it was my money on the line.

I have been in and out of the market for about 12 years since my initial foray.  I am a much better investor.  I have a greater understanding of how markets work.  Over my first year of investing I spent (lost) about $1,500.  If I had never started, I would have never had this understanding.

Just Start Already

I started poorly, but learned vital principles that have saved and made me (and my parents) some substantial sums of money since.  (Full disclosure: one of the key things I learned is; invest first in assets where you have more control over the risks)

If you really have a passion for something… Start doing it. I recommend the book “Start” by Jon Acuff if you are looking for additional reasons to Start.  It is great for helping you start no matter where you are currently in your life.

Once you start, constantly learn and grow. Don’t stop just because it gets hard, or you lose a little money.  Those initial losses are sometimes the cost of your education.  The profits come after you have learned those lessons.  Take what you have learned to move toward greatness.

Question:

What has held you back from Starting?

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  • Trust your ideas. William Kamkwamba wanted to build a windmill to generate electricity. He had no one to teach him but he found a book that had illustrations and he learned by doing. William got started, constantly learned and grew, and would not stop!

    Watch this short TED talk to see what this kid was able to achieve. http://www.ted.com/talks/william_kamkwamba_how_i_harnessed_the_wind.html

    William has not stopped yet.

  • Robyn Smith

    J.B., your experience is exemplary of the achievements that can be won with courage and patience. It certainly takes both! I especially appreciate your concept of initial losses being the cost of education. My husband often refers to “opportunity costs”. For myself, the verse about wisdom being better than gold, insight better than silver (Proverbs 16:16) has helped me continue forward victoriously even after seeming financial loss. Thanks for the example!