Dear Smart Investor,
Welcome to 2024! Have you thought about your New Year’s resolutions yet?
For me, it’s all about broadening my horizons by diving into diverse topics through the joy of reading.
I’ll let you in on what I am reading now: “Atomic Habits” by James Clear— this book that not only aligns with my goal of cultivating positive habits but also provides practical insights applicable to various aspects of life, including smart investing.
Whether you’re a seasoned investor or just starting, these insights can make a real difference in your financial journey.
The process of building a habit
Building habits requires a process known as the “habit loop”.
As the name implies, it is a reinforcing loop that grows stronger as you apply it more often.
The loop comprises four distinct steps – cue, craving, response, and reward.
- A cue will trigger a craving, which then leads to a response (action).
When this response is executed,...
