Monday, June 10, 2013

Step On It: Analysis Paralysis

Of course we have all heard of analysis paralysis. It's something that I see a lot of with new investors. They get so overwhelmed about learning the new material they are given that they stay stuck at that stage of learning.

Wikipedia says it well. "Analysis paralysis or paralysis of analysis is the state of over-analyzing (or over-thinking) a situation, or citing sources, so that a decision or action is never taken."

In fact, by never moving forward from the leaning process, you are actually limiting your learning. That's right, by continuing to only learn about investing you actually learn less. Robert Kiyosaki has demonstrated that with the cone of learning.

The cone of learning explains how much is absorbed from the material that we read vs the material that we hear vs the material that we see and the material that we put to practise.

So by not applying the information we learn, we might as well never bother to learn it at all. Of course the books are good, the seminars and demonstrations; but it's important that we plan to take action and make sure that we actually do it. If you wait until you are fully confident you will never do it.

So this week, if you haven't already, start taking action and become great.