Stop collecting useful information
Have you ever been interested in opening an IRA, learning to invest in stocks, or starting a small business? (Or interested in any other subject that you don’t know much about, for that matter?)
What’s your first step?
If you’re like me, your first step is to begin learning about the subject. For example, if I was interested in opening an IRA for the first time, I might ask questions like these:
What do I need to know to open an IRA? What is an IRA? What are the pros & cons? What companies offer them? What’s the minimum amount I need to open one? How do I open one? Where is the best place to open one? Etc.
There are so many questions there to be answered. And there’s a LOT of information out there on pretty much any topic you can imagine (some of it more valuable than others.)
In fact, the more complicated or intimidating whatever it is that you’re wanting to do is, the more information there is to be gathered.
But sometimes you have to stop collecting useful information and begin using what you’ve gathered.
After a certain point, information-gathering becomes a way to procrastinate. You don’t NEED to be an authority on a subject before taking action on it.
If you find yourself taking notes on 12 different ways to do something, it’s probably time to just pick one and give it a try.
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