The Kaizen way of life
Every year you quit New Year's Resolutions by March.
Overcome this by adopting the Kaizen way of life.
Originally derived from Japanese, Kaizen focuses on constant, inclusive, and evolving improvement.
The Japanese term Kaikaku (radical change) was popularized by Masaaki Imai after he wrote his book Kaizen: The Key To Japan's Competitive Success.
Over the years, Kaizen has spread throughout many countries and industries around the world.
Activities can be evaluated using three main Kaizen concepts: seeing and eliminating waste, improving a workspace process, and continuous improvement.
Small, incremental changes can lead to big improvements in the long run.
This goes against the current culture obsessed with quick fixes and instant overnight success.
When I first encountered the concept of Kaizen while attending Brigham Young University, I was amazed by how my professor had fully embraced it and implemented it into his daily life. He had married a Japanese woman and worked at Toyota for many years.
He explained to me at its core, Kaizen is about taking ownership of things within your control and being open to actions to make things better. It stresses the importance of incremental gains to get closer to perfection rather than taking large leaps forward every few years.
The idea has stuck with me to this day.
With a new year upon us, my advice would be to write down goals that rely on a process, instead of results.
For example, instead of a goal to lose 20 pounds, what if you made a different goal to go to 100 Hot Yoga sessions?
Showing up to class is within your control and could lead to a lasting habit.
During class, focus on improving your posture or getting deeper into that stretch.
The extra 20 pounds lost would be simply a byproduct of your renewed discipline and focused perspective.
The principles of Kaizen can apply to investments as well.
Instead of trying to find one big winning investment, I encourage investors to make small consistent savings over time.
By making small incremental adjustments as your portfolio evolves and markets change, you are able to create a steady stream of growth and secure your finances for the long haul.
My advice would be to try implementing autonomous savings on a regular basis and you’ll be surprised at what it can do for you.
This really is the best way to grow and preserve wealth.
Thank you for reading and I am grateful and humbled to be able to learn, grow and invest alongside you at Tuttle Ventures.
Vision, Courage and Patience leads to successful investing.
Darin Tuttle, CFA
This is not investment advice. Do your own due diligence. I make no representation, warranty or undertaking, express or implied, as to the accuracy, reliability, completeness, or reasonableness of the information contained in this report. Any assumptions, opinions and estimates expressed in this report constitute my judgment as of the date thereof and is subject to change without notice. Any projections contained in the report are based on a number of assumptions as to market conditions. There is no guarantee that projected outcomes will be achieved.
Neither the publisher nor any of its affiliates accepts any liability whatsoever for any direct or consequential loss howsoever arising, directly or indirectly, from any use of the information contained herein.
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