Thank you all for your lovely birthday wishes! I was lucky to spend this weekend with my favorite people in the world…my friends and family and you! It was so nice to read all of your nice comments and wishes on Sunday (and I’m sorry I’m a little behind in commenting back—it was a hectic weekend!).

This weekend was also our daughters’ annual Chinese New Year performance. No, we are not Chinese, but they attend a Mandarin-immersion school and put on a huge professional performance every year for Chinese New Year—it is a BIG deal!

It’s held at a local theatre, there is a dress rehearsal, costumes, hair, makeup (even for 5-year-olds…); the whole works! Dress rehearsal was on Saturday and the performance itself was Sunday evening.

Every year this performance is held I am amazed all over again at the potential for excellence that exists in all of us. If you could see these little 3, 4, and 5-year-olds dancing in perfect unison, twirling ribbons and running out and around each other in intricate patterns and in perfect sync you would absolutely be amazed. I am completely blown away every year.

How do they do it?

How do they go from knowing absolutely nothing about dance, the specifics of “Chinese Ribbon Dance”, performing, being on stage, working together, bright lights, etc., to putting on such a flawless performance?

The answer I believe lies in Bruce Lee’s Three Keys to Success.

He says,

“The three keys to success are persistence, persistence, and persistence. The Power can be created and maintained through daily practice — continuous effort.” — Bruce Lee, Striking Thoughts

It really is true that practice makes perfect. These kids, knowing nothing about dance or performing live onstage in front of 1000+ people, go from complete novices to professional performers in just a few weeks, by the power of continuous effort…they practice every day.

What Does This Have to Do With You and Your Money?

Just imagine how much more knowledgeable you would be about investing if you spent just five minutes a day “practicing” it…here are just a few things you could do with just five minutes of focused “investing practice” a day:

  • Read a financial publication for five minutes (ZH, Bloomberg, Financial Times, etc.)
  • Pick an educational goal and spend five minutes per day exploring it (for example: learn to trade options—google “learn to trade options” and spend 5 minutes per day just exploring the different websites out there for doing this)
  • Organize your receipts at the end of each day…spend five minutes categorizing them and reconciling them
  • Brainstorm new ways to earn more money…spend five minutes coming up with 5 new ideas to solve other people’s problems (and have them pay you for your effort!)
  • And much, much more…

Literally, if you spent just five “extra” minutes “practicing” your money habit each day, by the end of 2012 you would ROCK, just like these amazing kids did this weekend at their CNY performance! And if you spent 10, 15, or 20 minutes a day on your money….WOW, just imagine how much savvier you would be by the end of the year!

So my challenge to you for the remainder of 2012 (and if you haven’t been paying attention, it is now 12% over….YIKES!) is to practice your investing. Find just 5 (or 10, or 15…whatever you can commit to!) minutes per day to work on your money knowledge, and watch your learning and your earnings explode!

You can do it…just channel your inner Bruce Lee!

To your financial success, and back tomorrow with some sexy money ideas for you (in honor of Valentine’s Day),

—Kung Fu Girl