Featured Blog: How to Turn Your Wishes Into Reality Instead of Regrets

Written by Carl Richards

For the last 15 years, Carl Richards has been writing and drawing about the relationship between emotion and money to help make investing easier for the average investor. His first book, “Behavior Gap: Simple Ways to Stop Doing Dumb Things With Money,” was published by Penguin/Portfolio in January 2012. Carl is the director of investor education at BAM Advisor Services. His sketches can be found at behaviorgap.com, and he also contributes to the New York Times Bucks Blog and Morningstar Advisor. You can now buy – “The Behavior Gap” by Carl Richards on AMAZON.

April 7, 2017

Last week, I shared how scared and worried I felt at the thought of losing my wife after her accident. As frightening as that experience was, it also helped me reflect and decide that I didn’t want any more regrets.

I thought you might feel the same way, so I asked for your deathbed wish list. What things would you wish you could have done if you suddenly had very little time left?

Your emails were amazing! They reminded me a lot of the many messages I received when I wrote about getting permission to make major changes in our lives.

I asked a few of you to create a visual version of your wish lists, and you can see them here.

No-Regrets Wish Lists

Submitted by Andrea Juhász

But I was left wondering: What’s next? What can we do to make sure that these wishes become reality instead of regrets?

For me, this process is pretty simple (but not easy):

1. Pick one thing on my list.

2. Decide today to do one thing that will get me closer to making that one thing a reality and further away from regret.

3. Do that one thing.

4. Repeat tomorrow.

5. Wake up in a year with fewer regrets.

The problem with this process is that it’s too simple. It lacks all the theatrics and drama of the hero’s journey.

In short, it sounds boring. Day after day, just doing small, little things.

I’m not into boring. The process reminds me of compound interest — that’s also boring, but it works.

However, I know of no other way. Believe me, I’ve tried.

Small, simple things done consistently over a long time produce meaningful results.

So, here is what I’m going to do. I’m finding one thing on my wish list, and I’m doing something about it today. Then, I’ll do it again tomorrow.

Will you join me?

The above blog is by Carl Richards originally published in The New York Times’ Blog.


Carl Richards, a certified financial planner, is the author of “The Behavior Gap” and “The One-Page Financial Plan.” His sketches and essays appear weekly in the New York Times.

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