In finance and investing parlance, “buy, sell, or hold” ratings are a quick & dirty way for people to summarize their feelings about a given investment.
- Buy = You believe the investment will increase in value, so you should buy more.
- Sell = The opposite. You believe the investment will decrease in value, so you should sell if you’re holding.
- Hold = You’re already in the investment, and you believe it’s fairly valued and a good position to be in.
It occurred to me that this is similar to how I’ve been thinking about habits lately. A similar framework can apply:
- Buy = good habits that I’m not currently doing, that I will start doing.
- Sell = bad habits that I’m currently doing, that I will to stop doing.
- Hold = good habits that I’m already doing, that I will continue doing.
Using this framework, I can get some clarity and perspective around the different habits in my life, and how I might take action accordingly.
On some interval, maybe during weekly, quarterly, or annual reflections, I can reflect back on my habits for that period, and then plan for the next week/quarter/year accordingly*.
(*Note: I don’t have my shit nearly as together as this writing might make it seem. I do a decent job of stuff like this, but my day-to-day gets as hectic and scatterbrained as anyone else’s.)
I’ll close with some examples from my own life right now, current as of October 7, 2018:
- Buy (Start):
- 1x/day – post in ZenHustle Dojo Facebook Group
- 2x/month – finance reviews across businesses and personal accounts
- 1x/week – team member 1:1s
- Sell (Stop):
- Judging, fault-finding, and being overly critical of other people
- Overspending on partying and nightlife (🤷♂️)
- Hold (Continue):
- 1x/day meditation
- 1x/day gratitude journaling
- 5-6x/week yoga or gym
How about you? What habits in your life do you want to buy, sell, or hold?
Also published on Medium.