The practice is always more important than the tool. Tools should be taken care of, tools will become more useful over time at the margins as practitioners get better, and periodically a tool will even become revolutionary, but the truth remains: the practice is more important.
It’s important to remember this with your finances because it can be incredibly easy to hide behind tool acquisition and to make believe that such activity equates to practice: Spending hours reading the “best” blogs to learn which investments are “right” to purchase and using the “niftiest” app to open an account and manage those trades, but when it comes to saving the money necessary for the tools to actually have something to do, well, maybe next month.
There are lots of guys walking around with brand new, state of the art golf equipment that are objectively terrible at golf, because golf is hard and takes lots of practice, which is something you can’t buy. Don’t be like them. Get the practice down first and then upgrade the tools, and then only when they will actually be worth the marginal improvement.
Meaningful Returns 