Spend less than you make. Stay out of debt. Save and invest. Reminds me of eat right, exercise, and get plenty of rest.
The formula is simple…but knowing and doing are two different things.
Why is it so hard for us to execute these basic steps?
Is it the instant gratification, to which we’ve grown so accustomed (thanks to modern technology)? Is it the constant 24/7 marketing of goods and services thrown our way? Is it social media? Is it the lack of open and honest discussions about finances among our inner circles?
We would probably all be in a much better position, if we made it a point to really focus on how we’re using our money (or swiping that card).
Money is a tool, right? And just like with any other tool, it is most beneficial when used for its intended purpose. Now, it’s up to each of us to take time to reflect and make note of our own intended purpose. This can be done by writing out a list of short- and long-term goals, creating a vision board or both. Do whatever you think will motivate you the most.
Once you’ve established your purpose, make it a habit to ask yourself something like, “Does this purchase/activity/action align with my purpose?” Or, “Will this purchase/activity/action help me get closer to reaching my goal?”
If the answer is, “No,” you may consider opting to do something else that does align with your purpose. Or, you may still choose to do what you initially set out to do in the first place.
Either way, the whole point is to become more intentional with your resources (whether it’s time, money, energy…); as oppose to mindless spending.
“Every morning we are born again. What we do today is what matters most.” – Buddha
