I get a little upset when I read different posts of people who waiver on their personal finance fence. Should I do this, or should I do that? Should I get a credit card? Should I buy this? Should I save this much? Should I pay off this debt? Should I become rich?
The whole idea is to practice control on your situation. Set a goal and then just DO the goal. Money is a very personal thing.
If you want to be rich, be rich! Don't ask permission from everybody. It's ultimately your decision.
There are certain ways to become rich. They are pretty straight forward. • Don't spend all of your disposible income. • Save or invest wisely so that your money makes money • Be frugal and look for deals • Work hard and increase your value so that your make more money with the same amount of hours.
Ultimately SAVE MORE YOU SPEND OVER A PERIOD OF TIME TO GET TO YOUR GOAL. Increase your assets over your time line. If your assets aren't increasing, you're not getting any richer.
Just DO it.
Here's the other part... if you try to become richer, you may decide that it's too difficult for you or that you really aren't interested in becoming rich. (Most people don't really want to be rich!)
Make a decision to be happy where you are for the rest of your life. If you decide not to be rich, then don't beat yourself over the head for the rest of your life. Your priorities are different than somebody who wants to accumulate wealth. There is nothing wrong with NOT wanting to be rich.
Once you make a decision about something, that should set your mind at peace. If you're deciding to be rich, then you're deciding to work alot, sacrifice alot and purchase things that go up in value instead of purchasing all of the recreational toys you've always wanted as an example. You're going to decide to do these things until you meet your financial goal. That's it. Just do it!
If you decide to not become rich, I suggest you at least get some financial plan in place for your retirement. However, your time will be yours and your money will be yours. You can spend them on what ever you want. You just won't be rich. Okay then, if that's your decision, Just do it!
Please make up your mind about what you're trying to accomplish with your money.
Monty Loree's passion includes writing about money and personal finance. Monty has been a successful entrepreneur for over 14 years. More about Monty Loree
Based on this, I'm going to spend a few hours trying to figure out what I want to do.
I never thought deciding to be poor was an option. I've never heard it said like that.
bizzness-lady:
That's a great idea.
Making decisions about what you want will ultimately give you a great deal of peace of mind.
Even just doing the evaluation process of what you want to do with your wealth will start to bring answers that you didn't think about before.
Making a decision / being decisive is the first part of the process.
Good luck and let us know how you're doing with that.