Don’t shoot for the stars, your money takes time.
I’m going to flat out say that the moment you decide you want to have the cashflow like Elon Musk, you’re going to quickly realize that you’ll have climb a financial mountain to get there. Sorry. A lot of new “money makers” get discouraged because they think they can’t reach the same level as their neighbor who has a new car in their driveway. There is a simple explanation for this: you haven’t put in the time to save for your future.
The author of the book Outliers, Malcom Gladwell, says that it takes 10,000 hours of practice for anyone to master a skill. Can you honestly say you’ve put in the necessary number of hours to perfect your finances? Do you practice good spending habits every day? Do you keep a journal of your progress? Do you manage your money with the intent of progressing your income for the future? If not, a shift in your financial habits needs to happen for you to make any progress. Realize that the only way to get better is to acknowledge that everyone starts where you are right at this very moment. Someone with this crazy dream to be financial stable for their future. Know that it takes time for anyone to develop good spending habits and that we need to build our financial habits from the ground up.
Here are some ideas to help you on your way:
- Practice smart spending habits everyday
- Track your saving progress in a journal
- Every day, write down a specific area of finance you want to work on
- Always practice good money habits with the intent of getting better from yesterday
Let me know what you think in the comments below and share this post to help your friends.