Most of you have heard me say either in my blog, my speaking engagements or in my book, “The Art of Starting Over” that one of the most important questions you should ask yourself before taking action is, “where is this decision likely to lead?” When you consider that almost every decision is a financial decision you should be especially concerned with where the decision will lead you financially.
Having a clear thought process is of the utmost importance when it comes to how we spend, save and invest. We waste so much money, time and energy and we miss out on important opportunities because we do not take the time to consider the consequences.
Trying to keep up with the crowd or making decisions based on what other people are doing can get us into financial trouble. You make decisions for your life and they make decisions for their lives. So do not consider what others are doing or what they will think about what you are doing. Be unapologetic for doing what is best for you and your family.
Have finances on the top of your list when deciding when to do what. One costly financial mistake can change your life. The process may call for you to put the purchase off until a better time or to not make the purchase at all. It is imperative to be clear on the difference between wants and needs. Acknowledging these differences can keep you on your path to financial security. Do not let emotions affect your decision making skills.
If you feel yourself drifting over to the materialistic side or you are in doubt and need strength say these words, “grant me the serenity to except the things I need, the courage to manage the things I want and the wisdom to know the difference.
This will allow you to think before you act and listen to the right voice inside of you when deciding on what is best. Remember to do what is right for you, your money and your future.
Stopping to thinking…Now That’s Presidential!
- Top 10 financial mistakes young people make (business.financialpost.com)
- Why pay off Debt if you can afford the Payment? (jjscoach.com)