Feeling stressed and frustrated about your finances is a normal feeling in America today. According to a recent report, 76 percent of Americans feel stressed about money. You are not alone, but most of us do not do anything to change. But today is the best time to get started on the right path financially! Below are the five keys we have identified to getting financially fit.
The only way you will change is if you are committed to making the change. You have to get a little angry about your current financial situation and get sick and tired of being normal. Having a desire to win and get ahead will take you a long way into changing the way you handle your money.
Once you are committed, you know need a plan to get there because you can not get to where you want to go without a plan. For our finances, our plan involves a written cash flow plan. Doing this will let you develop control over your money, as you will be in charge of your money and not the other way around. At the beginning of each month you will tell your money where to go and your money will work for you instead of you working for the money.
Depending on where you are with your money, it is very easy to lose your focus and get sidetracked. Getting financially fit is not easy; it will take some time and hard work. But the more focused and intense you are the quicker you will reach your financial goals. So when you feel like you will never get out of the mess you are in, just remember not to lose sights of your goal and each month you are one step closer to completing them!
It all comes down to this step. Getting committed, planning ahead, and staying focused all pay off when you execute your plan! If your goal was to save, then you need to save the money you budgeted to save. If it was to invest, then it is important to make a contribution to your 401(K) or IRA. If you planned to pay $500 extra on your credit card, then you need to pay the $500 extra when the bill is due and not spend it somewhere else! Execution is probably the hardest part. It’s kind of like exercising, you know it’s good for you and will make you feel better, but you still have to fight to actually do the exercise.
Reap the Rewards
After doing all the hard work, this is the fun part. You will now have no debt and have extra money each month to give more, invest, and save up for purchases you have always wanted like a nice big vacation, or a newer car. In addition, you will be able to look back and see all the hard work and sacrifices that you have made and how they impacted your bank account, stress levels, and most importantly your family tree!
So what are you waiting for? Get started today by contacting us and setting up a free 30 minute consultation and let us help you as you develop healthy financial habits and get financially fit in 2011!