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“Indecision is the greatest thief of opportunity.” -Robert Schuller
Does this quote apply to how you handle your money? Everyone handles making decisions differently. Through trials and errors some have learned to make good decisions. Others make decisions too quickly and have to go back later and make up for their choices. Still others have problems making decisions to the point that their indecision is a decision to do nothing.
Indecision can impact our finances in the following ways:
- When you can’t decide whether or not you are going to live on a budget it means another month that you will wonder what’s going on with your spending and why you can’t seem to get ahead. It’s also a missed opportunity to make lasting changes in your life.
- When you can’t decide how you will pay off your debt it delays your getting out of debt date another month and makes it that much more difficult to ultimately start. It’s also a missed opportunity to live the life you want.
- When you are indecisive on when to start saving for an emergency fund, your emergency fund never gets funded and ultimately you miss the opportunity to save for upcoming emergencies.
- When you can’t decide to be on the same page with your spouse on how you handle money it will make it very difficult to win with money. You’ll also miss the opportunity to bring greater communication to your marriage.
- When you are indecisive in those areas you won’t have money to invest for your future. This is a missed opportunity to take advantage of the power of compound interest and set yourself up to live the life you choose.
So what is something that you have been indecisive about? How is it impacting your finances? It is your ability to start getting out of debt? The ability to take control of your money instead of your money controlling you? Is it the ability to save for your future? Or the ability to work on your marriage and communicate with your spouse better? The bad news is that we can’t go back in the past and make a better decision. But the good news is that you can decide TODAY to make the changes necessary. Whether you need more information, time, or a plan, decide to face your situation and stop missing the opportunities that abound in your life.