“When defeat comes, accept it as a signal that your plans are not sound, rebuild those plans, and set sail once more toward your coveted goal.” ~Napoleon Hill, Think and Grow Rich
By implementing your financial planning early you can begin the road to prosperity. Are you sometimes intimidated or overwhelmed by your thoughts about money? What would your life be like if you made a decision now to have no excuses and take responsibility for your financial future? This life of financial freedom can begin by simply creating an investment plan.
Some of you might say that you have made a plan but you don’t follow it consistently. If this is the case, you can solve this issue of inconsistently easily. You can make it happen having an accountability partner. An accountability partner is a person who coaches another person while ensuring the other person stays on track with their promise or commitment. Having an accountability partner can make a huge impact on you and allow you to reach your goals sooner than you ever imagined. With the help of an accountability partner, your journey of finding investment success is within reach. Take some time to organize your thoughts about what you would like help with. Be clear on your intentions and desires as you make the decision of committing to yourself. Dramatic change all at once is not necessary. Make small changes just as if you were changing your eating habits. You would do so one bite at a time. You will find that saving and investing doesn’t have to be a difficult process. Before you know it, saving and investing to accumulate wealth will be easier and become a natural part of your daily ritual. Below you’ll find my insightful tips to help you along the way.
BG’s Simple Changes To Improve Your Financial Future:
- Create a written investment plan with clear objectives of goals to achieve. Have a mix of short, intermediate and long term goals ranging from a few months to 5, 10 and 20 years.
- Know where your money is going. What are you spending each month? Write down what your monthly expenses are. Create a worksheet to keep track. Become aware of money spent on items that had no significance or that were not high priorities.
- Don’t overspend. Hold firmly to a budget. See if you are earning more than what you are spending.
- Set aside part of your pay each month automatically in an investment account. Even if it’s only a few dollars. You will most likely not miss the money but will be very thankful that you set the money aside.
- Stick to your plan. Unexpected circumstances will happen but do your best to stay on course.
- Develop an investment strategy that suits YOUR needs. This is your plan that works for YOU, not someone else’s plan.
- Manage your risk. Make it a priority to prevent large losses on your investments. It is more important not to lose than it is to win. Slow and steady consistent growth is much better than a roller coaster ride up and down with your money.
Take responsibility of your financial future. Get clear, know your objective and create your plan. Simply changing behaviors, doing a little today, and doing it consistently over time will help ensure you to meet your investment goals. With a proper plan in place you will not only save money, but you will also be able to use money for the things you decide are important and that will give you pleasure in the future. Making small changes is possible to do without too much effort and the benefits are worth every step taken. Be accountable to you and find yourself a trusted accountability partner. You will be glad you did and will reap the benefits for years to come. You have the power, so use it! Spend less, save more, and invest wisely. The journey to wealth is within your reach.
Do you need more information for achieving financial goals as you create your journey to wealth? Create change now and Schedule Your Wealth and Well-Being Free 30minute Discovery Session. Do so now by contacting me at bonnie@bonnieGortler.com or filling out a quick form at https://www.bonniegortler.com/free-consultation-lp