Monday, August 27, 2007

One Nugget of Money Advice



I've been tagged to participate in the "My One Money Advice" meme, where lots of bloggers have been asked to dole out a single super-valuable chunk of money advice. Here goes mine:

My One Best Piece of Money Advice

Do not underestimate the power of the following math:

[Change in Mindset]
plus
[Small Steps]
=============
Bigtime Results


Most people simply ignore the voices in their head telling them that their finances are out of whack. Why? Because they know the path to fixing Money Mistakes can be a long, tough one. If it's going to require that much work, or that much drastic change, then it's lots easier to just duck out of the game before the first whistle even blows.

But we should never underestimate the power of new beginnings. Changing how you view your money requires no effort, really — just a bit of enlightenment. From there, then, just make tangible progress in small steps (or Baby Steps, if you will). Small accomplishments, stacked one on top of the other, can build an awfully sturdy foundation.

I want you to realize that whether all of this takes a week, a month, or a year, that precious and limited time is going to pass whether you are doing something about your life or not. I promise you that at this precise moment next year, your life will be better or worse than it is right now. It will not be the same; the choice to improve it or let it decay is undeniably yours.
— Phil McGraw, Self Matters

— Posted by Michael @ 10:23 AM








2 Comments:
 

yea i totally agree with this

 

This is one of the most unique presentation of MOMA meme. I love baby steps because people find big goal too overwhelming and baby steps help out a lot (psychologically at least).

** Comments Closed on this Post **

Thoughts on my personal finances, goals, experiences, motivations, and accomplishments (or lack thereof).

My financial life began turning around when I took responsibility for it.
— Dave Ramsey


100%

Start (2005-12): ~$21,900
Currently: $0
[About Our Debt Paydown]

100%

Savings Goal: $15,000
Currently: ~$15,115
[About Our Liquid Savings Goal]