How often do you buy lottery tickets, hoping that you will defy the 1-in-a-gazillion odds and win an incredible sum of money that will solve all your financial problems? Be honest – it will never happen.
Or do you sometimes wish that you had a long-lost rich uncle that will send you a big check? He doesn’t exist, does he?
You can only count on yourself. It’s like weight loss. If you want to lose weight, you need to be the one exercising. You need to be eating healthier foods and smaller portions. You need to commit to sticking with your budget. Only by doing so can you get to a much healthier financial lifestyle.
Too often, people say, “I’ll start on a budget next year.” And they say the same thing the following year. Next year turns into two years, and then into three, and then into never. Delay getting started living on a budget and your financial health will only get poorer, and the challenge to get better becomes much more difficult.
The Chinese philosopher Laozi said over 2,500 years ago, “A journey of a thousand miles begins with a single step.” The single most important step—the first step—in your journey to financial fitness is to commit to taking the second step, and then the third, and then the fourth, and so on. Before you know it, you’ll be quite a long way down the road and closer to your better financial health!
Be relentless in sticking to your budget. No doubt it will be difficult. But how tough is it now to be under the weight of debt? How hard will life be during retirement if you failed to adequately save while working?
Some people have made decisions they regret and are in debt as a result, while others are in debt they had no control over. You have the ability to take control of your debt and end the hold it has on your life. You will be proud of the financial future you can achieve.