The creation of wealth allows no time for dwelling on past misery or failures.Wealth and Financial Fitness Coach, Steve Down
Start now if you want to see the positive change you’re looking for. Your financial success is a journey. In this journey, you learn, overcome obstacles and grow. And through simple actions and commitment, your daily choices push you towards your vision.
If you want to secure your financial future, start now. Sometimes there’s never really an ideal situation to invest your money. Perhaps the one time you save could be the only time you get to save enough. The one time you get to pay off your debt could be the best time to clear a chunk of it and reduce your obligation.
The long-term effects of starting right are very hard to replicate within a short time. Take, for example, investing. Investing in the long term brings good returns while incurring low to medium risk. Short-term investments on the other hand often promise two things: high risk for high return or a low risk coupled with low returns.
When it comes to starting your own business or increasing your sources of income, taking a long time to get things right may mean missing out on opportunities. Procrastinating has often led to many ideas never becoming a reality or at the very least, paying off at a time when things aren’t as favourable.
While it is good to learn and take action, we wouldn’t also agree with hastiness. With a wealth mindset, you also need to grasp the full picture of what you’re dealing with and the consequences of your actions. For example, if someone promises you quick returns on an investment, ask about how the investment works. If a lending app introduces a very attractive loan and interest rate, try to be more vigilant about the collateral required and the repayment conditions.
Don’t waste time thinking and planning because sometimes “soon” can easily become “never”. And while at it, learn how to make calculated decisions bearing in mind that you are responsible for your financial well-being.
The good thing about starting now when it comes to your financial fitness is that:
In essence, we do not have control over the past. We can’t change past mistakes and failures. But we can use it to learn where we can improve ourselves. We can choose the right decisions now and work towards our vision of the future. And in this, your possibilities are unlimited.
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