- Take Control of Finances
- Pay off Debt
- Save Money
- Stick to a Budget
If you made any of these New Year’s resolution, the good news is you have plenty of time to get it done.
Here are a few steps you can take to make it happen:
Step 1: Make the Decision
The first step is to make the decision. As a financial coach, I find that real change comes from — the inside out. This means you have to want to do it. After all, in order to accomplish anything in life you must have the desire to do so.
Step 2: Set your Goals
Now that you’ve made the decision, the next step is to set your goals. Creating goals requires you to think through the actions needed to reach your objective (e.g. pay off your debt). Success comes when you keep your goals out in front of you and stay focused on achieving them.
A few goal setting tips:
- Write goals down
- Clearly define each goal
- Be realistic
- Set a target date to achieve each goal
- Track your progress and review your goals periodically (update – if needed)
Step 3: Take Action
The last step is to take action. You must be willing to do what it takes to reach your goals. Taking action is crucial to achieve success. Any desire without action is simply a wish.
Building your personal finance knowledge is essential. It is through knowledge that we are able to reshape our thinking and solve the real problem.
“We cannot solve our problems with the same thinking we used when we created them.”
– Albert Einstein
Gaining knowledge and applying it through action is the key to your success. It is kind of like learning to ride a bike. You can sit and watch someone show you how to ride a bike all day long, but observation alone — does not magically turn you into a bike rider. You must get on the bike and put what you learned into action to ride.
Reading personal finance books, magazines, articles and blogs will help you build more knowledge. Personal finance websites, radio and TV shows may also be helpful. It is my hope that this free personal finance blog is useful in building your knowledge and gives you some motivation to take action. 🙂
I wish you all the best in reaching your goals!
What has worked for you? Share your thoughts and experiences using the comments.