I grew up financially poor. Both mentally and literally. The main problem wasn’t that I was financially poor but that I didn’t know I was. I never thought of finances other than what it could buy me. It wasn’t until I was in my early 20’s and I started to completely support myself that I realized that I had no idea how to control my money. Ever since then I have been learning as much as I could about controlling my money and have it work for me instead of me working for it.
Here are 5 lessons I learned, that if I knew then I would have been a lot better off.
Starting is the hardest part
Confronting the problem is very overwhelming but ignoring it is just delaying the inevitable. Don’t be afraid of what you’ll find. Just remember that it’s probably worse than you think it is. Yea I just said that. You really have no idea how bad it is until you actually take a look. But if you go in knowing that then there’s nothing to be afraid of. Do it.
You’ll thank yourself later
I’m thankful every day that I actually took the steps towards financial freedom. At the time I had no idea what my future would be like or if I would even be successful at controlling my money. I thought there was no chance I could get my spending under control and actually start saving some money. If I had listened to those thoughts I would have never have gotten anything done/ I promise you that you’ll be thankful that you started today.
Personal finance is a journey
Getting control of your finances isn’t an overnight event. It’s just not. It’s a long process that’s going to be tough, but if you’re committed to it, the end result will be a lot better than if you didn’t do anything at all. But, be sure to celebrate the milestones so that you won’t get bored on this journey and give up.
Everyone is different
What works for someone else might not necessarily worked for you. If you’re trying something and it’s not working then you probably need to find a different way. It might be just tweaking what you’re doing or a complete overhaul, but if it’s not working then it’s not working.
Stop blaming others
I always blamed others for the situation I was in but the fact is that I made the decision to spend more than I made and I never took the precautions (saving money) to make sure other people’s actions wouldn’t affect me. Only you can control your life. If you let other people affect it then you’re not in control and you’re not going to succeed. If you just follow just one of these lessons I’m telling you, make it this one.
“Life is 10% what happens to you and 90% how you react to it.”
~ Charles R. Swindoll
The complete quote of that really made me think and I will credit it with changing my life the most. If you get a chance, go read it. It’s called Attitude.
I’ll finish up by saying that you really never know what could be unless you try. Life is so much less stressful when you have your finances under control and don’t have to worry about where the money is going to come from for your next rent or mortgage payment. Start today and financial freedom will be a lot closer than it was yesterday.
What lessons have you learned through your life?