It’s easy to procrastinate money issues and tell yourself you’ll get to them “someday.” Then, someday comes, and you’ve racked up a massive amount of debt. Or you don’t have enough saved for retirement. Or you’re still earning the same salary you were five years ago. To keep this from happening, let go of “someday mentality.”
Photo by Pictures of Money.
It’s a fairly common habit, but Entrepreneur’s Daniel Ally sums it up well:
…many people wait for external circumstances to occur before they take action: tax checks, children’s graduations, end of car payments, etc. This habit of waiting for ‘someday’ limits you substantially and keeps you from the ultimate good that has your name written all over it. Assume that you have all things now and you’ll have it sooner than you think!
Someday mentality is especially common when it comes to saving for retirement. Retirement seems like something you worry about when you’re old and grey, so most of us figure we’ll sort it out later. When you do this, you separate the present from the future, and then you miss out on the time it takes your retirement savings to grow. Instead, try linking the present to the future by making friends with your future self.
Figure out what actions you can take now so you’re working on your goal today, not someday. Going back to the retirement example, that might just mean getting out of debt so you can free up more of your money to save.
For more detail, head to the link below.
5 Secrets Most People Don’t Know About Money [Entrepreneur]