Having worked in the finance industry all my life, I’ve often witnessed people looking to find the next “big thing” to invest in, with a view to making a quick buck.
That type of thinking has always made me wonder whether those who look externally for the miracle pot of gold ever take the time to pause and critically self- analyse their current financial position.
As an example, how many of us take the time each month to critique their own credit card statement when it arrives in the mail, comparing what they “wanted” to spend against what they “needed” to spend.
Clearly I could go on and on with examples, but I think the list above is enough for now for the point to be clear - Burying your head in the sand is NOT an effective strategy.
If you continue to struggle with effectively managing your finances, doing the same thing over and over is not the way forward.
……Let me use the analogy of a child’s sporting team with my explanation here. We don’t expect that the first time our daughters run onto the netball court, or our sons take to the football field that they will have an innate understanding of the game.
We expect that they will be led on the journey of learning the game by someone who has an understanding and passion for the game, and who has the will and the skills to effectively pass their knowledge on to our children.
Why should it be different when it comes to effectively managing your finances? Why be looking externally for the next “big thing” to invest in?
Invest in yourself! Invest in some coaching that will assist you to better understand the effective day to day use of your own money.
To learn more visit www.empowermm.com.au or contact firstname.lastname@example.org.