Making Tomorrow A Better Today pt 2

Carrying on from where we left of in yesterday's post, and continuing the idea that John Maxwell had when he said:

"The secret of your success is found in your daily routine"

That is a powerful statement, and has a huge application in both business and personal lives - not to mention our artistic careers and financial prospects...

The same is true in your finances. If I am struggling with debt, what can I do to get out from under it? Can I call the credit card companies and beg for a break? Can I tear up my bills, move, and hope they won’t find me? You certainly could, but it wouldn’t be recommended. Instead, wouldn’t it be better to make more money, shave some money off your expenses, pay a little less in taxes, put a solid debt plan in place, and move forward freely than constantly worrying about how you were going to handle those student loans? Again, what expenses can I track today that can be used as tax deductions? How can a work a bit more today to make that bit of extra money I need to cover those expenses? How can I alter my spending habits today so that I have to worry less tomorrow? (For assistance with this, please email us at info@abundancebound.com with the title “Chart of Expenses”, and we will send you a very detailed excel file to help break down your income and expenses, and identify where you could trim, what you need to improve etc).

By now you get the picture. Oscar Wylde said “every action of the common day makes or unmakes character”, and, beyond that, everything you do today effects where you will be tomorrow.

There are two kinds of pain in this arena: the pain  of discipline, and the pain of regret. Now, especially when it comes to our finances, we can play now and pay later, or we can pay now and play later. The problem is, payment compounds, and increases with time and missed opportunities. So if you suffer the pain of paying now – of discipline, of doing the things you need to do long after the mood in which you said them in has gone, of paying attention to your actions today – you will get to play a lot longer in the end.

All of this is a process. No-one expects people to flick a switch and suddenly have amazing organizational skills, perfect credit and financial savvy. Just like getting fit takes time, so does this. The important thing is that, as you take your financial journey, you are not alone. Abundance Bound is there to help you any way we can, and we very much look forward to the opportunity of doing so.