Some of you may not have grown up in a household where you saw your mom or dad doing a budget, saving may not have been a priority, tithing and investing may have been unheard of, and that's OK. You don't know, what you don't know; but that doesn't mean that you have to stay in the dark. Growing up, I was always familiar with saving, I started investing in 401(k) not long after I graduated, I didn't really use credit cards, and I thought I had a pretty good sense about money. However, I was overwhelmed with student loans, car payments and repairs, medical bills, and trying to meet basic needs. I wasn't doing a budget, barely had any money in savings, and I was struggling. Once I finally got tired of being in the position I was in, I started praying for a way out. My relief came through reading and research. I started studying the lives of millionaires. After all, they were much better off than I was financially, so there had to be something that I was missing. The books that I read are as follows:
- The Millionaire Next Door
- The Five Lessons a Millionaire Taught Me for Women
- The Top 10 Distinctions Between Millionaires and the Middle Class
- Rich Toward God
- Secrets of the Millionaire Mind
- The Total Money Makeover
I recognized that I needed additional knowledge and wisdom to move me beyond where I was, so I committed myself to doing so. The thing is, they all had some of the same basic principles outlined:
- Spend less than you make
- Manage your money regularly/budget
It's not that it was rocket science, but I was lacking knowledge in those areas. Once I gained the knowledge that I needed, and actually started putting the principles into action, I saw results. My point is, don't let a lack of knowledge keep you from succeeding financially. There are so many resources available that will help move you beyond where you are. I always recommend doing cross-references to check for inconsistencies. All advice isn't good advice, so be cautious about using "free" resources that could cost you in the long run. Do your homework and find a method that will work best for you and your particular situation. In order to change your actions, you must first change your mind. In order to change your mind, you must gain knowledge in the area where you want to see change. So get to it! Freedom awaits!
Change requires action!