How quickly do you take action?
Do you get things done no matter what, or are you selective about the the things you do? How about difficult or boring tasks like filing bank statements and keeping the rest of your financial paperwork in order, doing jobs around the house, or getting started on your goals for the year ahead?
How quickly do you action the easy stuff, like recording your favourite TV show, accepting an invitation to drinks or taking advantage of a weekend sale?
I bet I could guess which ones you take action on first and those that may not even get done at all. I have the same aversion, I hate doing boring stuff that feels like it adds nothing to my overall wealth.
File my banks statements, or do pretty much anything else? I know which one I’d choose!
Why your actions matter
I think that everyone lets a few things slide every once in a while. That’s cool, we all need to take a break, but if you do it continuously it becomes a habit. Your actions are important, not only for getting things done in the short term, but also for what happens over the long term as well.
You may not think that your lack of desire to do something with your mail has any impact whatsoever on your personal finances, but it does. By putting off the things you don’t really want to do, you develop a mindset and begin to apply it to other things that are similarly uninspiring.
How your actions can make you rich
I know that it is hard to believe that filing your bank statements can make you rich, but by doing it you are taking positive action and creating the right mindset.
Filing one bank statement leads to filing an insurance bill, this results in you reviewing your outgoing costs and investigating alternatives. You realise you can save money and then divert the difference to your home loan, retirement fund or share portfolio.
Over time, these small actions can make a huge difference.
At the most basic level, financial wealth creation is about making money work for you. The more you have working, the better off you will be. Money doesn’t do this by itself, it needs to be accumulated and directed to the right place, then it needs checking up on every once in a while (not that often really).
The path to financial wealth doesn’t have to be labour intensive, but in order to be successful you do need to take action and develop good habits. With a little practice and some efficient systems, all those little annoying jobs become pretty easy and you still have plenty of time to do the fun stuff as well.
What are you putting off and how will you take action?
Image by Ѕolo