If You don’t have the time, you will never have the money

Time is the one thing that I feel people misuse. One of my biggest pet peeves is when I am trying to help someone with their financial situation, and they tell me they don’t have the time (REALLY).

The first thing you need to change your life or to better your finances is to take the time to learn how to manage your money. Financial freedom or living a debt free life is not just going to happen because you want it to happen you have to do the work. In order to do the work, you have to put in the time.

First

You need to take the time to learn about money management and good financial habits. You can read books or blogs, watch YouTube videos and listen to podcast.

With today’s technology and the digital world that we live in there is no reason you cannot learn about money management.

Second

You need to take the time and set up a financial plan. Write down all the things that you are going to implement to better your financial situation. Start a budget to learn how much you have coming into your home and how much money you have going out of your home.

What are the things you are paying for that you don’t need? What things are you overpaying for? Are you spending more than you are making? Why? How can you make changes?

You need to take the time to cut cost, you need to take the time to figure out how to get more income into your home if you need to.

Third

You need to take the time to learn about how to save money monthly. You need to learn good habits that will help you save for emergencies, learn how to save for goals, learn what a saving plan is and where to keep your savings.

What is keeping you from putting money aside? Why when you put money up you end up taking it back out? What habits are you going to implement to help you with saving?

Fourth

You need to take time to learn how to invest, you need to learn about the types of investments. You need to learn the pros and cons of each type of investment that you are thinking about getting into.

How much money do you need for this investment? How much should you be getting back from this investment? Is this a long term or short-term investment? is this an investment that you can start now, or do you need time?

Fifth

You need to take time to look at your life and the road that you are on. You need to take time to figure out what life you want to live.

I know you are thinking that this should be step one (right). Well most of us think we know what we want tell we look deeper into it. You may think you know the life you want at the beginning of your journey yet the more you learn the m0re you know.

Its best to have a ideal of the life that you want to live but leave room for growth and understanding.

Example

I used to think I wanted to own a home in a gated community. Then I started the road to home ownership. After I learned about HOA’s and what that intel. I learned that a gated community was not what I wanted at all. The thought of not being able to do things without having approval on a home that I own didn’t work for me.

Change takes time and a lot of it. You can’t get something from nothing. If you want a better life for yourself and your family you need to take the time to make the life you want to live happen. Time is part of the work and if you can’t make the time you will never have the money.

Well, that’s all that I have for today, I hope this helps you on your journey.

Thank you for reading Everything Frugal.

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