Discipline and Money Management
Many things have changed, but the basics of making money remain the same. Discipline is a skill you will need to create wealth and become successful financially. Winning the lottery or being born as a billionaire Saudi princess will not happen to most of the general population. And it even does not come to a percentage - when you look at people who are rich that way. So hoping for an unrealistic way to become wealthy will not do any good and that sort of thought should be avoided in the first place.
It is not hard to achieve your financial dreams. You only need to know a few simple, basic rules. And following those rules with discipline will make you accomplish your goals. Many personal finance websites are packed with these basics to explore for free. You only need the willingness to learn and apply towards reaching your financial goals - and you need discipline to accomplish that along the way.
If you are reading this article right now, it is highly likely that you already have a decent paying job or entrepreneurship. If you don’t, you will soon have it because you are a smart and educated person, and that’s what lead you to this website in the first place. Discipline can make the difference between two identical same level money earning individuals reaching financial goals and never reaching financial goals.
Let’s look at two imaginary individuals A and B. Both have good paying jobs. Both live in the same city. A spends all his money eating out at restaurants, taking expensive vacations on credit cards, buying the latest electronic gadgets, and living in expensive houses he can’t afford. He has lots of credit card balances and never disciplines himself to set aside money for the future. His logic is that life is too short not to enjoy - and he wont be able to enjoy these once he is old. So let’s enjoy as much possible right now and forget about the future.
Author/Copyright: Ahmed Dawn www.adawnjournal.com
B takes a different approach to life. He thinks life is too short to work for someone else - and he does not want to spend all his life working for a corporation only to pay off his credit card bills and things he would not have enjoyed in the first place. He aims to end working for someone else and wants to live on his own terms as early as possible - while he is still young. He disciplines himself saving and investing every penny he can get and so far he is doing pretty good. He was inspired after reading a few articles and books by financial author A. Dawn and reading more financial books and articles to enhance his personal finance knowledge since then. His favourite one is this: Ten Timeless Personal Finance Tip.
The obvious difference between A and B is that A will still have to work to pay of his credit cards bill when he will be required to get hip replacement surgery. A failed to realise that to enjoy his life now, he chose to work all his life to pay off his bills. He will never be free from his debts and will die one day working and worrying paying off his bills. B will accumulate enough savings early enough to retire and enjoy his life without working for someone else and without worrying about paying off his debts. He only needed the willingness to learn and the discipline to apply what he learned.
It is still not too late or early, regardless how old you are, to decide whether you would like to be A or B. I have chosen to be B and I have many tools to offer to help you reach your goals for free. Feel free to browse all my websites listed on the right panel of this page. And don’t forget - discipline cannot be replaced by anything else and has no substitute.