The Wealthy Millennial: Taking Money Seriously
Stepping into the workforce is an experience that brings both excitement and responsibility. It introduces one to being independent. It empowers one to get a hold on their finances and make one’s own decisions. We hold high aspirations and goals and work hard towards achieving them. However, it is very easy to lose track of where you are going.
Many times, the new-found independence makes us impulsive. We give in to the cyclic nature of feeding our wants and aspire to live luxuriously when we can. Tend to live pay-check to pay-check and depend too much on credit. New Year resolutions to save money seldom helps break out of the habit of controlling impulsive expenses. The ‘tomorrow is another day’ attitude towards savings won’t get us anywhere. We need to take money seriously. The sooner the better!
Money is an important commodity in our lives. Believe it or not, to achieve something, we need to put in dedication, time, and money. It helps us power through our journey towards achieving our goals and ensures that we remain stress-free. We need to realize that financial health is more important for wealth creation, just as personal health is important for a better quality of life. It is easy to lapse, to lose track of where we are going. It becomes even easier to ignore financial health when one feels empowered by temporary financial independence.
But we should always remember one thing, if we want to remain financially independent through all stages of life, we need to plan effectively.
Planning one’s finances helps bring all the pieces together. It enables one to look at the bigger picture, and helps keep goals in check, and helps set realistic timelines. It will take you a step closer to achieving that dream of becoming financially free! Taking money seriously today will go a long way in shaping the outcome of your wealth creation journey.