Why Knowing What To Do Isn’t Enough To Guarantee Financial Success

Knowing What To Do Isn’t Enough To Get You To Do It

We all have a lot of knowledge and if you want to learn more, Google sure can tell you a lot about personal finance, investing, and more.

But clearly, it’s not always about what you know. Otherwise, you’d be making better choices with your money right now. So what can we do to move beyond just having the knowledge?

First, we can lock in our decision to do the smart thing, the right thing with our money right now. How? By automating our savings and investments.

Go to your checking account right now and automate the contribution you make to your investments. Then that decision is made for you each month. You eliminate some of the temptation to spend instead, since the money will already be going to savings.

Don’t Just Rely On Imagination: Get A Real-Life Accountability And Reality Check, Too

Finally, get someone else to hold you accountable to making the decisions that will get you from where you are today to the financial success you want in the future.

Having someone to stand between you and and the tendency to give into instant gratification — along with every other challenge and obstacle and temptation we need to face on the long road to financial success — is incredibly valuable.

A  financial planner or some other sort of objective, third-party accountability partner working in your best interest can be a crucial key to actually taking the actions you need to take now instead of just thinking about them.

You need more than just knowledge to create and grow wealth. But the good news is that it’s pretty easy to get the coaching, guidance, and accountability you need — and it’s also a lot easier to go that route than to enforce the discipline, consistency, and willpower needed to do it on your own.

Leave a Reply