It does not take as much time, knowledge, or even money to be financially successful as you might think. Personal financial success can be achieved if you are willing to spend only 10 minutes a day specifically focused on becoming more financially responsible.
That’s right. Ten minutes a day can help you immensely with your finances if you will commit to several things. The first thing that I want to discuss with you is budgeting. If you do not have a budget written out I advise you to do this as soon as possible.
Now, after you’ve got your budget done, take just 5 minutes a day and track your money flow. A good time to do this is in the evening so you can gauge what you’ve done with your money each day. You may be surprised to see that you’ve spent more than your budget calls for and would never have realized it if you didn’t check. Be diligent here and evaluate daily so that you can make strides toward financial success.
The next thing that you can do each day is spend about 5 minutes educating yourself on personal finance and allowing yourself to be challenged and motivated to be responsible financially. You can do this several ways such as finding a personal finance blog to follow and read an article a day, or listen to financial tips daily from a financial expert.
There are hundreds of personal finance blogs on the Internet and I’m sure that you can find one that suits your preference. Some of them even have online support groups that encourage and challenge each other to get a handle on their financial lives. There are also books and audios available that you can invest in to learn as much as you can about personal finance. You and your financial success are worth the small investment and in as little as five minutes a day you can make some changes. For instance, is your cash back credit card tailored to your preferences? Spend 10 minutes and compare credit card deals to make sure you're using the best.
Perhaps ten minutes a day seems like it won’t make a difference in your financial picture but if you add that up that is 1 hour and 10 minutes per week that you’ve invested in increasing your financial success. That’s 4 hours and 40 minutes per month and I’m guessing that’s more than most people invest in their financial success per year.
Financial success is possible for anyone who is willing to invest time and energy into learning sound financial principles and applying them to their lives. I’ve heard many stories from people who have rags to riches stories because they dug deep and made a commitment to take positive, and sometimes difficult, actions toward financial freedom. It doesn’t come free and it’s not cheap. Financial freedom comes from hard work, perseverance, and more. Begin today and take ten minutes to evaluate where you are financially and where you’d like to go. It will be well worth your time.