I have spoken before how your habits and behaviour with money will dictate whether or not you can live the life you want to live. Money is just a tool that can be used to do the things you want in life. But to be able to do those things, you need to build and maintain good financial habits.
The thing is, it’s not only with money where your habits and behaviour dictates your success. It’s in all areas of your life, and today I want to go over this in a bit of detail. My goal here is to educate you and hopefully inspire you to start going after what you want.
The old cliché of “a journey of a thousand miles starts with a single step” is a great way to think about what it takes to achieve success. Not just with your money, but all the different areas of your life. For example, your health, your career, relationships, etc.
When we’ve spoken about your behaviour with money in the past, we tried to get one message across. Doing the small things consistently over time will lead to you achieving financial success in your life. With your money, this principle is focused on what you do with your income month to month and the habits you keep. For example, do you spend less than you earn and save or invest each month? Or do you just spend and hope that there is money left over to save at the end of each month?
The above principle not only applies to your money, but also applies to your health, your career, and your relationships.
We know this is true because all the big accomplishments that have ever been achieved by successful people took time to be accomplished. When you see a new actor make it big and the media calls them an overnight sensation, I can guarantee it most likely took 10 or 15 years for them to get there. They may have started out with drama school, then performed in a play, then progressed to commercials, then a role in a soap drama, then moved onto small screen movies, and then they would have ended up progressing to a small part in a big movie, etc. You get the point.
Let’s put this in the context of your health for a minute. What if your goal is to drop 10 kilos, or put on five kilos of muscle? To achieve these goals, you will have to break things down into small steps and actions that will lead to your success. If you do these small things consistently, over time it will lead to you reaching your big goal.
For example, to drop 10 kilos you may need to:
- Exercise or go to the gym 4 times per week for at least 30 minutes
- Drink 1.5 litres of water a day
- Limit alcohol to one night of the week
- Make sure to get 8-10 hours of sleep a night
- Cut out bread from your diet and not eat carbs after 5pm
- Prepare your meals for work in advance, so you don’t end up eating out and having something that you shouldn’t be eating
By doing the above, you will not lose the 10 kilos overnight. But I can pretty much guarantee that if you did the above consistently, over a period of time you would achieve your goal.
What’s simple to do is also simple not to do, especially when you try to start something and don’t see results right away. If it doesn’t feel like changes are happening or that you’re not making any progress, that’s ok. It can take time to see change. But if you stay consistent and maintain your habits long enough, you will experience a significant change in your life. That’s because the magic isn’t in the complexity of the habits. The magic is in performing the simple actions repeatedly, and over a long enough period to experience the benefits of your hard work.
What I am trying to get at is, you are in control of your life. And only you can control the results you get and the life you live. To achieve success in any area of your life, you need to do the small things right. You need to do them consistently. And if you do these things, you will be successful! It doesn’t matter if it’s in your finances, your health, your career, or whatever it may be. The rules of success are the same. Losing is a habit, but so is winning.
Hopefully this article has been helpful, and given you something to think about and take action on. My goal for you is that this article can help you on your success journey, and give you some assistance when chasing your goals.
Ryan Porter is a Wealth Coach at Catalyst Wealth Group. His mission is to help his clients achieve financial success and live their ideal life.
Disclaimer: Any advice in this publication is of a general nature only and has not been tailored to your personal circumstances. Accordingly, reliance should not be placed on the information contained in this document as the basis for making any financial investment, insurance or other decision. Please seek personal advice prior to acting on this information.