Here's the next installment from top personal finance bloggers offering their single-best piece of advice. Today, we'll hear from Steve Mertz from In Cash Flow We Trust:
"If you were speaking to your best friend about your current financial prosperity, or lack of it, how would you finish this sentence ? 'I wish I would have done _____________.'
Whether it is buy rental properties, or build a portfolio that throws off $8,000 a month, state a specific desire. Then stop and brainstorm what you would have to do today to make that a reality. Who would you need to help you achieve your goal, what additional knowledge would be required of you? Draw out a timetable for your efforts and then ask yourself, 'Am I willing to start the work today?"
'All men dream, but not all equally. Those who dream by night, in the dusty recesses of their minds, wake to find it was all vanity. But the dreamers of the day are dangerous, for they may act their dreams with open eyes, and make things happen.' -T.E. Lawrence"
I once heard it said that the best time to have planted an oak tree was 20 years ago. The second best time is today. Start working towards your financial goals today, do not delay another moment, and your dreams will be reached that much faster.
Update: Time to link to the Beltway Traffic Jam.
Comments