For most of my adult life I have struggled with my finances, not that I haven’t been able to pay my bills or keep a steady job but more that I have been spending more money than I have made. I have been living way beyond my means! I have managed to get this under control for a bit at a time but it seems that inevitably I get back to the state of simply floating along and living from paycheck to paycheck rarely making any real progress. If you have lived this way you know its not fun and in the long run it is a very defeating way to live.
Recently I have read a few books about finances, business and success philosophy and the net result that I have gleaned from them is that in order to succeed at something you have to be passionate about it. A single driving vision or goal that keeps you going until there is success. I have always had an interest in finances (personal or commercial), which makes me wonder why I struggle so much with my own money, but I have never been truly passionate about my finances or any single goal for that matter.
I have decided that I am going to make my finances my one goal, my passion until they have been cleaned up and organized.
By focusing on my finances and any aspect of them such as debt or investing I will always keep an end goal in mind. My daily actions will be driven by my finances rather than simply floating along like I have been in the past. I am also setting a near term goal for this singular goal of mine and that is to get rid of my debt. While I am not going to ignore growing the meager assets that I do have I am going to make it a priority to get rid of my debt. Currently I am personally sitting with about $35K in consumer based debt; this will be my focus for the time being because it is a known quantifiable debt.
At the same time I am going to make sure that I am living below my means rather than above them; there is no possible way of getting ahead if I am spending more money than I am making. For the next few weeks I am going watch my spending and adjust it to make sure that my spending is under control; once that has been accomplished focus will shift to the debt.
Having a single goal makes decisions a lot easier: the question quickly becomes does it help the goal? if the answer is not yes then it is no. This type of thinking although very stark in nature does help focus on the end goal. I will start chronicling this in more detail on this site in order to share with others like myself as well as to keep myself accountable.