I sometimes talk to people who feel stuck where they are. They have debt, or can’t get ahead and want to know the strategy for finding success.
When I drill down, I invariably find out they aren’t following the two rules. They are leasing new cars, not focusing on paying debt, not picking up extra shifts, not growing their careers. If you’re stuck somewhere and you’re just coasting, don’t expect anything to change. If you want change, consider taking dramatic action.
I don’t mean to say you need to live the hobo life forever. But what about going HAM temporarily? Measure it in months. How hard can you go for 24 months? Can you deal with a used car for 24 months? Pick up an extra shift per week for 24 months? Drop cable? Bring your lunch? Bike to work? Get a roommate? Airbnb your extra room?
You don’t have to do it forever, but if you keep making excuses for yourself (I don’t want to worry about my car breaking down, I need to live alone, I don’t have time to cook at home, etc, etc) you’re gonna keep getting the same outcome forever. Keep doing what you’ve been doing, keep getting what you’ve been getting.
As always, reminding you to build wealth by following the two PFC rules: 1.) Live below your means and 2.) Invest early and often.