Personal Finance; The Self-Growth Discipline

 

How many people here would like to double returns on their investments? How many people would like to cut down on their expenses so that they can save more? How many people would like to start actively saving and investing so that they can achieve financial independence to retire comfortably?

All those are great goals that we all have; we all want to create wealth, achieve financial independence and be able to do whatever we wish to do without straining our budgets. Not only do we all want these things, but we all know what we have to do to achieve them. And we all intend to do those things. And we will certainly do them.

SOME DAY.

Someday we’ll open a CDS account with a good broker to start buying shares in some good listed companies. Someday we’ll read those books on investing and personal growth. Someday we’ll open a unit trusts account and start having our money compounded for us effortlessly by the fund managers. Someday we’ll open a CDS account with CBK to trade in treasury bonds and bills. Someday we’ll upgrade our investment skills to create and preserve more wealth. Someday we’ll get our finances under control and cut down on unnecessary expenses. Someday we’ll enroll for that course to boost our careers and get more competitive in the market. Someday we’ll learn about Assets Classes to diversify our investments.
Someday we’ll do all those things that we know we need to do to achieve all our goals.

SOMEDAY.

And that’s where the majority of us are; on a little vacation in a wonderful fantasy place called ‘Someday Island.’

Probably 90% of us live on Someday Island the better part of our lives. Till it’s too late and we can only play catch-up to those who started earlier. We think and dream and fantasize about all the things we are going to do “someday.” And who are we surrounded by on Someday Island? You got that right; we are surrounded by other people who reason and think like us; our BFFs. And the chief topic of our discussions on Someday Island?

Excuses.

We all sit around and swap excuses for being on the island. “Why are you here?” We ask each other. Not surprising, our excuses are largely the same: I didn’t study investing in campus. My lecturer on economics was so bad. I couldn’t afford college, so I never got a good education. I don’t have enough money to start investing. My salary is so meagre I can barely afford bus fare. My marriage/relationship is draining me I can barely think straight. The economy is terrible; the taxes are so high…the Jubilee government is killing me. The shilling is so weak…I can barely survive. And many more excuses.

We all have good intentions, but as we all know, the road to hell is paved with good intentions.

The way out is simple: Get yourself off the island.

We should stop using our incredible brain to think up elaborate rationalizations and justifications for not taking action. Do something. Do anything. Start today. If it’s to be, it’s up to you. Losers make excuses; winners make progress. Take Action.

And how can we tell if our favorite excuses are valid or not? It’s simple; look around yourself and ask, is there anyone else who has your same excuse who has advanced much in life? When we ask ourselves this question and are honest, we realize there are millions of people who have had it far much worse than us, yet they have gone ahead to do much more wonderful things with their lives and even changed the world. And what millions of others have done, we can do as well—if we try.
It has been said that if people put as much energy into achieving their goals as they spend making up excuses for failure, they would actually surprise themselves. But first, we have to get off Someday Island.

A year from now, you’ll be glad you got off “Someday Island” today.

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