Yesterday I had a conversation with a good friend about money and goals and the state of our finances (psst..you have to be REALLY good friends to talk about money!) Anyway, something that she said struck me and it dawned on me that some of you may be making the same mistake she is making, so here it goes:
When discussing some of our goals she said to me, “well I know I’m never, in my lifetime, going to be able to afford a brand new Cadillac SUV…” And in that instant, it dawned on me that my friend, whom I love dearly, was already setting herself up for failure. If she is telling herself that she would NEVER be able to afford something, then she was probably right. Because you need to have the mindset to succeed to actually succeed! Having a defeatist attitude can be VERY detrimental to your financial goals!
After she said that I sat there for a minute and thought to myself, “Is there anything that I don’t think I could afford if I tried hard enough?”… and the answer was NO. You have to believe in yourself and believe that if you want something that it’s yours for the taking. It’s gonna take hard work and determination..but the world can be yours as long as I want it.
So for today, replace the I can’t with I Can and you’ll be surprised at what you are capable of! Here is the outline that I use when working out my financial goals:
1. Determine Your Goal
2. Determine how much money you need to attain that goal
3. Scrutinize your budget
4. Make a plan to start saving
5. Then….treat yourself when you have attained the goal!