Money Habits I am Doing Right

Life is a balancing act.

Many times I think back and I re-read some of my past blog posts and think to myself I might have used some harsh words to incite change upon myself and my readers. But my intentions were not to scold down or to say you are doing very badly at money management skills. I get caught up at times with my own short comings that I am my own worst critic, and I admit I use it to fuel the fire for this blog with great content. This time I am trying something different, and it is a post that probably has been around the block more often than not. But I am still going to share with all of you, what things I have been doing right financially speaking. I will answer for you all the money habits I am doing right.

When I do things right I am actually happier, because these things are in my happy go lucky financial rule book. No not really a book, but just good ideas I have in my mind at all times. Did all of you know that finance and money management is 80% behavior and 20% math? If you can maintain this balance in life you will always win with money. Given this I am going to share with you all the behavior rules I use in my life to stay in my personal finance lane.

Money Habits I am Doing Right:

1. I write this blog which keeps me accountable for my actions. (I can’t Believe it’s 1 Year already)

2. I am saving a good portion of my income. (About 15% soon to be about 20%)

3. I am on top of my investments and assets. (Mostly monthly and sometimes daily.)

4. I am thinking in a long term perspective for my money. (Not what can I buy with my next paycheck mindset)

5. I take the advice of other PF blogger’s / financial guru’s if it benefits me or awakens a need to an improvement change.

6. I look at time in a productivity mindset and look to maximize my efforts. (Always finding a balance between family and work)

7. I hate debt and am working on eliminating my school loans while not going into any other future debt.

8. I am always looking for a new book to read on finance as I still find it intriguing to expand my personal finance horizons.

9. I am excited to help others improve while helping myself become a better communicator. ( Face to Face and written)

10. I see options and opportunities that investing gives me now and can give me in the future. (Passive Income)

These are some of the things I am currently doing to better myself every day and improve my finances. I hope I can lead by example with these steps and help any willing person with a desire to improve their personal finance picture in these uncertain economic times. Will these steps increase your income? No, but with time and effort it can help anyone improve financially and with goal setting. Behavior modification is not very easy, including how to manage finances. That can be one of the most important things you can do to help yourself achieve life’s basic money goals. Goals were made to be accomplished and surpassed.

In an uncertain world we have to do our best to help us be better prepared if another recession, depression or emergency were to occur in our lives. A layoff or a reduction in income can pop up at any time for anybody working for somebody else. Can you live on less than you make if it were to happen to you today? If you can just get over living the paycheck to paycheck syndrome you have succeeded in a personal goal that many people find too daunting. I will do another post in the near future and list all the bad things I am doing because nobody is 100% perfect in this life. But remember to keep striving to achieve a better more balanced you in this life.

What are some of the things you are doing right with money behavior that you would like to share?

Rich Uncle EL

Pic is credited to the movie called Man on Wire.