Did you abandon your budget last month… AGAIN?!?
How can you gain the discipline to achieve your personal finance goals?
It’s easy; Reward yourself regularly!
This is very important, very insightful, very potent stuff.
Here’s what you need to do.
First, grab a piece of paper and a pen.
Seriously,… go get it right now!
I don’t care where you are, work, home or school. Go grab a blank piece of paper, and a pen and come back. I will still be here.
Don’t be one of the slacker 90% who will just casually read this without doing the exercise, and then go on making the same mistakes they’ve made for years.
I promise that if you just take 2 minutes to do this, it will help you reach your goals. You won’t be able to resist getting better, it’s human nature!
Now, on this piece of paper make a list of possible rewards for yourself from very inexpensive to expensive.
Include little things that might make you happy, and also big things that might make you happy.
Write down as many things as you can think of, it could be 10 things or it could be 100 things.
Don’t underestimate simple things that you might enjoy. Write them all down.
It could be a new music CD, a movie on DVD, just going out for lunch at Five Guys, or it could be going out to dinner at your favorite restaurant, even buying yourself a $45 bottle of champagne.
Make a list of those basic things too.
It could also be something more expensive like a Gibson Les Paul guitar, a new car, or a trip to the Virgin Islands.
Create a list of a lot of different rewards ranging in value. Write down as many things as you can think of in a few minutes.
Now what you need to start to do is after you review your monthly spending and stick to your budget you need to reward yourself.
This starts to create positive feedback for your mind.
“Hey, I stuck to my plan and as a result my life became better in some way, even if just a little bit. I am proud of myself.”
It’s very, very powerful.
Anytime I stick to my plan for a few months I reward myself.
It makes a really big difference.
Then, do something nice for yourself.
Go out and say clearly, “Tonight, I’m going to go out and get that new CD I’ve wanted to buy just because I stayed within my budget for the last two, three, or six months.”
Every time you listen to that CD it’s going to sound and feel much better because it is now connected with you making the right decisions.
It also helps reinforce in your mind that behaving with discipline and creating good habits equals a better life… and a bigger bank account!
What are some of the silly little pleasures on your reward list? Let me know in the comments below and I’ll share some of mine later today!
Meet the Author – James Fowlkes
James Fowlkes is a writer and investor extraordinaire. He teaches readers how to make more money investing and manage their finances. @ http://www.jamesfowlkes.com
|How I Suck at Not Paying Debts||Hitting 6 Figures Income at 28|
|How I Get a Huge Income Raise Each Year||Making $125K Online in 12 months|
|How I Buy Blogs||Most Debated Articles: The Primerica Saga|
|How I Have Survived My MBA||What is So Wrong With Making Money?|
|How I run multiples blogs and makes money without burning out|