Procrastination. We've all heard it and do it and it plays a really huge role in how fast you can reach your financial target. But more on that later.
The main reason I came up with this title is to address an attitude that I have. When I first decided to start blogging about my financial journey, I've actually set out a target to write a post at least twice a week. But I have procrastinated again and again after my first 3 post. And in order to improve, be it career, investment, savings or life in general, I really need to get rid of this habit.
Now back to how does this relate to investing or saving? It determines how fast you will eventually reach your financial target. We have all heard about the overly preached phrase that " Compounding interest is the 8th wonder of the world " stated by Einstein himself.
Read any financial book on investment and saving and they will tell you this exact same thing. That saving and investing starts now! The later you start, the longer and more difficult it is to reach financial freedom!
Now why is it people my age still don't get this? One gets a new job and he gets a new phone. After the first promotion, a new PC. Then comes a car. Then if we're lucky, that person finally decides to get a house.
I'm not saying that we shouldn't enjoy life, but there are many other better ways to spend our hard earned money other than to spend it on gadgets and items that only depreciates through time.
I guess I was lucky enough that my parents didn't always give me what I wanted when I was young and had to save my own money to get it. I believe this is part of why I started saying early.
Anyways, saving is just the first step and there are many more that we would need to take in order to reach our goal and I will cover that in the future. But for now, please, don't procrastinate and start to save!
