Okay, maybe getting rich isn’t boring but I was trying to think of a catchy title and that’s all my little brain could come up with.
What is my Point?
The point of this post is that I’m a firm believer in the immense power of small, intentional actions performed over a long period of time. Hopefully the little rituals and habits in our financial life will build towards a life of wealth that will allow us to “live like no one else” (Dave Ramsey quote).
For instance, I know that I have to do 5 things to have a wonderful day no matter what happens.
- Get up early (approx 5am)
- Work out (preferably early)
- Read a book
- pray or read my bible (do something that feeds my soul. I firmly believe in this)
- Go to bed early. I can’t say that I do them every day, but I do them most days. Even on the weekend. Especially on the weekend.
I eat the same breakfast every morning; steel cut oats with honey or agave. It took me years to realize that I appreciate my energy and health more than a few bites of pancakes or cereal. And when I eat that breakfast, I don’t have a mid-morning or mid-afternoon drops in energy. It’s healthy. … etc etc etc. But the point is that it’s boring.
Our lives are not exciting. They are methodical, repetitive and boring. We open our mail and work on our finances one night ever week and honestly sometimes it sucks. But one of the common elements that Tom Stanley pointed out about millionaires in his books “Millionaire Next Door” and “Millionaire Mind” are that wealthy people have disciplined, consistent, efficient lifestyles. It’s not that we are following his book like an instruction manual, but much of his descriptions of wealthy people apply to us. It gives me hope that we are on a good financial path.
What most people see about wealthy people is the wealth. But they hardly ever see the time and energy it took and they especially don’t think about the boring parts of it.
Boring? Far from it
This isn’t to say we have a boring life. We definitely have plenty of fun, spontaneity and ups and downs. But we have tried to automate those parts of our life that will hopefully lead to long term success and peace of mind. Being able to save some money and knowing that those parts of our lives are in place allows us to enjoy other parts like time with the kids, friends, family etc.
I’ll feel even better when we have paid off our debts, built up our passive income and have more wealth in non-house assets. But we’re on our way to getting there. Every month we are investing 15%, contributing to our kids college funds, pay down debt, etc.
Bottom line, what are the small first things that you can do consistently over time to improve your lifestyle, outlook, financial picture, career, etc. Leave me your feedback. I would love to hear your thoughts on this.