This post is as true today as it was when I first published it two years ago. And it was a great reminder to me that going back to the basics can help you, no matter how far along you are in your financial journey. Our “secret weapon” is something we need to continually practice in our over-the-top excessive neighborhood because we have so very much. Hope this post helps you as much as it helped me this morning!
On our journey to financial independence, most of us know by now that we need to spend less than we earn and invest the difference. There is no magic formula for building wealth, other than focus, restraint, and patience.
Or is there?
It’s been said that personal finance is 90% behavioral. For our family, that was definitely true. We understood the how of personal finance pretty quickly, and in fact, the more we simplified, the better results we had. Pay off debt, max out retirement accounts, invest in low-fee index funds. The why of personal finance was much more difficult. It’s been much harder to curb our desire to spend in the here and now for such a distant goal. Continue reading “Our Secret Weapon Towards Financial Independence”