The 3 D’s of Personal Finance

A personal finance journey is unique to every individual, it’s like fingerprints – No two journeys are exactly the same. You and your money situation are unlike anything else because YOU! Are unlike anyone else.

Even though we all relate to money on our own terms, I have realised that there are 3 things that everyone must have in order to make a success of their personal journey, they are:

Direction, Discipline & Diligence.

Direction: You need to know where you want your money to go. Have an idea, not just any idea too, have a good idea of what you want your relationship with money to be like in the future. Have a picture of what your idea financial situation looks like and plan how you will get yourself from your current position to that situation.

Ask yourself about the financial milestones that you would like to reach within the next year?  Plan your long-term and short-term financial goals.

Think, in five years’ time, where do you want your relationship with money to be? Do you still want to be broke and struggling to make ends meet with no money in your savings account or do you want to have a fully funded emergency fund, living the wonderful debt free life. If five years is too far for you, feel free to plan/plot for a more realistic time frame, but make sure that you definitely have a direction. Trust me, it will make a HUGE difference. The people that successfully save money for deposits on their first home, manage to do so by having a goal/destination/direction for their money.

“Lack of direction, not lack of time, is the problem. We all have twenty-four hour days.” 
― Zig Ziglar

Discipline: This can often be a swear word to the average millennial but I need you to rock with me for a second. We live in a consumerist world and marketing is big business. We are constantly fed with images of the ideal life and told that we can attain that life by buying out way into it. This is how so many of us get into debt and mess up our personal finances in the first place.

In order to make a success of our personal finances, we all need to adopt some discipline. Know your boundaries and train yourself to stick to them. This means you can no longer buy into every single fashion trend, go on fancy and expensive holidays all year round and constantly go out eat etc. Because you have a direction/destination for your money, you now need to build behaviours that will get you where you want to go and this means saying no to certain bad habits.

If you look closely, you will notice that most high net-worth individuals or the people we will refer to as #moneygoals are very disciplined with their finances. A lack of discipline is probably the worst thing affecting our personal finances right now.

“Discipline is the bridge between goals and accomplishment. – Jim Rohn”

“We do what we HAVE to do, so we can do what we WANT to do. – Denzel Washington.”

Diligence: Being diligent means sticking at something, doing it with purpose, passion and gusto. This is how you should approach your personal finance journey. Purpose in your heart to make a success of the journey & don’t give up until you finally get to the place you want to be.

I want to be completely honest with you here, this thing is not easy. Just like going to the gym to lose weight, rehabilitating your relationship with money or starting a personal finance journey is not for the feint hearted. It takes actual work. This means that there will surely be times when you fall off the wagon. If managing your own money is new to you, there will be days when you will want to give up and spend, spend, spend. This is normal and is to be expected. Whatever you do, please do not give up on yourself.

Listen, personal finance is not this thing that only the people with green blood are supposed to do (note: there are no people with green blood). If you fall off the horse just put your #adulting knickers on and get right up. You know why you are working so hard and when you finally get there, it will really be worth it. If you quite on yourself you will never get there.

“If at first you don’t succeed, dust yourself off, and try again, you can dust it off and try again, try again. – Aaliyah”




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