Welcome to the “Money Lies” series here on the wildly popular JosephSangl.com. In this series, I will be sharing many common money lies that people believe.
MONEY LIE #1: I just need to make more money to be able to win financially.
This is a terrible lie to believe. Here’s why: It gives us an excuse for not winning with our current income!
You see, if we buy this lie, it allows us to accept mediocrity right now. We have an excuse that satisfies us so we stay right where we are without making financial progress.
I’ve actually found that more money just amplifies my current financial behavior instead of improving it. The same is true for most people.
Here’s the MONEY TRUTH: You CAN win with the money you earn right now.
Have you been believing this money lie? If so, here are some practical steps you can take right now to begin winning with your current income:
- Prepare a written budget every single month BEFORE the month begins – use one of our FREE BUDGETS to get started.
- Set up an automatic contribution to your savings account of any amount (it could even be just $25) – set it up to be automatically taken out of your check!
- Begin automatically contributing to your company retirement account (or set one up for yourself if your employer doesn’t provide one) – contribute enough to obtain the full company match!
Read the entire series (available after 2/20/2013)