One or Two Decisions Away From Changing Financial Future

After being able to serve more than 1,000,000 people with personal financial teaching and resources, it has become very clear to me that most people are just one or two major decisions away from completely changing their financial future.

Not twenty. Not forty. Just one or two.

And these key decisions are usually far easier to implement than most people think.

Consider the 23 year-old young woman who just obtained her first full-time “career” job earning $40,000 per year. Since she has just exited college, a $20 bill is like a million dollars. So she makes a decision in the human resources office to max out her contribution to the company retirement savings plan which is 13-percent of gross income at her place of employment. The company matches her contribution with an additional 3-percent. Even if she never receives a raise over her 44 year career, she will end up with over $5 million for retirement. Just one decision made the difference.

Or the 55 year-old couple who decided to eliminate their debt, including their home mortgage, by the time they retire at age 66. By doing so, they lower their monthly cost of living from $5,000 per month to $2,500 per month. This will allow their retirement nest egg to last more than twice as long. Just one decision made the difference.

Another person decided to invest in rental homes beginning at age 40 and managed to purchase and pay off 25 of them by age 70. With average rent of $500 per month, her investments are delivering $12,500 per month in gross income plus the homes are worth a combined total of $2 million. Just one decision to embrace the awkwardness of learning the rental investment business changed the trajectory of her retirement.

In my case, my pathway to financial success began with the simple implementation of a monthly budget. It allowed me to be very intentional with each and every dollar I received. As a result, I was able to prioritize giving, saving, and investing. It allowed my family to move into living a fully funded lifeJust one decision made the difference.

QUESTION: What are one or two decisions you need to make to completely change your financial future?


  1. Brad on June 25, 2014 at 12:16 pm

    I have been trying to get on the same page about planning and budgeting with my wife for 4 years. I have always been a Dave Ramsey fan and have always believed that budgeting actually created flexibility/options and not brought death. My bride disagreed! After hearing you speak about it, my wife was on board by the grace of God. Just sitting down and “spending our money ahead of time”, that one single action, has put more money into our retirement and savings in the last year than the previous 4 years combined. Thank you, thank you, thank you for the work you are doing! Our future selves will be so thankful for this one action.

  2. Patricia Bailey on June 26, 2014 at 2:13 pm

    Impulse spending is my greatest culprit. I do my budget faithfully and follow the payoff schedules. But let a sale present itself and I am off for the races. My favorite store is going out of business so I stop by weekly to see what the new reductions are. When I can get a 80.00 shirt for $20.00 it’s just too hard to resist. So I charge it because of course I don’t have any cash because I told my chase what to do (pay bills). Now I have an extra bill to pay off. It may be something that I can pay off right away but that is also money that could have been used to pay off other existing bills that I am paying down. I get really frustrated with my own self defeating behavior. My new resolve is to stay away from the mall.

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