The Race – Who Will Win?

As children, we’ve all heard the story about the tortoise and the hare challenging each other to a race.

We were shocked to learn at the end of the story that the slow-poke turtle beat the lickety-split rabbit.

Would it shock you to learn that people who choose the turtle approach with their finances usually end up much better off than those who choose the long-eared approach?

Those that choose the rabbit approach use the following two-step logic:

  1. “I wanted to buy a truck, and I was able to buy it that very day!”
  2. “Now, I want to get out of debt today, so I should be able to become debt free this very day!”

When their urgent desire to fix their financial situation wanes, the debt still remains and they give up.

Those that choose the turtle approach use the following two-step logic:

  1. “It was a series of decisions that put me in this financial situation.”
  2. “It will take a series of decisions that will take me to the financial situation I desire.”

Do you see the difference in the approach? Do you feel it?

I wanted to become debt free except for my house on December 2, 2002 when I experienced my IHHE Moment. But it took a series of committed decisions over 14 long months for my family to achieve debt freedom.

Which process will you choose? Or which process have you chosen?

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  1. Emily on May 17, 2012 at 8:13 am

    The turtle approach takes discipline and the will to forfeit the little things for the reward of the bigger things. Thanks for sharing.

  2. Travis on May 17, 2012 at 11:49 am

    It’s the same idea behind (not all, but I would venture to say a large portion of) gastric bypass type surgeries to lose weight. What took years of bad choices to create is “wiped away” in just a few hours. The problem with this (and bankruptcy and winning the lottery and other “get rich quick” type things) is that if the behaviors that caused the problems aren’t dealt with, the symptoms will just come back eventually. There really is no way to fix it but the painful process of changing our behavior! Great thoughts, Joe!

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