Does it sometimes feel so difficult to make a change? You might decide that you want to pay off your debt, but you're not really sure how to get started?
According to Newton's first law of motion,
An object at rest stays at rest and an object in motion stays in motion with the same speed and in the same direction unless acted upon by an unbalanced force.
So basically, sometimes the hardest part is just getting started. Once you get started, your momentum will help keep you going.
To relate physics to finance, once you take the first steps to paying off debt and start to see some measurable decrease in the total amount you owe, it becomes easier to keep going. As you continue to pay off your debts, it motivates you to shave off even more expenses to see how quickly you can pay it off until one day, you're debt-free!
That's not to say that the journey won't include lots of hard work, but the freedom of being debt-free will make it all worthwhile.
What's your first step? Well, that depends on your financial goal.
If it's getting out of debt, then it's assessing how much you owe in total.
If it's creating a budget that works for your family, it's getting started figuring out your expenses so you can figure out a realistic budget.
If it's cutting expenses, it's looking for easy expenses you can quickly lower.
If it's saving money, open a savings account.
If it's paying off your mortgage early, start adding a little bit extra to your monthly payment.
Just take the first step, and then the next one, and then the next one. You'll likely find that looking at each step is way less daunting than looking at the overall goal.
Over the next month, I'll post more about first steps and how to achieve your financial goals as part of my New Year, New Financial You series.
What about you? Do you find that once you get started that it becomes easier to just keep going?
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