I found this article at my office today and the title caught my eye and I wanted to share:
The Five Ages of "Can't"
At every stage in life there always seem to be other priorities that prevent you from putting a financial plan in place.
1 - Ages 21-30
"I can't save now. I am just getting my start in life. I don't make a lot yet, and I am entitled to a little fun when I am young. There's plenty of time. Wait until i start making a little more...then I'll save.
2 - Ages 31-45
"I can't save now. I've got a growing family on my hands. Children and a house cost a lot of money. It takes all I have to keep them going. As soon as they are a little older, it'll cost less. Then I'll save."
3- Ages 45-55
"I can't save now. I've got two children in college. It's all I can do to pay their expenses. In fact, I had to borrow for their tuition last fall. This is the most expensive period in my life. I can't save a penny."
4 - Ages 55-65
" I can't save now. I know I should. It's not easy at my age to step out and get a better job. I'll be lucky to ride along where I am. Maybe I'll get a lucky break..."
5- Age 65
"I can't save now. We're living with my son and his wife. My $125 a week from Canada Pension doesn't go far. I wish I had started saving 20 years ago, but it's is too late now. i can't save now where there's no income."
The end.
Quotes:
"Where you find yourself tomorrow is a function of the positive decisions and actions you take today."
"The way to get started is to quit talking and begin doing." - Walt Disney
A note from me:
You could read this blog post and think, hmm good advice (for someone else) but not me. Or you could have a little faith in yourself that you can make small steps and changes towards a more satisfied version of you. Making decisions that feel good have a snowball effect throughout your whole life - one leads to "wow that felt better than I thought, what other areas can I start to tweak a little bit just enough to change the direction of momentum"
With Love,
Grace
