Do you get as frustrated as I get when you see an overweight person excuse their obesity by saying “I tried dieting and it doesn’t work for me.” They are convinced that their genetic makeup is completely different from that of the majority of the human population, and that their DNA somehow gains weight even if all they eat is diet lettuce (hey maybe I could sell that?)
Can you believe there are some people that subscribe to a similar belief with respect to their financial life? They “try” saving or budgeting, but after realizing they aren’t millionaires by weeks end, they give up. These people are straight up wacko. It’s like they are trying to run a sprint without knowing they signed up for a marathon. News Flash: Your financial situation wont change overnight.
Personal Finance is about endurance. In reality, it’s a lifelong race, that only ends once you find yourself in a casket. It’s about continually bettering your situation so that, over time, your overall quality of life is improved. When you look at PF with a short term perspective, chances are very little will change. You can’t eat a salad for lunch and expect to weigh 20 pounds less at the end of the day…can you? NO! So don’t can’t expect your budget to make you millions over night.
The big life lesson I have learned because of personal finance: Patience. That’s right mother truckers, PF is all about patience. I want so badly for my student loan to disappear, but I know I have 400 more days before that dream becomes reality. If you aren’t willing to focus your attention on managing your money better, it’s not even worth trying. Quit now, run up your credit card bill, and find a friend to complain to about how difficult your life is.