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Get Money Fit
By: Ayse Hogan |
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When I was younger, let’s say in my mid-twenties, I
worked out in the gym almost 3 hours every day. I
watched every morsel of food that went into my mouth and
made sure I drank my eight glasses of water daily. I
took my vitamins and slept well. It had become my
lifestyle. Some people might think I was obsessed, but
others (including myself) felt that I simply cared about
my physical fitness.
Why am I telling you this story? Because, I still find
it ironic that many of us will spend so much time on our
physical appearance and our inner health, but so little
time on becoming money fit. Attaining financial fitness
and physical fitness, surprisingly, are extremely
parallel.
Firstly, you need to recognize that there is a problem,
whether it’s a flabby gut or a huge mountain of debt,
with a small bank account.
Secondly, you need to decide on a clear goal, write it
down and make a commitment to yourself that you will
follow through to obtain that goal, no matter what the
cost. Like physical fitness, doing anything new takes
time and can be painful, you just need to get through
the first few weeks or first month and before you know
it, you’ve developed new habits and you’re feeling
better. Oh by the way, you will feel guilty when you
stray from your new path.
Thirdly, you need to design a plan (a workout regime) to
get fit. Write down who you owe, and start by paying off
the smallest debts first and working your way up…when
you don’t owe as many creditors the weight becomes
easier to lift. Make a budget and follow it through,
make adjustments when necessary, but always keep your
eye on the prize. You!! |
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