There is a quote out there that goes something like this, “the best time to start _________ was 15 years ago, the next best time is today.” All you must do is fill in the blank. I hear this quote with people who sell on Amazon, start a business, look to get fit, look to be financially free and with many other topics. In my life the hardest part has always been the start and how to do it. So at what age should you become financially stable.
Financially stable, what it means.
What does this even mean? Can a person be financially stable making ten bucks and hour and the other be financially unstable making $500k a year? I believe so. Matt Mayerle over at the creditninja.com describes financial stability as “ Being financially stable means that you have control over your finances. For example, you know where your money is spent, you have the income you need to pay your bills, and you’re saving for a rainy day.”
The big part here is the word CONTROL. Do you feel like you are in control or out of control. Can you pay your rent/mortgage on time without worry? Can you pay for your kids sports without getting stressed? How about putting food on the table? Do you have to worry you or your family will not have food to eat? Will you have enough left over to keep the lights on? How about savings?
You see, when you are in control of your finances, you do not have to worry about the things you have to buy that are necessities. Food, shelter, clothes, and water are probably the biggest necessities. These are bare minimum .
When Should You Become Financially Stable
The answer is an easy one. AS SOON AS YOU POSSIBLY CAN, but that doesn’t help anything.
It doesn’t matter how old you are, how long bills sit around or what happened in the past. Everyone is in a different position in their lives and everyone has a different dollar amount that will allow them to feel stable. For some that is living off social security, and for others that is making billions and blowing millions in the same breath.
The idea is that you want to reach a point of financial stability as soon as you can. Make it a priority. This will reduce the amount of stress in your life. It will improve your overall well being and allow you to create the life you always wanted.
The other idea… change is needed. If you feel broke and in an unstable position, it will take change to get where you want to go. Change your situation, change your future. No one else will do it for you. No matter what it is.
If it is your money, your wellbeing, or your life direction, to get better, you must stop what doesn’t work. Then make a change for improvement. This will mean you have to give something up to make it happen. It is not easy, but it is all up to you. Make the change and become financially stable as soon as you can.
If you need guidance….
In your finances or your life and not sure where to start. Hit me up and I will get you on the right track. Helping people is where my heart lights up every single time.
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