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Dancing the Three Step Personal Finance Waltz
Posted By Ron On March 25, 2008 @ 12:01 AM In Life | Comments Disabled
A waltz is a classic, three step musical composition with the old 1, 2, 3, 1, 2, 3, 1, 2, 3 rhythm. It is a joy to dance (with a little practice and a great metaphor for personal finance. Many great things come in three’s. The classic rock and roll songs have three cords, a stool needs a minimum of three legs to stand, and a good essay (according to Mr. Inman in 8th grade) has three points.
When I decided to change my personal financial life for the better, I unknowingly incorporated a three step process as well. Within each of these three steps are three smaller defining steps I had to take. Here they are:
To alter your financial destiny, you’ll have to change your course. The size of your financial ship will determine how much time it takes to fully turn it around and usually, the larger the ship, the longer it takes to turn it around. Of course, sometimes events such as hurricanes or very severe weather can alter a ship’s course very quickly, but let’s hope that doesn’t happen to you or me! To begin the process of change, you’ll need to take these three mini steps:
Just like sailors in the old days used a sextant to keep them on course by watching stars and measuring them according to three points, you’ll need more than just one change to keep your financial ship on course. I had to learn new ways of thinking to keep myself out of trouble. I had to learn entirely new ways of looking at money and financial resources. I had to learn new ways of looking at investments. My previous way of thinking had gotten me no where pretty fast. I had to learn what it meant to really manage my money. I did this by:
No one will do this for you. No one will ever care more about your personal financial situation than you yourself. You have to generate within yourself the attitude of gazelle intensity that so many bloggers talk about. You have to outrun the lions of poor budgeting , the lions of poor financial planning, and the lions of out of control debt. How?
In this article, I haven’t included a lot of numbers, financial, or technical information because none of that is nearly as important as the space between your ears. If you can get it in your mind that you’re going to change your financial destiny, you’ve won 75 percent of the battle. You may not have fully turned the ship around, but you’ll have made the rudder adjustments and have your charts out with a newly plotted course. Knowing where you’re going is just as important as knowing how you’ll get there.
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 establishing a budget: http://beingfrugal.net/2008/03/03/how-to-make-a-budget/
 Consumer Credit Counseling Services: http://www.cccservices.com/
 The Total Money Makeover: A Proven Plan for Financial Fitness: http://www.amazon.com/gp/product/0785289089?ie=UTF8&tag=thewisjou-20&linkCode=as2&camp=1789&creative=9325&creativeASIN=0785289089
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 you may have to change your friends: http://www.thewisdomjournal.com/Blog/to-change-your-financial-life-you-may-have-to-change-your-friends/
 friends: http://www.thewisdomjournal.com/Blog/7-people-you-absolutely-need-in-your-life/
 budgeting: http://www.thewisdomjournal.com/Blog/go/budget.php/
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