What sacrifices do you make to achieve success? When we want to become successful in certain areas in life, there are always sacrifices that need to be made. If you want to lose weight, you may sacrifice the sweets and fast food. If you want a successful career, you may sacrifice free time. To become financially secure you may need to sacrifice unnecessary spending and immediate gratification.
One very important sacrifice to make
Regardless of our goals, one thing we would all benefit from sacrificing is the ‘old way of thinking.’ Adaptation is a major key to success in today’s world. When we continue to do what we have always done, we will continue to get what we have always gotten. Complacency is the enemy. Sacrificing your old pattern of thoughts and behaviours is the key to achieving things in our life that have not yet been achieved.
Let’s say for this example that your goal is to get a promotion at work, but you’re only willing to work the ‘required hours.’ If someone else is willing to sacrifice time and work extra to get better results, who deserves the promotion?
Another example could be if your goal is to save $5000 in 12 months. If you constantly insist on buying takeaway lunch every day because ‘you deserve it,’ you most likely will not reach your goal.
What behaviours are limiting you to move forward?
Consider what sacrifices you have had to make to achieve success. Also consider what old thoughts and behaviours might be limiting you from ‘taking the next step.’ For example, your current behaviour might be to grab that $15 lunch at work every day, instead of preparing and bringing food from home (much cheaper). Now, $15 a day may not seem like much. However, over a long period of time, this can really add up, especially if instead you decide to invest it into something that is income producing (like an investment property or high interest savings account).
At Option Wealth, we try to help clients make small, subtle changes financially that can pay dividends in the long run, all the while letting them maintain as close to their current lifestyle as possible. That being said, most clients realise that they cannot continue on their current path and expect different results; they are ready and willing to make the little sacrifices.
With expert advice and some small changes– something like taking your lunch to work and saving $15 a day–you can find that you may be able to pay your mortgage off sooner, divert some of your tax or even leave a legacy behind for loved ones. Remember, you want your money to work for you and not the other way around. Let us see if we can help you achieve some of your financial goals!