I have talked a lot in these blogs about the what’s and how’s of scrimping and saving for a “rainy day” but today I’d like to talk about the why. That glorious goal! In order to keep your spending under control and not keep living for that constant instant gratification it’s important to keep sight of the dream.
What kind of a vision do you have? What would you do if you had money? When you have your ideal future visualized, it’s much easier to give up all those pricey extravagances that you feel you must treat yourself to regularly.
Be specific, really immerse yourself in the dream. If you have a life partner have fun dreaming together. It makes for fun dinnertime or cocktail hour conversation. Would you buy a nice house somewhere? On the beach? In the mountains? Go on an adventure? Buy a motor home and tour the country? Travel to other parts of the world? Treat your family (and future grandkids) to some fun vacations? Save photo’s that you would like your life to look like someday.
Just think how nice it will be to be able to look forward to your retirement years rather than start panicking as the time approaches, wondering how you will live when the paychecks stop coming. It will be such a wonderful feeling to look forward to those golden years knowing that you have enough to live on and then some. Think how nice it would be to have enough money put aside so that you never have to work again. If you do work it will be on your own terms at something you enjoy doing.
It really isn’t that hard. The earlier you start, of course, the easier it will be. But even if you didn’t start early you can start right now and you will be amazed at how quickly the money can add up when you are putting it away at a steady automatic rate and investing it for that compounding interest.
So, go ahead and dream! Dreams can and do become reality!