Bigger Pockets Money: The “Deathbed Toolkit” That Makes Building Wealth Much More Enjoyable
A bear market is a time to build. It’s a time to get out of past speculations that haven’t worked. And to start building a stronger financial foundation that can stand the tests of time going forward.
For many, fear remains a problem. That could be the fear of not knowing what to do. Or how to get started. Or how to stick with a plan when it appears that it’s not working in the short term.
Those who are living the last few months of their life will often look back and reflect on what they’ve done. And what they wish they could have done. Upon reflection, it’s clear to many that there are things they should have done.
One of the biggest issues people face with getting their finances in order is the “once I have” syndrome. It’s the idea that no progress should be made towards a goal until after another certain goal is met.
If you’ve ever thought about what you’d do “once you have” one million dollars, it may be time to think about how to accomplish that goal. Or at least work towards it today.
It’s also clear that you can find a path in life that rewards you financially that you love. It may mean giving up the certainty or bigger paycheck of work you don’t enjoy.
It may be a struggle. But the rewards aren’t just material. Taking appropriate risks, and making upfront sacrifices can avoid the feeling of a life wasted – financially or otherwise.