Small Steps + Momentum = Success

We often get distracted by the details and technicalities of finance and money. We hear the supposed experts talk about what we should or should not do with our money. They advise us to break up with Starbucks and to save the max in our 401Ks if we ever want a shot at retiring.

The problem is, we all have different views and different goals when it comes to our own personal finances. While it’s true there are many, “best practices”, that can easily be implemented to save and invest more, each of us value different things.

Instead of getting frustrated and distracted by all the noise, strive to make small steps that will add up over time. A small step could be increasing your 401K by 1%, not necessarily maxing it out which for many is unrealistic. It could also be committing to save $50 or $100 per month in a savings account where before you weren’t saving anything at all.

Whatever you do, don’t get hung up on the end-result, which can be daunting. Focusing on the final amount you’ll need to retire, for example, can seem unattainable. Focus instead on the process. The process of every month adding a little more to your savings or investments and feeling good about seeing the balances grow over time. This is what gets you to where you want to be.

These small steps will add up over time and provide you with one of the most powerful factors in achieving any goal: Momentum. Rick

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