Transcript of video:
Everyone is searching for that ‘one thing’ that will propel them to financial success. I’m here to tell you what that ‘one thing’ is. Are you ready for it? Are you sure? Here it is…
Know where your money goes!
When I say this, I don’t mean having a general idea. I mean REALLY know where your money goes. Tracking your spending is much different than doing a budget. A budget is what you plan to do, but tracking is what you actually did. Many of us have a vague feeling that our money is slipping through our fingers. The money comes in and goes out, and the names and faces are changed to protect the innocent. Our bills pile up, and we obligate ourselves financially without much conscious thought.
As the old saying goes, ‘Knowing is half the battle.’ When we finally know where our money is going, we can make future spending decisions that align more closely with our goals. It is very difficult to make good decisions when your spending is unknown. Knowing where your money is going is the foundation on which the rest of your plans should be made. This is ‘the most important thing.’