Welcome to Wise & Wealthy: A weekly newsletter full of proven ideas to become smarter and wealthier. I send this every Monday.
#138 – August 19, 2024
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Putting off money goals
I was talking to a friend recently and he mentioned how he always procrastinates leaving a job that doesn’t pay well. He has been stuck in his position for over five years.
But every time I ask him about when he would actually leave, he always has an excuse:
- “I’m waiting for a bonus”
- “I need to save up more money first”
- “I just don’t have enough time to job search right now”
It’s natural for humans to put off major life goals. Whether it’s changing jobs, starting your own business, or negotiating a higher salary, it can be easy to make excuses and procrastinate.
This is why clarity is important when it comes to our money goals (or any goal).
Instead of saying, “I want to earn more,” define what “more” means. Is it an additional $30,000 a year? A promotion to a higher managerial role? By setting these specific targets, you create a clear path forward.
More on this, plus 3 additional tips on how to stop procrastinating your money goals in my latest article.
↳ If You Want to Earn More, Stop Procrastinating
One interesting thing
Here’s a great idea about communication from the book ‘Contagious‘ by Jonah Berger:
“People don’t think in terms of information. They think in terms of narratives. But while people focus on the story itself, information comes along for the ride.”
Whenever we have important information to share or communicate, whether that’s a class presentation, a client pitch, etc., we focus on telling stories.
Stories capture our attention much better than just sharing stats, facts, or plain information.
Thanks for reading! I hope you found this edition of Wise & Wealthy useful.
All the best,
Darius
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