Today as i was going through my journal, i noticed a quote i had written to myself earlier this year. “While the bigger things matters, it’s the little things that are the building blocks to the bigger things that matter most.” I thought this was very telling and is indeed very applicable to personal finance for any individual like me trying to get out of debt. Notice that everyone “little things” & “big things” will be different, but it’s certainly encouraging to know that the small steps taken, are leading to a journey of financial freedom.
Here are some things for consideration
The “Little Things”
- Paying bills on time
- Creating and living on a budget
- Getting a list of all debts
- Setting aside 1000 Emergency fund for the rainy day
- Setting and achieving monthly goals
- Paying off small debts
- Tithing 10%
The “Bigger Things”
- Pay off all soft debts including mortgage & student loans
- Put together a long term financial plan
- Max out the retirement Investment
- Invest in college funds for kids
- Start a business debt free
Remember, if you cannot be entrusted with little things, then the bigger things will not come your way. This is a fundamental life principle, and indeed a biblical principle (Like 16:10)
What are your “Little things” or “Big things”?
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