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Do the steps to grow money feel way too big?
Let’s face it: Money and finance are huge topics. There’s savings accounts, banking, retirement accounts, stocks, bonds, interest rates, mortgages, checking accounts, traditional IRA’s, Roth IRA’s, college savings accounts, advisers, brokers, planners, insurance, cash flow, spreadsheets, accounting, taxes, legal issues, mutual funds, private money managers, index funds, exchange traded funds, debt, credit cards, debit cards, 401K’s, global investing, real estate, inflation, net worth and the psychology of money.
Yikes!!! Did I miss anything?
You know that this only scratches the surface on the topic of money! This truth can easily lead you to feel defeated and dumbfounded before you even begin learning how to grow money, much less invest money with confidence.
Let’s compare money and finance to technology, which is a subject that I and many others find so completely overwhelming that it’s easy to get stuck, like many women are with the foundational steps to grow money.
But, you probably know that technology is important both in your business and personal life for you to neglect it, just like you know how important money is!
So, here’s my practical solution to that dilemma…
I learn the minimum that I need to know do what I want to do next to get the results that I want from technology. Sometimes this involves shooting for perfection, but honestly, it usually involves doing “good enough”, which is a LOT easier than perfection.
This simplified approach helps me feel confident and proactive, instead of intimidated and confused.
After avoiding technology as much as possible for years, now I…
run a few websites, produce a newsletter, help others promote their businesses online, trade securities online, create simple graphics, “do” social media, record videos, hire and manage our team online, manage multiple email accounts, do spreadsheets, tons of documents and host webinars.
But I didn’t start doing this all at once. I learned the first step from someone who had done it, and I took that step. I measured progress, prioritized, and took the next step. And I rinsed and repeated….it’s a process.
And do you know what happened? Technology got less and less intimidating with every step, and I gained confidence with every step as I saw positive results.
Now I use all of this to make my life more productive, and more prosperous.
In the same way, you can use steps to help you grow money by taking one step at a time.
Once you get going with the right foundation steps to grow money, then you take the next step, measure progress, prioritize and take the next step. And you feel empowered and confident as you see your progress.
So, the foundation steps to grow money aren’t big and complex; they’re basic things, like…
- Getting clear goals about what you want
- Creating good money habits to get it
- Dumping bad money habits
- Tracking your money
- Increasing what you’re able to put aside to grow
- Knowing what you own and owe
- Learning how to increase what you have
These are the foundation steps to grow money. You can avoid feeling overwhelmed by taking them one step at a time….so, make it happen and take them one step at a time. What’s the very next step for you to grow money so that you can get what you want in your life?
If you want my help taking these steps, be sure to check out my new program that will lead you right through the steps here.