20 minutes a day can change your financial future
We recently saw a great article by Natalie Bacon on how to get your finances in order by committing to 20 minutes a day. The trick to this is spending small increments of time each day to expand on your money knowledge in a big way. Instead of feeling overwhelmed with tons of information flying at you from all over the financial realm, you take it in baby steps to fully understand how to manage your money and achieve your financial goals.
Set a time in your day to learn about money
Get in the habit of setting a time each morning to listen to a 20-minute podcast to get your creative money juices flowing. Or, if the afternoon works better for you, then thatâ€™ll work just fine too. Once you get in the habit, itâ€™ll feel natural to take the time to enhance your money management skills. Try staying on time every day when it comes to learning about how to get smart about money. Itâ€™ll benefit you in the long run.
What can you do during your 20-minute sessions? Natalie BaconÂ suggests the following:
- You can readÂ personal finance books.
- You can subscribe toÂ personal finance blogs and read them regularly.
- You can listen to financial podcasts (some examples: Â Dave Ramsey, Suze Orman, or Bad With Money by Gaby Dunn).
- You can spend time on your own finances, by organizing andÂ budgetingÂ your money.
Start with whatever is going to get you motivated faster. If youâ€™re a bookworm, then reading educational blogs might be the easiest way to spark your interest. If you like listening to podcasts, then perhaps your money guru time will be best spent in the car on the way to or from work. And if youâ€™re a music lover, perhaps you should make a music playlist thatâ€™ll get you pumped about your finances. Here are some song examples thatâ€™ll get your hyped about your future finances:
- Just got Paid by Nsync
- All I do is win by DJ Khaled
- Donâ€™t stop Believing by Journey
- We are the Champions by Queen and Paul Rogers
- Sweet Victory by David Glen Eisley
Why 20 minutes to learn about money?
20 minutes is short enough so that you can do it every day. And doing something every day is whatâ€™s needed to integrate a new habit into your life. Plus, itâ€™s easy to do. You can find time for 20 minutes each day, making it feasible to develop new skills like money management and learning about financial literacy. According to Nataliebacon.com, â€œItâ€™s your habits that determine your success. Itâ€™s the little daily disciplines that become the difference between failure and success. So, if you want to be successful with money, start with 20 minutes a day.â€
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