As children, we’ve all heard the story about the tortoise and the hare challenging each other to a race.
We were shocked to learn at the end of the story that the slow-poke turtle beat the lickety-split rabbit.
Would it shock you to learn that people who choose the turtle approach with their finances usually end up much better off than those who choose the long-eared approach?
Those that choose the rabbit approach use the following two-step logic:
- “I wanted to buy a truck, and I was able to buy it that very day!”
- “Now, I want to get out of debt today, so I should be able to become debt free this very day!”
When their urgent desire to fix their financial situation wanes, the debt still remains and they give up.
Those that choose the turtle approach use the following two-step logic:
- “It was a series of decisions that put me in this financial situation.”
- “It will take a series of decisions that will take me to the financial situation I desire.”
Do you see the difference in the approach? Do you feel it?
I wanted to become debt free except for my house on December 2, 2002 when I experienced my IHHE Moment. But it took a series of committed decisions over 14 long months for my family to achieve debt freedom.
Which process will you choose? Or which process have you chosen?