In this seven-week series, we are using the book, “The 7 Habits of Highly Effective People,” by the late Stephen Covey, and applying it to the NDQ method and philosophy of building wealth.
Habit 1: Be Proactive
What does it mean to be proactive? It means to accept that you are responsible for you life, your decisions and choices. There’s no one to blame for who you are and where you are. You make choices and your life is the result of what you have done and achieved. If you’re not happy with your life, guess what? You can change it. You can make different decisions. You can take a new path, new direction and right the wrongs as you see them.
If you want to retire early or retire on time, it’s up to you to develop a plan. It’s not the responsibility of your employer to take care of you, nor your government. If it turns out that those resources end up being available, then great. But it’s up to you to control of the bulk of your retirement. Do you need to get educated about the variety of investment options available? Hit the library and start reading. Read blogs and websites devoted to personal finance.
Once you get educated and have an understanding of where you can put your savings, develop a plan of your own. I use a simple spiral notebook. Each page contains notes on investment plans, steps to achieve the goals and lists of new areas to evaluate that could save money and add more to my investment accounts.
The most important items to get done are what Covey calls “Big Rocks.” When you plan out your weekly schedule, Covey recommends scheduling the Big Rocks first and then letting the smaller tasks and less important functions fill in the time around the priorities. Planning your week around your most important activities will instill that feeling of accomplishment that can keep us motivated even when we might feel we aren’t making the progress we desire. Keep this up each week, and the years will follow.
Being proactive is powerful. When you make the choice the take responsibility for your own life and your own money, you start to feel like there is nothing you can’t do. Enjoy the power. You can use that new sense of self in other areas of your life as well. But taking control of your future will add more purpose to each day and your future will be amazing.
p.s. Check out the new NDQ Guide: 500 Tips the guide that will give you actionable steps to jump start your savings and investing immediately.
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