The Importance of Consistency
To accomplish anything great, it will usually require consistent effort over long periods of time. Here are some examples:
- Run a 26.2 mile marathon – I’ve run two of these events, the San Diego Rock ‘N Roll Marathon and the Houston Marathon. Each one required several months of intense training.
- Pay off a house – I was able to accomplish this by age 38. It took years of consistent and intentional focus to accomplish this major financial goal.
- Education – It takes 13 years of consistent performance to obtain a high school diploma. Four years of effort to earn a bachelor’s degree. More for a professional graduate degree.
- Raise a great child – I’ve not successfully done this – yet! With a 13 year old, a 3 year old, and a baby in the house, we are well aware of the need for consistency and its important role in raising a great child!
- Losing weight – Anyone who has faced the challenge of losing weight and succeeded clearly understands the power of consistency in maintaining a good diet and regular exercise.
- Building a business – Rarely is a business built overnight. I once heard one of my financial heroes, Dave Ramsey, say, “It took us 17 years of hard work to become an overnight success.”
Consistency allows you to accomplish “elephant-sized” dreams and objectives “one bite at a time.” To achieve long term financial success, here are some key financial practices one must strive to consistently employ:
Make it your habit to live a generous life. Consistent giving ensures I am constantly aware of the great needs of others.
You can not prosper financially if you do not save.
Investing a little bit of money all of the time usually trumps investing lots of money every now and then.
Giving every dollar a name every single month will ensure that all of your finances are used to their maximum potential.
Continually learn about money
Your financial education is built over time – just like your regular education. Commit to consistently learn about money.
If you do not have all of your assets consistently insured, you will be at risk of losing everything you have built up.
Are you living a consistent financial life?