I teach that the steps you take to grow a garden are the same steps you take to grow your money. For example, the first step in growing a garden is to observe your current landscape. What is growing, what is dying. Are there weeds and pests? Is the irrigation working and are the timers set correctly? So too in growing your money the first step is to observe your current finances. What do you own versus owe? What do you earn versus spend? Do you have expensive credit cards or are you debt free?
Another step to growing a garden is getting clear on the type of garden you want. What seeds do you want to plant so that they will grow into the fruits and flowers you desire? After all, no point planting an apple tree when what you really love is oranges.
So too in your finances, knowing the type of life you want to lead will help determine how much you need to afford it. Having a big house on the beach with sports cars in the garage is going to cost more than a humble life in the country. Both lifestyles are valid, but the first choice will likely take more resources. It will require more seeds, more irrigation, additional time, and attention.
So where are you going? What is a life that would make you truly happy? And what is the cost of that life? Once you know your current finances, and you know your future financial needs, you can start building a bridge to get there, knowing the actions you take today will lead to the life of your dreams tomorrow.
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