Financial success is about consistency

by - October 10, 2016

Consistency is key to financial freedom. To be consistent means to fully dedicate yourself completely to a task, activity or goal. It means to fully stay engaged even when there are distraction.

The areas of your life that are successful are the areas you are consistent in -- whatever they may be.

In my 20s, I began saving and investing consistenly. Although I didn't know what I was doing, I did anyways. And as time went by, I started doing it with a purpose and that yielded better fruit. Over the course of 15 years, my investments and savings earned me a good return. At age 34, those savings and investments provided the security I needed to quit my job and allowed me to do the work I enjoy.

What I did is to consistently invest 15% of my income every single month. I had the money automatically deducted from account and deposited straight into my investment accounts every month. This was the best way to be stay disciplined.

My savings didn’t make me rich, but it had grown enough to provide the financial freedom I needed to change paths in life.

The reason why I had success it's because I was consistent.

So, if you want to achieve financial freedom and secure a comfortable financial future you will have to be consistent in your goals and your good habits. This will require a disciplined attitude from your side and a programme that will help you achieve your saving and investing goals over time.

And I know, it can be very challenging when you start. Some months will be better than others. Some days will feel downright boring. You will feel like you are not moving and your budget is controlling every bit of fun you want to have. And yeah, saving money every month is not nearly as much fun as spending it. And investing money while your friends are traveling the earth and living it up can feel demoralising.  But if you want financial freedom, you have to keep at it.

Investors who stick to a consistent investment strategy for the long term tend to come out ahead.

The only way to build wealth is with systematic investing, or saving and investing a relatively small amount of money consistently over a very long period of time. Performing little with consistency is better than performing more with inconsistency.  By choosing to keep on the path and take one step at a time, you will reach your goals, because financial success isn’t just about winning: financial success is about consistency.

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