Something I’ve been pondering since the FinCon 17 last week: while the high-level “rules” of personal finance can be written on a single page, each of us has a slightly different approach to money.
That’s partly why there’s such a vast and thriving ecosystem of financial books, advisors, coaches, websites, and apps. (Such as those on display at FinCon.)
Our individual money approaches are colored by our upbringing, biases, interests, life goals, even our biochemical wiring. But, as we’ve previously written, every financially successful person follows one common principle: engagement.
I would add “commitment” as the principal immediately following engagement. Commitment to an intentional financial life, regardless of goals, workflows, wealth, or income.
This reminds me of the timeless quote from W.H. Murray in “The Scottish Himalayan Expedition:”
“Until one is committed there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initative or creation, there is one elementary truth…that the moment one definitely commits oneself, then Providence moves. too.
All sorts of things occur to help one that would otherwise never have occurred. A whole stream of events issues from the decision, raising in ones’s favor all manner of incidents and meetings and material assistance which no man would have believed would have come his way.”
Committing to a financial path is one of the most important and transformational “acts of initiative” one can undertake.
After all, as we often say, “money matters because life matters more.”
– Edward Shepard | Edward@TillerHQcom