Reminder: Take Action

[james.hendrickson]

Forums Community - I just wanted to pipe up with a reminder => Don't Forget To Take Action

If you're working on a bigger goal like saving for retirement, paying down debt, building passive income or researching a big purchase, TAKE ACTION.

Pick up the phone, send $10 to your debt, or your retirement accounts, buy some passive income yielding securities, or fire up the web and gain some knowledge.

[crazyliblady]

Forums Community - I just wanted to pipe up with a reminder => Don't Forget To Take Action

If you're working on a bigger goal like saving for retirement, paying down debt, building passive income or researching a big purchase, TAKE ACTION.

Pick up the phone, send $10 to your debt, or your retirement accounts, buy some passive income yielding securities, or fire up the web and gain some knowledge.

I totally agree. No matter what we do to build our net worth, we must take some kind of action.

[ua_guy]

Yes. DO something. Even if it's little.

[myrdale]

Consistency is absolutely key. Take action and keep taking action.

From first hand experience, I can tell you paying extra on your mortgage every month will result in it being paid off faster. Sacrificing on wants to work on retirement goals will result in your wealth growing. I've never had first hand experience with any significant debt other than the house, but paying it down first and foremost will allow you to attack your those larger goals with vengeance.

[bjl584]

Something is better than nothing.

"Paralysis of Analysis" is a fairly common phenomenon in the real estate investing world.

[crazyliblady]

Something is better than nothing.

"Paralysis of Analysis" is a fairly common phenomenon in the real estate investing world.

Yes, even if it just taking $5.00 and putting it in a high interest savings account, it is better than nothing.

[disneysteve]

Also try to automate things where you can. Take the human factor out of it. Sign up for your job's 401k. Set up an automatic deposit into savings every month.

[kork13]

Also try to automate things where you can. Take the human factor out of it. Sign up for your job's 401k. Set up an automatic deposit into savings every month.

Automation & LBYM are seriously the 2 biggest factors in my success to date. Kinda counter to this thread, but the fewer actions I have to think about taking ... the better. Get into the habit of always living below our means, and I don't need to worry about if I can pay for groceries. Put all of our savings/investments on auto-deposit, and I don't have to decide if/when/how much to save -- it just happens.

[disneysteve]

Automation & LBYM are seriously the 2 biggest factors in my success to date. Kinda counter to this thread, but the fewer actions I have to think about taking ... the better. Get into the habit of always living below our means, and I don't need to worry about if I can pay for groceries. Put all of our savings/investments on auto-deposit, and I don't have to decide if/when/how much to save -- it just happens.

I don’t think it’s counter to this thread at all. Signing on for payroll deduction or setting up auto deposit plans count as taking action, just as James suggests. It’s even better because it’s a one time action that pays off for years and years after.

[crazyliblady]

Automation & LBYM are seriously the 2 biggest factors in my success to date. Kinda counter to this thread, but the fewer actions I have to think about taking ... the better. Get into the habit of always living below our means, and I don't need to worry about if I can pay for groceries. Put all of our savings/investments on auto-deposit, and I don't have to decide if/when/how much to save -- it just happens.

I also live below my means. I also treat savings and retirement like they are bills that must be paid. The way I see it, if I don't make small sacrifices now to enable living well in the future and later in retirement, I will have to make sacrifices then in basic life needs. I sure how the SS exists when I am ready to collect it.