At DNA Financial Services, we talk to and work with people from all walks of life, but there tends to be a recurring theme that we keep hearing and it’s a financial behavior that is a threat to the ninety-nine percent of us still on our wealth building journey. The issue is procrastination, or more to the point, waiting until something goes wrong to talk about saving or better managing your money, or better yet, trying to get yourself together before asking financial professionals for assistance. So we have to ask what the title above says….”What are you waiting for?!?!?”
In an June 2013 article and poll “The Retirement Savings Crisis: Is It Worse Than We Think?” from the National Institute on Retirement Security, written by PhD Nari Rhee, it was stated that thirty eight million American working age households, or 45% percent of this country have NO retirement savings account assets. But for those who have saved something, it was also noted that the average American working age household had a median retirement account balance of $3,000.00, which seems alarmingly low. This can be caused by living paycheck to paycheck and not putting enough away not just for retirement, but for emergencies that eventually come up for everybody. Again we ask, What Are You Waiting For?
Once again, it comes back to planning for everything. Every dollar you make should have a purpose and destination, even if it is a miscellaneous fund for frivolous spending and shenanigans. You have to assign your money, not just for bills, but for saving as well. Money is a tool that has to be used for not only maintaining your current lifestyle, but preparing for the one you want as well. Does that sound good to you? Well, what are you waiting for?
The beginning of every journey is to take that first step. You cannot hide from money issues, stick your head in the sand and pray they will go away. There are no individual bailouts or reparations coming on the horizon. This has to be a personal decision to make your life all you want it to be. If you don’t have the means to save, then do what you have to do to survive. But to have the means to save through money management, and not choosing to cover yourself is a disservice to your family household. Don’t let your hesitation turn a season of crisis and issues into preparation for poverty. Become committed to better handling of your finances rather than just thinking about it and feigning interest. The time for waiting is over and the time to take hold of your financial freedom must start now. Ready, set, GO!
Founded in 2015, DNA Financial Services LLC has pledged to Educate, Empower and Equip the financial DNA of its’ clients now and for generations to come. The company offers a number of financial services designed to bridge the gap in wealth building education while aiding and advocating for the financial literacy of people from all walks of life.