TIME IS MONEY
If you postpone financial decisions that must be taken then it can ruin you but when you do it early, it can give welfare. Is that correct? All decisions in your hands.
Ric Edelman, financial planner reliably from America, mentions in his book entitled The Truth about Money, there are at least four major problems that make people fail to create a prosperous life as they expect, namely:
1. Attitudes procrastinator (procrastination);
2. The habit of spending (spending habits);
3. Inflation continues to rise (inflation), and …
4. Taxes (taxes)
The first two mentioned Edelman’s more a matter of personal / private, while two other things may be said as a matter of “social”. Or it can also be said that the first two barriers are factors “internal”, while the other two are “external”.
Factors “internal” must be addressed and resolved at a personal level. Attitudes procrastinator financial planning, a major factor not achieved prosperous life in the future.
Delaying financial planning in order to prepare the children’s education costs, for example, can be bad if viewed in the long run. As a result, children who we love just might lose the opportunity to enjoy the learning process in the institutions of good quality due to limited funds. In terms of preparation as well as pension funds. Those who do not prepare ahead of time – ideally in the span of 30-40 years before retirement were – probably would bother the other (either family or government) in the future.
In contrast to the factor “internal” is more a personal responsibility, the factor “external” relates to the social and economic conditions of a country. Not many people can contribute to inflation and set the matter of taxation in a country. This is influenced by many factors very complex which could even exceed the ability of a government because of the relationships in the regional and international-scale globally. That may be made by individuals in overcoming this is to anticipate the various possibilities that will emerge with a draw lessons from past history. That is, even if inflation and taxes we can not control, but we still can determine the personal attitudes toward these things.