With the first quarter of the year now half-over, it’s a good time as any to see if we have actually made any progress with our financial resolutions for 2014. On the most basic level: Nagsimula ka na ba?
At the beginning of the year, I received lots of inquiries from people as to how they can make a change in their financial habits. Over at COL Financial, their seminars were packed as people came looking to make a change. However, as February rolled around, there has been a noticeable dip in the numbers. And after checking with the people who emailed, texted and called me when 2014 began, I find that MOST have actually made very few changes – if they made any at all. And upon closer inspection, I find that though the reasons they give are varied, the fundamental cause for the delay in adopting the resolutions they said they wanted is pretty much the same: a lack of urgency.
Put simply, we tend to believe that we will always have time to make the changes we need. Hence, we tend to push it back. After all, why invest now when the stock market seems bad and even managed funds don’t look so good?
The thing is, the more we push it back, the more difficult it will become to actually get started. As we have mentioned before, social costs will always get in the way. And the reasons NOT to invest are often good, pleasurable and immediate. Which is why, if one is serious about making a change, you have to be clear on WHY you want to do it. Hindi ka tatagal sa ginagawa mo kung hindi klaro sa iyo at sa pamilya mo kung bakit niyo ba ginagawa ang mga bagay na yan.
So, for those who have started and are already finding it hard to maintain their resolutions, just keep reminding yourself why you are doing this. The road will be hard so you have to ready for it. To help yourself, make sure you treat yourself whenever you reach certain milestones – remember, even marathon runners take a drink every now and then.
As for those, who haven’t started yet, what are you waiting for? Markets will always be volatile and there will always be risk of loss. If you keep on procrastinating, you may suddenly find that this year has ended and that you will be starting 2015 wishing that you had done something in 2014. Ganoon na lang ba palagi?