Thursday, June 16, 2011

 The tortoise and the hare

                                                                                        Remember the story of the tortoise and the hare that you heard in school? The hare was faster and seemed to be a sure win, but in the end he didn’t. The tortoise kept moving consistently toward the finish line.

  What’s the lesson we can learn from this as adults?  Slow and steady wins the race. To reach any goals in your life, including your financial goals, you need to switch from the hare’s mindset to that of the tortoise.

  Pace yourself. Start with a reasonable savings goal, one that you know is achievable and still allows you some fun.  When it comes to debt, start off with a payment that allows you to still pay off your monthly bills. If you take on more than you can handle, you will end up like the hare and lose out in the long run. Finwiz.

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