Personal finance books cant force you to
Im a big advocate of reading and educating ones self in the area of personal finance. I especially enjoy reading the Pout there. Ive learned a lot from them and theyve helped me on my journey to becoming debt free. However, sometimes I think people overestimate what personal finance books can do for them and for their finances.
Having read dozens of personal finance books myself, Ive gleaned lots of wisdom from them. And Im not done learning yet. There is still much for me to learn in the area of money management. However, Ive learned that there are a few things that all of the personal finance books in the world will not do for you and your money.
Personal finance books cant force you to take responsibility for your P. PYou can read all of the books in the world, but if, as Dave Ramsey says, youre not willing to face the person in the mirror and own up to your past and present money mistakes, those PF books arent going to amount to a hill of beans when it comes to changing your financial situation and getting you on the road to financial fitness. Its vitally important that you recognize and take responsibility for the money mistakes youve made that have caused the financial mess that you might be in today. Personal finance books cant force you to change your financial habits.
I cant tell you how many times, when discussing a great personal finance book with someone, Ive heard them say, I just cant do the budget thing. or Theres no money available for me to save. or Really I dont spend that much on P /P P / shopping so I dont need to track my spending. My husband and I Ptoo before we started on our road to financial freedom.
We thought we were only spending A, B or C on certain categories, however, when we went back and tracked the previous years spending and categorized it all, we woke up to quite a surprise. It turned out that we were spending a lot more than we thought we were in many of the categories that we thought we had under control. When youre not tracking your spending, its very easy to forget those little trips to the grocery store and through the restaurant drive-thru. Financial experts are called experts for the very reason that theyve tried and lived by the advice given in their books.
However, if youre insisting that you dont need to take the advice that they give, you cant expect to get the results that the financial experts get. PF books wont do the hard work for you of putting in the time/effort to complete the steps. PThe journey to debt freedom or Pis, for many people, a long one. For most, a six-month program of simply socking 10% of income into savings just isnt going to get the job done.
Instead, for many people, the journey out of debt and into wealth-building is going to require some long-term time and effort. However, if youre not willing to put in that time and effort, you cant expect to reach your dreams of financial freedom. Living a life of financial freedom is a dream that many aspire to, but few reach, many times for the reasons listed above. What about you.
Whats stopping you from reaching your dream of being financially independent. Whats your favorite personal finance book. Whats the most recent PF book youve read lately. Where do you think personal finance books fall short.
Which one stands out to you as worth reading. Photo courtesy of:P