Are you taking care of tomorrow tomorrow?

It’s difficult to save for tomorrow today. What new habit could you work on this year to make sure your finances are in order tomorrow?

Consumption is natural.

It’s natural to consume. We are hardwired for it, and then exposed to a world of marketing and advertising designed to empty our pockets. What can you do to build a system which will help you keep more in your pockets for tomorrow?

Make a system for saving.

Remember: everything essential should be easy. Which means that if you are going to save for tomorrow today, you need a system which is automatic and does not require you to decide about it in the heat of the moment.

What is the best system?

The best system for saving is consistent. So create a system which requires maximum thought at the front end and then minimum maintenance. For example: invest the time to find a good financial advisor. Go interview five advisors now, and trust your gut. If you don’t like any of them, make another list of five and keep looking until you find one you trust. Another example: invest time in understanding how to invest yourself, and then set your calendar to regularly revisit your investments systematically, not emotionally.

It’s Q2 time.

Finances are part of your Q2 strategy. What you want is a long term investment strategy. Remember that Q2 (or Quadrant II) work is that which is imporant but not yet urgent. If you’d like to review Q2, take a look here. It’s important to build more Q2 into everything you do.

For the moment, start here.

Please watch this brief (under 18 minutes) talk by Shlomo Benartzi, then come right back for today’s key point.

Key point:

You’re more likely to save for the future if you take a long-term approach. Make a new habit of saving this year, which is easy and systematic.

Read more.

I can help you create an investment strategy that helps you save for a secure financial future.