Personal Finance Tip: “think about tomorrow”
March 27, 2011 | Posted by Blair Warner | 1 CommentFleetwood Mac, in their 1976 song “Don’t Stop,” urged listeners not to stop “thinking about tomorrow” because it would“soon be here.”
Fleetwood Mac’s top five albums alone have sold over 55 million copies. Needless to say, over the years, Mick Fleetwood made a ton of money. However, during all that time, he really didn’t “think about tomorrow.” As fast as the money came in, it went out. By 1984, he was bankrupt.
How does all this relate to you? If you’re like most people, you can probably spend money without thinking about it, but you can’t save money without thinking about it. For Mick Fleetwood, that certainly was the case. Saving isn’t a natural event. It must be planned.
Planning and budgeting require control. Financial planning involves looking into the future, facing financial reality and the sacrifices that it brings, and taking action. Financial restraint isn’t as much fun as spending with reckless abandon, but it’s a lot more fun than winding up broke. The fact is that the rewards of taking financial control are worth the sacrifices. Just ask Mick Fleetwood- he has finally started “thinking about tomorrow.”
It is not directly related to credit repair, but managing your credit and debt well is a major part of planning for your future financial well being.
Hope it helped.
Blair Warner – Credit Expert
