Thornhill Wealth Forum
Do You Suffer From Financial Insanity?
"The definition of insanity is doing the same thing over and over and expecting different results".
I have mentioned the above definition of insanity to my kids so many times that they now finish my sentence. I use the phrase often because it stops me from making the same mistake over and over again and hopefully my kids will learn a life lesson.
How can someone expect to lose weight when they keep eating the same diet that caused them to gain weight?
How can someone expect to be rich when they stick to the same work routine and spending habits?
The statement is simply a call to change. If you want different results in your life, you’ve got to do something different.
Many people find it difficult to stay on the path of financial freedom and being consistently financially responsible. Any positive action does have a real positive result and will be beneficial in the long term. The more financially responsible you are, the easier it becomes.
Staying on a financially responsible path requires small steps which will eventually lead to financial transformation in your life.
Stay for the long haul
If everyone could suddenly find themselves in great financial shape from a few days of not using their credit cards, you can bet that’s what a lot of people would do. If good health and a good figure could result from a week of jogging and eating salads, people would do that for a week and then veg out and eat whatever they want for a month or two.
Life does not work that way.
Make permanent changes
A hole that took many years to dig is going to take a long time to fill back in. Unless you’re very lucky, there is no magic button that will undo the debt you are in or the extra weight you’ve gained or the shyness you’ve allowed to build up.
Each step in the other direction will be a change, but it will be a small one. You won’t see life-altering results in the first week or the first month. Instead, what you should be shooting for is a new path that you’re comfortable with, one that will lead you to where you want to go.
It took me five years (that is how long the Thornhill Wealth Forum has been around) to define “my financial freedom” and “debt freedom”. Much of the time revolved more around teaching myself how to live in a new way and spend less than I earned. I saw results from those actions, but they were small ones. It was patience that made all the difference.
It may be insane to do the same thing over and over and expect different results, but it’s also insane to expect to change a few things and see immediate and drastic results. If you want change, you have to change the entire path you’re on, not just change your behaviors for a few weeks.
I have mentioned the above definition of insanity to my kids so many times that they now finish my sentence. I use the phrase often because it stops me from making the same mistake over and over again and hopefully my kids will learn a life lesson.
How can someone expect to lose weight when they keep eating the same diet that caused them to gain weight?
How can someone expect to be rich when they stick to the same work routine and spending habits?
The statement is simply a call to change. If you want different results in your life, you’ve got to do something different.
Many people find it difficult to stay on the path of financial freedom and being consistently financially responsible. Any positive action does have a real positive result and will be beneficial in the long term. The more financially responsible you are, the easier it becomes.
Staying on a financially responsible path requires small steps which will eventually lead to financial transformation in your life.
Stay for the long haul
If everyone could suddenly find themselves in great financial shape from a few days of not using their credit cards, you can bet that’s what a lot of people would do. If good health and a good figure could result from a week of jogging and eating salads, people would do that for a week and then veg out and eat whatever they want for a month or two.
Life does not work that way.
Make permanent changes
A hole that took many years to dig is going to take a long time to fill back in. Unless you’re very lucky, there is no magic button that will undo the debt you are in or the extra weight you’ve gained or the shyness you’ve allowed to build up.
Each step in the other direction will be a change, but it will be a small one. You won’t see life-altering results in the first week or the first month. Instead, what you should be shooting for is a new path that you’re comfortable with, one that will lead you to where you want to go.
It took me five years (that is how long the Thornhill Wealth Forum has been around) to define “my financial freedom” and “debt freedom”. Much of the time revolved more around teaching myself how to live in a new way and spend less than I earned. I saw results from those actions, but they were small ones. It was patience that made all the difference.
It may be insane to do the same thing over and over and expect different results, but it’s also insane to expect to change a few things and see immediate and drastic results. If you want change, you have to change the entire path you’re on, not just change your behaviors for a few weeks.
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