Financial Behaviour

Learn strategies and helpful tips to develop your financial behaviour and building a success mindset.

Day One!

It all starts with a single step. All you need to do is start

(Reading time: 2 - 4 minutes)

Procrastination is no doubt the number one reason why people don’t become successful at achieving what they dream of.

It is caused by the change that needs to happen. And we, humans, don’t like change that much!

How to stop procrastinating and start getting ahead

Why? Well, it’s got a lot to do with our personality, our ego, the fact that we’re so busy all the time and the actual process of admitting that what we’ve been doing is wrong. 

It can be especially difficult to change when we’re surrounded by same people with the same views as us. Why should I stand out?

Generations Y and Z...

Time is our most valuable asset and we’re all running out of it.For that very reason I would like to dedicate the next section to our sons and daughters, grandsons and granddaughters - the young people with still so much time on their hand.

When you’re young, it feels nice to have a first job, still live at home, spend the money on travelling and going out.

Let’s pause for a second and think about where you are at the moment

How much of your life have you already lived and how much you still have to live – a lifetime!!! What an opportunity…

What you may not fully realise day by day (because you just don't) is that the time is on your side and you will never (ever) be in this position again. 

Use that competitive advantage! You don’t want to end up like the vast majority of adults – looking back in ten or more years’ time, realising what a massive opportunity you had… And you blew it!

What I’m talking about is the power of ‘doing’.

What can you do? You have two choices:

  1. Choice 1: Do nothing and spend every cent. This is what most of you will do. Just like everyone else (I thought you wanted to be different?)
  2. Choice 2: Start implementing tiny changes into your spending habits. Time is your best mate here. Time will do the rest, as long as you stay committed.

Remember, if you change nothing, nothing will change. The change doesn’t need to happen all at once. You can start with baby steps. 

One year later, you will definitely be in a better position than if you’d done nothing.

There are many ways to put money aside but here’s a fun example to start getting ahead – something that I call the reverse version of "The 52 week savings challenge":

  1. You start with $52 that you put away in the first week – that is the biggest commitment you need to make. It gets easier from here.
  2. The next week it’s only $51. And as you continue, you decrease the money you put away, by a dollar every week, until you will end up with only a dollar contribution in the last week, a year later!

Over the course of the year, you will save exactly $1,378.

It’s a first step, it’s something. It can eventually give you that competitive advantage.

This can be used as a nice little deposit into an investment plan which can one day be converted into an investment property deposit. It will give you that competitive advantage.

It can be the difference between having to work every night to earn extra money for your ski trip compared to having a passive income to fund your travels so you can spend more time with your friends.


Is it One Day or Day One? all you need to do is start...

Do anything, just start…maybe it's time to have an honest conversation about doing something about your future? Call us to arrange an appointment to speak with one of our advisors on 02 9328 0876.


General Advice Warning: This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.
Investment Performance: Past performance is not a reliable guide to future returns as future returns may differ from and be more or less volatile than past returns.