The Three Big D’s of Personal Finance

The journey to personal finance is not easy. It requires three big D’s: drive, discipline, and determination.

Drive. This is what fuels your desire to effectively manage your finances. This is simply what motivates you in your journey to personal financial freedom. This is your WHY.

I believe we all need to have this big drive in order to push us to action. It is the fire that will keep burning inside you. Without this, our journey will be meaningless.

Ask yourself, “Why do I want myself to be financially free?”

Discipline. Discipline is necessary in order for you to be able to attain your personal financial goals. You need to be able to stick to a certain habit every month. If you want to be able to save for an emergency fund, you should be able to religiously allocate a certain amount for the fund every month. And you need to be able to continuously do it until you reach the desired goal.

It will not be easy at first especially when you are just starting your personal finance journey. The key here is to remember your big drive. Your drive will remind you to continue doing what you have started.

Determination. Ultimately, determination leads to success. When you continue doing a certain habit for a certain period of time, you will reach your goal. In personal finance, determination is very important. Why? You need time to be able to grow your savings and investments. Have you seen someone who has become financially free overnight? I bet the answer is a big NO.

For example, preparing for retirement will take a long time. This needs your determination to be able to set aside a certain amount every month.

Drive, discipline and determination are the three big D’s of personal finance. Without it, the journey to personal financial freedom will be meaningless.

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