FINANCES : The ‘IF’ Disease

The most marvelous businesses have started with one small idea. Many of us live with these ideas that are absolutely brilliant on paper and take the comfort of knowing the one day it will work, if…and that is where the if’s begin. If I had capital, if I had more time, if I did not have a family, if I had this or if I didn’t have that! Such people are so worried about their if’s and never get any time to do anything realistic. 

Saturday, January 29, 2011

The most marvelous businesses have started with one small idea. Many of us live with these ideas that are absolutely brilliant on paper and take the comfort of knowing the one day it will work, if…and that is where the if’s begin. If I had capital, if I had more time, if I did not have a family, if I had this or if I didn’t have that! Such people are so worried about their if’s and never get any time to do anything realistic. 

The ‘if’ disease is actually the fear of acting on anything. One makes a decision to do something that will put them on the road to financial freedom or will relieve them of a certain burdening debt but instead of taking that decision point as the beginning of a journey to your much cherished goals, they perceived that as the end of story, problem solved. 

One should learn to first make themselves understand that whenever they make decision, it should not be if but when one should cat on a decision. Edward Rickenbacker (1842 ~ 1914) expressed why follow through on decisions is important, "There’s a six-word formula for success: Think things through, then follow through.” 

Theodore Roosevelt, the charismatic American president (1858 ~ 1919) added, "In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.” If you are the type that likes to decide but never act, you ‘if’s will soon become ‘I wish I did this or that.” 

Financial freedom comes with specific actions which might end in failure of success. If they end in failure, it is not the end of the world; instead it is just one way of finding out what does not work. Theodore Roosevelt (1858 ~ 1919) said, "In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.”

After all, if we do the wrong thing, at least we can learn something from our mistake. But inaction teaches us nothing, other than regret. The other name for failure or temporary obstacle or the mush talked about ‘experience.’ One cannot experience the results of a financial plan they have had for years if they have not tried it. 

Remember that in your financial journey, always put it in mind that it is not if but when, and that if you never try something, you will never find out if it works.

Ends