Something that has begun to erk me more than ever lately, is waiting. By waiting, I mean using logic as an excuse to put something off. We’ve all heard it (and probably done it), “I’ll wait until my next raise to start investing”, “I’ll wait until I graduate to start my business”, “I’ll wait until my car is paid off to change jobs”. Although I’m sure logic does tell us waiting is the safe and comfortable route, it never really makes us happy.
If you have been thinking about something you want to do or try (and I mean really thinking), make it happen.
An example I found helped me to realize this was the rule of 72. The rule of 72 is essentially an easy formula to estimate the time it will take your money to double. The formula is: Years to Double = 72/Interest Rate.Therefore, if you invested $3,000 in a portfolio averaging 6%, it would take about 12 years for your money to double. This explicitly shows that the sooner you do something, the sooner you can enjoy the benefits.
Not to say it won’t be difficult, and there won’t be barriers to overcome, but what the heck are you waiting for??? Whether its saving for retirement, or starting your own candle business, there will be a million reasons to wait for some new milestone to pass before you start, and guess what? You’ll probably have another excuse to wait once that one passes.
So, you’re still apprehensive but know you need to stop waiting? I suggest you focus your energy on the building factors to begin. Do your research, figure out what will work best for you in your situation (but without making excuses), and use that to become comfortable outside of your comfort zone.
I know we all want to stay safe and wait for the next best thing to really dive into what we care about, but we can’t keep waiting. The craziness of today’s world has shown we can’t count on normalcy and consistency, so why not go after it now?