In today’s fast-paced world, finding time for everything can seem like an impossible task. Between family, career, relationships, and personal commitments, our schedules are often stretched thin. Yet, there is one critical aspect of our lives that deserves just as much, if not more, attention—our finances.

We often hear the phrase “time is money,” but have we truly considered the reverse?

When we make time for our finances, we gain the power to build wealth, create financial resilience, and secure our family’s future. Just like nurturing our relationships or advancing our careers, dedicating time to our finances is essential for long-term success.

Why We Must Make Time for Our Money 

Think about the time we invest in our loved ones, our careers, and our personal growth. These areas thrive because we dedicate time and energy to them.

The same principle applies to our finances. Whether it’s reviewing your cash flow on a monthly basis – in order to understand your income and expenses – or expanding your investment knowledge, these are not tasks to be sidelined.

They are integral steps in building the financial foundation that supports your life goals, dreams, and desires.

Understanding Your Motivation: What Is Your “Why”? 

Motivation is the engine that drives how we allocate our time. When it comes to wealth building, understanding your “WHY” is essential to staying committed and focused.

So, I encourage you to reflect: What motivates you to seek financial security? Is it the aspiration to provide for your family, to create generational wealth, or to achieve financial independence? Is it to leave a corporate job and focus on a career that makes your heart sing? Is it to be able to give more to others?

For me, my “Why” became clear at the tender age of 10. I promised myself that one day, I would buy my parents their first home. You see, growing up, we never had a stable place to call our own, constantly moving due to rising rents.

That promise fueled my determination to study hard, earn a degree from a top university (MIT), and secure a job that would help me make good on that vow. I am so grateful that I fulfilled it by the age of 23!

Today, my motivation has expanded.

My “Why” now includes not only supporting my family but also rescuing animals—a passion close to my heart. This is my motto: “The more I have, the more I can give!”

This drives me every day to continue building wealth, knowing that my success allows me to make a positive impact on the lives of others, both human and animal.

The ROI of Time Well Spent 

When we dedicate time to managing our finances, we position ourselves for significant returns. This can manifest as better investment decisions, greater peace of mind, enhanced savings strategies, more effective household budgeting, or simply a clearer understanding of where our money is going.

Over time, these consistent actions accumulate, much like a well-managed portfolio, resulting in increased wealth and greater financial resilience.

In conclusion, by acknowledging the importance of your financial well-being, clarifying your motivation, and cultivating positive financial habits, you empower yourself to make intentional choices that build lasting financial resilience.

As the old saying goes, “The best time to plant a tree was 20 years ago. The second-best time is now.”

It’s never too late to start, friends!

This article was written by our partner coach, Anna Orenstein-Cardona, founder of Wear Your Money Crown®, an empowering, woman-owned financial education and coaching firm that is passionately dedicated to bridging the financial inequality gap and transforming lives through education. Whether you are an individual seeking the confidence and know-how to achieve financial well-being or an organization aiming to promote financial wellness, Anna is dedicated to supporting your goals and aspirations.
You can contact her via info@wearyourmoneycrown.com or via her profile page HERE.

August 24, 2024