Use the Power of “if” to Take Control of Your Finances
If you want to change your financial position, control is key. But it’s not always easy to feel like you’re in control, especially if you’re, say, drowning in debt. But writer Trent Hamm explains how one little word can make a difference.
In The Simple Dollar, Hamm says that when you use the word “if,” you begin to see what is possible for your financial situation. He explains:
If is the most important word in personal finance.
This is the word that everything depends on, and it is also the reason that, after all, your personal financial success rests on your shoulders and not on anyone else’s.
This may be difficult for many to hear, but it is true. Every situation you find yourself in is a combination of factors that you control and factors that are beyond your control. If you take responsibility for a situation and make the most of the factors that you can control, you increase your chances of success. Of course, this is never a guarantee, but over time it changes the world for the better.
It can work even if you are in debt. What if you invested ten extra bucks in your debt every month? You can ask yourself this question and then do the math to see how it plays out over time. What if you paid off your debts in full? I love this exercise because it focuses on the possibilities, not what is holding you back. These capabilities allow you to control the situation, and control is necessary to manage your money. Hamm offers more information on this topic, so be sure to read the full text at the link below.
If … | Simple Dollar via Rockstar Finance