There was a time I used to watch a ton of YouTube videos on how to improve my finances and in other areas. It didn't take long before I realized that the advice dished out was not unfamiliar, and even the 'new videos' had more or less the same arguments blended with stories of experiences.

One of the more interesting conversations I remember having with an old friend is that there really is no new ideological or philosophical idea, rather we have repackaged or regurgitated ones. If you have ever taken a finance class that isn't filled with technical jargons, there is a strong chance that you would've come across whatever principle is being taught.

Some have either read it, heard it from someone or somewhere, or experienced it. Perhaps a few do come across such central ideas for the first time, but I almost guarantee that it would not be the last time they would need to be reminded about those central principles of financial success. So why then do we need these reminders, or more importantly pay to be reminded?

Some people guess that if it costs us something then the lesson tends to stick. That is generally one acceptable reason and holds true for the most parts. Yet the truth is that whether we do pay or not, the lesson has to be costly enough for it to stick with us over a sustained period of time. That does not happen to the majority, but what does happen is that we need to be served constant reminders over the course of periods in order to keep us properly motivated.

These reminders are important for various reasons. First is that they serve a prompters on a consistent basis to enable us take certain actions, then they serve as warnings incase we step out or bounds. We sometimes may get so carried away that we don't realize that we're headed down the wrong financial path without some important reminders. It is also a lot easier to do nothing than something. Taking action is not easy, and the gentle reminders are important.

It shouldn't cost too much if we are really smart about the way we do things. Experience is not always the best teacher in some cases, and lots of money does not always produce the best results. What is instead a better alternative is to consistently make do with whatever significant lessons and experiences we may have had. Most times the fundamentals remain the same and all the lessons require is an upgrade.

Conclusion

The way I see it, there is a limited amount of time to really make things happen. The technical lessons are also there to be learned so I believe the most important realization is not to waste so much time on things that could be learned at low cost and on a consistent basis. Remind myself and apply is my principle. It is also why there will never be a shortage of content talking about principles like consistency, discipline and resilience.

Posted Using LeoFinance ^Beta