Just as there is no trick to weight loss, there is no trick to growing your net worth. It is a matter of spending less than you make, and using that difference to both pay down any existing debts you have, as well as investing in assets that have a real chance to appreciate, like securities, real estate, small businesses, and the like. The good news part of that is that life can remain simple as you pursue your financial goals; the bad news is that, alas, you have to face up to the realization that there is no trick, no magic bullet…and no complex component to which you can affix blame if you fail.
I’ve heard it said that when someone gripes that “things are complicated,” the truth is that this person is unwilling to see “things” as simply and as clearly as they can be seen. I’m convinced that many of us actually like it when “things” are complicated, because it makes it easier to contrive excuses when we fail. People are free to play whatever mind games they want on themselves, but you cannot escape reality, and the reality is that countless numbers of people continue to achieve financial stability and independence doing nothing more than the simple things that have always worked over the long term.
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Bob Yetman, Editor-at-Large at Christian Money.com (www.christianmoney.com), is an author of a variety of materials on personal finance and investing, as well as on topics of fitness and self defense, to include the book Investor's Passport to Hedge Fund Profits (John Wiley & Sons, Inc; www.investorspassport.com) and the unarmed combat training DVD Thunderstrikes - How to Develop One Shot, One Kill Striking Power (Paladin Press; www.mikereevesonline.com).