Divide and What?
Divida et Impara is a famous quote by Julius Caesar in reference to splitting up Rome to keep the smaller pieces under control.
Today we live in a society that is apathetic about saving money to achieve financial goals, especially long-term financial goals. Millions of people hope and pray that they win the lottery or that a rich, distant relative leaves them an inheritance that will help them achieve their financial goals.
We have a strategy better than hope. This strategy is similar to Money Chunking.
We suggest that you divida et impara, divide and conquer, your financial goals. There are great tools we love to help you do just that. When you look at all of your goals and the amount of money needed to achieve those goals, such as college education, retirement, a new house, a new car or a family vacation, it can be overwhelming. The total dollar amount to achieve all those goals is too big to attack. That’s we shy away from it or hope for a money miracle or succumb to credit cards. We look for the easy way to get what we want now. See what we suggest as a solution in the video below.
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Conquer With 3 Easy Steps
How do you divida et impara your financial goals? With three easy steps:
- Calculate the amount of money you need, along with the time you need to save the money,
- Set up a separate bank or credit union account, savings, coffee can, retirement or 401k,
- Establish direct deposit from your paycheck into each account for each payday that will allow you to reach the calculated amount from step one in the time frame you desire
We’ve done this with vacation accounts, so that we not only have the money to pay for the plane tickets while on vacation.
Remember my Road to Getting an Audi? We’re divida et impara – ing an Audi account right now.
Complete the three above steps for one of your financial goals and give the divida et impara strategy a try. You’ll be impressed how easy it is.
Divida et Impara! Become master over your financial goals and money!
The Monday Money Minute is the Debt Free Guys’ way of inspiring you on the toughest day of the week to stay true to your personal finance and life goals. Please let us know your thoughts, questions and comments. We would love to hear from you. And, who knows? Maybe you will be the inspiration for the next Monday Money Minute.