Ask yourself this question…

“What is the one thing you could be doing right now that will significantly help you achieve financial independence?”

In previous articles, we discussed how, if you want to build financial independence, you have to do key things… and you have to do them consistently.

But if you take away 1 thing from these articles, I’ve found this point to be the most important…

Commit to doing something

Don’t worry about what it is, but commit to 1 thing that you will do that will help in the future.

• It might be putting aside $10 a week.

• Or it might be going to see someone to ensure that those 5 superannuation funds that you’ve accumulated over a 20 year working career are now consolidated into 1 and working for you (if that strategy works for you).

(Now, I’m not a financial advisor, these are just some ideas. Speaking with a professional is probably going to be the best way for you to determine the key actions for your specific financial situation)

What I’ve seen work the best is…

Picking 1 thing, and make sure that that’s done. Then, once you’ve done that, choose something else. And do 1 more thing.

Trying to achieve too many things at once, rarely works. You get overwhelmed and do nothing… or you do a whole bunch of things, get exhausted from it all, then don’t look at it again for another year because you associate pain, hard work and frustration with your finances.

Our lives are complicated enough with all of the challenges that we face on a day to day basis.

So keep it simple.

Once you’ve got that down pat, once it’s sorted, once you know that you’ve got a handle of putting aside $10 a week, and that’s happening consistently, and you’re not struggling to do that, then up your goal or move on to something else.

Then do that and get that right. It might take a while, but after 5, 10 or 15 year period, you’ll have 5 or 10 things that you’re doing every single day or every single year that are ensuring that you’ll be better off in retirement than doing nothing.

It really does come down to the “1 thing”.

The key to success is doing small things often for long periods of time

It’s like going to the gym.

Imagine you went to the gym and worked out intensely for 2 or even 3 hours, once. Then turned around and said, “This isn’t working. I tried working out, but I’m still overweight.”

It’s ridiculous, but it’s what so many people do when it comes to their finance. They try to do everything at once and wonder why they don’t get the results they’re after.

Whereas if you were to do even an easy workout… but did it 2 or 3 times a week… over the next 3 to 6 months, you’re going to notice some big changes.

The same with if you put $25 a week in a savings account. After 4 weeks, you don’t see much of a difference.

However, stick with it and after a year, you’ll start to see some progress… after 5 years, you really start to see some big differences. Especially if you’ve been investing and compounding the returns.

There’s amazing power in the compounding effect. Doing the key things consistently over a 1, 5, 10 year period and beyond produces amazing results.