Managing your money well requires you to manage your energy and your emotions well, we all know that. How much harder is it for you to resist the temptation to overspend or to stay committed to your daily personal finance planning habits when you’re physically exhausted? On the other hand, how much easier is it for you to remain hopeful and enthusiastic about your financial situation and practice good spending habits when you have a lot of energy and focus?
Considering this, let’s look at some things you can do to ensure that you have all the energy you need to stay committed to your plan for creating financial freedom.
Sometimes Less is More
If you’re working extra hours to earn more money, it’s important to consider the impact on your ability to be productive and to do the best job possible. There are times when you can do more and more before the good old law of diminishing returns starts to chip away at your ability to get the best results. Your body needs time to rest, to relax and to refocus, that is if you want to live a long and healthy life.
This downtime is beneficial to evaluating your progress and reworking your personal finance planning, a key activity that I teach my coaching clients. So the first thing to ask yourself is… how are you using your energy, and are you giving yourself the time needed for recharging?
The Great Energy Paradox
I doubt I have to sell you on the benefit of good exercise. Do you know why many people avoid exercise? Is it because they don’t have the energy, or because they don’t have the time? Ironically, this is the very reason why you need to commit fifteen to thirty minutes a day to cardiovascular exercise or strength training. The more you do this, the more energy you’ll have, the more focused you’ll be and the more you’ll get out of the time that you have.
Eating Healthy is the Best Way to Spend less Money
Eating healthy is another one of those paradoxical things that people don’t do because they either don’t have the time or don’t have the money. It might interest you that the leading cause of personal bankruptcy is medical bills, and a poor diet is certainly an invitation for health problems. Perhaps not right away, but eventually poor eating habits will catch up, and when they do you’ll find that they’ve been collecting “compound interest” the whole time.
So if you want to make sure you have the energy and the willpower to stick with your personal finance planning commitments and to manage your money well, follow these simple tips. You’ll be glad that you did.