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3 Decisions that will change your Financial Life

If your financial life is not stable, if you are facing problems in managing finance, most likely you are not aware of financial matters or you are taking certain bad decisions.

Here are 3 simple and proven decisions that will change your financial life.

3 Decisions that can change your financial life

3 Decisions that will change your Financial Life

#1 Who are you gonna learn from? 

Who are you gonna learn from? And who do you hang around with? When I was in college my cricket coach used to say something very profound, he said, as a cricket player what determines how good you are and how fast you will progress in a team is not just how many hours you put into your practice and what way you practice. What determines how good you become is your coach, your trainer, and who you learn from.

Now, at first, I didn’t quite understand. And later, after I spend some time with him, I realized, wow, what a profound statement.

Because think about it in a Cricket context. Imagine if you want to become an allrounder in cricket, you want to learn balling, batting, wicket keeping, and even fielding. Whatever thing that you decide to choose, your coach will dictate and will determine how good you are.

Your coach, their skill that gets transferred to you. Think about that.

It’s the same in your financial life. Who do you wanna learn from?

Realize, that when you learn from somebody when you listen to their advice, you become them. You get their lifestyle. If you listen to your friends and your family, are they financially well off? Are they struggling financially?

Remember, you take their advice, you get their lifestyle.

Mahatma Gandhi said it best –

“Your beliefs become your thoughts, your thoughts become your words, your words become your actions, your actions become your habits, your habits become your values,” and ultimately, “Your values become your destiny.” So you need to decide exactly who you resonate with.

Who do you wanna learn from? Who do you wanna hang out with, who do you wanna spend time with? Very, very important.

#2 Decide exactly, what you want.

What do you want? When people come to me and say Hey, Shitanshu, I wanna make more money! I always say Here you go, here’s a dime. You just made more money. The problem with an answer that is that big? It doesn’t give you power.

It doesn’t give you clarity. So it’s not just about, you know, I want to make more money. How much more money exactly do you wanna make? And also, I always say, it’s not just how much money you make it’s how you make the money. What would you do for money? What would you not do for money? Where do you want to live? Do you like a big house? Do you want a row house? Do you wanna live in an Apartment? Or do you wanna live in a penthouse? What kind of car do you drive? It’s not good enough to just say, oh, I wanna drive a Mercedes. Exactly what color? What model? What upgrades do you want? Let me give you a perfect example

I have had multiple opportunities come across my table where it would require me to go to Mumbai, Banglore, and Pune and do more business.

Big Opportunities, but to do that it would require me to maybe stay here for 1 month in Surat and then go to other cities for a few months, or a lot of travel back and forth. And I asked myself, hmm, the money is good but does it fit my lifestyle? Is this something that I want? And I said, no, that’s not something that I want. I prefer to stay home; I don’t wanna travel as much. So there you go. What I will and what I won’t do for money. Where do you wanna travel? How often? What hotels do you wanna stay in? What kind of charities do you wanna help? Who do you wanna help? What kind of investments do you wanna own? Do you like real estate? Do you like stocks? Do you like bonds or mutual funds? Whatever it is that you wanna invest in, that’s clarity. You cannot act and you cannot take action, you cannot improve your financial situation 

if you don’t have clarity.

Lack of clarity means a lack of power. And power is the ability to take action. Extreme clarity leads to extreme results. 

#3 Decide what price are you willing to pay. 

There’s always a pay price to action. Everything you want in life has a price. I remember the first 3 years when I was building my blog and YouTube Channel and other business, the first three years, I was working. I did not take a single day off for 3 years straight. Every day I used to write an article. I was working every single day, 3 to 4 hours and sometimes more. I remember, there were nights when I worked till exhaustion and I fell asleep on my desk. That’s the price that I pay.

While all my friends were partying, enjoying, watching sports games and TV. I didn’t do any of that. I was focused. I was obsessed because I was willing to pay the price for success. I was committed to spending a few years doing whatever it takes, doing things that other people are not willing to do, and making sacrifices that other people are not willing to make so that I could do what I wanna do for the rest of my life.

What about you? How bad do you want it? What’s the price you are willing to pay? You see, success has a price. And here’s the thing There’s no easy payment plan. There is no installment plan. You must pay that in advance. Well, then the next question you have is Well, Shitanshu, how do I know that I’ve paid enough? It’s very simple You know you have paid enough, you know you’ve paid for the price of success when you accomplish success.

If you want to be inspired, be motivated, and turn those downtimes into learning time, into growth time, make sure you subscribe to my Blog and keep learning and keep growing. And remember, the decision that you make today will decide where you go in the future.

Shitanshu Kapadia
Shitanshu Kapadia
Hi, I am Shitanshu founder of moneyexcel.com. I am engaged in blogging & Digital Marketing for 10 years. The purpose of this blog is to share my experience, knowledge and help people in managing money. Please note that the views expressed on this Blog are clarifications meant for reference and guidance of the readers to explore further on the topics. These should not be construed as investment , tax, financial advice or legal opinion. Please consult a qualified financial planner and do your own due diligence before making any investment decision.