A little at a time

I have recently read several articles that were basically about "I wish I had known" or "I wish I had done", etc. etc. You get the idea. It is basically looking to the past and talking about mistakes made in the past, evident in the present. I do this like everyone else. I have made a lot of mistakes in my fifty five plus years of life. But there is good news. It is never too late to start doing what is right.

I subscribe to Success Magazine's Darren Hardy daily coaching emails. Darren is a successful person and businessman and provides wonderful advise on many subjects. He also wrote a book called "The Compound Effect". What Darren teaches is that a little bit of something done regularly over time, will yield great results. For example, my goal might be to lose one pound this week. Doesn't sound like much, does it? But if I lose one pound per week over the course of a year, it equals fifty two pounds lost! Makes sense, doesn't it? Breaking things down into small pieces, which makes them less intimidating.

The same with investing. I wish I had started when I was twenty two years old and started socking away money into investments. If you start small when young and increase your contributions by a small amount over the years, you will have a very sizable nest egg when you approach retirement age. Very simple concept, but hard to do in our materialistic "got to have it now" world. The good news is that you can still start, even if you are middle aged like me.

Start now. Set some goals. Break the goals down into small pieces. Be disciplined and do everything you can to reach your small goals. This will lead to reaching your larger goals.