In my opinion, personal finance isn’t something that you do for a few weeks, months or years until you’re financially well off – and then stop. To be truly successful at building wealth, it needs to become a lifestyle. Something you just do. Like breathing.
Yes, for most, there will be a paradigm shift as they first begin to learn the core principles of finance. However, at a certain point, you will achieve an equilibrium or plateau. Following the blueprint means you should be striving to constantly improve. Small changes. Continuously and consistently. This is what that process looks like.
Continuous Improvement
Plan – an action, investment, or change
Execute – the action according to your stated plan
Track – the progress that the change delivers using data and statistics
Analyze – the data to determine where improvements or adjustments might be made
Adjust – based on the analysis
Improve / Worsen – Determine if the changes improves or impedes progress
Repeat – the entire process until efforts to improve find little to no incremental success
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