You get in your shower at the hotel. You turn the water on – and it is crazy hot. You turn the knob the other way, and it gets even hotter?
You can’t figure out which way is hot and which way is cold.
Next thing you know, it’s been 10 minutes – you’re still in the shower – and all you have is a bunch of steam and no cold water! Ya gettin’ burned up in there. It’s ya own private steam room.
There is no trend either way with that crazy water temp.
Let’s talk about trends fo’ a sec. Your money trends.
When you make more money, do you spend more of it? Or do you save it?
What’s your intention? What’s your plan? To spend more when you make more? Or to save the extra money?
I’m all for doing what you want. Spending, saving, whatevs baby. But do you even know what you want to do?
I’ve looked at so many people’s money spending habits – and many people spend more when they make more – and are always playing ketch-up.
They try to get back on track to get back on track. They never figure out the water temp. They take a bath with their money.
What’s your plan? Whatever it is, stick to it – but be aware of what y’all actually do.
© Copyright 2014 Justin Krane, CFP