A Bump in The Road to Financial Success?

by David Bakke

financial successIf you have already started down the path of financial success, first, I want to commend you. As I have stated in many other places, the most difficult part is getting started. After that, it is really just a matter of maintaining your habits.

However, what happens when we hit a bump in the road? What happens when we make a mistake? When we go out and “blow” some money on something that we know we shouldn’t have? When we forget some payment that cost us unnecessarily a certain amount of money?

Well, of course there must be some serious punishment involved. We must restrict our spending even more; we just make ourselves feel absolutely awful about it so it never happens again. We should beat ourselves up to no end, right?


Let me tell you a quick story. I have been financially “healthy” for many years now. Never pay interest on my credit cards, always pay my bills on time. I shop smart; I spend little to nothing on so-called “luxury” items, etc. I still live comfortably and I enjoy my money, let’s just say I’ve been “doing the right thing” for some time now.

Well guess what? Just last week, I made a major mistake. Believe it or not, I paid a credit card bill two times by mistake. I have no idea how I did it, and it was beyond stupid. But it happened. I made a $1000 payment to that credit card, and two days later I made another $1000 payment.

As you can imagine, this was a pretty big mistake. It caused me to have four different items not necessarily “bounce” but I was hit with insufficient funds charges and overdraft fees of well over $100.

I was devastated. I was crushed. Think of what I could have spent that $100+ on. It was shameful, embarrassing and unbelievably stupid.

After the first five minutes of all of that crap, I quickly realized that there is nothing productive coming out of beating myself up like that.

Do you know what I decided? To simply forget about it. Yup, forget about it. And if this happens to you during your journey, I suggest you do the same. Well, let me rephrase-I think you should forgive yourself, but do not forget. Do not forget about it so it doesn’t happen again, but forgive yourself and move on. Remembering back, it probably happened to me at least ten times during my journey. If I had beaten myself up each and every time, surely I would have given up.

So if you have a financial “hiccup” in your life, learn from it, don’t let it happen again, but forgive yourself and move on.

You’ll be much happier and it will be much easier to get back on track and stay there.

Click here to download my FREE report “10 Fast and Easy Ways to Save Money

{ 1 comment }

1 Ernest August 13, 2009 at 11:16 am

I are very good in this aspect of the human knowledge, I’ve been reading your postings and it gives me alot of insights.

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