We live in a fast paced society, where everything is lightening speed and everyone is going fast. We need our information as soon as it happens, and we order ahead so we don’t have to wait in line. We’ve become an impatient bunch and wonder why we experience burn out at such a young age. It’s because we haven’t taken the time to sit back and smell the roses. What’s the hurry? What’s the rush? Take your time when it comes to these financial moments in your life:
- Your education: So many students are in a rush to get their degree and get out into the real world. It’s becoming uncommon to finish your degree in 4 years nowadays, yet some students are trying to finish in 3 years. Accelerating your learning is not allowing you to grasp as much knowledge as you could. Allow the information to soak in, apply it to your everyday life, and increase the chances of you retaining it. No need to rush through college or grad school. Take your time and do it right the first time around.
- Your career goals: What’s the rush on becoming a supervisor when you just got the job? Learn to take a backseat and learn from the veterans at your job before you start taking over. Show them that you’re willing to learn and not just a know-it-all. You’ll get a lot more positive recognition for asking questions and remaining helpful than you will from being arrogant and trying to take over from day one.
- Your retirement: I’m seeing a lot of 20 somethings aspiring to retire under the age of 50. Heck, even 50 is optimistic, as baby boomers are staying at their jobs longer. Why is it that we don’t want to work past 50 years old? If you really enjoy your job, you won’t feel quite complete not being able to work there anymore. Enjoy your days in the workforce and you’ll enjoy your days in retirement.
- Building a business: Who wouldn’t want the next Facebook or the upcoming million dollar entrepreneurship idea? Well what the glamour stories don’t tell you is how long it took to get there. Do you think success comes overnight? Not for anything worthwhile it doesn’t. Take your time to learn your business, network with people in your niche, and work at building a quality product or service. Rushing a business venture will most certainly cause you to miss vital steps in the process, and can cause your business to fail.
- Paying off your debt: Most personal finance gurus will tell you to put all you have into paying off your debt, but I’m telling you don’t rush it. I don’t knock the people who made crucial sacrifices in their lifestyle in order to get out of debt sooner, but the fact of the matter is, sacrificing Starbucks every now and then isn’t going to make that much of a difference in your debt. Just like diets, you should be allowed to cheat when you’re paying off your debt. Just remember to keep your eyes on the prize.
- Combining your finances: Got marriage on the brain? Don’t be so quick to rush into combining your finances. Learn all you can about the person you’ve fallen in love with, including their financial history. Do they have a job? Are they in debt? Do they have an emergency fund? Do you guys have the same spending mentality? You want to find out the answers to these questions before walking down the aisle, as they can be major deal breakers.
- Your vacation: Something that many professionals seem to do is focus on work instead of enjoying their vacation. Take time to unplug and leave your work alone while you bask in rest and relaxation. We all need time to unwind and get away from the constant hustle and bustle. Make vacations a work free zone and don’t rush to get back to the office.