We've all made a few bad financial choices along this journey called life. Heck, a tractor trailer couldn't carry all the "not so good" choices I've made over the years.
(20 years ago) - "We would like to offer you a position as a claims adjuster here at State Farm. In a couple of years you can get the opportunity to get your own State Farm agency." I chose to turn it down.(18 years ago) - You should buy Wal Mart stock. I chose to buy a new car.
(15 years ago) - "I'll sell you my beach house and the adjacent oceanfront lot for $300,000, right smack in the middle of Gulf Shores." I chose to quit my job and start a new business.
(11 years ago) - "Why don't you keep buying rental properties and keep the mortgage company?" I chose to start a business I knew nothing about.
Okay, you get the point. Sure, I know my examples of choices involve relatively big choices, and that's fine, but most of our lives become about the small choices we make.
Single mom, two kids, and a $230 a month cell phone bill to support her iPhone. No life insurance to take care of her children should something happen to her. Poor choice.
Successful business owner, beautiful wife and kids, big house, big mortgage, big flat screen TVs, and if he died tomorrow, his family would have nothing. He takes big hunting trips, buys season tickets to the football games, and drives brand new cars. He doesn't have a life insurance plan in place to support the family he leaves behind, and to pay for his children's education. Poor choice.
Just graduated from college, got a job, got married, no kids. Alabama football games, dinner out three times a week, and two new cars. No Roth IRA, no forced savings plan, no nothing. Poor choice.
You get my point. Yada, yada, yada.
The good news is that you can choose to make good choices even after you've made "not so good choices." Yes, it will cost you more. The good choices that follow bad choices always cost you more. But you know what? You'll figure out how to survive making good choices.
When you visit my agency, you won't get chastised for making poor choices. The pot shouldn't call the kettle black, as they say. You will be told, in love, what good choices are available, and how you can make them today.
You can start your good choices today, if you know what choices are available to replace the poor choices.