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5 Habits Hurting Your Future

Twenty years from now, what type of life will you be living?

If you’re not sure how to answer that question, you might need to take a minute and think about how your life is going right now.

Do you have any habits that might be wrecking your financial future?

1. Not Planning Ahead

You have stuff you want to do. You have dreams for you and your spouse. You have dreams for your kids. But how are you going to get there?

Your emergency fund is designed to protect you when life happens. That’s why we want you to have three to six months of expenses saved up for those rainy days. Also, investing for retirement and your kids’ college will be a huge part of your future success.

Plan ahead now so you’re not filled with anxiety when the kids go to college and retirement comes around.

Get a vision for what your retirement looks like and find the motivation to reach it with Chris Hogan’s Retire Inspired Quotient assessment tool.

2. Not Assigning Every Dollar a Name

That’s just a fancy way of saying you’re living without a budget.

If you want to win with money, you must sit down and create a zero-based budget every single month! If you need help getting started, Dave recently launched his new online budgeting tool, EveryDollar.

EveryDollar is guaranteed to be the simplest, quickest way to create your budget. And guess what? It’s free! Sign up today.

3. Being Unmotivated

Some people might call it “uninspired.” Others might say it’s just being plain “lazy.” Whatever you call it, being unmotivated is a sure way to wreck your future.

Make a plan (see point 1) about where you see yourself in ten years, then do everything in your power to make that plan happen. Fight a lack of motivation by always moving and working toward something.

Top Books to Read This Year can be your starting place for intentional living. See what books we’ve listed that will motivate and encourage you.

4. Working a J-O-B

If you’re not passionate about what you do every day, that should be a big red flag. You spend too much time working to waste it on something you don’t enjoy.

Twenty years from now, will you look back and say you just earned a paycheck or that you made a difference in the lives of others? Get plugged into something you are passionate about!

Related: Books That Will Change the Way You Think About Work and Life

5. Not Giving Generously

Whether you’re giving money or time, the act of giving changes you. It changes your spirit and causes you to see life differently.

That’s why Dave always says to make giving the first thing you do as part of your budget. Find an organization, charity or special cause you care about and make it a focus in your budget and schedule.

Related: Should You Give While Getting Out of Debt?

Ramsey Solutions

About the author

Ramsey Solutions

Ramsey Solutions has been committed to helping people regain control of their money, build wealth, grow their leadership skills, and enhance their lives through personal development since 1992. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners.

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