Practice and Exercise Your Financial Plans

When you make your decision whether to be rich or not, next thing is to practice the steps to your goal.

My example of practice:
I had to stop getting too many credit cards.
I get tons of credit card offers in the mail. I used to wonder if I should take advantage of them. (I have more than enough credit cards). However, I used to read over every credit card offer. I wondered if I could get that new $50,000 credit card. At one point, I had 48 inquiries on my credit reports.

I decided that enoughs enough. I am not going to apply for any more credit cards for six months. That was my decision.

Next I had to figure out how to not apply for credit cards. This answer was simple. I decided that every time I got a credit card offer, I would rip it up immediately. Not even look at it. Believe me, this was hard for the first few times. I started to rip them up and made a habit of it.

It's been over a year since I applied for any type of loan or credit card. I don't even miss my credit card addiction any more. I have learned to deal with my existing resources. I had to practice not applying for credit cards.

The point is that what ever your goals are, you're probably going to have to practice and exercise the things that are going to take you to your goal. As you get better at the tasks, they'll become easier. Set a time limit.

ie... I am not going to purchase any electronics for 6 months.
I am going to put an extra $50 on my credit cards for 12 months.
I am going to spend 3 hours per week studying about investing this month.
I am going to look at 3 properties per week for 3 months.

The above examples are routines that you can get into. Routines make it easier for people to do things. Once you get into a routine that will help your goal, you'll spend less time on less important things.

Practicing and exercising tasks that take you towards your goals is the only way to get better at them and to achieve your goals.