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In the financial world, there are many coined terms, mantras, and jargon that get tossed around to explain key topics and motivate financial wellness.
To get in the St. Patrick’s Day spirit we wanted to share some Irish proverbs to help inspire better money management habits!
While these are just for some seasonal fun, there are meaningful messages to be taken away from these timeless tales.
- A fool’s money is not long in his pocket
The takeaway: Don’t spend your money as quickly as it is coming in. Make sure you are funneling some of your earnings towards your savings and going toward wise purchases instead of impulse buys.
- The tiredness leaves but the profit remains
The takeaway: Our philosophy is that when you’re working on improving your finances, you’re playing the long-game. Accumulating wealth takes time, commitment, and hard work but in the end, all of the efforts are worthwhile.
- You’ll never plough a field by turning it over in your mind
The takeaway: The longer you put money management on the backburner, the longer it will take you to meet your goals. The hardest part of putting financial habits into action is getting started. If you’ve been thinking about shaping up your financial situation, but don’t know where to start, we would be happy to help you take the first steps.
- If you buy what you don’t need, you might have to sell what you do
The takeaway(s): This saying cautions against prioritizing debt-inducing items that sacrifice other areas of your finances. This could be splurging on big-ticket items that depreciate quickly or taking on debt in other areas that make it challenging to make ends meet each month.
- Better be sparing at first than at last
The takeaway: Make savings a priority! Instead of spending mindlessly all month long and then having to sinch your wallet before payday, set money aside first to ensure you are on track with your goals.
- Forgetting a debt doesn’t mean it’s paid
The takeaway: While we all may wish that were the case, unfortunately, delaying a debt-reduction plan is not helping to eliminate that burden. In fact, if your debts are accumulating interest, that number could be surpassing what you originally bargained for.
- May you have hindsight to know where you’ve been, the foresight to know where you are going, and the insight to know when you have gone too far.
The takeaway: Evaluation is key. Reflect on what financial habits have perhaps deterred you in the past and what steps you can take now to get you to the place you want to be. It’s okay to make minor mistakes along the way- just assess, learn, and move forward!
- There is no luck except where there is discipline
The takeaway: It’s easy to compare your progress or circumstances to others—especially when it’s something that you are working hard to achieve. But keep in mind that what you see in others as just “luck” may very well be backed by the same hard work and discipline that you are putting in. Trust the process and stay focused!
- He that is of the opinion that money will do everything may well be suspected of doing everything for money
The takeaway: As passionate as we are about personal finance and growth, the truth is there’s more to life than just money. It’s very important to keep in perspective that all of the financial strides you are making are designed to help you fulfill other areas of your life. Whether that means supporting the ones you love or enjoying the retirement of your dreams, make sure you keep the true end goal in mind.
- May your heart be light and happy, may your smile be big and wide, and may your pockets always have a coin or two inside
Finally, we leave you with this positive message to carry you through the week. We wish you luck with all of your financial endeavors! If you have any questions on how to plan and build your financial prosperity, we are here to help!