Enlightened Capital Blog

A Call to Action

A Call to Action

Do you also find that you are over consuming information? On reflection, I've noticed that a lot of what I read these days on Twitter or on the many blogs I frequent, is useless commentary on that day’s news or criticism and critiques of individuals, political parties, ideas, etc. While this analysis and commentary is interesting and feeds the dopamine receptors in the brain, at the end of the day what improvements do we notice in our lives from this massive investment of time? As far as I can tell, this over consumption of information has minimal benefits unless it leads you to take action to improve your life or the lives of others in a concrete way. That is why Enlightened Capital is focused on recommending specific actions you can take to improve your financial situation, or helping you reexamine your current financial situation and affirm that you are on the right track. Sometimes doing nothing is the right action to take!

The way I view personal finance is to first tackle the foundational aspects such as setting up an emergency fund, paying off high-interest debt, and contributing to a retirement account. Once you’ve laid the foundation, you can shift towards other important areas like buying a house, building an investment portfolio through a brokerage account, or saving for future higher education needs. This process takes years, so be patient! After a while this game will feel exciting as you build wealth every month, and you’ll find your personal finances are practically on autopilot with only minor tweaks needed over time. This leads to peace of mind with more time spent pursuing other interests such as family, friends, hobbies, starting a business, etc.

So today’s call to action is for you to take one step towards improving your financial situation. Whether that be creating a budget, or reviewing your asset allocation, choose an area of your personal finances that you have neglected. And if your personal finances are on autopilot then take the day and go hug a loved one, read a book, or take a nap!

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