I got an interesting question in my mail box – “Can you please coach me on How can I overcome my casual approach towards my finances and live a good financial life?” 

The thing is that deep down we already know how to live a good financial life; the issue is that we are somewhere unwilling to take the required actions. Personal finance is not a rocket science; it simply has some hand full of things that you need to do. It is not about “How to” live a good financial life; it is a matter of choosing wisely and to make commitments to the actions that are required.

Someday I am going to sit with my advisor and sort out my finances,

Someday I will go for financial planning,

Someday I will do something with the idle cash that I have

Someday I will alter my investment style

Someday I will buy a term plan

Someday I will increase my investments

Someday I am going to buy my own house

Someday I am going to complete all my pending actions

Someday I will read all the nice articles that are starred in my inbox

Someday I am going to read entire article archive of Manish

And Someday I am going to organize my finances?

Give me two days and I will show you what I can do with my finances. This Someday syndrome always keeps you away from wealth creation in life. I re-collect a line from a famous movie Day and Knight “Someday. That’s a dangerous word. It’s really just a code for never” .

The code to your financial success is in your hands. Today you can choose to bring a dramatic change in the way you live your financial life. What you choose today determines the quality of your financial future. The “Someday investor” is all about hoping, wishing, desiring and wanting things to happen in his/her financial life. The truth is this really does not serve you in your financial life.

Once an old Cherokee is teaching his grandson about life –

A fight is going on inside me, he said to the boy. It is a terrible fight and it is between two wolves. One is evil – he is anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, false pride, superiority, and ego. The other is good – he is joy, peace, love, hope, serenity, humility, kindness, benevolence, empathy, generosity, truth, compassion, and faith.

This same fight is going on inside you – and inside every other person, too. The grandson thought about it for a minute and then asked his grandfather, which wolf will win? The old Cherokee simply replied, the one you feed.

What are you feeding your financial life? – “specific actions or someday actions”. Specific is being committed, someday is being casual. When you make a choice to be in action you gain leverage over other investors. The more specific you are in defining your actions the better your financial life gets. Keep feeding your commitments. Keep choosing. Keep taking actions. This blog is your sacred space, it is for you to add different dimensions to your financial life, if some conversations trigger new thoughts or actions than allow that action to happen and don’t forget to share your actions with us. Leave your questions in comments section and we will try to incorporate them in future articles.

Lastly 2011 is about to close its doors, why don’t we take this opportunity to lock our “someday” behind the doors of 2011 and step forward with commitment in our hearts. Wish you all a very prosperous 2012.

This post was written by Nandish and this post was taken from our finacial coaching blog where we keep on writing these kind of coaching conversations from time to time.