This conversation put a different way might tell you why one person commits to his or her plan and another doesn’t.

“I would like to create a passive income stream using investments.”

“Why?”

“So I can work less.”

“Why?”

“Because my parents and friends think it’s a good idea and I don’t really like my job that much.”

Not exactly awe-inspiring, is it? And I’m guessing, your ‘plan’ is unlikely to stick at the first sign of temptation ie shoes, concert tickets, expensive dinners and so forth.

Put another way, if you absolutely had to save 60% of your income for a few months (or longer) to fund an organ transplant for a loved one, could you do it?

Of course!

If you had to save 60% of your income for a few months just to have it in the bank, could you do it?

My guess is probably not.

You would be more likely to go for that extra Saturday night dinner if it’s a few bucks on the line instead of a new kidney for uncle Alf!

Two points to consider: Never compare yourself to anyone else. We all have different ideas about what and why we want things.

Forget about the dollars and cents. Think about what you want and why. Then look for financial solutions that fit your plan.

If you can’t do or have it all, then prioritise according to the most and least important result you’re after, and get cracking.

It doesn’t really matter how much you have. The only thing that really matters is the result you want to achieve and the reasons behind why you want to achieve it.

[author image=”http://www.woman.com.au/wp-content/uploads/2013/11/Jason-HS-Colour.jpg” ]Jason Reynolds has been involved in the financial services industry for close to a decade and is the Director of financial advice firm Action Wealth, which specialises in educating individuals to enable them to take control of their financial lives. He practices “preventative financial advice” with an aim to ensure that his clients avoid the typical financial mistakes that lead to lost and wasted time and money. The firm’s mission is to decrease the average age that individuals seek and benefit from quality financial advice by a decade (it’s currently at 45….) and beyond. [/author]