Page 9 - Book5E

CHAPTER 1
Choice, Not Chance, Determines Success
In volumes 3 and 4, you did some hard work learning to analyze your income and create a budget for distributing that income. Good for you! With the help of FFEF, you are on the road to getting rid of your debt, meeting your expenses, and beginning to save. In other words, you are on the road to financial freedom and living within your means.
To help you stay on this road, we are going to take some time in this volume to point out potential pitfalls and danger zones you could run into along the way. If you know what to
watch for, you will be less likely to be
deterred from your goal by these hazards. If you’re not aware of them and they catch you off guard, they could seriously impede your progress.
While you now know what you should
do to get your finances in order, some-
times you might make poor choices if
you’re not prepared ahead of time. Having knowledge is important, but even more important is knowing how to make wise decisions using that knowledge. You’ll need a good balance between knowledge about budgeting and wisdom to make the necessary decisions to use that budget successfully.
Success is a journey and usually that journey takes a considerable amount of time. Impatience is one of the hazards you’ll encounter on
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The wise man bridges the gap by laying out the path by means of which he can get from where he is to where he wants to go.
—John Pierpont Morgan