Long-term saving goals in a “want it now” culture

Can we talk about “wanting it all?” Because when we were children, we were all given those “sage” words of wisdom such as “money doesn’t grow on trees” and “patience is a virtue.” Some other sayings were thrown in there, probably something about “if your friends did blah blah blah” or the like.

A tree growing from a jar of coins.

However, parents of a particular generation did stress the message a lot around earning and saving money, probably because they didn’t have much of it when they were growing up.

Now, flash forward to when you first get a job and get those sweet-sweet paycheques and suddenly, we can have what we want when we want it. Some remember those sayings we were taught and manage to start saving; however, most people tend to lose their financial minds when they first get money and spend it all, only to struggle until the next paycheque.

Think about all the people that you know, who among your circle has their finances figured out and who among them are still living that paycheque-to-paycheque life?

When you compound these financial mindsets with the “wanting it all” lifestyle pushed on social media, you are setting yourself up for a lifetime of debt and stress. To make it even worse, the pushers that are the buy-now-pay-later companies make going into debt seem almost like a fun thing to do that all the “cool” people are doing.

It’s not. They’re not.

Woman opening her empty wallet

The time to go back to basics with financial learning has never been more needed than right now. According to the Australian Bureau of Statistics, Australians “Demand for credit was $126.3b, an increase of $49.6b”. Sure, some of that was for asset purchases such as home loans, but a lot would be from small loans, credit cards, and pay-later facilities.

“Wanting it all and wanting it now” needs to change to “wanting some and knowing how to afford it while still gaining wealth”. It’s not the catchiest of sayings, but it’s still true.

Getting back to financial basics can be challenging, but there are experts on your side to make this happen. Our team of experts can show you how to save thousands of dollars and years off your mortgage, and if that doesn’t help build wealth and buy a few things you want, then nothing will.

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You work hard for your money – imagine your peace of mind knowing your money is working hard for you. Our Mortgage Action Plan delivers guaranteed results and allows you to start living the life you deserve.


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