There’s an analogy I’ve found myself using a lot lately: just because you’ve gone the wrong way down the road for the past hour, it doesn’t mean you have to keep going. What do I mean by that? It means that we can make mistakes on our financial journey, but as soon as we acknowledge them for what they are, we still have time to course correct. We don’t have to commit to that path.
When you’re driving down the road and you realize you took a wrong turn, no matter how long you’ve been driving, what do you do? You might get a little mad, you might curse, but you don’t keep going. You pull over, you find your bearings, and then you figure out where you’re supposed to be headed. It’s not fun, but it’s not the end of the world.
If you’ve got a business that’s not making money, you’re not happy about it, and you don’t see a future in it, no matter how much time or money you’ve invested into it you can still turn around. If you have financial behaviors that you know are wrong but you’ve always done them, it’s never too late to get yourself back on track.