Progress is more important than perfection in financial planning from "summary" of The Geometry of Wealth by Brian Portnoy
The idea of progress versus perfection is a crucial one in the realm of financial planning. Many people mistakenly believe that achieving perfection in their financial situation is the ultimate goal. They strive for a flawless portfolio, a perfectly balanced budget, and a spotless credit score. However, the reality is that perfection is an unattainable and often counterproductive goal. Financial planning is not about reaching some unattainable state of perfection; it is about making continual progress towards your goals. Progress, no matter how small, is what ultimately leads to financial success. By focusing on making incremental improvements in your financial situation, you can build wealth over time and achieve your long-term goals. Furthermore, the pursuit of perfection can often lead to paralysis. People become so fixated on getting everything exactly right that they fail to take any action at all. This inaction can be detrimental to your financial well-being. By embracing the idea of progress over perfection, you can avoid this trap and take meaningful steps towards improving your financial situation. In the end, the key to financial success lies in consistent effort and continual improvement. No one is perfect, and no one's financial situation will ever be perfect. By accepting this fact and focusing on making progress, you can set yourself up for long-term financial success. So, rather than striving for perfection in your financial planning, focus on making small improvements each day. These incremental changes will add up over time and put you on the path to financial security.
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