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Monitor your progress and adjust your plan as needed from "summary" of The Total Money Makeover by Dave Ramsey
As you begin your journey towards financial freedom, it's important to keep a close eye on your progress. By regularly monitoring how you're doing, you can quickly identify any areas that may need adjustment. This allows you to stay on track and make necessary changes to your plan as you go along. Think of it as driving a car. You wouldn't just start driving without checking your speed, looking at the road signs, and making sure you're in the correct lane. Similarly, you shouldn't just start your financial journey and hope for the best. Take the time to review your progress, see where you're excelling, and pinpoint areas where you may be falling short. By tracking your progress, you can see firsthand how well you're sticking to your budget, paying off debt, and saving for the future. This information is invaluable because it gives you a clear picture of where you stand financially. If you notice that you're overspending in certain areas, or not making as much progress as you'd like, don't be afraid to adjust your plan accordingly. Flexibility is key when it comes to achieving your financial goals. Life is unpredictable, and unexpected expenses or changes in income can throw a wrench in your plans. By regularly monitoring your progress and being willing to make adjustments, you can adapt to these challenges and keep moving forward. Remember, the journey to financial freedom is a marathon, not a sprint. It's okay if you hit a roadblock or veer off course – what matters is that you recognize it and take action to get back on track. By staying vigilant, staying flexible, and staying committed to your goals, you can overcome any obstacle that comes your way. So keep an eye on your progress, be willing to adjust your plan as needed, and you'll be well on your way to financial success.
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