This phrase is pretty common – especially when you’re talking about investing in real estate. But what if you didn’t invest yesterday? You can’t turn back the clock and reap back that small fortune you missed out on.

But you can do something today that will have a positive impact on tomorrow.

Even if you start with baby steps – investing a small amount from each pay, or your weekly overtime, or your annual bonus, or that money you save from whatever you’ve just quit or cut back on… it is a start – and that’s what you need to do.

Your first two things you need to do is to figure out where you’re going and how you’re going to get there. In other words:

  • What are your financial goals?
  • How will you achieve them?

Putting it really simply, to calculate your financial goals, start at the end. What do you want to have on your balance sheet on the last day of your career? Then divide it by the number of years until you reach that date and you have your magic number of how much money you need to save or grow each year.

Again, simplifying things, when you’re figuring out how you’re going to achieve your goals, start with what you earn and what you can leverage. From your salary, how much can you take out each month to invest or save? Have you built up equity in your home that would allow you to re-finance and buy an investment property?

Whatever you’re going to do, do it today.

Don’t wait a month, a year or a decade and wish that you’d done it yesterday.

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