Earlier this week, I put on my favorite pair of boots. I smiled as I thought about how many autumns and winters they got me through, and they still look almost brand new. I need to buy another pair in case they ever get ruined, I thought to myself. Then, it dawned on me that I had no idea where I bought them from.
As special as they are to me, I knew not from whence they came. However, I can vividly recall where and when I purchased every crappy pair of shoes I have owned. Why do we sometimes remember what we should forget and forget what we should remember? This can also happen in our financial lives.
Like everything else in life, our financial life also has ups and downs. There will be periods of financial prosperity and periods of financial setbacks. Even Warren Buffet has had financial losses. When I think about my most financially prosperous periods, there were certain habits that I consistently employed that aided my prosperity. When I think about my financial setbacks, they typically came as a result of me no longer employing or slacking on employing those habits.