Every choice you make can be broken down into two categories – the short game and the long game. Most people choose the short game because it involves little or no pain today even though they agree the long game is the smarter choice. When it comes to managing your money, the short game is much more fun because you get to spend money you really don't have and eat out compliments of those credit cards you're carrying. Who wants to play the long game these days? Your creditors would like you to stop reading now. I'm going to share why I'm playing the long game and I'm cheering for you to join me so you can change while you still have time. The longer you put this off, the more addicting the short game becomes.
I believe the long game is more of an attitude. It's the way you categorize every decision you make from the time you wake up until the time you go to bed. It comes down to pay now or pay later. Short gamers pay a high price when those credit card charges include interest rates that are making banks rich. Long gamers defer, defer, defer until they have cash in the bank to make a purchase. Every short gamer I know chooses the 30 year mortgage so they can have more disposable dollars now. They don't understand how much extra this costs them. The longer the terms, the more banks put in their pocket due to their increased risk. That's why short gamers end up with less at retirement.
Maybe you're asking yourself, "where's the fun in the long game?" My answer is another question... "where's the fun when you have no money and you have to keep working while your long gamer friends are all out on the golf course every day enjoying their retirement years?" Get busy on your long game now. Have a great day.
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