We’re Just Fancy Monkeys

September 14, 2010|By David Lester

From my experience with people and money I’ve decided we’re just fancy monkeys.  We respond by positive re-enforcement successfully and not very successfully to negative ones.  Negative re-enforcement will work for a short period of time but I can guarantee you that a banana will get you a monkey to do something faster than a finger wagging.

When we need to go somewhere in our lives financially we need to set the course and then anchor ourselves with what we will truly have when we get there.  If you want to save $500 a month into your RSP this year then there are some steps you need to take.

1. Visualize how amazing you want your retirement to be.  Greek Islands?  Turkish Coast?  Maybe NYC brownstone?  Get the excited feeling when you think about it.  Butterflies single that you’re there.

2. Set up the $500 automatically to come out of your account so you don’t have the chance to stop it.  Be sure to set up the auto investment part too so that you are buying good investments that will pay you a dividend to get you there faster.  Dividends are the key to my hart to by lots.

3. This is the best part.  What are you going to get if you do it?  You could get hit by a tractor and not be able to enjoy it so how do you still live for the now while saving?  What kind of banana do you want?

If you invested $500 a month into an registered retirement plan you would get some tax back at the end of the year.  Allocate that money towards a trip, motorcycle or scuba diving lessons that would truly motivate you to keep up the saving.  You get an amazing retirement and get to live for today too.

Love your money and it’ll love you back with delicious bananas,


David Lester
About David Lester

David Lester is a best selling author and professional Financial Coach, helping people be better with their money. David has written a personal finance book that breaks with traditional attitudes towards finance and describes his own philosophy to money that he has gained through his personal and professional experiences. His philosophy on money applies to many areas of everyday life, including banking, investing, goal setting, shopping and entertainment.