To position yourself for success in investing (and life in general), it's useful to identify the one key area that's holding you back. These factors can range from needing to free up more money to invest each month, to cutting back on frivolous spending, or even a lack of education on how to best manage your investments.
You'd be shocked at how many people are unable to pinpoint obvious blemishes in their financial game plan. Young couples, for instance, often times overextend themselves as far as living arrangements go. Renting a two-bedroom apartment for $1,700 a month and spending the rest of their money on entertainment goodies (electronics, restaurants, etc.) is a fast track to a mountain of debt.
So take a step back and consider what you can do to improve your finances. Freeing up the capital necessary to generate wealth is not hard, but without action, the clock will continue to run. Time will quickly become less of your ally and more of your concern.
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