Why You Need to “Take Action Now” With Your Personal Finances

by RC on February 14, 2008

Which is the better high yield savings account, ING Direct or Emigrant Direct?
Should I pay my highest interest credit card off first, or the one with the lowest balance?
Should I open a Traditional IRA or a Roth IRA?
Should i use Sharebuilder, Zecco, Vanguard, or someone else for my IRA or brokerage account?
Which “rewards” credit card is the best and which one should I use?
Quicken or Microsoft Money?
Should I prepay my mortgage or invest any extra money I have?

While all of these questions, and ones like them, do have merit, don’t waste a lot of time worrying about whether you made the right decision regarding these types of decisions. The worst thing you can do is to put it off or be afraid to pull the trigger. I know. I have an old 401k I have been meaning to roll over for over a year. I put it off, and then forgot about it for a while. With any decision, financial or otherwise, pick which one you feel most comfortable with after your analysis, do it, and move on to the next item.

The important thing is to DO IT NOW. Don’t stand on the sidelines. Jump on in.

“In any moment of decision the best thing you can do is the right thing, the next best thing is the wrong thing, and the worst thing you can do is nothing.”-Theodore Roosevelt

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