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If You Don't Track The Numbers In Your Life Now, You Will Regret It Later | HealthMoneySuccess.com | Personal Development

If You Don’t Track The Numbers In Your Life Now, You Will Regret It Later

9 Comments Posted in Personal Development

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Show me the numbers and I will know how you fare in life.

Numbers play an important part in our personal development journey. Jim Rohn introduced this concept to me. I got this concept from one of his audio books and I would say this is a pretty simple yet powerful concept.

If you look closely in your life, you can put many things into numbers. Usually the numbers tell you the harsh facts and reality.

  • Show me the number in your bank account and the number will show how well you are doing financially.
  • Show me the number on your pay check and I will know how well you are doing in your career.
  • Show me the number on your weighing scale and I will know whether you desperately need to slog it out on the treadmill.
  • Show me the percentage of growth or loss in your investment portfolio and I will know whether you need to pick up more books about investing.

Numbers don’t lie. They show you the reality.

Do You Even Know Where You Stand Right Now?

To improve yourself, you need to know how you are doing currently. If you do not know where you stand, it is impossible for you to make your desired progress. You need a benchmark to start with. Without knowing where you are now, it is impossible to track your progress. This isn’t a very smart thing to do.

You need to have the self-awareness to know where you are right now. The numbers in your life can help greatly in identifying where you are right now.

Some people think they are currently better than where they are right now, which may be false. Some people think they are worse off than where they are right now, which also may be false. How many times did you see yourself in the mirror, saw the fats around your tummy, and think that you are still doing ok? I admit, I tried to lie to myself before I weigh myself on the scale.

Numbers do not lie and they help in this case. The numbers provide you with the cold and harsh fact on where you are right now.

Learn How To Use Your Numbers To Raise Your Standard

Your numbers are here to help you but most people do not bother to use it. Keeping track of your numbers (finance, paycheck, weight, hours spent with love ones, portfolio, investment, number of books read) will allow you to know which area of your life needs improvement.

There are a few ways you can start tracking your numbers now. It is time to create your own excel spreadsheet to help you measure your progress in life.

I use Google Docs for creating my spreadsheets and here are some numbers that I keep track.

  • Number of books I read in a year (to ensure that I am growing and learning more about my field of expertise)
  • Income (to ensure that I am progressing smoothly towards achieving my desired income)
  • Expenses (to keep my expenses in check)
  • Portfolio of stocks (make sure that I am investing in sound companies to help me accumulate wealth)

You have to put the numbers in place and start analyzing whether you are progressing in that area of your life. You can start to track your weight, the number of books you read in a year or your personal finance. Whatever area of your life you want to make improvement on, record it down in your own spreadsheet.

Example

If you want to make improvement in your financial area of your life, you may want to set up an income and expenses account in a spreadsheet. It does not have to be complicated. All you need is just a column that includes the month of the year, a column for your monthly income and another for monthly expenses.

At the end of every month, add up all the expenses that you had made for the month. I use an iPhone app, iXpenselt, to keep track of my daily expenditures. On the other hand, you can collect the physical receipts, jot down in notebooks or use gadgets to help record of all your expenditures. Just choose a method that works for you. Once you had totaled up your expenses, record it in your personal finance spreadsheet.

Do the same for your income too. Record everything at the end of the month. Try to make it as fun as possible. You can name the file as “Financial Mastery”, “Financial Genius In Making”, “Journey To Financial Freedom” or whatever sounds nice to you. These titles can entice you more to update on it and they definitely sound much better than “Personal Record Of Income and Expenses”.

If your goal is to increase your wealth, you need to ensure that your income is increasing and your expenses are not more than your income. By recording your monthly income and expenses in a spreadsheet, it helps you to have a bird eye view of the situation you are in now.

Are you spending more than you spend? Are you saving enough? Are you doing anything to increase your income to your desired level?

You can answer all these questions by just looking at your finance spreadsheet that you had created.

Start Tracking Your Numbers And See The Improvement

Making improvements in life is not difficult. Whatever you want to improve upon, just improve the numbers. When you start to track the numbers in your life, it makes it much easier for you to come out with strategies to make improvement. The strategy is simple, improve the numbers and you will see better results.

If you want to excel in your field, instead of reading one book on your field of expertise per year, you can start to read 2 books per month. If you want to achieve financial freedom, you can either make the effort to increase your income or reduce your expenses. Alternatively, if you want to increase your sales income, you can increase the number of prospects you see in a day and increase the ratio of conversion.

So if you want to start making some serious progress in your life, start playing the numbers game, track your numbers and take the necessary steps to make significant improvements in life.

Vincent
Playing The Numbers Game

P.S: My friend Celestine Chua is offering a limited time offer on her new ebook The Personal Excellence Book. If you want to kick start your journey towards excellence in life, you can grab her new ebook now by clicking here. Remember the offer will end at 25th July. So grab it before the offer ends.


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9 Responses to “If You Don’t Track The Numbers In Your Life Now, You Will Regret It Later”

  1. Vincent says:

    Hi Javier,

    Without tracking we will not be able to see our progress and make the adjustments when necessary. It is definitely a good habit to have.

    Cheers,
    Vincent

  2. Brian says:

    Great post…The numbers always tell you the real story…

    Great to be reminded of it 🙂

  3. Hey Vincent,
    After reading this post, it let me think back about our primary school days where our height and weight are being tracked that ensure that we know we are growing. Start to love the tracking progress as it makes me see a lot of stuff that I did not take note in the past.

    Cheers
    Javier
    Journey to Success´s last blog post ..Personal Dropbox Review

  4. Hi Vincent,
    Thanks for visiting the bold life. My hubs is an accountant and keeps me on my toes.
    Have you ever thought of teaching this in an online course? Especially to young people? I think this is excellent;)

    • Vincent says:

      Hi Tess,

      Thanks for dropping by. I have thought about creating a personal development course. I believe I will launch it sometimes next year.

      Cheers,
      Vincent

  5. While I agree with the premise and agree that it improves performance results I would definately recommend it is balanced with a focus on happiness and the goal of the numbers goals.

    If we take the view that all goals are to change how we feel then a number we should measure is how many times a day we feel that way. If we want to have a certain income to feel abundant we should track how often we feel abundant also.

    • Vincent says:

      Hi Jarrod,

      Thanks for dropping by.

      You make a great point here. Happiness and balance are also important. The numbers game can help improve results but obsession over it may result in unhappiness and lack of fulfillment instead.

      Cheers,
      Vincent

  6. Credit Girl says:

    In terms of fitness and losing weight, what if one uses their old pants size as motivation and a benchmark? The other day I was watching Dr. Phil and he said that it was okay to use your old pants as long as you throw out the ones that are now loose. Keeping the baggy pants will give you reason to slack off so therefore by throwing it out, you no longer have bigger size pants to rely on which will motivate you to continue to lose weight.
    Credit Girl´s last blog post ..What to Do When Retirement Goes Wrong

    • Vincent says:

      I heard about others using this method and it works for them. Why not try it? However, be sure to avoid the situation when you run out of pants. 🙂

      Cheers,
      Vincent