Do you know what causes the biggest waste of your money? Impulse.

All successful savers and investors have one thing in common. That is? Impulse control.

When is the last time you stopped and had a 10 second conversation with yourself about what you were about to buy? People love to solve their problems (is it really solved?) as quickly as possible so that they don’t have to think about it anymore.

Why is it so difficult for everyone to delay decision making where it pertains to spending money? Isn’t that what has our Country in trouble right now? You know, road rage and impulse spending are caused by the same mechanism.

In both cases, your inability to control yourself is the cause of the problem. So what if someone drifted into your lane? You’re fine. Do you really need to chase him down and tell him what you think? So what if you are getting tired of your car? Do you really need to go to the dealership today and replace it?

If you answered yes to either of those questions, I feel sorry for you. I also know in my heart that you can change. I’ve seen it happen many times.

Is today your day? What do you need to do to take the first step? Do you need to get in an accident? Do you need to be arrested? Do you need to lose your house, go broke or compromise your future? Or can you simply begin today to take responsibility for your actions? Can you act like a fully functional adult? Can you control your impulse?