Every February 2 at daybreak, the world’s most celebrated woodchuck, Punxsutawney Phil, must decide whether to scurry back to his warm bed, or overcome his fear and stand fast.
And in 1993, the annual “woodchuck’s choice” became the subject of the memorable film comedy, “Groundhog Day,” where Bill Murray plays the role of Phil Connors, an arrogant TV weatherman. Both the folk story and the film story evoke the same moral: Without changing our instinctive habits, we are doomed to remain in a perpetual loop of self-imposed misery.
We often find ourselves experiencing the same negative consequences over and over again when it comes to our personal finances, seemingly unable to get out of our own way and on to better results. Consider, for example, the following ruts we so often fall into:
A major turning point in “Groundhog Day” occurs when Phil finally realizes he can’t escape his perpetual time loop all by himself and turns to his colleague, Rita, for help. When it comes to our own financial dead-ends or dysfunction, change often takes admitting we can’t do it alone. Enlist the support of a CFP to help move you forward financially. He or she will be well-trained to understand behavior – both yours and your money – to get them working productively together.
So here you are again.
Imagine you’re Phil. It’s February 2, and your radio alarm just went off, as it always does, at 6 a.m. You awaken faced with another day that ought to be pretty much like yesterday. But before you bolt that usual cup of coffee or listen to morning news, pause and consider: What can you do now to make your financial circumstances tomorrow better than today?