The High Price of Financial Perfectionism and How to Overcome It

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    The High Price of Perfectionism

    1. Personal Finance King

      March 13th, 2017 at 3:56 pm

      Great post. The old saw: The best time to invest was 30 years ago. The 2nd best time to invest is today. Just get started, and learn as you go!

    2. Stefanie

      March 13th, 2017 at 3:58 pm

      Love that saying!

    3. Tonya@Budget and the Beach

      March 14th, 2017 at 9:29 am

      Ah waiting for that perfect time that never comes around. 🙂 I kind of did that with my europe trip, which i AM going on. But it took me awhile to pull the trigger. I wanted to hang on to money SO TIGHTLY because of my past experience with money and the fact that I would be NOT using that money in retirement. But guess what I’d be doing in retirement anyway? 🙂

    4. Stefanie

      March 14th, 2017 at 10:31 am

      Traveling? 😉

    5. FinancePatriot

      March 14th, 2017 at 11:15 am

      I completely agree about perfectionism being a crutch. One more thing I’d like to add about perfectionism is it sort of keeps us from growing. That is, if you already think you know what perfect is, you might keep yourself from learning a better way of doing things, such as investing vs. a savings account for your money.

      Savings accounts are linear, and they are costly in the long run. However, they are easy to understand. Investing is choppy, but the returns are high. It’s not as easy to understand, so many ignore investing, but at their own peril.

    6. Stefanie

      March 14th, 2017 at 11:20 am

      Great point and totally agreed. It’s like life. Things that result in really meaningful growth are rarely linear. We need to give ourselves that permission to ride the sometimes choppy waters.

    7. Josh

      March 16th, 2017 at 9:45 am

      This is so me! I bought a house at age 23, and it was ok but nothing worth showing off. So I’ve spent the past (ahem) 11 years making improvements: bamboo floors, a paver block patio off the living room, new stainless steel appliances in the kitchen, nice landscaping and a new front door to add curb appeal. And guess what? I still haven’t had that housewarming party, nor have I ever hosted guests of any kind, except for my family when they come to Florida on vacation.
      Maybe I’ll finally host that party when I kill the mortgage?! Maybe…

    8. Stefanie

      March 16th, 2017 at 9:46 am

      Better you procrastinate the housewarming party than the home purchase though 😉

    9. Durga

      March 25th, 2017 at 1:56 am

      Perfection is every ones expectation. But, as you explained it costs high. So, going on with things gives you more perfection rather than craving for perfection and getting anything done(or not started yet).

    10. Leah@Urban20Something

      March 27th, 2017 at 8:33 am

      What a great article! I think everyone can relate to this, but especially us New Yorkers. 🙂

      I heard your interview with HerMoney, great work! I love hearing the entrepreneur stories of my fellow NYU alum. I look forward to hearing more from you!


    11. Matt

      March 27th, 2017 at 1:20 pm

      I delayed investing for years because I was afraid I didn’t know what I was doing and I wanted to learn more so I could make informed decisions. In the meantime I missed out on a ton of gains and dividends that would have boosted my account way higher than it is now.

    12. FrugalView

      July 28th, 2017 at 9:09 am

      I agree with all the points you have made. I think the biggest problem for me is that I will spend money creating something as a budding entrepreneur and then won’t think it is good enough afterwards. It probably would be good enough for the market itself but to me it isn’t up to my high standards. This can cost lots of money in terms of wasted projects.

    13. Adrian - Investor Tuition

      December 17th, 2017 at 5:24 pm

      A great post. Perfectionism is really a form of procrastination. We all suffer from it at some time and most certainly to differing degrees. Having been a financial adviser for over 20 years I can certainly relate to the reasons people (of any age) put off investing. I don’t think I have ever met so many people who ‘just can’t afford to at the moment’ when asked about creating some type of savings plan. And yes you are right, its best just to start small and let it build up. As the saying goes ‘perfect’ is good, ‘done’ is even better!

    14. Rodney Allen Hampton

      December 22nd, 2017 at 4:20 pm

      Don’t let the perfect be the enemy of the good.

    15. Stefanie

      December 22nd, 2017 at 9:32 pm


    16. Rodney Allen Hampton

      November 18th, 2018 at 9:35 am

      Focus on making steady progress and don’t beat yourself up when you divert from plan. Just be honest about why you are off plan and how to fix it so it won’t happen the next time. Example – the little “emergencies” that crop up are sometimes part of a pattern you can fix. I like to gas up for the week on Saturday at a station where I know the prices are good, instead of being at the mercy of whatever station I pull into mid-week when the tank is near empty.

    17. Celina

      June 27th, 2019 at 11:00 pm

      Great post! I think we can all relate to this. Perfectionism and our desire to “get it right” can lead to procrastination. I started investing after I had my son. I wish I started sooner. I was afraid to make a mistake so I didn’t do anything for years!

    18. Stefanie

      June 29th, 2019 at 12:56 pm

      I hear you! I think we all wish we had started investing when we were a lot younger!

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