A Latino proverb warns that trying to hold too much means holding nothing. Instead of juggling credit card debt, emergency funds, home savings, and retirement all at once, pick one financial priority, nail it, then move to the next.
Now you probably heard the saying, "If you chase two rabbits, you'll catch neither." Or maybe you've heard, "Don't spread yourself too thin." Well, Latinos have our our own version: el que mucho abarca poco aprieta. Basically, if you try to grab onto too many things at once, you don't hold onto any of them very well. And that's some pretty good financial advice as well, because one of the biggest mistakes I see people make with money is trying to fix everything all at once. They want to pay off their credit cards, build emergency reserves, save for a house, start investing, max out retirement, help the kids, help the parents. That's a lot of rabbits to chase. Instead, ask yourself, "What's the most important financial priority in my life right now?" And start there. Make progress. Then you move on to the next one. Building wealth doesn't mean doing everything all at once. It means doing the right things in the right order. And that's something our parents and grandparents understood long before anybody called it financial planning. El que mucho abarca poco aprieta. Now that's finances con corazón.
