What if we started spending all of our paychecks instead of saving half of them? What if we started living paycheck-to-paycheck without regard to savings or investments?
After all, everyone else is doing it!
With all that money, we could drive brand new cars to work. Nothing fancy but we could finance a 2018 Honda Civic sedan and, since everyone else is doing it, an SUV to go with it.
The year-end is right around the corner, leaving us a bit more than a month to finish on top. As part of our Better Self series, we explore the little things that can, over the long-run, make a big difference in your life.
Revise your finances
In this Holiday time of gifts and expenditures, it is important to keep your spending in line with tools like Mint or Personal Capital and cut the inessentials.
This week, I have been reading The Wealth of Nations by Adam Smith. This 1776 masterpiece reflects upon economics, the division of labour, productivity, and free markets at the beginning of the Industrial Revolution. However, even if it is centuries-old, it is still very enlightening and I highly recommend you pick up a free copy at your local library.
It got me thinking how strange it is that things you value the most for their use have often very little value in exchange and those with the greatest value of exchange have very little use.
This is part of our Open Book series, you can start here if you did not read our first post.
Winter is coming and it has been a while since our last Open Book series. We try to be as accurate and transparent as possible to give you a proper idea of our finances. We attribute most of our success our high savings rate and constant tracking of our progression with tools such as Mint or Personal Capital.
Traveling is amazing.
Whether you are driving across the country in a van or flying across the Atlantic to explore Europe, trips will make you grow, they will show you the cultures of this world, they make you a better person.
According to a study published in the Hostelworld Global Traveler Report, travel-hungry British traveled on average, to 10 countries, Germans have seen 8, and the French traveled through 5 countries on average.
Feeling trapped is exhausting, it can drag you down. Keep you in a slump. Once you get out of that slump, once you are free, you can finally live again.
You might feel dragged down by your student loans, car loan, or maybe you went a bit over your means with that credit card and now, you simply do not know how to get out of it.
Since we started saving over half our income, our budget has slightly changed. We now shop less, eat out less, buy less, but that’s all good things!
We buy a lot less stuff, but we value experiences a lot more anyways. We still travel a lot, eat out in amazing restaurants, and do fun activities… We just spend way less time at the mall.
Finding a good job is hard. Finding the perfect job is even harder. As part of our Better Self series, I am asking myself if there might be something better out there to not only grow in my career but as a person.
Although I recently changed positions 8 months ago, it was a lateral move. Work is now closer to home, which is great, but there is so much more out there… Sometimes I just wonder how it would be to change careers altogether.
I would like to start by thanking The Financial Journeyman for nominating me for the Blogger Recognition Award. We have been blogging for a while now and this recognition is a big deal to us. With all the personal finance and early retirement blogs out there, it is a true honor see you took the time to read ours and to get a bit of recognition.
As part of our new Better Self series, I am committing to reading a book-a-week. This week, I was reading the Art of War from Steven Pressfield. It describes how we can avoid the roadblocks of any creative endeavor and how Resistance is the root of all procrastination, hesitation, and laziness. It is a great book and I highly recommend it.