Life is all risky. Select the risks you take with some solid thinking. Don’t risk it all when it comes to money or health. Take calculated risks and move forward with your eyes wide open.
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Category: Financial
Budget Well
Look at what you have and how you’re going to use it. Spend some, save some, invest some and give some away to those less fortunate at the time.
If you do budget well, your wealth will grow and you’ll do well with that discipline. Train your brain to set and stick to a budget. It’s a rare but very useful skill.
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Tidy Up Your Financial Affairs
Have you got anything outstanding? Is there an invoice you should have sent? Or perhaps some taxes that are due to be filed? Maybe you have an insurance claim or credit cards to attend to.
Whatever it is, it will take longer than you think to do and won’t get done until you sit there for several hours and sort it out. Don’t let it keep drifting along. Complete the work today!
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Book Something Fun
It doesn’t need to be expensive. There are many fun things you can do such as crazy golf, a park walk, coffee together, or even a movie while cuddled up on the sofa together.
Just have something once per week to look forward to.
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Sprint
There are times you need to sprint. Just before holidays, you sprint at work. You try to catch up and delegate and prepare ahead in that last week before you go away. You go unsustainably fast for a short period of time.
There are many times people have to do this in life. You just have to mentally prepare and then go as if every minute is precious and required. Go!
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Stay Focused
This really is the differentiator between success and almost success. If your mind is wandering so too is your cash.
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Small Upgrades Can Have A Huge Impact
Something as simple as buying a new, somewhat fancy pen, can put a little spring in your step and bring your shoulders back so you walk with a little more confidence.
Buying a new item of clothing or a tool for your job can give you a similar feeling. You don’t need massive expenditure to get these great little jumps in life appreciation. If you make a few small but strategic purchases on high impact items or services, you can feel your life get exponentially better rather quickly.
Just don’t buy loads of things that don’t give a lasting impact. Keep the upgrades small, simple and high impact, otherwise you’re just wasting money.
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Calories
Modern people don’t need 2,000 calories per day. I know what the ads say but I don’t think it’s been update for the WFH, laptop and tv lifestyle of 2024.
If you have more calories, how are you going to burn them off? If it’s a chore to go to the gym, then why not consume less and cancel the gym membership?
Are you eating for pleasure or survival? That’s what I thought.
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Spending To Help Can Go Too Far
The US government is borrowing on an unsustainable course, says a headline I glimpsed earlier. They noted that 88% of millions of simulations have shown this. So only 12% of simulations have shown it is sustainable to some degree.
I guess you only need one to work. Cross your fingers and hope is not the best strategy though.
If it goes wrong, the current government will have the dubious distinction of having overspent and destroyed the economic goose that was the US economy.
I am sure they mean well. They want to spend a little to help the very impoverished to get the real necessities. But soon enough, like many good intentions, they pave the road to hell.
You see, it doesn’t stop with the basics. Then they want to help lower income people have things of cultural importance like a tv, car or a drinks fridge. These are not necessary to live for most people. Yet the government convinces itself that they are doing good deeds.
They don’t notice they are using other people’s money to pay for unnecessary items. If the person really wanted it they could get more income or spend less elsewhere or even save first and spend once they have the required funds.
Remember, a good start to a program must be continually revisited or it could go too far and bring about disastrous pain in the future when the house of cards collapses in a light breeze.
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Keep An Eye On Your Money
Pay attention to the comings and goings of your money. The big amounts and the little amounts. Keep a budget. Loose or exact but have one.
Understand your cashflows. Know when and what amounts are coming in and out for the days, weeks and months ahead.
The more money you have, the better your plans had better be. The better your plans are, the more money you are likely to have.
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