I always thought starting was the hardest part - building up enough momentum to get you moving, but I'm finding that keeping that progress going is difficult. I'm a month into this and I'm already backsliding. I've been out to eat more than once per pay period, out to the bars, buying random junk. It's so easy to fall back into these bad habits, because they've been good to your dumb-ass. Providing you with instant reward for each of your 40 hours of hard work. I think the reason its so easy is that all of this stuff is readily available; in your face. I don't wake up everyday to a fat bank account, Tesla Model S or a free schedule so I'm not focused on saving or spending to maintain these things.
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As mentioned in a previous post, reducing expenditures can work some wonders with your disposable income. Take a look at what you're spending and decide what is and what isn't necessary. This can be done with a review of your monthly banking statement or with a budget tracking service like Mint. Below are just a few ways to reduce some expenses.
Ever since I've really sat down and starting thinking through what it would take to actually become financially free by 30, I've been dreading to to write out a plan. Just wrapping my mind around what actually needs to be accomplished in these short 5 years scares. the. hell. outta. me.
Where am I going? Didn't think of this until I started digging into my goals and plans. It's impossible to figure out a way to get to a place, when you don't know where that place is. That's what I was doing when I started writing out all of my goals. So let me take a step back...
Hello again! If you remember at the end of last week's post, the 2 things I wanted you to pull from my story were: Plan To Save and Avoid Lifestyle Inflation.
There's an old saying "If you fail to plan then you plan to fail". This is absolutely true! Just look at me - I made no plan to save my income, made no plan to pay off certain debts, made no plans to retire by 30. |