Complacency is a hard habit to beat

June passed by so fast! And while I was able to catch up on some monthly bills. I’m behind on savings, and I still need to earn more. I know that I need to do this, but for some reason it feels comfortable right now, so I’m not trying as hard. 

Any suggestions on how to form habits or how to earn more on side hustles? I’m all ears. 

Retrospect – Week 1

I think I’ve had this blog for a week! And even with the small change of talking about my finances and lifestyle, already makes me feel like I’m starting to claw my way out of the ground. As I’m thinking about my situation, I have such a long list of goals, plans, ideas, budgets, strategies. But to be completely honest, I don’t think I can fulfill all of them if I tackle each of them at once. Remember how I said I’m going to focus?

So instead of changing my lifestyle drastically in order to keep a budget, I’m going to start with 1 small change each week.

Next week, 3 habits I’m going to build would be:

  1. Save on Mondays
  2. Spend on Fridays
  3. Track Expenses

I think these habits would lead up to being a prioritizing saving over other expenses. Keeping and maintaining a budget, and also knowing where my money goes. It’s steps I need to take to better strategize in the upcoming weeks.

Wish me luck! and keep me accountable guys!
-S

Focus

I listened to a great PodCast today: TED Radio Hour – Endure. I didn’t finish it because I got too excited after the first one, which is actually a funny story. Anyways, the first speaker holds the record for completing the trek of hiking from the coasts of Antarctica all the way to the South Pole. What I learned? They were so focused on this task. So much so that when they reached the South Pole, instead of going inside the camp that was there, they just took photos and hiked out right away. See the irony? I learned that focusing is good, and yet I didn’t focus to finish the podcast, instead I’m writing about it immediately… hah

This talk actually really shed some light to my work habits. I’ve always thought that routine creates success and incremental changes leads to big changes once you factor in the time. I know that is true. But I think what I’m lacking in my plan and strategy, is that I’m making incremental changes and building my routine for 600 different goals. Today, I’m restrategizing and will implement focus on those goals.

Instead of taking 15 minutes a day to watch 4 different tutorials for different skills I want to learn (software, coding, foreign languages, business management) it might be more wise to take 1 hour every day to focus on one of those tasks. Similarly, instead of dividing up my day to work on freelancing projects and personal projects, it might be wiser to focus on one project for uninterrupted amount of time each day.

And finally for finance, I should focus on feeling safe. To me that means, having $3000 in my savings account as an Emergency Fund. Having contract jobs lined up for the next 3 months, valued at (10,000). I think I can focus on that, and I think it’s doable to achieve that before the end of the year. Once that’s taken care of, I can start planning how to attack my debt.