I have officially told my roommate that I’m leaving at the end of the month in September. I’m not sure if it’s the best decision, but I know that I cannot afford to pay rent so I’ll be moving home. My income has been unpredictable and that’s the scary part when it comes to moving to a new city, but even as I’m typing this I am realizing that it makes so much sense to be home. I’ve been a little aggressive lately when it comes to side hustles, so I hope it all works out. Fortunately, moving back home means cutting some expenses, but my travel costs and a possible lost of access to my clients is a worry that I will face once I’ve settled in.
I wish it was so easy to save money to buy a house instead of rent, and to pay off debt. But I know that taking this step means I will be spending less and I can focus/ concentrate on my financial goals. It’s so easy to feel discouraged and nervous so blogging and typing about it actually really helps.
I want to take a year simply exploring the world. I have no budget as you guys know. But if I were to go home, I think I can afford it. Even better, I might have enough to start a company. I can live off my grandparents’ farm. But I have a math problem. For sure, I can leave for 2 months but I might need to come back to my city right now for a week or two for a professional event. Should I airbnb my room out? or should I just completely get out of my lease?
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.