Saving Is Awesome, Spending Sucks!

Saving Is Awesome, Spending Sucks!

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Saving is hard. No matter what personal finance blogs say, arguing about the future, and just how much money one will have in the future, the fact remains that you do not have that money now.  That $300 that could be used for clothes, movies, video games, or my personal weakness, computer parts, is now tied up in a savings account. Well that’s boring. It’s hard to convince people that saving money is more appealing than spending that money on goods that benefit you immediately.  As a random finance blogger, however, I am going to attempt to convince you that saving is awesome, and that spending has less benefits than you may imagine. My first challenge is trying to convince you that spending is icky.  I want you to try and remember your last big purchase of a physical item.  Do you remember how you felt before the purchase, and…

I Stopped Multitasking; You Should Too!

I Stopped Multitasking; You Should Too!

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We’ve all heard that multitasking is a good thing. In fact doing only one thing at a time, seems wasteful in today’s society. When I was in university I dubbed myself a multitasking genius as I usually cooked dinner, did homework, and watched my TV shows at the same time! In my mind I was killing it at multitasking. But after years of multitasking I realized, Our brains aren’t built to multitask, instead they are built to focus on one thing at a time. In fact what we know as multitasking is actually task switching and this is actually terrible! Every time we switch between tasks we waste valuable time and brain power as we have to remember where we left off, and then get back in the zone to complete the task. This is similar to what happens when you use your smart phone to switch back and forth between…

If You Can Answer Yes to These 4 Questions; You Will Grow Your Net Worth! (Part 2)

If You Can Answer Yes to These 4 Questions; You Will Grow Your Net Worth! (Part 2)

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This article is the second part of a two part series, discussing 4 characteristics that accumulators of wealth share. The first part of this series explored why it is necessary to know how much you spend on shelter, clothing and food (in other words basics) every year. Knowing this will allow you to control your consumption rather than letting consumption control you! This post explores three more characteristics that high accumulators of wealth share. If you wish to grow your net worth/ wealth and retain it, you must be able to answer YES to these questions:  Question 2: Do you operate on an annual budget? Allocating your expected future earnings to different consumption and savings and/or investment categories for the year is important so that you’re able to cope with any unexpected situations, and also live comfortably. A lot of people see budgets as restricting, and therefore a bad thing. However, a budget actually gives you…

If You Can Answer Yes to These 4 Questions You Will Grow Your Net Worth! (Part 1)

If You Can Answer Yes to These 4 Questions You Will Grow Your Net Worth! (Part 1)

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This article is the first part of a four part series, discussing 4 characteristics that accumulators of wealth share. You’ve most likely noticed that those people who seem to live in the gym are the fittest people! And you probably think, what the hell are you doing here? You’re already so freaking fit now run along and stop hugging MY squat rack. But they only got fit because of their discipline. The same concept applies to wealth accumulation: If you have the discipline to budget, and control your expenses, your net worth will surely increase! My favorite personal finance book called The Millionaire Next Door, shows that millionaires spend more time budgeting and planning than any other demographic. If you wish to be rich (i.e. grow your net worth) and retain it, you must be able to answer YES to these 4 questions: Question 1: Do you know how much you spend…

Get To It: Wake Up and Start Living

Get To It: Wake Up and Start Living

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An ant symbolizes hard work, diligence, cooperation and industry” As I sip on my caramel hot latte, my life feels like it’s in motion but I am not. It is mentally challenging to feel stuck in a state of mind where you question if your ideal self will ever be actualized. The good thing about feeling this way is that you know a mental breakthrough is around the corner; but this can only be reached with the right amount of mental inducement. The real question is how to shift your perspective to focus on ways to improve your sense of fulfillment. That’s easy: get active; but that will prove futile if there are no goals to accomplish. The hard part is coming up with goals that will provide satisfaction. Many people scavenge for the true meaning of life and live in a dreamland blinded by indecisiveness and fear of the unknown. Well,…