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Archive for the ‘Contemplative’ Category

Balance

So one of the problems I see with financial management is balancing being smart with my money, while still being able to go out and have a good time. I know I need to cut uneeded expenses from my budget, but even just this summer there are so many movies coming out in the theater that I want to see. This is something I am going to have to face and resolve.

In other news after Coinstarring my loose change, I came out with 16 dollars, which is good because I had to pick up some groceries and that meant that I didn’t have to touch any of my accounts to do so. Also right now I’m trying to decide whether to kill my debts ASAP or just build capital into my accounts until I can invest and start building my income. On one hand, killing the debts would free up cash to start building more capital and would decrease my monthly payments from 3 to 1. On the other hand, if I’m throwing all this money at my debts, I don’t start building up spare capital to begin investing. Despite this, I am still leaning right now towards killing my debts. I really hate having all that debt. I think I need to avoid my natural tendency though to pay things off without saving much. I need to pay myself first, no matter how much I may lean towards the opposite. A classic symptom of the perpetually poor is the inability to realize that you need to pay yourself first or you will never get ahead.

Like I said and like I know, this is not going to be easy, but nothing worth anything ever is. If it were easy, everyone would be doing it. Since not everyone is doing it, it will give me an edge. Too many in my generation just look for the easy out. They want things handed to them on a platter. They think they deserve amazing things without putting in the work to get there or striving to open up an opportunity. Here’s to them: without them, my journey would be made even more difficult.

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