As I was talking recently to a potential client, the term ‘financial freedom” has been mentioned a few times. I heard the term plenty of times before; I know there are many online communities built around it. It has traction so it must be at least semi-legit and yet, I really, really don’t like what it represents. It’s not really the term, I guess. It is the concept behind it.
The whole thing assumes that we cannot live the life that we want to live now. Instead of waking up in the morning and doing the things that we want to do, we need to go to a job that we don’t really like, earn a paycheck, hoard all that cash for the future and live with a countdown to something that is supposed to exhilarate us at some future date. Read More
Our lives are becoming ridiculous. Not in a good way. Ridiculously busy, overscheduled and stressful. You don’t need me to tell you that. You know what you have to do every day just to “survive”. So today, I would like you to think about the list of Nos. When and how do you say no to demands, opportunities and random encounters? Do you have a process, an organized way to decide what to commit to, what to say maybe to, and what to say absolutely not to?
I am the worst at this. I say (or used to say as I am trying to stop that) yes to everything and everyone, in the process stressing out myself, my family and everyone around me by trying to squeeze one more things into the mix. But I am also a person who believes in processes, lists, and an organized way to analyze a problem. As a result, recently, I implemented the following system in order to make better decisions on this topic. I call it my “List of Nos” for work related demands.
Six months ago I signed for my first sprint triathlon. I was excited. This has always been “a thing” I wanted to do. What better present could I give myself for my 36th birthday? Side note: I can think of about 245 better ways right now. In November, I started training. In December, I became discouraged and two weeks ago, I changed it to a duathlon. Last Sunday, I finished the race in way better time than expected and yet, it feels like a failure. This is just like our money life. We all set expectations in life, we set goals and then we fail and give up. So today, I want to talk about the few things that I learned from my “failed” triathlon. I promise it has lots to do with your money.Read More
Did you really think you’d escape another new-year-resolution-related, don’t-spend-your-hard-earned-money post? I gave it a few weeks but it’s time we talk about it.
One of my clients recently asked me if I really do everything I tell her to do. You know, the typical: save money for retirement, don’t spend it on things that are not important, allocate your portfolios appropriately, etc. good things like that. I am not going to lie to my clients (after all, if they can’t trust me, who can they trust?) so I put some thought into this question. After hours (or more like minutes) of pensive reflection, I realized that my ideas around money changed quite a lot in the last year. Some of the changes were a result of my personal life and some were the result of working with about 20 completely unique people over the last year. And here is what I learned in 2016.Read More
In the last 7 years, my husband and I managed to buy three houses, remodel two and sell one. It’s not that I am an expert (I do watch lots of HGTV though) but somehow, I now have a pretty clear idea of what I am willing and not so willing to do for my living happiness. Today’s conversation is about housing. How much is too much? Does a big house mean a happier life? And when do you say NO, we can’t afford this house?
I am certainly not going to give you advice or judge any decision. This is a very personal choice but here are a few things to consider as you shop for your first (or next) house:Read More
“If you want to get out of debt, you must get more enjoyment out of saving your money than you do spending your money”
Disclosure: I know I should attribute this quote to someone but Google doesn’t know to whom. I saw it in Mike Michalowicz’s book Profit First, but I am pretty sure it came from somewhere else. Sorry, originator, but you will have to go uncited today.
Generally, I don’t care for quotes. I am not the person who stitches them on pillows or prints them in her craft room (and no, I don’t have a craft room either), but this quote really got to me because I am constantly struggling with how to convince both my family and my clients to save more and spend less. So today, we will be talking about spending, saving, and happiness.Read More
Look, I know it’s not nice but sometimes we just need to be told how it is. So, please, don’t be a loser! I spend a few hours today looking at investment choices of college employees (many of them professors) at a large public university. In a matter of hours, I went from sad-to depressed-to mad. My co-author and Read More