It’s no secret that I’m passionate about intentional living (knowing what your goals are), making conscious choices (frugality) and having a plan on how to spend your money to achieve it all. I’m passionate about personal finance as a means of turning your dreams into goals so they can become reality. I’ve mentioned that I accumulated $15,000 of credit card debt. It all started with the unexpected coma and death of my 57 year old mother. Paying Off Debt was My Biggest Financial Lesson. Yes, that’s right. I call it my biggest financial lesson, not my biggest financial mistake. Would you like to know why?
I’ve been fascinated by an experiment lately, where I introduce the concept of FIRE (financial independence/retire early) in conversations where lifestyle, goals or finances come up naturally. This isn’t done in the context of encouraging anyone to pursue it or how to do it, just at a very basic:
I’ve heard of this new trend where people are minimizing their costs and saving up to 50% of their salary to become financially independent after 10 – 15 years and some even choose to retire in their 30’s.
I’ve done this with friends, acquaintances, co-workers and even a local tailor. Reactions have ranged from intrigued to predictably ‘that can’t be possible’. The act of saying we all have different goals is one thing, but having that simple short conversation has been fascinating to see other perspectives. It’s really re-enforced how important it is to spend some time having those conversations. So what financial goals and perspectives are out there?
Have you ever spent time making plans for your goals and thinking ‘Awesome, I got this!’, only to start your journey and trip over an unexpected obstacle? Something you feel you could have seen coming? In a previous post, we covered how personal finances is similar to video games where you need protection and weapons. Whether you’re at the beginning or well into your journey, there are four financial obstacles you’ll should be on the lookout for and have the right protection and weapons to slay them:
- Destructive attitudes that prevent you from learning about personal finance
- Lack of goals
- Fear of financial skeletons
- Not understanding your emotional relationship with money
Have you decide to switch from a full time to contract position? Are you wondering how to find a contract?
Deciding to switch from a permanent to contract position is already a big leap. I teetered back and forth for at least a few years before an organizational re-structure had me take the leap to my first contract position. Once I committed myself to only seek out contracts, there was a whole other little mountain of questions I had. The first being: How on earth do I get my first contract? I had a vague notion about some basics: online presence, networking and recruiting firms.
Do you remember the nerves and uncertainty finding your first co-op, internship or job? Looking for my first contract position didn’t feel too different. But don’t worry, you can totally get that first contract!