Personal Net Worth

Personal_Net_WorthHave you enjoyed perusing monthly expense breakdowns or personal net worth details other bloggers have published? Most of us enjoy the occasional financial voyeurism. I know I certainly do. As much as I enjoy peeking behind the curtain,  it’s always left me with mixed feelings. It’s not uncommon for it to lead to someone comparing themselves without context to what is published. Have you ever felt great about your progress, then suddenly feel like it isn’t enough after seeing another’s progress? Personal net worth and monthly expenses should be shared to provide/receive support. You should only compare yourself against YOUR previous achievement. So after much thought, I’ve decided to share personal net worth in a different context and propose an alternative.

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Talking FIRE, Six Financial Goals

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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?

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Finding Contract Work

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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!

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Budget an Affordable Wedding

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Moments after my now-husband proposed, on the side of a cliff. Thinking about the wedding budget made me want to jump over it.

Did you know Christmas, New Years and Valentine’s Day are the most common days couples get engaged? I had no idea! Well except Valentines Day seemed obvious. Anyhow, when I came across that random fact, I thought it would be a good time to share how we pulled off a debt free wedding last fall.

Our wedding had 100 guests, full dinner, DJ, awesome photographer and bridal party. All for 10K.

Project management is my day job and I used those same skills to plan a stress free and debt free wedding. And so can you!

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Stressed for the Holidays?

Melissa_Christmas_1992

I’ve always loved this time of year. When it’s starts getting dark early and cold with a few light snowfalls, I know one of my favourite time of year is around the corner. Something about the cheerful atmosphere, colourful lights and cozy nights inside focusing on hobbies that have languished during the summer. This is what the holidays are like for me these days. It wasn’t always like this, they used to be stressful with all the running around, hustle to get stuff done and expensive with gifts. And then I realized that all traditions and gift giving are OPTIONAL.

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