I got asked a question yesterday that kinda stopped me in my tracks. I knew what the answer was right away, but for whatever reason it really HIT me when specifically asked. Retireby35 asked me if I was accumulating any savings with my new paycheck system? And the answer? NO. I’m not.
Wow. No savings. I’ve been telling myself all year that if I can just break even every month I’d consider myself a success (and so far so good!), but man… what a difference in thinking over the past 15+ years. Can I REALLY be happy for longer at this rate? And if so, is that even GOOD? haha…
Honestly, I’m pretty damn happy right now :) There are a ton of stuff that sucks about self-employment for sure, but at the end of the day I’m doing what I want when I wake up every single morning. To me that’s worth way more than extra savings in the bank. But that’s also because I already HAVE a lot saved up from over the years too. It’s not enough to stop me from worrying about it altogether (not even close!), but def. enough for it not to phase me going a few months, or a year, without adding anything significant to the pot. Eventually though – like, within the next few months – I’m gonna need to start upping my game. Not necessarily for the money itself, but for the GROWTH factor.
The one part I hated about my previous 9-5 was that I stopped learning and I got complacent. I knew the bare minimum I had to do to get by, but it pretty much stopped at that toward the end (Bad J$!!!). When you’re working for yourself though, that doesn’t fly. And it’s a GOOD thing too! You start getting lazy or stop looking at the “big picture” and you’re liable to start rolling downhill. And that’s the part that scares the bejesus outta me. I want to ALWAYS have a game plan for the next 6 months out – whether it’s for increase of money, projects, or just overall lifestyle. To me, failing would mean going back and being a drone. I can’t let that happen. (I’m not insinuating that all 9-5’s suck, btw – some are awesome and totally inspiring!!!)
So for me, savings is just another part of the ultimate goal at the end. Of course I want more of it, and have plans for hopefully making this happen, but in the trade off of “perfect job” to “crap job w/ more money,” I’d pick the former every time. Especially now knowing the difference :) I may have to adjust my lifestyle a bit to keep it going if things start running amok, but at least I’d be doing what matters the most to ME at the time. And right now “life happiness” comes before “bank happiness” in my world. (Although we can check back up on this later and see how it’s going, haha…)
But what do you guys think? Anyone else debating this at the moment? Would YOU give up some money for the perfect job too? Or am I plain crazy??
(Photo by Lizard10979)
PS: Some of my favorite tools:
|Personal Capital (FREE) -- If you’re looking for a robust financial tracker, Personal Capital is the way to go! They’re like Mint, but on steroids and have much better tools for investment and net worth tracking. // Full review|
|Digit (FREE) -- A super easy (and automated) way to save. Every day Digit analyzes your income and expenses and will push money aside for you any time it sees extra sitting there. I've saved over $4,000 myself using them so far! // Full review|
|Acorns -- Having trouble finding money to invest? Check out Acorns – they round up all your transactions to the nearest $1.00 and drops the difference into an investment portfolio for you. Easy way to start investing! // Full review|