…action items, not theory.
Wealthy not rich
Wealth is a state of mind, not a big bank balance. People prefer clarity over confusion. Getting to a wealthy state of mind should not be difficult. Steps leading to a wealthy life include:
- designing the life you want to lead
- developing an action plan to get there
- making those actions a priority
No nonsense, simple and straight forward advice that can be implemented almost immediately. For those with a short attention span and want action items not theory.
Highs and lows are key, not balance
The life of a permanent traveller involves plenty of highs and lows. I’m fortunate I have the attitude that not all days will be great. There will be good days and not so good days. If you don’t have some lows, how will you know to appreciate the highs? For me it’s just a case of riding them out and waiting for the to pass.
I worked with people who used them effectively. I replicated their systems. Still a failure. I In the drive to always be improving, self awareness is important. I try to spend some time thinking about why I’m having a low day. Is it the location, bad food, an argument with a friend or any other number of things. Slow down and work on the causes. make positive changes with the aim of avoiding the the same issues in the future. Burying yourself in one task is not a solution. Don’t fall for just keeping busy fallacy.
Change your debt level, change your attitude
Many personal financial writers advocate for having a nest egg in case something happens. The general consensus is three to six months worth of expenses in a bank account or other safe form of investment. This is a good idea. We have all seen just how close to the edge many people are when the economy takes a dive. Of course it doesn’t take a world wide financial event to create a problem. It could simply be losing a job or getting injured and being unable to work.
Rates of saving vary around the world. The US seems to get a lot of the attention because of the stunning fact over 50% of adults have less than $1000 in a savings account. Think about that for a moment. Your car breaks down or your heater or air conditioner stops or you have a visit to the emergency room. Each of those can easily be a thousand dollars. Even worse when more than one happens at the same time.
Travel teaches you about yourself
Australians are known for being frequent travellers and we tend to go for a while. I’m not sure why. I takes a long time to get to most places. I laugh when I overhear people in the US speaking about a long plane trip and then find out it was only about five hours across the continent. I think most Australians consider anything under half a day short.
Travel can teach us so many things. Especially when it involves experiencing different countries and cultures. Do it solo and the teachings are even greater..