HUGE HIT TO MY CASH NET WORTH…

BUT IT FEELS GOOD!

For the last year and a half, I’ve spent literally ZERO DOLLARS on myself. I’ve always been very frugal (not quite a minimalist) and have focused my time, energy, and money on pleasing/helping others.

But this weekend…. Was ALL! ABOUT! ME! 😉 I’ve had some struggles in my personal life and hadn’t been as confident as I should be. People I love had started noticing patterns in my life that weren’t exactly normal! So after a discussion with a concerned family member, it was decided that I would treat myself for once. With that being said, I WITHDREW $500 from my investments and SPENT IT ALL ON ME!

It felt good as heck, too! I bought a boatload of clothes (much better than the thrift store clothes I used to wear all the time, some accessories (including an $85 designer wallet), and some good night’s out with friends!

Withdrawing the cash wasn’t really the wisest decision ever, but it definitely did something for me on the inside that was positive. It was like letting off a whole lotta steam that was built up! That’s the best part about personal finance….. It’s PERSONAL! So even if certain actions aren’t necessarily ‘by the book,’ some times an exception to the rules can be a healthy breath of fresh air.

I feel better. And life is good. That’s what matters most. 🙂

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I GOT A BONUS!

Nothing brightens up my day more than walking to my mailbox and getting a check for $138.52!! Owwwweeeee!!!!! It’s not much but it feels good, ya’ll!

Since I’m going by the 80/20 rule, I saved 20% which was $27 (I saved $30:)) and spent the other 80% on gas, my favorite Mexican restaurant, and clothes at the thrift store (4 dress shirts and 4 pairs of slacks for $28)! After all that I still have $7 left and I’m thinking about just throwing that cash into my emergency fund!

Today was a great day already… The bonus was just that…….. A bonus. 🙂

Have an awesome day,

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I’m not one for rules. These rules are the exception, though. :)

I’ve decided to follow one set of rules during my road to building a HUGE asset base!

1. Live below my means (live on less cash than I make!)

  • The 80/20 rule is what I’m going to use! – Live on 80% of take-home pay, Save/invest 20% of take-home pay

2. Increase my “means” (grow my income)

  • This is one reason I’m excited about being self-employed… I get to decide how much money I make, so an increase in income is VERY, VERY possible!!

3. Follow the first two rules for the rest of my life!

  • I don’t plan to follow this one to the “T” …. Because eventually I want to be able to live on 50% and save/invest 50%! 😉 Which is even better!

This December will be my first month living STRICTLY by this set of rules! &I’m looking forward to feeling like I got a raise because I’m expecting a raise in income in December (which will go along great with the $1,000 in extra income I earned this month!) and I just constructed an AMAZING and TOTALLY do-able budget for December! I’m ready to get focused and organized, financially! It looks like this will give me an AWESOME head-start to my next fiscal year starting in January!

My goal is to DOUBLE MY INCOME in 2014!

I’ll end 2013 with roughly $22,000 in total income working part-time jobs and being fairly lazy. But in December of 2014 it will be fun to see the difference in my 12 month income and overall NET WORTH  compared to 2013! Now I’m developing a better work ethic, I work a part-time and own my own business now! So seeing the difference should be interesting!

Anyways… I’m curious. What financial rules do you live by? Let me know! 🙂

Sincerely,

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