have a book with you.
If you substitute the habit of watching TV - or
even worse - the news by reading a good book just before going to bed, you will
derive the additional benefit of peace of mind. Another side effect is that you
increase your creativity. So what are you waiting for? Make a list of 6 books that
you will read in the next three months! If you don’t know what to read check out
my webpage for recommendations.
But make that list NOW!
Chapter 47: Start saving
“Personally, I tend to worry about what I save, not what I spend.”
Paul Clitheroe
This one is taught by all the wealth gurus. I read it the first time many years ago
while reading Talane Miedaner’s book “Coach yourself to success”. This single
advice changed really everything for me and was the basis for leaving my job
and following my dream many years later. Once you have saved enough living
expenses for nine months to one year, things start changing. This is a huge
advantage. For example, you stop depending of your boss’s mood. You can stand
up for yourself and say: “If you have problems with my work just tell me”. If at
your current job people are not respecting your boundaries or even harassing
you, in the worst case you can even quit your job and find another one. Or take a
sabbatical. Furthermore you are not desperate when you’re going to job
interviews because you don’t need the new job that badly. As a coach, for me it
was and still is important to always have a reserve, so that I have the freedom to
work only with my ideal clients and can afford to say “No” to clients that aren’t
a fit (which a coach should do anyway, because coaching only works if the
“chemistry” is right). Working out of a need for money surely wouldn’t bring as
good results. Having a reserve of 9, 12, or even 18 months salaries (the more the
better!) saved up just takes a lot of stress off and makes you feel a lot more
secure and gives you peace of mind. To start saving you have to spend less or
earn more. Most of the time it’s easier to cut down your spending and take a look
at where your money is going. The best way is to automatically deduct the sum
from your account at the beginning of the month and put it into a savings
account.
Questions:
Will you give it a shot?
When will you start saving?
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