Currently you’re a slave to your occupation, you’re worried about your financial situation. You have the desire to travel the world but you have a fear of the unknown. Forget about your savings, travel is the only thing that makes you richer.
All you can do is just stop thinking about it; just do it. When you land flat on your ass on the other side of the world you’ll begin questioning if you’ve made a mistake. When you’re riding a motorcycle from the north to south of Vietnam you’ll be wondering why you’ve never been travelling extensively before. When you’re climbing Everest Base Camp you’ll be questioning why you live in a city. When you’re getting a five dollar massage you’ll be wondering what you’ve been paying thirty times the price for. When you’re eating cuisine that invigorates the soul you’ll be stupefied. When you’re watching a lion crawl through the tall grass of the Okavango Delta you’ll get the perfect photo. When you’re drinking Belgian beer you’ll wonder why anyone drinks Budweiser. When you’re hanging out with Polar bears in Churchill you’ll wonder why we’re not looking closer at alternative energy sources worldwide. When you’re diving with sharks in the South Pacific you’ll realize Jaws was a terrible portrayal of such beautiful creatures. When you’re at Carnival in Salvador, Brazil you’ll wonder why you pay entrance to the clubs where you live. When you’re flying down the side of a volcano in Nicaragua on a sled so fast you can’t slow down you’ll know you did the right thing leaving home.
The list can go on and on and on. The world is far too big to be stuck in an office chair working for some bureaucratic bastards who care more about their bank statements than their employees. I’m going to have to quote Mark Twain here..
“Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”
In the end, who knows.. Maybe you’ll end up marrying a Philippina and living on a white sand beach in the Visayas where your student loans will be a distant memory. Just let go and see what the world has in store for you. – solitaryman69
When my balls stick to the inside of my thigh
When I’m in a theater and a movie has subtitles
If This 72 Year Old Grandma Can Work Up The Fortitude To Workout At The Playground Every Morning, Surely You Can Get Your Butt Off The Couch And To The Gym Everyday
I know $1M isn’t the same as it used to be, but it’s a goal I set 10+ years ago for myself, so it’s nice to finally reach it. Nor was this overnight. It’s been a long, slow grind.
I didn’t come from money. Quite the opposite, as only one parent graduated high school and we sometimes lived paycheck to paycheck. (I remember a few drives with my mom to pay the electrify bill & get the lights turned back on.) I graduated college with >60-70k in debt. ( in today’s dollars, adjusted for inflation, it would be ~90k.)
I’ve learned a lot about money the hard way and a made lot of mistakes over the years. But I stuck with it, and figured each time, it was simply the price of learning each lesson. One of the great things is that I’ll be able to pass those lessons on to my kids (hopefully).
I also find that I’m motivated by others success stories, so I thought I’d share mine.
Even if you’re in the hole, hang in there. You may not get rich over night, but with persistance, you’ll get there!
Avoid debt. Especially credit card debt. I took a long time to learn this one. Credit cards are fine if you can pay the balance off (in fact, can be a good way to earn miles), but if you can’t afford it without using a credit card, you can’t afford it. Period.
Live below your means. Obvious, but the less you spend, the more you can spend.
Save automatically. Have your savings automatically transfered from your checking account to a savings account. For me, seeing a large balance at the ATM makes me less careful with money, so I try to keep it to what I think I can spend.
Look at ways to get "free" money. Passing on free money sounds crazy, but that’s what I tell friends they’re doing if they aren’t investing in their 401k, especially when there’s an employer match to be had.
Be mindful of taxes! Invest in your Roth IRA & 401k early! When I was in my young 20s, it hurt to contribute to them, but thanks to compound interest, I’m glad I did.
Avoid trying to out smart the market. (Something else I had to learn) I generally don’t own an individual funds. A low cost index fund is your friend. I can’t brag to friends about buying a stock low & selling high, but who cares? I invest to have more money, not stories. Read "A Random Walk Down Wall Street" and you’re set.
Discuss your compensation openly with a close set of friends, especially if they work in similar fields. These are people you want to see do well, not really compete with. Your attitude should be whenever anyone in group does well, that’s great (not jealousy). It can be a big help. You’ll feel more confident asking for larger comp. (either in a new job or a raise) if you know others are getting.
Learn to negotiate. This was also really hard for me. I hate negotiating, especially when it came to things like job offers. But I had a choice: Decide I didn’t want to do it & accept I would get paid less, or suck it up & try to get paid more. I’m glad I started to do the latter. This is also where the group of friends above can help. Being in the middle of negotiation is hard. Have people with your best interest at heart, but nothing for them immediately at stake, really helps with objectively, thinking things through, etc.