5 Ways To Prevent Financial Savings Burnout - Sis

Starting something new is exciting. It’s easy to get lost in taking action and seeing quick results. What happens when you start feeling burnt out? You can get tired of being a saver, not spending on perceived desires or always thinking about the monetary cost behind things. It can be very hard to stay the course. Other things like lack of family support or family fatigue can make a person feel burnt out. Some simple actions can help prevent burn out and get us through these times of struggle.

1) Set intermediate levels of goals
My husband is a list man. Every weekend he creates a chore list and gets satisfaction of crossing off his accomplishments. Then at the end of the weekend, he can judge his weekend by what is left of the list or that he was able to complete on it. You may set a savings rate goal, or 10 year plan but those things take time and several steps. Make sure you celebrate small wins as well. Write things down as well so you can see what you have accomplished. This als…

Interview - Bro

For this weeks post check out ESI Money where I did an interview. Enjoy

Siddhartha- Financial Independence Lessons Learned - Sis

I recently listened to the classic book, Siddhartha by Hermann Hesse. The book was originally published in 1922 in German. The story follows Siddhartha and his lifelong spiritual journey and self discovery. This story is full of perspective on love, learning, life's journey and discovery. It’s one of those books you can read ten times and seem to take away something new from it each time. When reflecting back on the book, there are several lessons that can be connected to one's financial journey in pursuit of independence.

Family blessings

Siddhartha came from a very loving family and was well respected in his community growing up. His dad was very wise and spiritual. He had great dreams of Siddhartha growing up to be a strong community leader. However, as a young teen, Siddhartha felt while he had learned many great lessons from his dad and community, there was more out in the world that he could only learn from experience. He told his dad that he would be leaving and setting o…

Back it up! - Bro

Backing up your digital life is very important. Nobody wants to lose their video of baby’s first steps. That being said there is no reason why you need to pay an arm and a leg to make sure you pictures are safe.

The general rule of thumb for backing up very important digital items is 3 different backups, 2 different types of backup, and at least 1 offsite backup (and no your phone does not count as a form of backup because phones are lost and break all the time). For example I backup my pictures on a hard drive at work, a hard drive at home, and in Google Photos. This is in essence 3 different backups, 2 offsite backups (including one extra), and 2 different types (hard drive and website).
One important question is how much space do I need? A standard smartphone has between 8 and 128GB. If you take a lot of high quality video it is quite possible to collect 1000GB (AKA 1TB). If you mostly take pictures and a short video here and there then you will likely have less than 100GB. For refer…

Optimism: Response to Bro - Sis

To start my response to Bro’s post last week, I simply typed, Optimism into my google search bar. The following definition came up:

“Optimism: hopefulness and confidence about the future or the successful outcome of something”

I like to think I am an optimistic person. I try to look for the good in situations and stay positive. I mean sure, I have the classic case of mid-life anxiety and an panic attack or two but in general I try to live my life in a optimistic way. This also is true when it comes to my parenting and financial decisions.

My response to Bro’s situation is one of optimism. Let’s look at his situation of traveling for work. He must be away from his family and it can be hard on his wife. Those are the simple facts, but if you blow up the bigger picture I think there is more to the story. He is teaching his kids that you have to work hard and commit to your job. He is the perfect example for them. They will grow up knowing that they had a dad who worked hard for his fami…

Optimism - Bro

I was reading a blog post and optimism was mentioned. Optimism is the whole glass half full point of view. The question I asked myself was if being optimistic can lead a better attitude, relationships, and more importantly better outcomes (I still don't know the answer).
I would like to think by default I am neutral as to my outlook but in reality I have a propensity to be negative. For me the glass is half full but there is a better than even chance I will get thirsty and a half a glass won't be enough to quench my thirst. A specific example of this is travel for work. I personally enjoy travel for work but I miss my family and it is very hard on my wife and kids. This summer it is possible that I will be quite busy with travel and it got me a bit down. I was not looking forward to the travel or new challenges but instead I was worrying about how my wife would do and if I was hurting my children.
An optimist would be excited for the travel, challenge, and possible financial r…

Financial Independence Goes Hockey - Sis

I have always loved sports. Let me correct that statement a little, I have always loved to WATCH sports. The fact is, I am short, slow and a little chunky. I tried to play sports growing up and in highschool but the facts were, my body is just not one of an athlete. My favorite sport is hockey. I love everything about the game. I love to follow my team, watch their games, and the wear their logo. Naturally I was watching a game the other day and I was getting really frustrated at my team. I mean it was playoff hockey and we were on the powerplay. They had absolutely no offensive. Shoot the puck, that is how you score and win games. During the next commercial break I pulled out my phone and was reading facebook posts on a financial independence group. I thought, these people are really on the offensive side of their money. They are aggressively shooting pucks at their goals. Then it came to me, life is like a game of hockey.

The more shots on goal you take the better chance you have o…