The purpose of my blog posts is threefold. To hold myself accountable and help others achieve their own financial independence sooner; and to revolutionise our relationship with money, so we may experience a greater quality of life.
Both from personal and profession experience, I’ve learnt and seen on a daily basis, at its core, what we spend our money on, is a direct reflection of what we value most.
For example when my self-esteem is high I start booking “experience” holidays, because new experiences and holidays are important to me.
When my self-esteem is low my natural inclination is to buy and eat junk food. Why? Because important to me at that time are my feelings of comfort, rebellion and unworthiness.
However it’s also important to understand the connection between our money and our job.
Your job probably means many diffident things to you; however the core purpose of our job is basically to earn enough money so we can do the things we most value and are important to us.
What’s important to you is like opening Pandora’s Box, however in short the academic community has concluded that happiness is attainable though a continuous combination of friendships, freedom, health, financial security, privacy, a life philosophy and a purpose.
“Your Money or Your Life” is a book written by Vicki Robin, Joe Dominguez & Monique Tilford. It has many fantastic insights and prespectives about financial independence being within most peoples reach if they choose and ask the reader many questions; however one particuar question is of profound importance “How much are you trading your life energy for?
Let’s use the following as an example of what a job costs us (based on a $25 hourly income)?
Preparation for work
Unwinding (stressed out)
In this example not only is this cost of the persons job 66.5hrs a week of their non-renewable resource A.K.A. time, they are also spending more than they earn. Sound familiar?
So while everyone is different, my point is there are a multitude of indirect costs and ways we may or may not be consciously factoring into the cost we pay for our jobs. These costs are in addition to the impact our jobs may be having on our health, relationships, and happiness.
The important take out from this exercise is to ask ourselves “Is there a better way? And if so what are the activities we can do right now that will start to improve our life in a positive way?”
For myself this required what others may call a radical shift . I expanded my business and relocated from Sydney to Cairns the doorstep of the Great Barrier Reef and Daintree Rainforest. Doing so has saved me $50,000 less per year in my "job", as a result my income increased and I have more time to exercise, entertain, grow and help others. The very things that are important to me and my happiness.
If you are stuck in a funk or you’re lost in a cloud of complexity feel free to contact me. Most often in life we just need someone to talk things through and to lighten our load a little. The following articles may also be of help.
7 ways to be instantly free and start living your dreams (ideal life) now!
Be Debt Free ASAP
From Little Things Big Things Grow
If Not Now? Then When?
Free at Last!
About Peter Horsfield
Peter Horsfield in an Authorised Representative and Investsure Holdings Pty Ltd ABN 16 050 286 630 as trustee for Horsfield Family Trust ABN 55 609 068 513 is a Corporate Authorised Representative of Infocus Securities Australia Pty Ltd ABN 47 097 797 049 AFSL and Australian Credit Licence No. 236523.