Accountancy is a useful qualification no matter whether you are at the start of your career, you are looking to gain some more perspective on your business, or you are looking for a complete change. There are all sorts of direct advantages involved in pursuing this particular path. The following blog post will look closer at what a job in accountancy can bring to you now and in the future. 

A new perspective on finances 

While you may already think that you know a great deal about the ways in which the world works from a monetary perspective, when you go down the path of doing any type of professional accountancy qualifications, you are more than likely to find that it is entirely different to what you had imagined. So, the first reason for studying accountancy is that it can give you a different perspective on finances than you had already. 

Whether or not you decide that you are going to stay in accountancy for your whole career or you are going to use this as a springboard to start a business of your own, there is no doubt that this can be highly beneficial in so many ways. 

A stable career path 

One of the most stable career paths that you can go down is certainly accountancy, and it can bring about so many different niches that you go down. You can learn more about studying an APA program, for example. The world needs accountants, and they are important in businesses, both large and small. Also, there is the potential for this to be quite a lucrative path to go down, too. At the same time, if you want to take more risks and start a practice of your own, this is always an option with an accountancy qualification. Essentially, it can help to open up many doors that may well have been closed beforehand. 

Plenty of challenges 

Accountancy qualifications don’t tend to be an easy ride, but if you are the type of person who is looking to challenge yourself, there is no doubt that this path can end up being ideal. You are going to have to work hard to get on the course in the first place, and then you are going to have to put in the hours afterward as well. There are some people out there who thrive on these challenges and want to have the option of bettering themselves and moving on to bigger and better things. 

Higher potential earnings 

While this is a point that has already been touched on, it is worth going back over it again. Accountancy is a career path that tends to be able to command higher salaries. As a direct result of this, it is much more likely that you have the option of continuing to climb the ladder and reach even greater heights than you could have done before. Ultimately, this may not be your only reason for wanting to pursue a path such as this one, but there is no doubt that it is an appealing factor that is more than worth bearing in mind. 

International appeal

If you have ever had any dreams of living and working abroad, there is no doubt that accountancy can act as your ticket out there. After all, the whole world needs accountants, and there are opportunities available in all sorts of different industries as well. Plus, with greater and greater opportunities to work on a remote basis, you could also potentially look to get on board with the digital nomad lifestyle and travel around from place to place for a while before settling down at the end of it if you would like to. 

Accountancy has all sorts of different direct advantages, and these are just a few of them to bear in mind. First of all, there is the entirely different perspective on your personal financial situation that can be gained from going down this path. Not only this, it is a stable career path, which is often quite hard to find in a world that is moving at such a rapid rate. 

Beyond this, there are bound to be plenty of challenges ahead of you, and you can make them even greater if you decide to go down the path of starting a business of your own. Plus, there are the higher potential earnings that you can look to bring home. On top of this, if you would like to work abroad, this is the type of career path that can easily lend itself to this. 

Embracing parenthood typically evokes a medley of emotions, predominantly joy, and anticipation, albeit with a smidgen of anxiety, especially as you contemplate the financial implications of raising a child. It’s essential to recognize that your financial landscape will invariably shift and evolve over the years as you navigate the journey of parenthood. Indeed, it’s a testing journey, but remember to maintain your composure.

 

The road to financial management as a parent heavily relies on a balance of preparedness and flexibility. While you may not be able to do your annual “no-spend month” for a few years, there are a plethora of other budgeting tips and strategies that you can employ as new parents. Here are a few essential pointers to help you manage your finances effectively.

 

1. Start with the Basics: Create a Budget

The first step towards being financially responsible as new parents is creating a budget. A budget will serve as your financial roadmap, helping you prioritize expenses, identify areas of potential savings, and ultimately keep you on track financially. Start by listing all your sources of income and expenses, including rent/mortgage, utilities, food, transportation costs, health insurance premiums, savings contributions (e.g., retirement fund), loan payments, entertainment expenses, and of course, those eco-friendly diapers and any other miscellaneous expenditures.

 

2. Consider One-Time Costs

The arrival of a newborn usually comes with one-time expenses, such as hospital bills, medical equipment (e.g., breast pump), and furniture (e.g., that Cleopatra convertible crib). These costs can quickly add up and affect your overall financial plan. Therefore, it’s essential to anticipate these expenses and include them in your budget.

 

3. Reevaluate Your Insurance Coverage

As a new parent, you’ll likely be bombarded with advice on getting life insurance, and for good reason. A comprehensive life insurance policy will provide peace of mind knowing that your child’s future is secured financially. In addition to life insurance, it’s vital to reevaluate your health insurance coverage as well since your needs may change now that you have a little one and you want to live your best life for as long as possible.

 

4. Prioritize Savings

Ideally, as new parents, you should strive to save at least 10% of your income each month. Whether the savings are directed towards an emergency fund, retirement account, or tucked away in a personalized piggy bank as a college savings plan for your child, it’s crucial to have a consistent saving habit. Setting up automatic transfers from your checking account to a designated savings account can help ensure that you don’t miss any contributions.

5. Adjust to a Reduced Income

Experiencing a shift in income is commonplace after welcoming a new baby. Often, one parent may opt for unpaid maternity or paternity leave, or even decide to pause their career entirely. To prepare for this, practice leading a more frugal lifestyle in the months preceding your baby’s arrival. Try to live off the income of the parent who will continue working post-baby to get a feel for a tighter budget. This approach can also help you add to your savings, which can be used towards child care and other impending costs. Embrace cost-saving measures such as cooking at home more frequently, which can significantly reduce your monthly expenses. This transition can help you adapt to your new financial reality more smoothly.

 

The key is to be mindful of your spending, prioritize savings, and adequately prepare for potential one-time costs. By creating a budget, reevaluating insurance coverage, and adjusting to a reduced income, you can set yourself up for financial success as you embark on this exciting new journey of parenthood.

In the ever-evolving business landscape, the role of online reviews has become increasingly vital. According to market research, nearly 90% of consumers read online reviews before buying. This change has made businesses need to engage with the review ecosystem actively. 

 

Unfavorable reviews, if left unattended, could prove catastrophic for the brand image, customer retention, and revenue. It’s not an exaggeration to say that each review has the power to either bring in new customers or divert them to competitors. Therefore, understanding how to handle negative reviews skillfully can make or break a business in this digital age.

The Psychological Impact of Negative Reviews

Negative reviews are more than just a black mark against your business; they significantly influence consumer psychology. Scientific research reveals that a single negative review can deter up to 22% of potential customers from transacting with you. This psychological deterrent arises from a phenomenon known as ‘social proof,’ where people consider the opinions and actions of others as a guiding benchmark.

 

When a business accrues negative reviews, it doesn’t only affect immediate sales. It creates a long-lasting perception that the company lacks reliability, which can severely damage future customer interactions and revenue streams. Averting this damaging perception requires more than just addressing the surface issues; it necessitates a deep dive into root causes and proactive strategies for amelioration.

Steps to Address Negative Reviews

Immediate Response is Key

Speed is of the essence when responding to negative reviews. A slow response can amplify a customer’s dissatisfaction, giving you the impression of negligence or indifference. Therefore, aim to address any negative feedback as quickly as possible without sacrificing the quality of your reply. Ensure your response is well-reasoned and exudes professionalism to address the reviewer’s concerns and present a positive image to future readers of the review.

Be Empathetic, Not Defensive

Your initial emotional response to a negative review might be defensiveness, especially if you feel the complaint is unjustified. However, responding defensively could alienate the reviewer and other potential customers who read the exchange. Instead, opt for an empathetic tone, acknowledging the problem and offering a sincere apology. Demonstrating understanding and a commitment to resolving the issue can turn a negative situation into an opportunity for favorable publicity.

Taking the Conversation Offline

While public acknowledgment of the issue is crucial, taking the detailed conversation offline is often advisable. Contact the customer privately through email or phone to discuss specifics and offer solutions. It prevents unnecessary public escalation and provides a more personalized experience for the customer. The gesture often shows the customer that you take their complaint seriously and are committed to resolving it to their satisfaction.

Learn and Adapt

Negative reviews shouldn’t just be treated as isolated incidents; they should prompt a thorough examination of your business practices. Look for recurring themes or frequent issues mentioned in multiple reviews. 

These patterns can guide product, service, or customer experience improvements. Operational changes catalyzed by customer feedback not only resolve the specific issues mentioned but also enhance your overall brand image, encouraging future positive reviews.

Tools for Managing Online Reviews

The first line of defense in handling reviews, whether they’re negative or positive, is knowing they exist. Utilizing review management software, where honest reviews are posted, allows you to keep a finger on the pulse of your business’s online reputation.

 

These advanced tools offer real-time alerts, sentiment analysis, and automated response suggestions. By actively monitoring platforms, including honest reviews on RealReviews.io, you are better equipped to manage your online reputation effectively. This proactive approach enables you to respond promptly, addressing concerns and acknowledging positive feedback.

How to Encourage Positive Reviews

Besides tackling negative reviews, businesses should also focus on acquiring more positive ones. Satisfied customers are usually willing to provide good reviews but often require a prompt. Automate the process by using post-purchase emails or app notifications to request reviews. 

 

Consider giving small incentives like discounts or free merchandise for their effort. Additionally, showcase positive reviews on your website, in newsletters, or through social media to further build your brand’s credibility.

Legal Resources

In the unfortunate event that a negative review is not just exaggerated but ultimately false and possibly damaging to your brand, legal action can be considered. Ensure you have concrete evidence to prove your claim and consult legal professionals to navigate this complex area.

Conclusion: Turning Negatives into Positives

Handling negative reviews is more than a reactive process; it is an integral part of a brand’s ongoing strategy for growth and improvement. Managing these challenging moments can significantly affect your reputation and customer loyalty. By reacting promptly, displaying empathy, taking detailed conversations offline, and using the feedback to adapt and improve, you transform these seemingly negative experiences into valuable assets for business improvement.

 

Remember, negative reviews aren’t merely obstacles; they’re opportunities for public demonstrations of your commitment to customer service. Properly managed, they can be leveraged to reveal your business’s strengths, ultimately leading to a more robust brand and a more loyal customer base.

Cryptocurrencies have revolutionized the financial landscape, offering investors many options beyond traditional assets like stocks and bonds. Among many blockchain projects, STORJ has emerged as an intriguing option. We will comprehensively analyze STORJ as an investment opportunity and help you answer the question: Is it worth investing in, and why?

We will delve into the fundamentals of STORJ, assess its investment potential, and explore its tokenomics. That will make it much easier for you to make a decision. By the end of this article, you will clearly understand STORJ’s place in the crypto ecosystem and the factors you should consider when investing in this innovative project.

Understanding STORJ

Before buying coins, you must know what makes them unique in decentralized cloud storage. It is important to delve into the essence of STORJ and discover what this blockchain-based platform is. We’ll explore its innovative approach to storage solutions, the mechanics behind its operation, and its noteworthy standing within the competitive landscape of decentralized cloud storage. After that, you can go deeper into the topic of storj coin price prediction.

What is STORJ?

It is short for Storj Labs Inc., is a blockchain-based, decentralized cloud storage platform designed to disrupt the traditional cloud storage industry. It operates on the principles of decentralization, security, and cost-effectiveness. It utilizes blockchain technology and a global network of nodes to create a secure and efficient storage ecosystem.

How STORJ works

STORJ enables users to rent out their excess storage space and bandwidth to the network. This unused storage space is aggregated into a decentralized cloud storage platform, where data is encrypted and distributed across multiple nodes for redundancy and security. Users can access this storage space through a simple and user-friendly interface, making it an attractive alternative to centralized cloud providers.

Market position

In the highly competitive world of decentralized cloud storage, STORJ stands out for its commitment to security and privacy. Its decentralized model reduces the risk of data breaches and censorship. STORJ competes with other projects like Sia and Filecoin, but its unique approach and growing community position it as a significant player. Market capitalization and adoption have steadily grown, making it an intriguing investment option.

Investment Fundamentals

It is necessary to understand what benefits investors receive and what risks they can expect. We will explore the core investment principles crucial for evaluating STORJ as a potential investment. We will also assess the delicate balance between risk and reward, delve into the market’s characteristic volatility, and explore the cryptocurrency’s potential for substantial growth.

Risk vs. Reward

Investing in STORJ, like any other cryptocurrency, involves a delicate balance between risk and reward. The potential for substantial returns is enticing, but it’s important to recognize that it comes with its share of risks. STORJ, being a relatively newer entrant in the market, lacks the track record of more established cryptocurrencies, making it riskier. Understanding your risk tolerance and the potential rewards is essential before diving into STORJ or any other cryptocurrency investment.

Market volatility

Cryptocurrency markets are renowned for their volatility, and STORJ is no exception. Price fluctuations can be significant and rapid, driven by regulatory changes, market sentiment, and technological developments. While volatility can present trading opportunities, it also poses substantial risks. It’s crucial for investors to be prepared for price swings and to have a well-thought-out strategy in place to mitigate potential losses.

Potential for growth

STORJ’s investment allure is anchored in its compelling potential for growth. As privacy concerns and data security continue to escalate, the demand for robust, trustless storage options surges. STORJ’s innovative approach, utilizing blockchain technology and decentralized nodes, positions it at the forefront of meeting these demands.

Moreover, the project has demonstrated consistent development milestones, forging strategic partnerships and expanding its ecosystem. These factors and its unique value proposition contribute to its potential to generate a larger market share and realize sustained growth. However, potential investors should watch the competitive landscape and technological advancements within the blockchain space, as they can significantly influence STORJ’s trajectory.

Analysis of STORJ as an Investment

Before investing, market analysis allows you to build the right strategy. We will conduct a rigorous analysis of STORJ’s investment potential, considering key factors such as market trends, recent performance, and its position in the decentralized storage industry. That will help you get a comprehensive evaluation to assist potential investors in making the right decisions regarding STORJ.

Market trends

One notable trend is the escalating concern for data privacy and security. The blockchain space has seen a surge in the development of decentralized applications (DApps) with the reliable storage solutions required. STORJ’s unique infrastructure positions it as an enabler for these DApps, potentially driving increased demand. Although market trends favor STORJ, investors should remain vigilant and adapt to changing conditions to maximize their investment potential.

Recent performance

Over the past year, STORJ has exhibited intriguing developments, offering valuable insights for potential investors. The trading volume of STORJ tokens has grown substantially, indicating increased market participation and liquidity. That can be attributed to growing interest from both retail and institutional investors, bolstering the cryptocurrency’s overall market presence.

Consistent updates, partnerships, and ecosystem expansion have also characterized STORJ’s project development. These milestones reflect a proactive and dedicated team, often a positive indicator of a project’s long-term viability. However, monitoring ongoing developments and market trends to adapt to changing circumstances is also important.

Conclusion

STORJ emerges as a compelling investment in the dynamic world of cryptocurrencies. Its focus on secure, decentralized storage aligns with the growing demand for data privacy. Recent performance reflects investor confidence, with upward price trends and increased liquidity. Comparisons within the industry underscore STORJ’s technological innovation and community support. However, the cryptocurrency market’s inherent volatility and regulatory uncertainties demand vigilance from investors. STORJ offers potential rewards, making it an attractive option for those seeking exposure to the decentralized storage sector within a diversified portfolio.

Paying down debt can be incredibly freeing and exciting. When you are in debt, you are tied to the banks and it’s restricting mentally and in your lifestyle. Get out of debt this year through the simple steps presented in this article. 

What would life be like if you didn’t have debt? How would you spend your time? What would the freedom feel like?

Being in debt restricts your ability to live freely.

Being debt free allows you to do what you want – without being tied to the expectations of a bank or another individual.

This year, there is a lot of uncertainty, and becoming debt free is a great goal to make sure you can live the way you want.

Debt is horrible: it is mentally draining, financially draining, and affects your entire life if you are weighed down by the large barbell of debt.

I want you to experience amazing freedom. Make getting out of debt a goal, and I’m certain you will feel like a weight has been lifted off of your shoulders once you reach that goal.

Think about it: with no debt, you wouldn’t be a slave to the bank, or to anyone. You’d have more money at the end of the month, and with more money, you’d have more options.

Many people ask, “How can I become debt free? What are the steps to becoming debt free?”

Getting out of debt can be a grind and can take a while, but with the right plan, anyone can do it.

In this post, I’m going to give you 9 simple steps for you to follow to start paying down debt this year. With these steps, you’ll be able to gain the knowledge and confidence to be able to get going on your debt pay down.

9 Simple Steps to Pay Down Debt Fast This Year

To do anything in life, it’s important to define exactly what we need to do and then make a plan. For you, I’ve listed 9 steps which can help you easily create a plan to start paying down your debt fast this year.

You can keep scrolling or click on the following links to go to the section you want.

1. Take Responsibility for Your Debt and Personal Finance Situation
2. Stop Going Into More Debt
3. Gather All Information about Your Debts
4. Learn about Debt Pay Down Methods
5. Determine Extra Money You Can Put Towards Your Debt
6. Set-Up Auto Pay
7. Believe in Yourself
8. Stay Consistent with Your Budgeting Efforts
9. Find Ways to Improve in Your Personal Finances

Below, I’ll go into detail to give you more details on these steps.

1. Take Responsibility for Your Debt and Personal Finance Situation

The first step in making this year the best it can be is deciding to take full responsibility of your life.

You are the only person that can positively affect what happens in your life.

If you want more, you need to go and get it – no one else is going to give it to you.

Taking responsibility of your life means making a plan for yourself and working towards it each and every day.

You can’t just sit on the couch waiting for the world to change – you need to get out there and do what’s best for you and your goals.

While you might believe some people are just more lucky than others, you can begin to create your own luck through your work and habits.

2. Stop Going into More Debt

This should go without saying, but I’ll say it anyway: if you’re trying to kill your debt, STOP GOING INTO MORE DEBT!

For example, if you’ve built up significant credit card debt, you likely have a habit of using credit cards all the time.

That statement isn’t meant to be an insult, rather to call out an extremely common issue that many credit card users and people in debt struggle with.

You can think of it like this, you have a bucket full of water that you are trying to empty. When you make a debt payment, you are able to dump some of the water out, but when you get into debt more, the level of water goes up.

If you are trying to empty the bucket, you need to stop allowing it to be filled with water!

The same applies to your debts – you need to stop going into more debt if you want to get out of debt.

3. Gather All Information About Your Debts

Next, you need to start gathering information about your debts. The information you need to know is:

• the total remaining balance
• the minimum payment
• your interest rate

With this information, you can then start to make a game plan to start paying down your debts strategically.

Before making this plan though, you should first figure out which debts you want to pay off, and which ones are ok.

Is Your Debt Good or Bad?

In general, I believe debt is bad – and many other personal finance bloggers and experts believe debt is bad as well.

That being said, I do think there are cases in which debt can be a good thing. (Remember, personal finance is personal – some people hate debt and believe all debts are bad.)

There are two conditions to meet for my classification of “good debt”:

• First, look at the underlying asset you have which is tied to your debt. For example, if you have a mortgage, the underlying asset is the house you live in.
  • If this underlying asset has the potential to appreciate, or increase in value, in the future, then it’s acceptable, “good debt.”
  • Some assets I’m referring to in this case would be a house (houses have potential to appreciate over time, and provide you shelter), education (you have to be careful here, but more education can result in higher pay), or a business (a start-up loan).
• Second, look at the interest rate.
  • There is an opportunity cost calculation to do.
  • Follow the financial theory: if your after-tax return on investments is greater than your after-tax cost of debt, then it’s acceptable to keep your debt.

Everything else is bad debt.

Credit card payments with an interest rate of 20%? Bad debt.

A home loan at 4%? Potentially good debt.

A student loan at 8%? I’m going to go with bad debt. There is, of course, the option to refinance student loans to get a more favorable interest rate.

A car loan at 2%? This one is tricky – cars are depreciating assets, but the interest rate is so low it’s probably fine.

Again, personal finance is personal and depends on your goals. If wealth is your goal, it’s okay to carry some debt. If freedom is your goal, crushing your debt should be your #1 priority.

Next, now that you have an understanding of your debts and understand which ones you want to pay off, now you can get onto learning about debt repayment methods and start to plan your debt pay down.

4. Learn About Debt Pay Down Methods

There are two main strategies to become debt free fast:

• Debt Avalanche Method,
• and Debt Snowball Method.

These methods are pretty straightforward. After compiling your list of debts, you will then pay a little extra towards a certain debt as determined by whichever method you pick.

By paying a little extra each month, you will be able to take advantage of some huge interest savings (as we will see a little bit later in this post).

The Debt Avalanche Method

Using the Debt Avalanche Method, you pay off your debts by paying extra toward your debt with the highest interest rate first. .

Once you have paid off the highest interest rate debt, you put the entire paid off debt’s payment plus the same extra amount towards the next highest until all debt is paid off.

For example, let’s say you have two debts:

• Debt #1 with a 20% interest rate, a minimum payment of $200, and balance of $2,000
• Debt #2 with a 10% interest rate, a minimum payment of $150, and balance of $1,000.

Also, you decide you can put an extra $50 towards your debt a month.

Using the Debt Avalanche Method, you would put $250 towards the first debt and $150 to the second debt.

Over time, the first debt will be paid off faster than it would if you just paid the minimum payment. If the first debt is paid off before the second, then you put all $250 towards the second debt, for a total of $400 a month, until the second debt is paid off.

The Debt Avalanche Method is the mathematically optimal debt pay down strategy.

The Debt Snowball Method

Using the Debt Snowball Method, you pay off your debts by paying extra toward your smallest balance debt first. Once you have paid off the smallest balance debt, you put that payment towards the next smallest until all debt is paid off.

Many people like the Debt Snowball Method because psychologically, you can generally see your debt accounts disappear faster. If you have a $1,000 loan and a $5,000 loan, it feels good to have the $1,000 loan gone.

Let’s go back to our example with two debts:

• Debt #1 with a 20% interest rate, a minimum payment of $200, and balance of $2,000
• Debt #2 with a 10% interest rate, a minimum payment of $150, and balance of $1,000.

Again, you decide you can put an extra $50 towards your debt a month.

Using the Debt Snowball Method, you would put $200 towards the first debt and $200 to the second debt, because the second debt is smaller in balance.

The Debt Snowball Method is not mathematically optimal, but is still better than applying no strategy at all.

5. Determine Extra Money You Can Put Towards Your Debt

Through learning and applying a debt paydown method, you can chop off many months and years of payments.

However, if you add extra money, instead of just paying the minimum on your debts, you can accelerate this process of debt repayment even more!

To do this, you need to look at your monthly income and spending. You don’t necessarily need to create a budget, but by understanding how much you spend each month will allow you to identify what needs to change for you to stop buying and save more money each month.

Your Savings by Paying Extra Each Month

I’ve created an example below where had my hypothetical person has 2 credit cards, a mortgage, an auto loan, and a student loan totaling $246,500.

• Credit card #1 has a balance $3,500 and an interest rate of 23.49%
• Credit card #2 has a balance $10,000 and an interest rate of 20.19%
• The mortgage has a balance $200,000 and an interest rate of 4.00%
• The auto loan has a balance $8,000 and an interest rate of 5.00%
• The student loan has a balance $25,000 and an interest rate of 7.00%

By paying an extra $25 a month and applying a debt pay down method, in this example, there is potential savings of at least $49,915!

How is this savings achieved?

Looking at the left hand side of the figure below, you can see in the Avalanche method, we are paying off the highest interest rate debts first.

Looking at the right hand side of the figure below, you can see in the Snowball method, we are paying off the smallest balance debts first.

By paying just a little bit more, debt can be eliminated quick, and our user became debt free with some solid cash savings.

I’ve also included some statistics if you increase your extra debt payments by $100. The difference is fairly substantial just by paying an extra $100 a month!

In our example, our hypothetical person started out with $246,500 in total debt. If no method was used, it would take 290 months (just over 24 years) and cost $371,109 to become debt free.

By paying $25 extra a month, the user is able to save nearly $50k, and chop off 140 months (nearly 12 years) off their payment plan! If the user could find an extra $100 in their budget, they could save an additional $12,000 and be debt free 158 months sooner!

With either choice of repayment method, you will save money, and be on your way to financial freedom!

6. Set-Up Auto Pay

Humans are imperfect; sometimes you’ll forget to pay their bills, or pay late, which causes a host of problems on your credit report.

The solution?

Automate your bills so you never suffer a late or missed payment. These result in late payment fees that go up the more delinquent the payment becomes, and often result in absolutely crushing penalty APR increases.

For example, most consumer credit cards come with an average APR of 14-16%; miss as little as one payment and banks like Citi and Chase will slap you with a penalty APR of 29.99% that will haunt your account for months

Many banks who provide online banking services also include some integrated bill payment solution. With these payment solutions, you can easily schedule out automated payments for the future.

Since we already know how much each of our debt payments are, and when they’re due from gathering the information from before, setting up recurring payments is as easy as visiting a few websites and linking our banking information.

Once your debt payments are automated, another helpful step is to automate all of your other bills as well such as your utilities, phone bill, insurance, etc.

By automating your personal finances, you don’t have to worry about when things are due and you know they’re set up to fit within your budget. This frees up mental energy to devote toward other things like staying focused on your debt repayment, or increasing income to further beef up your payments.

7. Believe in Yourself

Going back to the first step, you are the only person who can affect change and for that reason, you need to believe in yourself.

Having confidence in yourself can be hard, but you can do it.

Belief in yourself is something you can work on over time, and you can improve your belief in yourself through positive thinking and affirmations if you struggle with it now.

The point is that you need to believe that you are enough and you can achieve anything in life.

No barrier is too much and anything is possible with time and effort.

In this case, you are enough to be able to pay off your debt and you will be on the way to creating the financial foundation you want and deserve.

8. Stay Consistent with Your Efforts

Unfortunately, getting out of debt is going to take time and effort. Each month, it’s going to feel like you have a lifetime to go, but it’s important to stay the course and be consistent over time.

If you are using one of the debt repayment methods, you will be able to experience some easy wins along the way as your smaller debts are paid off, and as time goes on, you will get closer and closer to the finish line.

Understand that over time, you can accomplish anything and for you, anything is possible. Being patient, staying consistent and trusting in the process will get you to where you want to be.

With your debt paydown, consistency will be key, and once you are done with your debt repayment, you’ll be so happy you put in the time and effort to get out of debt.

9. Find Ways to Improve Your Finances

After you have set your plan for debt repayment, automated your payments and started on your journey to debt freedom, there is more to learn.

In the future, you want to be able to get out of debt and then STAY out of debt.

Learning about personal finance is the next step after getting on the path to debt repayment. In addition, if you can make more changes to your monthly spending, or earn more money each month, you can speed up the time to getting to debt freedom.

How would that feel if you could become debt free a few months earlier? Would that be great?

The highest performers in the world are constantly trying to improve in what they do, and the more you work to improve your financial situation, the better the results will be.

If you are interested in learning more about how to improve your finances, check out the articles below:

• 15 Steps to Win With Money
• How to Create a Budget and Save Money in 2021
• Why Money Matters and How to Use Your Money as a Tool

Get Out of Debt This Year and Start Building Your Financial Foundation

I hope that this post has been informative and has given you what you need to start getting out of debt.

The journey to becoming debt-free might be a long one, but I know that you can do it.

Imagine what you’ll be able to experience without the cloud of debt over your head. The ability to do whatever you want without debt will be so amazing, and you’ll be so happy you did it.

Best of luck on your path to debt freedom and let me know if you have any questions.

Readers: are you interested in getting out of debt this year? What steps do you think will benefit you the most from this list?

This month, I’m doing 100 body weight squats a day. While this physical fitness challenge has been tough, there have been a lot of benefits which have come from it as well. In this post, I’m going to share with you how you can do 100 body weight squats a day for a month to become more fit and get in shape.

Are you looking for a body weight physical fitness challenge? Would you work out every day for a whole month?

This month, I’ve been doing 100 body weight squats a day.

Each day, no matter what, I’ve done a few sets of 100 body weight squats.

While there have been some days where I’ve been sore or tired, I still got my squats in.

Now, my lower body is feeling strong and I’ve also noticed that I’ve lost some body fat across the rest of my body.

In this post, I’m going to share with you how to do this body weight exercise challenge, talk about why squats are good for you, and give you motivation to crush this challenge!

How to Do 100 Body Weight Squats a Day for a Month

Doing 100 body weight squats every day for a month is a big task to take on.

When starting out, doing squats is tough and can be a struggle.

The first few days, you will be sore, but after about a week, the soreness goes away and you will see the progress and gains.

For your 100 daily bodyweight squats, you can do them anyway you want.

You can do wide stance squats, narrow stance squats, or vary the technique in any way you want. As long as you are getting down and have a good range of motion (getting your legs to 90 degrees is a great goal), you will be making the most of this workout.

Right now, I doing 5 sets of 20, or 4 sets of 25 (depending on the day). These 4 or 5 sets take me between 10-15 minutes to do, but if you can’t do as many squats in a row as me, then you can break it up into more sets with less reps.

Doing 10 sets of 10 is the same amount of reps as 2 sets of 50.

In addition, doing 10 sets of 10 could be spread out through the day to reduce the energy spent in any one session.

If you still think 100 in a day is too much, you could start off slower.

During the first week, you could do 30 squats a day. Then, in the second week you can do 60 squats a day.

Finally, during the third and fourth weeks of the month, you can get to 100 squats a day.

By the third week, your body will start to get used to the increased number of squats and will be able to handle this increased volume.

Why are Body Weight Squats Good for You?

There are many benefits of body weight squats. Squats are a compound movement which hit many of the major muscles groups: quads, hamstrings, glutes and core, and helps with balance.

While doing 100 bodyweight squats every day might not be the best thing to do for your goals and routine, bodyweight squats are a fantastic exercise.

Adding bodyweight squats to your routine will improve your physical fitness and will help tone the muscles of your lower body and mid-section. In addition, you don’t need for any other piece of workout equipment!

A few other benefits of bodyweight squats which I’ve noticed are:

• Improved flexibility in my legs and back
• Reduced knee aches and pains
• Improved posture
• Toned legs and butt

Whether you’re looking to lose some weight pounds, maintain mobility, or walk, jog or run faster, the bodyweight squat is for you!

Don’t You Need to Take Some Rest Days to Recover?

Make no mistake, doing bodyweight squats every day is tough.

One thing about the human body is that it is incredibly resilient and is able to adapt to tough situations.

From experience, the first few days of this body weight exercise challenge is tough.

You are sore, you struggle to walk, and you aren’t loving life.

But, after about a week, if you are sleeping enough, eating a healthy diet with a lot of protein, and not pushing too hard else where, you will start feeling more confident and better about your progress.

In general though, if you really need a break, then you should take a break. If you are on the verge of injury, then taking a day off instead of pushing through would be best.

However, I don’t think general soreness is necessarily an injury.

With bodyweight exercises, the amount of work and stress you are putting on your body is not an intense amount, so you can do it more often.

At the same time, as I mentioned, you need to listen to your body to make sure you are doing what’s right for your current level of health and physical fitness.

At the end of the day, incorporating body weight exercises and body weight squats can be very beneficial for you and support your current routine.

Would You Do 100 Body Weight Squats a Day?

Now that you have finished reading this post, I hope you are inspired and motivated to get out there and try this challenge.

While I don’t think I’d recommend it if you are doing heavy weighted barbell squats (there your body definitely does need to recover), I would recommend this if you want a change in your exercise schedule and routine.

Getting stronger legs and becoming fit is all about consistency. By doing a little bit each and every day, you can reach your goals of becoming fit, healthy and strong.

Readers: what exercise challenges do you like doing? Would you do 100 body weight squats every day for a month?

Your level of success is rarely exceeded by your level of personal development, because success is something you attract by the person you become. If you want success, you need to develop daily habits for success. In this article, you’ll learn 8 easy habits to do for success and personal development.

Have you asked yourself why there are some people who seem to have better lucky, or have certain characteristics that attract success when you struggle to see the same results?

Sometimes, we think that we can never become like those successful people, or know the secret to their success.

But, the true secret, which is 100% attainable for everyone, starts with realizing that success comes from simple daily habits.

The truth is that there is nothing that can stop us from becoming what we want to be – rich, successful, happy, etc. The difference between those who achieve their dreams and those who don’t is in their habits.

This is the grand secret of success – finding success come down to who is able to change their existing habits and re-align their actions to continue on the path to achieving their goals.

Deciding today is the day to dedicate time and effort to yourself and your dreams is a start, and then each day, doing a little will help you on your way to the ultimate goal of success and happy.

In this article, I’m going to share with you 8 simple daily habits for success and how you can start living an intentional life geared towards achieving your dreams.

Successful people are simply people with habits geared towards success.

8 Easy Daily Habits for Success in Life

There are 8 daily habits that I try and do each day to move a little bit closer to my goals. Below, I’ve listed those 8 and in the rest of the article, I’ll describe how you can do each of these habits on a daily basis.

1. Read More
2. Wake Up Early
3. Be Active and Exercise
4. Eat a Healthy Meal in the Morning
5. Activate Your Mind with Games and Learning
6. Establish Goals and Plan For Success
7. Practice Gratitude
8. Give Yourself Space with Silence

Let’s dive deeper now into each of these habits for success.

1. Read More to Find Success in Life

According to Forbes, 88% of millionaires read at least 30 minutes a day.

Reading is a form of mental exercise, and reading activates parts of your brain that you also use when you speak or learn. Reading can help us connect the dots between different subjects and thoughts.

Also, reading can help you keep your mind fresh, as studies have shown that adults that spend their time doing creative and intellectual activities (like reading) do not experience a substantial decline in cognitive ability as they age.

For you, you don’t need to read a book a week, or try and read 100s of pages each day.

Instead, you can start with 10-15 minutes a day of reading in whatever subject or genre you want, and after you have done this for a few days, you can see how you feel with your progress and see what makes sense for you going forward.

Also, if you are trying to learn something, reading can help with that as well! 15-30 minutes a day of a new subject will add up fast – you’ll be proficient soon!

For example, if you want to make more money at your day job, you can read about the skills necessary for increasing your value.

For me, I try and read at least 30 minutes a day. Usually, I will read blogs from my favorite writers, but also, I will read some pages from some books I have to continue to practice this skill.

2. Wake Up Early

You might roll your eyes at this recommendation, but I’m not going to say “Wake up at 5 AM” like so many other “personal development” bloggers would tell you.

Instead, what I mean when I say “wake up early” here is that going to bed and getting up at a reasonable hour will help you establish a routine for success.

For me, I try to go to bed around 10:30, and get up around 7. There are days that I wake up a little earlier, and there are days that I sleep in past 8.

The point is that if you wake up earlier, you can get more done in the day because in the early morning, there usually isn’t much to distract you.

If you want to achieve success, you need to set aside time to work on yourself and your goals.

By waking up earlier, you can spend an hour or two on your goals, and then after, you can spend quality time with your family, friends, or doing other hobbies.

For example, I used to live with some people who would wake up at 11 AM on the weekends. By the time 1 PM rolled around, they had just finished up eating and getting ready for the day – and the day was more than half over!

Usually, they would go out with friends during the afternoon and the night, and after getting home, would crash on the couch for an episode or two of Netflix before going to bed.

While this life might sound great to you, for someone who wants to achieve success in their life, there is a lot of wasted time in that schedule and many areas to improve.

So while you don’t need to get up at 5 AM every day (I never do), getting up at a reasonable hour can add many hours to your week.

3. Get Up and Be Active With Exercise

As humans, we each have a body which allows us to do amazing things.

We can walk, run, bike, swim, jump, play sports, climb, do yoga – the list is endless!

However, there are other benefits to exercising and being fit that do not stop with actually activity.

If we want to be successful, doing a little bit of exercise each day is essential.

Getting blood to your brain and different body parts will help you think more clearly, feel more energetic, and bring you a sense of accomplishment.

Being successful and being a well-rounded person involves exercising both your brain and your body.

While you don’t need to be some ultra-marathoner or body builder, exercise is important.

Even 15 minutes of walking a day is beneficial!

For you, if you haven’t been prioritizing exercise, start small – walking a mile, biking for 20 minutes, doing some weights, all of this will get you on the right track.

If you want to get more fit, I have done a few challenges over the years which may inspire you to get more in shape:

• Doing 100 Push-Ups Everyday for a Month
• Doing 100 Bodyweight Squats Every Day for a Month

4. Eat a Healthy Meal in the Morning

You have probably heard the marketing phrase “Breakfast is the most important meal of the day!”

While this phrase was created to sell sugary cereals (which probably aren’t the best for you), there is still some truth to this statement.

Getting a meal in the morning which is high in protein and contains fruits and vegetables will help you obtain the energy necessary to crush your responsibilities for that day.

I don’t usually eat traditional breakfast (since I intermittent fast), I do look at have a healthy meal in the later part of the morning to give myself the energy I need for the rest of my day.

I love eating bananas, yogurt, granola, and eggs as a way to give myself the vitamins and nutrients I need to be successful.

5. Activate Your Mind with Games and Learning

Turn off social media for a little bit and activate your mind for a little while. As we age, it’s important to keep our minds fresh and active.

Having a powerful brain is something we all have, but our brain is also a muscle which needs stimulation and exercise.

Activating and exercising our mind is important to do on a daily basis (just like exercising our bodies), and by doing so, over time, you will keep your brain sharp and able to problem solve in difficult situations.

Things you could do are do crossword puzzles, do a sudoku, read a book, learn a second language, do a puzzle, bake, play board games with family, do crafts (sewing, painting, writing, etc.) – there’s really so much you could do to activate your mind.

For me, I’m looking to become fluent in Spanish, and so each day, I look to spend at least 30 minutes doing flash cards, reading articles, or watching videos in Spanish.

Other things I do are play strategy games on my phone (yes, that’s not the best use of my time, but it’s still fun and takes some thinking), and listen to self improvement podcasts.

6. Establish Goals and a Plan for Your Life

Setting goals and having a game plan for your life is essential if you want to be successful. If you don’t know where your destination is, how will you reach it?

Establishing goals is very important in both the long-term, but also the short-term. This article is about daily habits, and one of the best daily habits to have is having a daily list of things to get done.

You can make this list in the morning, or the night before, and this list should be a reflection of what you want to accomplish during the day.

With your daily to-do list, with each item that you check off, you get the satisfaction of completing something and can then feel good about moving on to the next task.

This list should also be aligned with your medium and longer term goals. Living an intentional life geared towards success is all about doing little things every day which add up to achieving your ultimate dream.

7. Practice Gratitude

Living in the present and being aware of where we are in life are two pillars of working towards and living a life of success.

Practicing gratitude can bring you back to the present and help you center yourself on what you have in life.

I find that when I’m struggling with not reaching my goals, I try to look at the positives and look at what I have achieved in my life.

For example, if I’m not happy with how my body looks, I’ll instead say, I’m thankful for the fact that I’m not sick, and I’m thankful for the fact that I can do exercise.

Likewise, being thankful for family, friends, your job, and other things is also very important to recognize. Not everyone might be in the same situation as you, so it’s important to recognize this.

By practicing gratitude, you will spend more time in a state of happiness since you are thinking of the positives in your life.

8. Have Moments of Peace and Calmness in Silence

Giving yourself space and time to think and heal is a great habit to practice each day. While you don’t need to become a master yogi or master mediation, giving yourself 5 minutes of peace and silence during your day can be very helpful.

When I drive, sometimes I don’t turn on the radio. I like to just let my mind wander and think about what’s going on in my life.

It’s calming to be able to relax and think just for those minutes on the highway, instead of blasting some music or listening to a podcast.

Occasionally, I do listen to podcasts when I drive, but there are times when silence is good.

By practicing giving yourself time and space for a few minutes a day, you also practice mindfulness and living in the present.

Living in the present is so key for success, and by increasing your ability to live in the present, you will see increased focus when you do other tasks requiring your full effort and attention.

Which of These Daily Habits Will You Start Today?

I hope that you’ve enjoyed this article and it has given you food for thought on how you can start to plan your days to get on the path to success.

While you don’t need to do all of these starting today, which one of these daily habits will you look to start soon? Are there are I’ve missed?

“Early to bed, early to rise, makes a man healthy, wealthy, and wise.” – Benjamin Franklin

Ever heard the phrase “life is like a box o’ chocolates”? How about “Luke, I am your father”? Or most importantly “At least he has his health.”?

Health is one of the most important aspects of our every day life.

We need to ask ourselves each morning: are we energized, ready to jump out of bed and seize the day? Or are we just waking up and just looking for the coffee?

It is safe to say, we all would prefer the former… but what’s the recipe for this Carpe Diem attitude?

Doing what matters to you in life comes down to your mindset; mindset is everything.

For me, I wanted to become physically fit and strong. I recently completed the Mindpump MAPS program and want to share with you my thoughts in this post.

“Your level of success will rarely surpass your level of personal development, because success is what you attract by the person you become.”

Mind Pump MAPS Helped Me Become as Strong as Ever

Over the last 3 months, I went through the Mind Pump MAPS program. The two specific programs I tried were the MAPS Anabolic program, and the MAPS Prime program.

I was a little skeptical at first, but after getting into the early AM workouts, I was crushing personal records week after week.

Priming Your Work Out with MAPS Prime

Warm-ups and cool downs have always been part of an athlete’s main stay.  What do you do to get ready for a big game? Do you have pasta parties the night before a big competition (carb loading)?

Do you visual yourself crushing the competition, visualizing each detail as it happens real-time, and executing the strategy you have been practicing for months?

Many athletes have pre-game rituals: did you know Michael Jordan wore his UNC shorts under all his professional shorts while he was winning his 6 championships for the Bulls?

One of my favorite pre-game rituals is “The Haka” performed by the All Blacks New Zealand Rugby team… talk about intimidating before the match!!!

We all have our own rituals, superstitions, and pump up songs! I personally love “Nothing is Stopping you” by Big Sean and Survivor’s “Eye of the Tiger” while getting ready for my workouts.

Are you preparing for a work presentation, wedding speech, first date?  There are plenty of reasons to get yourself in the zone. Am not going to get into mentally psyching yourself up here, but keeping your body physically prepared is key as well.

MAPS Prime

Mind Pump has recently introduced a program on “priming” your body before workouts.

Your body is supposed to move a certain way and there is a reason why form is everything when lifting, shooting a basketball. It’s just like in life, being balanced is extremely important!

MAPS Prime is specifically designed to encourage superior muscle recruitment, proper joint mobility, and priming the central nervous system to maximize the muscle building signals sent throughout your body.

The key to MAPS Prime is in it’s ability to re-align your body.  This means getting rid of muscle imbalances.

The exercises in MAPS prime specifically work to help correct these weaknesses through a combination of lifting, yoga, and physical therapy.

MAPS Prime has had a profound effect on my physical ability and I highly recommend trying MAPS prime out.

The MAPS Prime Workouts

There are three main tests to judge your muscle imbalances and functionality. They help you customize what is right for your priming.

1. Zone 1 – The “Wall Test” consists of the entire upper body starting at the thoracic spine.
2. Zone 2 – The “Windmill Test” identifies spinal and core rotational mobility and over trunk connectivity.
3. Zone 3 – The “Squat Test” consists of the low back, hips, and the rest of your lower body.

After these tests you are given a wide range of movements to help target your  weakness areas before and after your workouts.

Growing with MAPS Anabolic

After going through the MAPS Prime workouts, I continued my workouts with the MAPS RBC bundle. Next up was the MAPS Anabolic workouts.

On workout days, I woke up at 5:10 AM and am one of only people at the gym.

Going EARLY is amazing if you want full use of the squat racks, cages, bench presses, free weights, and most of the other exercise equipment!

After running 1 mile to the gym, each workout was a sequence and combination of the following. All workout days hit every body part, and I felt massive from the pump I was experiencing!

1. Barbell Squats
2. Barbell Deadlifts
3. Walking Lungs 
4. Bench Press
5. Dumbbell Rows
6. Rear Laterals 
7. Shoulder Shrugs
8. Shoulder Press 
9. Barbell Curls
10. Triceps Press-down
11. Planks 
12. Random Yoga
13. Jump Squats 

After running home, I’ll be home at 6:35 AM and make a shake, some bacon and have some fruit.

I LOVE THIS WORKOUT and it is a GREAT start to the DAY!

I believe routine is everything: prefect preparation prevents poor performance.

Give Mind Pump a Try, It worked for me

I want to shout out to Adam, Justin, and Sal over at Mind Pump. They have put together a great program and I’m excited each and every time I go to the gym.

If you listen to podcasts, I recommend listening to the Mind Pump Podcast! The Mind Pump guys have a blend of talents, passions, and experiences in personal training, bodybuilding, and personal transformation, which are interesting to me and other people looking to grow physically.

I listen to it most days; they talk about various myths of the workout industry. Also, they discuss different mental and physical exercises for becoming a complete person.

I definitely recommend the Mind Pump MAPS program. After increasing my squats by over 100 pounds (admittedly, I started low) and other lifting by nearly double, I’m excited to see how the next 3 months go!

Napoleon Hill, author of Think and Grow Rich and other classics, said, “No mind is complete by itself. It needs contact and association with other minds to grow and expand.” Putting multiple minds together, you can create a mastermind group and create something which is more powerful than the sum of those individual minds.

While it is true that many business owners and entrepreneurs use “mastermind” groups to connect with like-minded individuals, share tips and tricks, and grow together, I believe true life mastery comes from WITHIN. Every person has a potential which can be tapped, unlocked and used to obtain results beyond our wildest dreams.

Each one of us has the ability to put in time and effort to become the master of our own lives and pursue happiness – however happiness is defined. While a support group helps, there’s a thriving soul and spirit which is more powerful and potent inside of us than anyone else can influence or control.

Through working on yourself each and every day, and looking to become just a little better than yesterday, consistent daily efforts will result in massive success – and this has nothing to do with anyone else. It only has to do with yourself and what’s inside of you: someone unique, amazing, and strong.

What does it mean to become a Mastermind?

Over the past year now, when I’ve interacted with various readers, I’ve been called a “mastermind”, “the mastermind”, and a slew of other things which imply that I’m smart.

As you’ll soon find out, one of the principles of becoming a mastermind is the realization that I am not smarter than you or anyone else in this world.

All of us has a powerful brain which can be used to better your situation. All of us are unique and have different talents. You have the power and resources to improve your situation if you want.

What does it mean to become a mastermind?

At a high level, becoming a mastermind is pursuing overall mastery in many areas of life.

At a lower level, there are many pieces to this pursuit which are necessary to think about on the way through life.

Principles of Becoming a Mastermind

Below, I’ve compiled a list of principles which I look to write about and share with you on this blog, and also have looked to implement in my life to be a little better than the day before.

One caveat, with many things I write about on this blog, I look to present you with options and tools which can improve your life. If you don’t agree with my view on life, that’s fine – no love lost 🙂 Thinking critically and looking to assess if new information is valuable in your life is one of the principles 🙂

• Critical thinking and being willing to think hard about different scenarios and strategies is very more important than any result
• Understanding I’m no smarter than you or anyone else in the world
• Realizing nearly everything can change and nothing is certain
• Living with an abundance mindset will lead to achieving your wildest dreams
• Wealth is not the goal, but a by-product of providing immense value over time
• Do a little bit each day to get a little closer to you goals
• Seek the truth, uphold the truth, but recognize that your opinions can and will change over time
• Happiness comes from doing what you want with your life and spending your time the way you want
• No one is the same as you, and there’s a learning opportunity with every new interaction
• Accomplishments should be celebrated and thanks should be given to where you came from
• Removing noise is essential for success
• Understand things take time and will generally take longer than you think

Below, I dive into each of these individually for further explanation.

Critical thinking and being willing to think hard about different scenarios and strategies is way more important than any result

Why are humans superior to the common ape?

Simple: humans have a powerful brain which allows them to do think critically, employ long-term thinking to navigate this complex world.

Unfortunately, many people don’t think hard about their situation and as a result, their situations don’t change.

Thinking critically and thinking hard takes a lot of energy, but it’s incredibly important for intentional living and becoming who you want to be in life.

If you take nothing else away from this post, that’s fine – I believe that thinking critically is the most important principle and can lead to all of the other principles I lay out here.

Understanding I’m no smarter than you or anyone else in the world

I’ve read 100s of books, listened to hours of podcasts, implemented much of what I learned, and constantly am seeking to learn and grow my knowledge base. When I play board games, I’m very good at visualizing strategies,  implementing them and improving the odds of winning.

I could say I’m smart, but that would be ARROGANT.

Arrogance is not attractive nor productive.

Here’s my take on this:

The only thing I know is I know nothing at all.

This is a quote attributed to Socrates, and is something I look to apply in my life.

I’m going to stop short of saying that humbleness is a principle of becoming a mastermind because I believe there is a time and place for celebrating your accomplishments (whether it be in a private or public setting).

Everyone has different talents and levels of knowledge.

Just because you share a different view, which may be more or less informed than my view, this does not mean that you are smarter or less smart then me. All it means is I need to learn more, and there’s a learning opportunity, or vice versa.

Realizing nearly everything can change and nothing is certain

My education is in mathematics and in the past, I’ve been employed as a statistician.

Math is one of the only subjects where things are absolute (there are caveats here, but let’s agree 1 and 1 is 2, 2 and 2 is 4, etc.).

When looking at data, human nature, politics, economies, almost anything, all of these things have variation and unexplainable change.

If you have more than 1 data point, in statistics, you need to introduce confidence intervals and talk about ranges of an outcome.

Want to hear a joke?

Why were economists created?

To make weathermen look smart.

The world is incredibly complex and ever changing. You have 7,000,000,000 people walking around and 7,000,000,000 motives.

This ties in with the previous principle. To think that things are static and absolute is short sighted.

I’m not smarter than the world or the universe; I’m just a speck who is looking to understand more and will probably never know anything.

Related to this principle is not taking yourself or work too seriously and having fun with life.

Living with an abundance mindset will lead to achieving your wildest dreams

I’ve talked about having an abundance mindset before on this blog.

What is an abundance mindset?

Put simply, it’s a mindset where you can win and I can win.

Living with an abundance mindset is viewing the world as a beautiful place with endless opportunity.

We both can have a favorable result from our interactions.

You can have anything you want – but it will take time and effort to get there.

Wealth is not the ultimate goal, but a by-product of providing immense value over time

I talk a lot about personal finance on this blog and one of my goals is to become financially free at a young age, but I don’t have a “number” and I don’t care about early retirement.

Personally, I think the concepts of personal finance are boring. The reason I talk about it though is because it’s important and something I realize many other people struggle with.

Money doesn’t really matter to me because just having money is not fulfilling. Money is a tool to do what you want with your time and money.

Honestly, I want to have millions of dollars in the bank someday. I don’t want to put a number on it, because that would put an artificial cap on my sights. $10 million? Why not $100 million? Why not a billion?

With an abundance mindset, all of these are possibilities.

Here’s the thing though, wealth does not come easy.

Wealth comes from providing immense value over time.

How do I provide value? How do I solve other people’s problems? 

Answering these questions will lead to the answers of becoming wealthy.

Do a little bit every day that will push you a little bit closer to your goals

Overnight successes are 5 to 10 years in the making.

Success comes from simple daily disciplines added up over many days, weeks, months, and years.

In personal finance, this concept connects to the concept of compound interest.

Very few people can go from no wealth to becoming a millionaire overnight.

But, by being consistent and saving money each and every month and year, you will start to accumulate more and more money.

It’s the exact same thing with your goals. Take a step each and every day to become just a little bit better than yesterday.

Seek the truth, uphold the truth, but recognize that your opinions can and will change over time

This principle follows from the principle that I’m not smarter than anyone else and because of this student mindset, I need to be open to incorporating new information into my worldview.

While navigating this complex world, there are learning opportunities in every place you look.

I want to know the truth and I want to make sure that this truth is the REAL truth – not some phony infomercial truth.

That being said, because I know I’m not smarter than anyone else, I’m able to be fluid in my thoughts and understand that I’m not always right.

I’m not an expert in everything and many things are not certain and static.

Recognizing things can change and will change will set you free.

Happiness comes from doing what you want with your life and spending your time the way you want

When are you enjoying life? What are you doing? Who are you with? Why do you feel this way?

Happiness in life comes in many different flavors and varieties.

I believe happiness comes from doing what you want with you life.

What makes you happiest? Are there things you are doing in your life you love doing? How can you do more of that and less of the things you aren’t doing?

Ultimately, you are the creator of your life and can do anything you want with your time and energy.

The pursuit of life mastery involves taking your current situation and making tweaks over time to better it.

It might not change over night, but can change over time.

No one is the same as you, and there’s a learning opportunity with every new interaction

We are different and because of this, there is an opportunity to learn and grow from each other.

It is arrogant to think just because I’m more well read or have certain experiences that I’m better, smarter or more whatever than someone else when I have no idea what they’ve been through or what they have seen in their lives.

In reality, having an open mind will allow you to learn more and grow to become better, rather than having a closed mind.

Accomplishments should be celebrated and thanks should be given to where you came from

Did you just get a promotion at work? Did you recently have a big win? What about just a small win?

Yes? Do a little dance then!

There’s no reason not to celebrate your wins.

Wins are a great time to reflect on how you got to that point, give thanks to your supporters, and start to plan for the future.

For a happy life, balance is necessary:

• balance between fun and play
• balance between consumption and creation
• and balance between celebration and struggle

Removing noise is essential for success

Social media, the news, and things that don’t matter are not important to your purpose and life.

Over the last few years, I’ve looked to reduce and remove noise from my life and it’s been incredibly beneficial for my productivity.

With so many people and companies looking to grab our attention, it’s tough to stay away from that new shiny app or toy.

Many of these new shiny things aren’t worth it though and won’t lead to happiness in the long run.

Noise gets in the way of our goals, purpose, and actions.

Take time to understand the noise in your life and make moves to reduce it over time.

Understand things take time and will generally take longer than you think

All things take time. We need to be patient while continuing to do a little bit each and every day to become better.

No one is an overnight success as I mentioned in one of the previous principles, but that success will come eventually through disciplined action taking and consistent efforts.

By understanding that things take time, we can stay patient and grow over time towards our goals.

This is just one way, you are the creator of  your life and need to think for yourself

As I mentioned above, thinking critically and figuring out what is most important for you and your situation is incredibly important for success.

Listening to supposed “gurus” or “experts” can help inform you of your situation, but ultimately, you need to implement what feels right for you.

I talked about this above, I’m not some genius mastermind that you might think – I’m still on my way to life mastery, financial freedom, understanding more about this world, and finding the truth to further improve my situation. All I can do is just that; working a little bit more each day to become a little bit better.

You have the ability to do whatever you want in your life.

You are the CREATOR of your life.

Go and get it.

Readers: what are some of the principles you try to live with in your life? Do some of these principles resonate with your life practices?

Are you looking to save more money? You don’t need a budget, but what you do need to do is start experimenting with your life to find what works for you and what makes you happy. This post is a guest post from CityFrugal about his experiments and the results leading to a nearly 50% savings rate.

Shortly after I graduated from college, I arrived in San Francisco to start a new job. One of the most significant adjustments from my cross-country move was rent prices. My half of a two-bedroom apartment cost $1695 per month. Before I moved, I paid $475 a month to live in a large house, so sticker shock didn’t even begin to describe what I was feeling – it was sticker electrocution.

Even worse, rent was going to eat up more than half of my take-home pay. I had a little savings cushion, but I wasn’t making a lot of money. If I wanted to pursue financial independence, I was going to have to get creative.

I didn’t know where to begin. Big change seemed daunting, so I started tinkering.

Over the next few years, I noticed some impressive results. In fact, I watched my expenses decrease as my life improved.

Encouraged by my progress, I started doing more conscious testing a couple of years ago. What if I cut down my spending in one area and reallocated it to another – would that make me happier? What if I automated my savings plan rather than manually adjusting it month-to-month? Would it be worthwhile to “waste” money and buy time?

I’ve lost count of the experiments I’ve conducted since those first days in San Francisco. The results are clear: I’ve saved between 25% and 47% of my annual income for the past eight years. Most importantly, I made sure the money I do spend makes me happy.

None of this came from an epiphany, a lifehack, or One Weird Trick. I’ve just stacked up small win after small win for years. Over time, these small wins can be life-changing.

The Experiments That Changed My Life

My life today is the result of hundreds of little tests. Not all of them were successful. Most of the ones that were successful improved my life incrementally.

But there have been a few experiments that have turned into something bigger – much bigger. These three experiments have saved me more than $100,000, made me better at my job, and improved my happiness.

In other words, these little experiments changed my life. Maybe they’ll change yours, too.

I Made Walking My Primary Mode of Transportation

After months of suffering through delays, traffic, and angry commuters on the crowded San Francisco bus system, I decided to move to an apartment where I could walk to work.

It was a bit of a challenge to walk through biting wind on the infamous San Francisco hills. Still, I found that I arrived at work each morning calmer and happier. Meanwhile, I avoided significant transit headaches and got some exercise.

After realizing how happy walking to work was making me, I tried walking more places. I would stroll to the water at Fort Mason on the weekends or walk to my friend’s apartment across town.

Switching to a walking-based life is the single most significant lifestyle upgrade I’ve ever made. You learn the ins and outs of your area. You get in touch with the city and the people around you. You soak up the ever-changing ecosystem in which you live.

By walking for most of your trips away from home, you also save a lot of money.

I still take taxis or the subway occasionally, but walking is now my primary mode of transportation. By walking (almost) everywhere, I’ve saved $2,500 per year versus my friends and coworkers.

I Made the Grocery Store My Primary Source of Food

When I moved to New York, one of my coworkers told me, “Everyone uses Seamless here – grocery stores are so expensive that it’s cheaper to order food than to make it yourself.”

The guy probably thought he was helping me. I thought he was, too.

I started my time in New York with an avalanche of delivery orders. I was ordering meals four or five times a week. Each meal was reasonably low cost, but they added up.

I was making more money than I had in San Francisco, but I was saving less of it.

Fed up with the price tag of my restaurant meals, I decided to browse the grocery store and check out the prices.

I was astonished. Everything was so cheap. I walked out with enough food to feed me for three full days – meals that would have cost over $100 to order from nearby restaurants – and paid $30 for it.

Since then, I’ve put my tinkering to use at the grocery store, to tremendous effect. Today, I cook all my breakfasts and lunches, plus about half of my dinners.

My average homemade meal costs about $4 versus a Seamless equivalent order of $15. This simple habit has saved me thousands of dollars per year.

I Learned to Win the Morning

In my early twenties, I turned up my nose at the idea of routine. I was young, (relatively) successful, and living in a fantastic city. Why should I limit my options each day?

Maybe I’m boring now, but I understand what I was missing.

I tested my first morning routine five years ago. That iteration included a morning run, breakfast, and guitar playing before beginning a stressful workday.

I’ve made dozens of adjustments to it since then, but my morning routine has become the bedrock on which my life is built.

In my current morning routine, I have time to write, exercise, and reflect. I start my workday centered and happy, spending zero dollars for the privilege. My morning routine has cut more than five years off of my working career.

I’m always surprised to learn that my friends and coworkers don’t have mornings like this. Theirs are more free form, less fulfilling, and often far more expensive.

Enter the Lab for Your Own Personal Experiments

For you to become successful, I suggest you start doing tests and experiments in your life.

Your mileage will vary with each of these experiments – the tests with the most impact will be the ones you choose for yourself.

How can you conduct similar experiments and get a taste of this life-changing magic? There are a few steps to take:

1. Start with Your Pain Points

Some pain points are unavoidable – e.g., high rent or student loans – but others are instructive. Removing negatives is one of the most powerful ways to increase your happiness, so it makes sense to start with those.

If you’re spending more than you’d like on Amazon, you might consider a test to reduce that spending. You could remove the app from your phone for a week or cancel your Prime subscription for a month.

You should also consider things that frustrate you in daily life. I hated my bus commute in San Francisco, so I figured out a way to skip the traffic and the crowds altogether. I was unhappy with my food spending in New York, so I tested ways to reduce it.

Where does your money go today? What frustrates or upsets you about your daily life? What negatives could you remove? Start there.

2. Devise a Test

Once you have ideas of things to try, you’ll need to set up an effective test. No matter what you’re testing, there are a few critical elements to any good experiment:

• Start small. Big trials are daunting, costly, and carry significant potential consequences. I suggest starting with small changes – a tweak here or an adjustment there – before you attempt something big. Don’t underestimate the power of a series of small changes. They can have a big impact.
• Set a timeframe to evaluate. The length of your experiment will vary, but having an endpoint in mind will motivate you and keep you focused.
• Define success beforehand. What does success look like to you? Is it saving money, improving your mood, or making your life easier? Define your success metrics beforehand, and you’ll know whether your experiment is worth continuing.
• Don’t burn the boats behind you. This isn’t the time for hero-ball. Keep your experiments reversible. You want to allow yourself to switch back if it doesn’t work.

3. Don’t be discouraged if an experiment doesn’t work.

Don’t let one failed experiment keep you from trying again. If an experiment fails, that doesn’t make you a failure. Remember: you’re the scientist, not the experiment.

Success and failure aren’t short-term metrics. We try to measure them daily or weekly, but their timelines are years and decades. The magic comes from systematically testing throughout your life.

4. Iterate, iterate, iterate.

Whether you’re initially successful or not, experimentation is an iterative process. The value comes from repeated trials.

If you cut spending on things you don’t care about to fund something you love, what are other areas where you could apply that logic?

If you saved money by insourcing a chore, what else are you outsourcing that you could do at home?

If you simplified your life by automating your savings, what else could you automate to make your life easier?

These are the questions to ask yourself. It takes work to think like a scientist, but once you make the shift, experimenting becomes fun.

1% improvements or a few dollars saved may not look like much in the short run, but it adds up over time. As Emerson reminds us, this is what life is all about.

“All life is an experiment. The more experiments you make the better.” -Ralph Waldo Emerson

David writes about how to design a remarkable life from first principles at cityfrugal.com. Want to learn more about how to treat your life as an experiment? Sign up to receive CityFrugal posts and subscriber-only bonus content in your inbox.