One of the first things I would like to point out is Mr. Money Mustache and myself have one thing in common, we live in a beautiful place; mountains, open country, far from the hustle and bustle of a big city so the natural beauty of our surroundings screams for us to be outdoors. Outdoor activities are plentiful and an easy choice, especially for me because we make a living raising animals, but even if you don't most outdoor activities are free. Big cities have parks, bike trails, gardens and if you are in the mood, get outta dodge! Hit the dusty trail for wide open spaces. The point is you can begin to switch out some of your more expensive past times for ones that don't cost money to enjoy. Let's say you have one activity that costs you $100.00 a week, switching just that one to a free activity will save you $5,200.00 a year. Think of what you could do with an extra $5,200.00. This is all about monetizing your desires.
Having a goal motivates us to change our behavior. Mr. Money's goal was to retire and live happily with his wife and son before his son was born. Retiring decades before most people, getting out of the hustle and bustle to live a scaled down life was his motivating challenge. My goal is to be able to continue to run this ranch, raise animals and work for myself. It doesn't mean you don't take on extra jobs to make money, it just means you work to maintain your freedom to live and work on your own terms.
Our life is so automated today that it is easy to overlook exactly how much money we spend on a monthly basis. Our automated wine service, food box, auto-bill pay and endless take out adds up to a firestorm of money flying out the door. We have lost touch with our spending. Handling a crisp bill and then handing it over physically for goods and services gave us a direct connection with the reality of our spending. Automation and credit cards have severed this physical connection leading to overspending at warp speed.
For fun this week switch out one regular paid activity for one free activity and monetize it. Mine is getting rid of my wine service. $57.00 a month at 12 months= $684.00 a year. Simple and actually quite painless...
UNTIL THE NEXT CHALLENGE! OBSERVE, THINK, EVALUATE & CONSIDER WHAT REALLY MAKES YOU
Enjoy! The Princess Rancher