Finding a better balance – is it time to recalibrate?

This morning my wife commented that I rarely do things in moderation. I guess she probably has a point, and on reflection I can see many examples where not only have I been overly-enthusiastic (maybe sometimes obsessive) about a hobby, cause or new area of interest but also how I yo-yo between extremes. For example, in my pursuit of Financial Indepence I know that at times I’ve been overly frugal but occasionally I’ll randomly go and spend a ton of money. I can go cold turkey with my Coke Zero (habit/addiction) but then revert to drinking way too much. This see-sawing behaviour often negates my positive intentions.

Perhaps the old saying “everything in moderation” has some merit. Those that read my last post about the concept of FILLS know that I’ve been thinking a lot about balance, sustainability and our place in the world.

Continue reading

“The Biggest Little Farm” reaffirms my belief in simplicity, purpose and sustainability

Last night my wife and I watched a fantastic documentary called “The Biggest Little Farm“. The film chronicles the 8 year journey of John and Molly Chester from small LA city apartment to 200 acres of biodiverse farm. They have a dream of coexisting with nature and “traditional” farming, where over time they transform a barren landscape into a lush paradise. The cinematography is beautiful and their story is hopeful, often emotional, and inspiring.

I don’t suddenly want to become a farmer, but The Biggest Little Farm got me thinking about what constitutes sustainability, purpose and a good life.

Continue reading

Living paycheck-to-paycheck is a disaster – why you need to escape the cycle NOW!

It’s estimated that ~78% of workers are living paycheck-to-paycheck. Scary, but not surprising. People from all walks of life are scraping by and struggling through life – regardless of gender, education or income levels.

PwC’s 8th annual Employee Financial Wellness Survey, 2019, also notes that more and more people experiencing financial difficulties:

  • 49% of all employees say they find it difficult to meet household expense on time each month
  • Only 31% would be able to meet their basic expenses if they were out of work for an extended period of time
  • 59% consistently carry balances on their credit cards, with 37% finding it difficult to make their minimum payments each month
  • 35% of Millennials and 30% of Gen X employees are using their credit cards to pay for monthly necessities which they could otherwise not afford

Most worryingly of all is that 45% of people surveyed have less than $1,000 saved for unexpected expense. Unfortunately this situation is worse for women, with 51% not having this relatively small amount of money put aside vs. 38% of men.

The situation is dire and getting worse. It’s time to do something about it, because living paycheck-to-paycheck is a disaster not only for your immediate finances but also your general wellbeing, happiness and future living standards.

There is a better way to live, than paycheck-to-paycheck
Continue reading

How to live a more simple life without money worries

There is no one-size-fits-all definition of a simple life, but for me it is about uncomplicated, sustainable living. A life of happiness and intention which isn’t ruled by possessions or the expectations of others. Living a simple life is about having the time, energy, health and resources to focus on things, topics and people that matter. It’s about doing and having less, while gaining and giving more. It’s about choice, control and contentment, rather than reacting to societal pressures, norms and rampant consumerism. It’s about finding real happiness and a high quality of life.

“There is nothing that the busy man is less busy with than living: there is nothing harder to learn”

Seneca
Seeing what is important in life

Being clear about the life you want to lead is important. Below are ways I’m working towards that simple life:

Continue reading

The Pursuit of Happiness and Meaning

Have you ever felt a bit aimless, unmotivated or wondering what your purpose was in life? Maybe, like me, you’re working in a job that can sometimes feel a bit pointless and meaningless. Are you looking for something bigger than yourself or trying to forge a life that truly matters?

Finding purpose in life

There is an excellent book called “Man’s search for meaning” by Viktor Frankl, a holocaust survivor, which outlines three ways one’s purpose in life is uncovered:

  1. By creating a work or doing a deed;
  2. By experiencing something or encountering someone;
  3. By the attitude we take toward unavoidable suffering
Contemplating life’s purpose
Continue reading

Living with Less to Gain More

Do you ever have the feel like you’re being pulled in multiple directions, overworked and stressed, never have enough time or are constantly worrying about money? Me too.

Somewhat paradoxically “less” may be the secret to getting back control over your life. Focusing on the essentials, being more selective about what we do, minimizing the stuff we strive to obtain and consume, spending time with the people that matter. Living a life with less allows us to focus on what really matters. Cutting out the crap, the unnecessary and the toxic, is key to making this philosophy work.

Time to focus on a beautiful sunset
Continue reading

Convenience is bad for your finances and wellbeing

Clearly there is some hyperbole in the title of this blog post, but as a society we should be more conscious of the real choices we are making in exchange for convenience.

Technology, services and products that save us time, provide broader access to solutions, satisfy our need for instant gratification, reduce effort or streamline processes can be very appealing. There is no question that in many instances these conveniences deliver short term benefits and momentarily boost happiness.

However we also need to be aware of the downsides associated with minimizing effort and difficulty. What appears to be a “no-brainer” convenience may result in more harm than good over the longer term for you (and society), impacting your finances, physical and mental health, relationships and sense of purpose.

A couple of quick examples:

Car addicted society?
Continue reading