I’ve been with my current employer for nearly five years now. Throughout that time I’ve held a few different positions, worked on various teams, and had a handful of different managers, but something I learned during my very first week on the job has stuck with me the entire time. I call it the ‘3 Solutions’ rule and I believe it can help all of us reach financial independence.
Have you ever done something, either nefarious or hilarious, to someone else? Something that almost certainly means payback is in order? Usually you don’t know how, or when, payback will find you, but you know it’s coming. And all you can do is wait.
It’s a terrible feeling. Constantly looking over your shoulder. Being suspicions of almost everything and everyone. You walk on eggshells, just waiting for the payback to happen till eventually you end up wishing for it to happen so that you can just get on with your life already! The anticipation is awful.
Yes, payback sucks. Do you know what else sucks? Paying back. As in debt.
Ever since I jumped into the world of personal finance blogging with my first post in January of this year, I’ve been hearing great things about FinCon. It sounds like an awesome conference, but as a noob, I figured it wasn’t for me and I didn’t think too much about it. I just assumed that it was a conference I'd seriously consider attending once I felt like my blog had "made it"....what ever that means.
Well after a turn of events, and a bit of good luck, I'm going to FinCon in a couple of weeks and I'm pretty stoked about it! No, I don't feel like I've 'made it' yet, but I have done a few things that will allow me to attend FinConn for less than $200 bucks. Even an overly frugal guy like me thinks that's a bargain!
Below are the things I've done, and am going to do, to attend FinCon 2016 on the cheap.
I’m sitting in my favorite chair at the moment, legs crossed, computer in my lap, sipping my coffee and enjoying my morning immensely. On a normal day, I’d just now be sitting down in my office, getting ready to tackle another day. But today I’m at home with my immediate family, thinking about the extended family I just left.
Last week we traveled to spend time with family that lives over a thousand miles away from us. It was a chance to let our kids play with cousins that they don’t get to see very much, and for my wife and me, it was a chance to reconnect with our siblings, and most importantly, to spend time with our aging parents.
Three things were made very clear to me last week:
My liabilities went down in August (that's good), but so did my net worth (that's bad), which means my assets must also have gone down (also bad). Specifically, this past month we went through more cash than normal as we had to get four kids ready to go back to school and we also had an unexpected situation that required my family to travel. But that's cool because money is just stuff, and stuff doesn't matter - what matters is the people in our lives. We've been reminded of that loud and clear recently.
But you're here to get a peek behind the financial curtains, so all of the dirty details are listed out below.
Spoiler alert: society has already defined the path to a successful life for you. Nothing for you to do except follow the instructions and don't deviate. In case you missed it, here's the plan:
Get good grades in high school, graduate from college, land a good job, get married, buy a home, have 2 kids, climb the corporate ladder for 40 years, retire at 65, live happily ever after.
It’s not a terrible strategy. It even works! Countless people have followed (are following) this plan and they lead perfectly happy, content lives. Although the major milestones are predetermined, at least you get to fill in the details. For example, you get to choose which college you go to, which cars you want to lease, where you’ll live, etc. etc. But the general plan is in place and anyone that deviates from the norm is, well, abnormal.
So just stick to the plan and you’ll be fine. All it will cost you is your freedom.
|This proverb is slightly older than the Union Jack, but you probably didn't know that anyway. Image credit|
Penny wise and pound foolish is an old English proverb that is sometimes used in the States & Canada as well. Penny and pound refer to English money. If you’re penny wise and pound foolish then you make decisions that appear to be financially beneficial, but can actually cost you far more money in the long run.