Trade The Journey

Trade The Journey

Weekly Progress: Epic Fail!

Wow! I can’t believe how much I slipped last week in terms of money management. Earlier this month, I knew I’d have a shortage of cash flow. However, I considered myself prepared.

With my savings and investing accounts supporting my confidence, I felt indifferent about the balance in my checking account. The balance slowly dwindled as I maintained my attitude of indifference until my account neared zero. So I dipped into my savings and almost depleted my savings account.

 

Once again, my perspective on frugality had wavered. I felt satisfied. I was comfortable spending a little here and little there. An unlikely event resulted in a shortage of billable hours for the week and I returned to survival mode.

 

Luckily, I didn’t have to dip into my investment accounts. Dipping into my investment account to cover my monthly expenses is an official emergency. A by-product of saving and investing is the satisfying feeling you get knowing that you are prepared.

 

Totaling the extra expenses:


Energy Drinks, snacks at the convenience store, and a few discretionary purchases totaled to over $100.


 

Although I dipped into my savings, I still spent less than in the previous month. How is this possible? My income variates and for the first time in two months, no emergency expense arose. My income decreased just enough to cause a shortage in my cash flow for the following week.

The real goal was to live on what I had been paid and use my savings as the absolute last resort.

If I could have done things differently, I would have put a halt on all discretionary spending. If it wasn’t food or rent, then it wouldn’t be purchased. This is my spending mindset going forward.

 

“This purchase is not going to hurt your financial standing long-term wise. Plus this is why you save money, so in the lean times you can live comfortably.”

 

This mindset of abundance and that all is yours to claim can lead to dangerous repercussions if misused.

I think that’s the underlying rationality to my thinking, that I could get it again.

What if the good news waited upon never arrives? What if your luck changes?

The hardest lesson I’ve learned this past week is that there are no guarantees. You could eat a primarily vegan diet, exercise five days week and meditate each day to reduce stress levels, and still succumb to a heartache. Conversely, you could do all of the right things and be rewarded with a long life. Although this is the expected reward for a life well lived, it isn’t guaranteed.


With no certainty of the outcome, we must march on; this is the way of the warrior.

I finished a short book called the War of Art by Steven Pressfield. In this book, he speaks of the inner resistance we all have and how to overcome it. The warrior presses on withstanding the voices of critics, thoughts of doubts by knowing the different appearances of “Resistance.”

 

Resistance is designed to keep the artist from painting their masterpiece and the entrepreneur from starting a business. From within is where this battle is waged.

One paragraph I remember pertained to the support of family and friends. These people can only serve as well-wishers and cannot affect the journey of the mission.

 

The mission and its successful completion are won from within.

 

Resistance will be ever-apparent as you journey towards financial freedom. As much as I want to believe successful money management is a destination, it is instead a never-ending journey/process.

In an interview with Kobe Bryant, a young entrepreneur asks him when does the Grind stop? Kobe replies that it never stops.

It is a never-ending quest. Along the way, you add some tricks to make the process smoother, but the process (Grind) never stops.

 

This week I gave myself an “F.” This week was not representative of my financial IQ. If someone were to view my financial statement, they would undoubtedly recommend an advisor.

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