Another month has come and gone.
This month I have tried to refocus myself towards being more productive with how I use my time and how I organize my tasks. I noticed that I go through this kind of phase about once a year, but I want to do better at holding myself accountable and forming better habits in order to reach my goals.
One of the things that I noticed is that I am very good at maintaining my financial habits without too much thought or effort. Part of it is because I have made correct choices in the past and set up so many things to run automatically, but another part of it is because (at least for me) the concept of money is very abstract, so I don’t have to fight against primal urges as one might with other aspects of life (like eating healthy and exercising). Because money is an abstract thing I feel that it is more under control of the logical, planning side of my mind, so I usually end up making the right choices without too much struggle.
I recently read (listened to) The Power of Habit which talks about how habits work and how to form new ones in order to achieve goals. My goal is to start doing small tasks daily to get me towards my other goals and to make them a habit so that I don’t have to think about them either.
I am also working towards improving how I organize my different responsibilities at work so that I can spend more time getting things done instead of thinking about what needs to get done. So far it’s working out pretty well, but the real results will show up only if I can stick to the system. More to come.
Finally, I’ll be doing some more travel this month, so looking forward to that.
As for my spending:
Projected time to FI (assuming 6% growth and 4% withdrawal rate): 6 years, 4 months.