Whilst I write about money my deep belief is that it is all actually about living the life you’d love.
That’s why I love this new magazine published by my mate Bruce Sullivan through his business 1 Life Do It Now. There are three big things I really like about the 1 Life Do It Now mag:
- It contains insightful articles from experts in a broad range of the aspects of our life
- The articles are written by actual experts rather than reporters filing a story.
- The insights are well thought through, practical and relevant.
Below you can read the recently published second edition 2 of the magazine (or follow this link).
Yes, I am one of the article authors but read the rest of the articles – I do and I get lots out of them.
The start of a new year is a fantastic time when we often look ahead to exciting possibilities. That’s what makes the start of a new year the ideal time for a quick, high level review of your financial plan to ensure you are still on track.
The start of a new year is a fantastic time.
Often we reflect on our experiences and lessons of the past year. I find that to be a useful and healthy check-in on what matters most to me in life.
Typically we also look ahead to exciting possibilities.
That’s what makes the start of a new year the ideal time for a quick, high level review of your financial plan to ensure you are still on track.
One of the key inputs to your financial plan is those life experiences that matter most to you – your life goals.
At the same time as you’re resetting your life goals ask yourself the questions:
- Have I already incorporated this goal into my budget?
- If so, is my savings plan on track to having enough money when I need it?
- If the goal is not in my budget, what less important goals can I reallocate towards achieving this goal? (This article may help.)
By adding a few extra minutes to your new year goal setting you can ensure you remain on track to having enough money for what you really want in life.
Got a new gadget or two for Christmas? Maybe a new phone, tablet or digital camera?
If the old, superseded gadget is still working it seems a waste to just throw it in the bin. Give it a second life by recycling it and get some money into your pocket.
Another idea could be to re-purpose your old gadget.
In December I upgraded to a new smartphone when I re-contracted. My young children love playing music and taking crazy self-portraits on my wife’s iPhone but they are pretty rough with it. So, over the holidays I reset my old smartphone and set it up as a music player and digital camera.
Gee, was I the best Dad ever! (Well, I got to bask in glory for a few minutes anyway.)
To protect them and me there is no SIM in the old phone and I haven’t set up the wireless internet access codes.
If they eventually break it then that’s ok – I’ll recycle the broken phone for spare parts and hopefully get a few bucks into my pocket.