Was chatting with an online friend on twitter earlier. He mentioned a book recommendation to me. Ramit Sethi’s I Will Teach You To Be Rich. Despite having read it years ago I hadn’t put together a mock annual budget. So I did that while watching Blacklist and with Suze Orman episodes playing in the background.
- I eat out way too damn much. At work I can get a hot meal by using a microwave. The same at home. With a place of my own I can get used to inviting friends over more without feeling any guilt. Over $5k on food alone over the course of a year. I could see that in NY or SF if I was earning a six figure income, but I’m in Texas and not…. Some people are able to feed a single person on $100 a month. I might need to adopt some of these principles into my own life. Live in the richest country in the world and I’m in financial deficit.
- That monthly budget is paying the minimum on my student loan which I am adamant about not doing. $800 – $1000 is my monthly goal. The townhouse equity payments are helping toward that. I pay an extra $100-125 a week without thinking twice about it.
- I’m smarter with how I spend my money than I give myself credit for. Since starting this blog I’ve made about $20k in student loan payments. Yes I drive a new car but it’s at 0% and the total amount is less than 30% of my gross.
- I’m impatient. Soon will be year 14 of owing student loans to Sallie Mae / Navient. Done with these fuckers. Should’ve paid them off years ago. My original goal was 2010 while still living with my parents. Quitting my job, getting a really shitty job and a slightly less shitty job, then moving to DFW and no job for 6 months before getting a shitty job that bounced my paycheck were a series of obstacles I had to face. It’s been a few years but during the middle of the process it was extremely painful and very much fresh in my mind. I don’t believe in job security anymore. In the grand scheme of life, only my individual skills will keep me employed. I see new grads from college landing jobs with starting pay higher than my own. My conclusion is working on my skills is an absolute must. Salary only increased 2% last year. Another 2% increase is nothing. Without letting greed or bitterness into the equation, it’s time to go hard. Learning from people who have already done it and getting ideas.
It’s 4AM and I need sleep. Thanks all for reading. I wish you a happy and safe 2015!