Moving Fast And Slamming Face First Into A Wall. How To Stop This.

As I go out creating my first endeavor or “muse” as I like to call it, a lot of other things seem to come up .

Like for example: spending too much time pondering about how to go about things, instead of action. Its almost like acting like a manic depressive- your up and ready for action you get pumped up, daydreaming about the future, then suddenly you stop, and life continues like your not able to accomplish anything. Then, you go about beating yourself up for lack of planning.

 

Lack of planning?

 

Its more like, lack of direction, lack of discipline or even a lack of interest. Not because of planning. It could also be straight-out fear of failure, or fear of succeeding.

Mostly everyone is so use to their set of outcomes, and results from those actions. Moving outside that, and somehow we try to race back to where we are conferable again. Our minds get bored,or frustrated, to try to level ourselves back to our normal plane of existence. This is last thing, we want.

Going at this rate, the doubts, the fears, and the boredom, of a new routine, could lead to the life of our dreams. I know for a fact that going the opposite direction, leads to a unproductive, dreamless, and faithless life.

So, since action is the cure, said easier than done, how do we go about past the stage of “yea, I’m going to do this” to really doing it instead of just telling ourselves thats what we are going to do?

 

Just take baby steps.

 

Thats what I discovered for the past few weeks. Its easy to really get burned out and get back to just doing normal going to work, sitting watching the TV, and doing nothing.

Thats all, nothing really complex. Just try to do something every week, even if its just 30 minutes. Its better than nothing at all, then the all day dedication, will come along(I hope, I wouldn’t know yet!).

Since we have enough stuff competing for our time, might as well add this to the competition instead of just getting winded up and crashing into a wall. It should become second nature later on, to figure out really how much time you need to exactly spend. In my case, it should be around an hour a day or so. For blogging, once or twice a week. Instead of whenever I feel like it. Those are my current goals.

We could just sit here trying to analysis each thing, why does the boredom, fear, etc. set in, but I really don’t have full answers at this time. Sorry.

We could thought do one other thing with our baby steps, and that is keep yourself motivated that your doing the right thing- creating some future for yourself. There is some failure of course in some things you might do, but don’t boggled down in that.

 

Happy 4th of July, Early

Happy 4th of July! Independent, personally..I’m not, however, I’m still free to pursue a life of stupidity if I wish! Like playing with fireworks! And large barbecues!

I get the pleasure of heading out to a small town to visit my wife family, which will be a bit of a first for me. I never been to a small town independent day. While her parents are far from town, they are not far from this community volunteer firefighter department. They like to go overboard, and I guess start their own fire by having their own large firework display.
So have some fun tomorrow!

 

A pause and a personal look at the financials

Currently we are working on trying to find a new place to move into. While we do that, we decided to slow down a bit and build up our savings. I also rearranged our entire personal income. While it isn’t really necessary for the wealth building I guess, I figured if I didn’t do something, we would be stuck for quite some time.

So now, we have some lazy assets developing. Thats the saving account. I will be working on a self-directed IRA sometime once we reach about $3,000 in lazy, to move over. We do not have any significant amount of cash in 401k plans, to loan from. I did some figures regarding how much it would cost to get some things in place, such as legal entities(incorporating, LLC’s, etc.) , starting of a business, and so on. Its helpful somewhat to have a friend who is starting a services company, seeing how much it cost him to get things started. All-in-all, starting a business can take as short as 7 weeks, But back onto the topic of personal wealth..

Like all young couples, we have an appetite for spending. I like computers, and I feel the need to upgrade. I like reading books not found at the library, so I need to go to amazon.,We feel tired this evening, so we eat out. Then Marilee has her needs, for better makeup, crafts(which something she will do business related), and clothing. We get paid, be happy, go spend it in about 4 days, then for about the rest of the time(Im paid every 2 weeks), there a bit of a struggle. We were also helping a friend get onto their feet at the same time.

Officially we have bitten off more than we can chew. We do this without creating any debt. So, thats good, but at the same time we still need to delay gratify a bit. The pay yourself first helps a lot, but I decided to take it a step further. At where I have my internet saving account, they recently started having an internet checking account(if you must know, its at ING Direct) So, I went ahead and opened one. Then with direct deposit, about 10-15% of my paycheck goes into it. This has become our discretionary spending fund. So, yes if we want a latte, we can have one. But, once that fund is gone, tough. Now, my normal checking account is used to pay bills, and needs, but that hasn’t turned into a joint account just quite yet. That next on our agenda, is turning that one into a joint, so I can get my wife out of a horrible bank and balance our bill paying. From this point, we have the option of just turning our discretionary spending and savings into a joint, or keep them separate. Since I know, all people situations are different, so thats an idea to look into. Personally, I lean to more of a merging as much as possible. Call me old fashioned, but its easier to manage buying groceries, bill paying, and so on.

Planning of purchasing of everything from the beginning, plus outings, is boring and kills the spontaneity of life. Taking the approach of just saving for spontaneity, will create less stress than just getting an paycheck and spending it into oblivion or having a budget that is so tight, you cannot move an inch more.

 

Action Step- Decisons..addium.(aka- make it accountable)

I think we have made a good decision to become better, however, I noticed that nothing is really still being done. So, I have setup a few milestones for every week. While we are moving a bit faster than someone who hasn’t “educated” themselves much about creating wealth and entrepreneurship, you could slow it down and take some time(like 3 weeks or how much you wish, but I recommend no more than 3 months unless your only able to read a page a week in a book) and setup some milestones to get educated. Any Library has the three major financial newspapers(That would be Barrons Weekly, Investors Business Daily, and The Wall street Journal), many books on Wealth creation covering Real Estate, small business Entrepreneurship, and wealth mindsets(like the Rich Dad, Poor Dad series, or Donald Trumps books). Read up on a few forums postings(I will post some forums later), and check some blogs or websites out. If your really bored, use Wikipedia, or a dictionary, look up financial terms. Like Dollar Cost Averaging , P/E Ratio, Rate of Return, Income Statement, blah blah… and so forth.

Right now, don’t invest a cent in any systems, or any digital media(e-books, audio, etc), because all of them sound great, and sometimes provide very little in use or content. Right now, just work on whats out there, and you can worry about buying supporting products once a deeper direction is set. Now, we are just getting our feet wet, there is one thing that caught me about this: I’ve been in this stage for nearly 3 years now. Don’t do that. Its analysis paralysis, and while some education is good, too much will keep you occupied from taking any useful action. So, please have a education milestone(I say 3 months tops, of heavy reading, if your reading 2-4 books per month, and several magazines), then whenever the other action step comes around(when your ready at least) that will be your next milestone.

So my milestones are the following: These are done in half weeks(I am working a bit faster, so I can have material to write about) 1. a quick education roundup, 2. write two articles for this blog every week(this is very time consuming for me since I’m fighting bad grammar at the same time) 3. Start writing a small posting for Office Space 4. And sign up for adsense, amazon, etc, to have some small advertising on the blogs. After that..start the next action step

Those are my goals for the next 2 weeks. we are going to get cracking, and I hope you are too.