Save Money Through Mindful Living

I am a born worrier. I don’t remember a time when I didn’t care about terrible things strength to arrive. A few years ago, I decided to change my worrying habits. I worked with a therapist. I’ve read everything I can get my hands on. I took some useful tips from worried old-timers, and the one that helped me the most is called “mindful living”.

In a nutshell, living consciously means being aware of what is going on around you at that precise moment. It’s not about thinking about what might go wrong later today or dwelling on something that happened years ago. It’s about living in the moment, making decisions based on facts rather than feelings, and making decisions that are in your best interests.

Living consciously has benefited me in unexpected ways. I’ve stopped mindlessly snacking when I’m bored, but I’m also much less inclined to make impulsive financial decisions, which has dramatically changed the way I save. I also focused on the right types of investments.

If you’re struggling to put enough money aside for your future, here are some ways you can put a mindful life to work for you.

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Valuing the moments

Time is our most precious possession, because we have a finite amount of it. In the last hours of our life, we don’t wish we had bought more things.

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Even if you have 75 years to live, every moment of your life counts. Accepting this will help you focus on what’s important. Let’s take a look at three major aspects of your life that can benefit from a mindful life: spending habits, future plans, and career.

Spending habits

You know that expression, “you can’t ring that bell”? It’s true. Once I figured out how much money I was wasting on things I didn’t need and how much of those things would end up in a landfill, I stopped looking at shopping the same way. I’m not saying the thrill is gone, but conscious living has trained me to differentiate needs from wants. Instead of telling me how cute a piece of art would be in the guest bathroom or picking up Christmas decor just because it was 75% off, I only buy the things that I want to know about. need.

I wish I had gotten into the habit of writing down my savings when mindful living began to influence my shopping habits. It would be fun to see how much more money I have in my account each month. If you like shopping, slow down. Choose the items that appeal to you. Touch them. Study them. Then imagine what life would be like if you didn’t buy them. Are they necessary? How would you feel if you had that money to save instead?

Projects for the future

I spent last weekend reviewing our savings and investment plans. Almost every time I assess our performance, I think of my dad, who saved and invested every penny available. He lived in the moment making sure his monthly budget was in line, but also took the time to imagine what he wanted the future to look like. This mental image has helped him in every financial decision. For example, he consciously took great care of his vehicles because he knew he wanted to keep them as long as possible. Rather than buying a new car, he would open a new CD or IRA. He based his decisions on facts rather than fleeting feelings or desires, and he was able to amass enough money to comfortably retire.

Career

Slow down long enough to wonder if you really care about your job. Do you feel like you’re adding something meaningful to the world? Are you really using your talents?

Why is it important to love your job? It turns out that people who love their jobs tend to make more money. When author Thomas Corley set out to understand what distinguishes the poor from the rich, one of the things he found was that 86% of rich people appreciate what they do for a living. He discovered that the people who love their jobs have accumulated an average of $ 3.4 million over 32 years, which is no small feat. But the people who love their jobs? They accumulated much more and faster: $ 7.4 million in just 12 years on average.

If you are tempted to believe that they were just lucky, it is important to note that before getting rich, 65% of the wealthy people surveyed had a side job that provided them with additional income and / or a spouse who also worked to carry the financial burden.

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As you strive to live consciously, ask yourself if you are doing something that you enjoy. If not, start your own business, go back to school, or ask your employer how you can get to a job that better matches your skills. In short, make a change to move into a job that you look forward to each morning.

The best part of conscious living? Learn to appreciate each day for what it is. It’s about being grateful for what we have, not waiting for the stars to align to be happy. It’s being smart with our resources because we deserve to live financially healthy lives.

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