Daily Money Bucket
thrift, frugality and self-reliance
by Stuart

1. I’m too busy earning more money; it is possible to have fun despite of a busy schedule?

You need to know how to have fun regardless of how busy your schedule is.

If you're full of fun it's possible to find entertainment an almost any environment regardless of how busy you are.

But if you're a miserable swine you won't have fun even if your schedule is completely empty.

2. As a nature of wanting more, how can we be contented in our financial status?

Greed, the desire for more, is always waiting to take hold of our emotions unless we remain constantly vigilant.

And the best way to become content with the state of your finances is to build the type of life that you truly want.

That doesn't mean that life that your partner, parents, children or the government want you to lead. It's the life that you want.

Once you have enough money to lead the life that you genuinely want, it's much easier to be contented with your finances.

3. Can we still be successful in our present job despite of not being happy anymore?

For a short time perhaps, but over the long-term the lack of general fulfillment in your life will eventually impact on your ability to provide value for other people.

4. I have a ridiculous spending habit, how can change it?

Stop and look at your life. Work out what you want from life. And now for the crucial question.

Every time you are about to spend money, ask yourself; will spending this money take me closer to or further away from the life that I want?

If that doesn't work you may need to get professional help to identify why you need to spend excessively.

5. It is possible to retire young and rich?

It depends what you mean by the words young and rich.

$10 million at 20 is much more difficult than $1 million at 30.

But if we define young as 40 and rich as having enough capital to generate sufficient income to afford the type of lifestyle that you want, then yes it is possible.

In fact, if you start work at 20 and save at least 50% of your income for investment purposes, it's not only possible but inevitable.