Establishing the why behind my money was a game-changer in my personal finance journey. It guides my focus and sustains my motivation. Whenever I get fatigued thinking about personal finance, I just look back at my why’s, and once again I am back on track. Establishing my why’s also keeps me in line with what my priorities are. If ever I am in between big money decisions, my why’s are my guiding light. It makes me mind my spending habit, and let’s me know the things that bring me joy. There’s a popular line in a Philippine coffee company that goes “Para kanino ka bumabangon?” which literaly translates to “Who do you wake up for?”
These are the reasons why I wake up in the morning and do what I do.
- I hate being employed. I have a love-hate relationship with my current job. I know I am good with what I do but isn’t it nice to have the freedom to quit whenever you like? Being “work optional and not location dependent” is my ultimate dream and my number one why.
- I previously had a co-worker who was 60 years old, still had grade school kids, didn’t have any savings and no retirement plans. He was living paycheck to paycheck and had to borrow money from us sometimes if this month’s pay did not suffice. He was very sickly and stressed because of work and money problems at home. I have been working since I was 19, and by the time I’m 60, I sure don’t want to have the same problems I had when I was in my early 20s, barely making ends meet for my family and me. If I’m not going to be work optional by that time, I sure hope I will have a more peaceful life.
- I have a digital mood board of high beamed houses, floor to ceiling glass windows, open plan house designs and a vegetable and herb garden of my own. I don’t want a mansion. I just want to have a house of my own, even if it means I will be working until I’m 60.
- Fourth, if I can’t have my dream house, at least, I want to be able to afford to live for a month in Switzerland. Switzerland is my dream country and I am so in love with it.
- Lastly, if I ever have children, I want them to be comfortable. I want them to be able to make decisions independent of money, unlike me in my early 20s.
A year after my personal finance journey, I became fatigued with everything about personal finance. I came across an episode of How To Money and my mojo was right back up. If you haven’t established yours yet, list down your priorities and start from there.