financial


Editor’s Note: This is a guest post from Baker of Man Vs. Debt . Every time we automate a process in our lives, we trade a piece of consciousness away for a piece of convenience. This can be fantastic, as long as we ensure that we automate positive, sustainable habits. The problem with automation comes when we try to apply it to areas in our lives that need more consciousness. We run into trouble when we try to solve a problem by automating it. Automation itself doesn’t fix anything. In fact, automating a undesirable process only buries the problem even further. “Problems can’t be solved at the same level of awareness that created them.” -Albert Einstein. We cannot solve problems by trading away consciousness. We need to reverse this trend. We need  unautomation . Unautomation is the act of deliberately trading back pieces of convenience for increased consciousness in return. In our financial lives, there are plenty of examples were we can benefit from unautomation : Creating a list of every item you own. While far from convenient, this will drastically increase the awareness of our clutter. Using a 30-day list for wants. Waiting 30 days to purchase an item can be a drag, but we’ll likely realize how little we really desired it in the first place. Tracking our spending with pen and paper. Carry a small pocketbook and record every purchase by hand rather than just on your plastic. Converting the cost of items into time we’ll need to work. This can be a tough exercise, but will put things in perspective quickly. Purging 2 items for every 1 you bring into your life. Yet another inconvenient (at times) rule-of-thumb that can raise awareness around just how much clutter we bring into our lives. Quit signing contracts. Until you’ve ever tried to quit signing them, you don’t realize how fundamental contracts are in our society. Spending with cash over plastic. Going without plastic isn’t easy, but you can’t get much more aware than we spending cold, hard cash. Taking public transportation. You may have to leave early or plan a little more in advance, but taking public transportation will open your eyes the other side of your daily commute. These examples are only a handful of hundreds of money instances where we could benefit from a path of less convenience and more consciousness. The next time you look to change a set of behaviors in your life, don’t turn to automation. Start with unautomation. Registration is now open for You Vs Debt , Baker’s 6-week online class with daily videos, challenges, and accountability forums to empower your battle against debt.

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financial


Editor’s note : This is a guest post from David Damron of The Minimalist Path . Let’s start with an exercise … 1. Grab a small sheet of paper and a pen or pencil. 2. After you read the following question, please take 5 deep breaths before answering. 3. Write your response to the up-coming question on your piece of paper in one sentence. Here is your question to answer: If you had the opportunity to do one activity for one week without any worry about finances, cost, or other outside commitments, what would you love to do for this week? I hope you answered that question on the piece of paper. If not, please finish following the original instructions and then continue reading. So, what did you come up with? Was it travel around your favorite Hawaiian Island? Was it to spend a week at Disney World with your family and friends? Was it take that honeymoon you and your significant other missed out on? Or was it watch television while you munched on chips and salsa for eight hours a day, seven days straight? I doubt it was that last one. However, for some reason, the last response should be answered the most. At least by Americans. In 2008, we watched an average of 5.1 hours/day of television and that doesn’t include the 3 hours/month average of internet video watching. For Americans, that is a total of 10.92 weeks / year watching television. If that figure doesn’t shock you then I don’t know what will. In America and much of western culture, our infatuation with materialism comes from the opportunity to have such. Being a minimalist pre-cable/satellite television was not just a fad. It was a way of life. People were these things called ACTIVE and ENERGETIC. Once television became such a monumental part of our lives, we began being consumed by this sedentary form of life that co-existed with unhealthy and unfit lives. In many other parts of the world, being active is living . In Japan, Leo Babauta experienced the countering idea to the lives of western cultures. He found that many Japanese lives revolve around basic physical activities like walking and biking and there isn’t a focus on exercise. Those that have not accepted the forms of materialism similar to the addiction in America and beyond live longer and are happier. Though this may be for many reasons, such as financial, I like to believe it is for the health and life reasons that many the world over choose the anti-materialism way. Health is not the only factor in the fight against materialism. You do not need me to tell you about the financial situation the world is in. The abundance of commercials and other highly influential advertising through our modes of electronic communication have caused personal debt to become just as bloated as our waste lines. In America, we spend 5.4% of our income entertaining ourselves . That’s $2700/annually that could be going towards savings, retirement, and/or travel. How different would your mindset be if you had $2700 set aside for a random, spontaneous week vacation? If you think that’s a lot, we spend $1881/annually just on apparel and services. Assuming we just cut those two totals in half, we would have an additional $2290 to our name. For me, just that half is a lot of money that could be used for activities that would be much more fulfilling than 500+ television channels. The point of reducing our sedentary forms of entertainment is not just to save money and lose a few pounds. It is to save our lives! Just imagine how different your life would be if you spent one more hour with your family daily or a few more hours a week chasing your tour card on the PGA or training for a marathon . When we spend our time doing the things we love, it ends up being more valuable than any half hour sitcom can be. Remember that question I asked you to answer earlier. Your response was only addressing one week. So, if you chose to spend your gifted week at the Great Barrier Reef finding Nemo, imagine what your life would be like if you took just half of that 10+ hours/week spent in front of the television and spent those additional 5 weeks exploring the entire Great Barrier Reef. Surely, your boss may not let you have that much vacation, but without that television being such a major priority, you could do many of the things you dream of doing, whatever they may be. Being a minimalist and simplifying your life does not mean you need to eliminate all that you somewhat enjoy. I, to this day, like to watch a handful of hours of television per week. However, if you are able to reduce the quantity of time and money spent on that which you just like and apply both to that which you love , you may be able to live a longer, more pleasureful life. Try cutting your cord to materialism and start appreciating more of the things you don’t just like but love . David Damron is the author of PROJECT M-31: Simplify Your Life in 31 Days, and chronicles his journey to a more simplified life at The Minimalist Path .

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