Three pillars of life

Three pillars of life
Showing posts with label Expense. Show all posts
Showing posts with label Expense. Show all posts

Sunday, June 7, 2015

You can achieve a lot more than you think you can, just start from where you are..

I have read somewhere that we use only around 20% of our brain power, which is our conscious mind and the rest 80% is our subconscious mind. The people who are able to use up to 25% of brain power are the super elite people who make great discoveries or enfluence all the human race up to great extent. For example Sir Albert Einstein.

Well, I don't really know if what I said just above is true or not. But what I know from my own experience is, if you do something repetatively or think something again and again or have passion in something or combination of these things then it automatically goes down to your subconscious mind, your subconscious mind will automatically start working on it, give you the answers like those "AAHAA" moments.

This is just for information, keep it in mind, don't think about it, just leave it that way. We are going do discuss the practical things here. How to use the subconscious mind in simple ways.

Like I just said do something repeatedly, thing again and again, have passion at something, these things sounds easy to do right?

They sound easy because they are. Just be like a baby and start taking baby steps towards your goal. Here the goal is financial freedom and happiness.

The first thing you have to do is to keep a log of your expences, All big and small expences. This is a very powerfull tool for financial freedom. It gives you the idea of where the money is going. Remember MY STORY? I lost my freedom because my expences went high under my nose and I didn't get a hint. You don't have to do that mistake.

You can invent your ways of keeping the log. I keep the log on the big calender I have on my bedroom wall. Every day after coming home I write the expences, I write every expence as quickly as possible so as to not miss anyone. You can do it on your PC or tab or whatever is easy.

At the end of the month I analyse the list. Look for ways to reduce the spending. Locate the unnecessary spending etc.

The trick is not to cut the necessary spendings, but to make them efficient. For example if you are purchasing packages of small quantity or weight of an item then,  instead buy large package,  usually it comes at discount. Sometimes reverse also happens, small packs are at discounts. Try to do some math. Later on you will find it was the most productive time you have spent,  also it is a good excercise for your brain. You can also go to wholesaler. Also think about the travelling cost too. And don't increase the consumption just because you have large stock at home. Just be comfortable with the excess stock at your home.

It may sound a meager amount of saving but consider this,
If you are spending 1k per month on something and you save 10%  of it every month then you will have 1.2k left in your pocket in a year. If you invest that money for 10% annual return and keep adding your savings to it for 10 years, at the end of 10th year you will have 16.3k in your pocket.

So think about it.

Sumit
The POWER is when,
you use ODDS
to get EVEN..