We have officially completed the first quarter of the year! We’re calling this year, which is Year One of our family’s plan to reach location independence, the Year of Good Habits. Each month, I focus on improving or developing one new habit. Sometimes the habits are directly related to personal finance and sometimes they’re related to general self-improvement. At the end of each month, I have been continuing the last month’s habit (or trying to) and adding a new habit in. (But, just for totally transparency, I would not recommend starting so many new habits in one year for the average person. This is more an experiment for the blog. In real life, I try to add in one or two new habits a year).
About three years ago, I was talking to a friend about training for a half marathon. “I would really love to finally run a sub-two (13.1 miles in under 2 hours),” I told him, “like [our other running friends.] But I’m just so slow!” “You have to run your own race,” he told me.
I’m going to spend each month of this year focused on building one new good habit to help our familyachieve our goal of location independence, doubling our net worth, and moving abroad in three short years. This month, I’ll be focused on setting tomorrow’s top three goals.
What does making your bed have to do with your financial health? Good question!
Habits are important. Good habits are small behaviors that seem so trivial, yet they can reap profound benefits in your life. Take this blog, for example. I couldn’t find any time during the day to write, so I told myself I would get up each day a little earlier and write for the first half hour or hour. That behavior, multiplied by many days, has created blog posts and content. Continue reading “A Year of Good Habits: Make Your Bed Every Day!”
One of the books that has had the biggest impact on how I think is Charles Duhigg’s The Power of Habit: Why We Do What We Do In Life and Business. Using emerging findings from the field of neuroscience, Duhigg explains how habits, good and bad, are formed. Continue reading “A Year of Good Habits: Let’s Get Started”
Our family’s dream is to move internationally in three years. In order to do that, we’ve set a goal of doubling our net worth by December, 2019. While that amount of money won’t replace our yearly expenses using the 4% rule (yet!—we’re slowly bringing down our spending), it will give us enough financial security to leave Continue reading “January Net Worth Update”