I was writing yesterday about the salary that I’d need to support my preferred lifestyle, and it came out to be an extremely large number. This number is larger than I have the means or inclination to earn.
I could use this information to motivate me to earn more money, but more than tripling my gross salary isn’t likely to be achievable any time soon. In fact, I don’t think it’s going to be achievable ever.
Before doing the calculations, I had no idea how far away I was from earning enough money to support my ideal life. Having done them, I am more motivated to stick to my budget and focus on spending money, time and effort on the things that make me happy.
Neither this pay rise, nor the next one, nor the next are going to be enough for me to have a dream life, so I have to modify the dream a little bit. I need to mentally cut back on the things that I think I want, because they aren’t realistic, not all of them at once.
I need to be happy to live my dreams one at a time and not pursue lots of spending plans at once.
Sounds sensible and healthy. As it is, you’re financially pretty healthy and you have enough to do bits of the dream. Like your trip to DC
I definitely can’t live at my dream level yet, but it’s not all bad down here.
I’m afraid to do that kind of math, I’m sure I’d need to at least triple what I currently earn! I really admire your response to that knowledge, however - as Mrs. M said, it’s sensible and healthy. And spending money on things that make you happy makes perfect sense, especially if those things are experiences. I look forward to reading about more of your dreams coming true!
I’m with CFO…. too scary to do that kind of calculation… very brave of you!
I’m just looking for Jeannie for my dreams… wonder if anyone will get that terrible joke.
Actually I’m a bit stuck as to what my dreams could be. I’m currently on an exercise/weight loss drive which oddly enough coincides with thesimpledollar doing a piece on that! http://www.thesimpledollar.com/2008/02/19/investing-in-yourself-exercise/ if the link works.
“if you can’t be with the one you love, love the one your with”
Works for finances too!
PS I dream of Jeanie too Llama
I have a dream and i must try my best to realise it. Work harder together.
County Travelling