Why Saving Money in the Modern Age is Key…

Afternoon walks…

Saving money is easier than you think…

Some people save 10% of their monthly wage, others 70% and others none

I’m a believer in the philosophy that every penny counts,

…after all…£1 saved a day for a year… Is £365

It’s little things that mean you can accumulate wealth

EVERYTHING MAKES A DIFFERENCE

I know a lot of people on an okay wage, with a relatively cheap apartment

…Who always complain about having no money…

So, me being me, I ask why

and most of them can’t really give me an answer…

apart from tell me what they do in a week

From talking to them it became apparent that they:

went on a night out twice a week

had meals out with friends in between that

went to the grocery shop every couple of days

and bought clothes/treated themselves whenever they had anything left over

ALL OF THIS IS OKAY TO DO…it’s your life, and this is a normal social life

However, I find the people with the most wealth- the ones who are building in secret. Are the ones who are almost masochistic with regards to what they spend. They aren’t cheap… just decisive with their time and their money.

They would say no to going out for a meal with friends if they’d already been out that week with them

They would say no to buying a new top that they’d wear once for a night out

And to be honest, being like that… IS EXHAUSTING

but,

It means they can save what they would have spent on that meal (so £30 in London…)

and they would save what they’d put towards the shirt (depending on quality £25-£50)

and put it straight into savings

Obviously if you have a family I understand it’s incredibly difficult to save

Kids destroy clothes all the time and they constantly grow meaning you always have to buy new clothes…

but my advice if you don’t have anyone else to think about apart from yourself (and maybe your partner)

IS TO SAVE

Not because I want you to be boring and controlled

but as my form tutor in my first day of high school said…

“Life is a bitch”

He said that to a group of 11 year olds, and at the time I was a bit shocked…

but it’s true.

If you start saving now (regardless of how old you are) you won’t regret it

You don’t lose the money so you can never regret it, because you can always change your mind and get that shirt if you want it

But making that conscious effort to save money…

Is what will make you money.

New post tomorrow,

Lis.

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Is it Better to be Employed or Self- Employed?

What Are Your Thoughts on the Matter?

So life is one of those things where you can have as much choice as you want (within reason…)

What you do, believe it or not

is entirely up to you.

Whether it’s good, bad, neutral

whether it’s being your own boss or employed by a boss

It’s up to you.

I’ve been employed by multiple workplaces in my life, but am very excited to start the next chapter of my life

Which is to be self employed and running a business that I hope to share with you all in the future

But with being employed and self employed there are numerous pros and cons that need to be taken into account…

From when I’ve been employed by companies I’ve always had the security of being told what to do

which sometimes…is quite nice…

It means you can switch off from the world and just do what your told for the paycheck at the end of the month

However, that’s the problem I had with this line of work

I didn’t feel passionate about it in the same way I would if I were to be calling the shots and being hands on with the process of my own business

What I’ve started in the last month is nowhere near a business yet…

Its very much in it’s first stages

However,

the drive I have with it, I know it will be a business in the near future if I just push myself more

Now many might argue that I was just employed under the wrong line of work which to be honest, at the time I was… I was washing dishes in restaurants until 1am…

I can say now that I work as a chef it’s a lot better,

The only downside to it are the hours…

you never know if a family of 16 will walk in to eat 5 minutes before your shifts over, and rules state in my old work if it’s before the closing time- we have to serve.

That means a 12 hour shift with no break can easily turn into a 13/14 one unexpectedly…

Being self employed on the other hand is pretty much the same, but it’s your fault if anything goes wrong- if your business falls from under you because you made a bad choice

It’s on your head…

However, to be able to make that call in the first place is extremely liberating

so it’s a weird one…

neither one is right or wrong, like with life it’s just down to preference

but I’m curious…

If your reading this,

are you employed or self employed?

If you were to give yourself tips 5 years ago about working, what would you say?

New post tomorrow,

Lis.