New Beginnings, and The Future of Budgets Are Sexy

New Beginnings, and The Future of Budgets Are Sexy

new beginnings

Morning guys!!

So I have something to announce today that I’m super excited – and super scared!! – to share, but as we always do here on the blog I’ll be as transparent and real as possible with y’all, and hopefully by the end of it you’ll still want to be friends 🙂

This wild and crazy news that I still can’t believe I’m about to say?

I’ve decided to sell Budgets Are Sexy and help build out a new financial network about to launch, while at the same time still *blogging here daily* as I have been for the past 11+ years 😉

Since of course there’s no way I’m just gonna leave everyone hanging after so long!

As part of the partnership I’ve committed to being here at least for another 6 months (and hopefully more if everyone will still have me!), so in a way nothing is changing at all here since you’ll still see my pretty face day in and day out, while on the other hand everything is changing as I simultaneously focus on a new venture in hopes of making a greater impact in the community.

This company acquiring Budgets Are Sexy and who I’ll be working with to launch this upcoming project? The SoapBox Financial Network, a division of The Motley Fool whose mission is eerily close to my own: to help people become “smarter, happier and richer.” (the only thing missing here is “sexier” ;))

soapbox financial network

This may come as a surprise to many of you, particularly since I’ve been happily in the game forever, but when things align so perfectly that you just can’t ignore them, you gotta go with your gut and hope it’s the right call.

That said, here are some of the bigger lifestyle variables I’ve been considering, which will help explain why this all makes more sense for me right now:

#1. Freedom. It sounds weird, but handing over something that’s by all means considered an asset also feels incredibly freeing! There’s so many aspects to running a blog than just writing for it (accounting, sales, tech, marketing, growth!) that the idea of shedding everything you hate and focusing on only what you enjoy (for me – writing and community!), makes the whole proposition that much better. And as a practicing minimalist, it’s one less major thing to worry about and detach from too which I’m surprisingly okay with. I’ve come to realize I don’t necessarily need to *own* a project or thing in order to enjoy it, just so long as I’m given the opportunity to do so.

(Also – how crazy is it that you can even *sell* a blog?? It’s literally just my thoughts on a site out there, but technically once it starts making $$$ it doubles as a “small business.” So wild, right?)

#2. Opportunity. Speaking of opportunity 😉 I’ve been fortunate to have a number of them passed over to me throughout the years, and while many of them don’t end up making sense, there are times like this that match my strengths and desires so well that it makes my present situation look quite dull, haha… And that’s saying something since we have a pretty good thing going here!! But that’s the thing about opportunities – they can hit you when you least expect it, and if you’re not open enough to really consider them, you’re liable to live a life full of regret, or worse – always wondering *what could have been!* It’s hard to know whether it’s truly the right decision until after it’s done, but you do your best with the info provided you at the time, and right now that info is telling me to GO FOR IT or else I’d be a complete imbecile, haha… So this is me avoiding imbecilism! 😉

#3. Identity. This one’s a bit harder to explain, but I feel like I’ve been living two separate lives for so long that I now can’t tell which is the real one and which is the digital one, haha… Even though we’re one and the same! And while such is the nature of being an online blogger, I’ve noticed that I often prioritize the wrong version of me during the times when the opposite should be happening. Like when I was in the ER the other week to make sure I wasn’t dying (spoiler alert: I wasn’t!), but how all I could think about was how I was going to break the news on the blog and what would happen to it afterwards?! Instead of, you know, focusing on my health or family!! Not that they didn’t come up at some point, haha, but still – no bueno. So this is also a good step in helping me detach a little more in hopes of improved focus on the real me, even though of course the digital me will be tagging along forever 😉

#4. Collaboration! Man it’s been so long since I’ve worked with a good – and smart – team! Being solo has its perks, but I’ve sorely missed the camaraderie of working with others and building something bigger than ourselves… The last time I had this was when we turbocharged Rockstar Finance, and I think making this move will be a great way to recapture some of that magic from back then. Only now with the funding and resources to really blow it out of the water! And after touring the offices of The Fool the other day, I can confidently say our cultures are rather well aligned.

(Fun fact: these offices I toured were the same ones I visited almost 9 years ago when my blog was just starting to take off and they were interested in meeting! And now a decade later here I am partnering up on such a fun project! So surreal!)

#5. Capitalization. From the start of this blog on Feb 12th, 2008 to today, I’ve spent approximately 4,216 days in a row building the site – or a little over a quarter of my life (!!!). And while I never set out to make any real money off it, the thought of the site one day getting shut down or hacked, or again – God forbid something happening to ME where I can’t maintain it any longer! – it’s nice to be able to capitalize on all the hard work over the years while I’m fully present and able to set up a legacy plan for my heirs. Not that I think about death every other second or anything, just every hour! 😉

#6. Change. You might have noticed this, but I’ve also gotten pretty complacent on the blog over the years as evidence of my ever increasing sabbaticals, haha… So this acquisition makes for a good time to spice it up more too and shock me out of my comfort zone. Even though it IS rather cozy here going with the flow and not really challenging myself!

#7. And lastly of course, The Financials 🙂 Which I’m not gonna lie – does play a major role here. The mission and the community of the blog have always come first, which you can tell from me never monetizing much on the site! ;),  but receiving a large chunk of money certainly adds to the excitement.  How large exactly? Well, unfortunately I can’t divulge the true numbers due to the nature of contracts and legality (though believe me I fought for it, even though I lost!), however I *can* tell you the purchase price was in the low to mid 6 figures, and it’ll be pretty hard to miss in our next net worth report 😉 It also comes with a substantial salary that’s hard to hate as well, so between that and everything else listed above it puts us in a great position to hit financial freedom even sooner, while having the right mindset – and freedom – to enjoy it then. Not that we’re still anywhere close to it, haha…

So there it is!

The news is out of the bag and officially in motion now – eek!

I hope you’ll give it a chance and see how it feels!

I’d write you a whole treatise on how much y’all mean to me and why none of this would even be possible without you (both true stories), but seeing how this isn’t even close to The End and I’ll literally be back tomorrow with a brand new post, haha, I’ll save those parting words for another day well into the future 😉

For now, just know I appreciate y’all more than you’ll ever know, and I thank you from the bottom of my heart for always encouraging me and reading the blog!! We still got a lot of financial gospel to preach, so let’s keep the party going!

Yours in finance forever,

j. money signature

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PS: I still own my Twitter and email accounts (@BudgetsAreSexy // budgetsaresexy @ gmail (dot) com), so feel free to reach out directly anytime! Or through my personal weekly newsletter if you want to stay even more connected: jmoney.biz/newsletter

 

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[Prefer to get these blog posts *weekly* instead of daily? Sign up to my new weekly digest here, and get other thoughts on life/business/money as well: jmoney.biz/newsletter]

from Finance https://www.budgetsaresexy.com/new-beginnings-and-the-future-of-budgets-are-sexy/

3 ideas, 2 quotes, 1 question

3 ideas, 2 quotes, 1 question

3-2-1

Morning!

My boy James Clear just came out with a clever new newsletter, and I thought I’d be a bit cheeky today and copy it for a fun little blog post 😉

Here’s the idea behind his latest endeavor:

“Every Thursday, I send out my “3-2-1” newsletter with 3 ideas from me, 2 quotes from others, and 1 question for you. The goal of each 3-2-1 email is to share the most wisdom per word of any newsletter on the web.”

Now I can’t say my post here will contain the most wisdom per word on the web, haha, but let’s try it out and see what happens 😉

3 Ideas From Me

I. $1,000 checking account buffer. Melanie Lockert (DearDebt.com / Lola Retreat) recently asked how much people recommend keeping in their checking accounts, and my answer to that was a flat $1,000. Enough to shield you from stupid little mistakes that inevitably pop up, but not so much where it’s impossible to start or keep topped off! It also doubles as an excellent mini emergency fund and helps you sleep a little better at night. (Just make sure you’re not someone who spends everything they see! Otherwise chop off one of the zeros and go for $100 to protect yourself from yourself 👀)

II. $20 monthly donations to places you care about. I’ve talked about this one before, but I just added the 6th organization to my list of donations and I can’t tell you how EMPOWERING (and EASY!) it’s been since implementing this idea! I tend to be good at donating and raising money when it’s a *project* I’m working on (see: Love Drop and The Community Fund), but it’s always been a personal struggle doing it consistently in my offline world until recently when I realized *automation* is just as powerful here as it is in the other areas of finance. And now just a short while later we’re up to $160/mo and getting closer to my ultimate goal of 100 organizations to give to! Woo!

III. Calculate your Lifetime Wealth Ratio (LWR). Ever wondered how much you have left out of all the income you’ve earned over your lifetime?? Get a quick reality check by dividing your net worth by the total income earned that the Social Security Administration has for you (or your own records if you’re a super nerd!), and that will give you the ratio you’ve kept. Anything from 0%-10% is suboptimal, and anything 50%+ is sublime. It’s not an exact science by any means, but it sure does put things in perspective faster! Then use it to fuel your motivation.

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2 Quotes From Others

I. From Sophia Amoruso, author of #GIRLBOSS and one of the richest self-made women in the world:

“Treat your savings account like just another bill. It has to be paid every month or there are consequences.”

II. From Mookie Wilson, former Major League Baseball outfielder and coach remembered as the Met who hit the ground ball that rolled through Bill Buckner’s legs in the bottom of the 10th inning of game six of the 1986 World Series:

mookie wilson dinosaurs

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1 Question For You

This weekend we’ll be wrapping up an old month and moving into a new one.

What’s the ONE thing you can do this next month, that by doing so makes your finances exponentially better? Or less stressful?

There’s a great book that deep dives into this if you need some help zeroing in – “The ONE Thing” – but try your best to really think about it as 20% of the things you do usually make for 80% of your success.

Good luck, everyone! Make those dinosaurs proud!! 😉

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To learn more or sign up to James’ new newsletter as I just did, click here.

 

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[Prefer to get these blog posts *weekly* instead of daily? Sign up to my new weekly digest here, and get other thoughts on life/business/money as well: jmoney.biz/newsletter]

from Finance https://www.budgetsaresexy.com/3-ideas-2-quotes-1-question/

Danilo Milovanović: acts of resistance to the alienation of public space

As promised earlier this week, here’s a few notes about Danilo Milovanović, a super talented artist whose work i discovered at the Fotopub, the festival of young art and “unconventional curatorial gestures” which took place in early August in Novo Mesto, Slovenia.


Danilo Milovanović, Spontaneous Installations, Prague, Czech Republic. Photo courtesy of the artist


Danilo Milovanović, Note.Link.Transfer, 2019. Photo: Janez Klenovšek for Fotopub

Invited back to Novo Mesto for a solo show after winning the Fotopub Portfolio Prize last year, Danilo Milovanović was presenting a research on the relationship between the various phenomena visible (but often overlooked) in the public space and their exhibiting potential.

It was rather unusual for him to have his work exhibited in the safe, white setting of a gallery. Because his works are inspired by the privatisation of public space and natural resources, they tend to feel more at ease in the street.

His public space interventions are playful and smart. Poetic and subtle. With just a few strokes, a space, object or situation gets a new depth and significance. You might pass by one of his works and fail to detect its existence but once you’ve spotted Milovanović’s small alterations of the urban landscape, you can’t help but mull over their socio-political meaning.

Milovanović doesn’t have a website at the moment so i’ll simply list below some of his actions of resistance to the capitalist-consumer invasion of urban space:


Danilo Milovanović, Plastic makes it static, Novo Mesto, Slovenia, 2017. Photo courtesy of the artist


Danilo Milovanović, Plastic makes it static, Novo Mesto, Slovenia, 2017. Photo courtesy of the artist

In 2017, the artist filled hundreds of discarded bottles of water with the same amount of water the fountain on a public square in Novo Mesto could hold. He then filled the deactivated fountain with bottles full of authentic water from the fountain, highlighting how excessive packaging and our careless reliance on ‘convenience’ bring about the threat of fresh water depletion.


Danilo Milovanović, Product, Novo Mesto, Slovenia, 2017. Photo courtesy of the artist


Danilo Milovanović, Product, Novo Mesto, Slovenia, 2017. Photo courtesy of the artist

That same year, Milovanović also collected some of the brand labels glued on imported fruit sold in Novo Mesto supermarkets. He then pasted the stickers on the growing fruits of a living tree. “With this, I wanted to achieve ‘branded’ fruit effect before it became recognized as an ‘edible product of nature’ (a quote from one of the labels),” he wrote. “The work presents a provocative comment on the consumerist policy of the food industry.”


Danilo Milovanović, Cultivation, Celje, Slovenia. Photo courtesy of the artist


Danilo Milovanović, Cultivation, Celje, Slovenia, 2018. Photo courtesy of the artist


Danilo Milovanović, Cultivation, Celje, Slovenia, 2018. Photo courtesy of the artist


Danilo Milovanović, Cultivation, Celje, Slovenia, 2018. Photo courtesy of the artist

Last year while he was in Celje (Slovenia), he gave some nobility to the plants that have grown up from gaps or damages in urban infrastructures. Usually perceived as unwelcome weeds, these plants don’t benefit from any kind of respect or care. Unlike the plants people grow in their apartments or on their balcony for decorative purposes. Milovanović put clay pots around street plants, emphasising their presence and intrinsic value.


Danilo Milovanović, Switch, Ljubljana, Slovenia. Photo courtesy of the artist


Danilo Milovanović, Switch, Ljubljana, Slovenia. Photo courtesy of the artist


Danilo Milovanović, Switch, Ljubljana, Slovenia. Photo courtesy of the artist

For Switch, the artist collected the fallen leaves of two trees growing in the center of Slovenia. He kept them in bags in his studio until the summer came back. As soon as the trees turned green again, he returned the foliage under on of the trees, creating an absurd situation that hinted at a problem that is less apparent in urban settings than in rural areas: global warming and the upsetting of natural cycles.


Danilo Milovanović, The Ślimak Project at Katowice Street Art Urban Sound 2019


Danilo Milovanović, The Ślimak Project at Katowice Street Art Urban Sound 2019

Hearing that homeless people in Katowice were using abandoned cars as living spaces, Milovanović transformed a minivan, modelling it on a squat with basic elements of furniture inside and flowerpots and storage boxes outside. The Ślimak Project was both an artistic object and a functional dwelling for the most invisibilized actors of society. Although the original installation offers a certain amount of usability, there are no rules to use it or add or adapt the structure and its content. “The installation is not meant to be a commercial, public attraction, but the very opposite, an intriguing phenomenon in public space.”

I could go on and on, telling you how Milovanović planted trees in front of all the advertising signs on a given street to hide the advertising; or how he joined two green spaces separated by a concrete road in Prague with a grassland-shaped surfaces, creating a continuous ‘organic’ path that remained at the site for eight months. But i’ll stop here and hope his portfolio gets a proper online home soon.


Danilo Milovanović, Re-post, Prague, Czech Republic. Photo courtesy of the artist


Danilo Milovanović, Spontaneous Installations, Prague, Czech Republic. Photo courtesy of the artist


Danilo Milovanović, exhibition Opening: Note:Link:Transfer at Prešernov Trg 8. Photo by Janez Klenovšek, Fotopub Archive


Danilo Milovanović, Note.Link.Transfer, 2019. Photo by Klemen Ilovar, Fotopub Archive


Danilo Milovanović, Note.Link.Transfer, 2019. Photo by Klemen Ilovar, Fotopub Archive

Previously: A collection of pre-9/11 memorabilia, meditation with a bit of Anthropocene thrown in, etc. This was Fotopub 2019.

from Finance https://we-make-money-not-art.com/danilo-milovanovic-acts-of-resistance-to-the-alienation-of-public-space/

Do you hate/suck at giving gifts like I do?

Do you hate/suck at giving gifts like I do?

girl with red balloon

Hey guys!

So I’ve been emailing back and forth with an amazing reader here, and it reminded me just how terrible I am at giving gifts and how I want to be better 🙂

She includes a few good ideas here that I can start working in, but if anyone else would like to chime in and share their tips I’m all ears!!!

And I should clarify – I’m good at *physically* giving the gifts, just not so much coming up with the super thoughtful “I can’t believe you did this – how did you know this is my dream thing I’ve always wanted all my life??” type of gifts 😉 Though admittedly I also never really try too hard either, haha.. Problem #1!

Here’s the note that got me going, in response to our post Monday on spending money to improve your quality of life:

For me, it’s not so much things I buy (I’m not good at judging if something I buy will genuinely improve my life), but instead it’s usually trips I go on that change my life.

Beyond that, I’d say it’s gifts I buy for others. It’s funny; for some reason it bothers me when I hear of others giving people really expensive gifts – it seems irresponsible somehow – but it’s my giving Love Language, so I of all people should understand the compulsion. There’s nothing I love more than to find out what someone really wants and to make it happen for them. Particularly if it’s something they would never be able to afford on their own or would feel right about spending that kind of money on themselves.

I never go into debt for gifts, but as long as I have the money, I have no problem putting down a few hundred dollars on just one gift for someone if I know it’s something they truly want (and will appreciate it). If someone isn’t grateful or simply just doesn’t care about gifts, I won’t waste my money. But for a giver, it’s the best thing ever to find people who love getting gifts, because then we are both happy!

I keep a running list on my phone, so if someone makes an off-hand comment about something they would like to have ‘someday’, I try to make a note of it to get for them later if they don’t get it for themselves. My current gift in the works is a sky-diving experience for my dad. 🙂 – Leah

“There’s nothing I love more than to find out what someone really wants and to make it happen for them.” – so powerful!! And exactly the type of person I want to become!! Already started a page in my notes app to start tracking these overheard things, but I think it’ll take more than that for me to really get good at this…

“If someone isn’t grateful or simply just doesn’t care about gifts, I won’t waste my money.” – I think that’s problem #2 for me 🙂 Not that I’m not grateful or appreciate any gifts I receive – it really is a kind gesture! – but it’s just that I don’t *enjoy* getting the gifts and then most times having to feign excitement, typically at Xmas or birthdays 😦

It also doesn’t jive too well with the minimalist side of things, and I never want people to feel like they *have to* give gifts just out of tradition either. I’d much rather just spend *time* with you, especially if you don’t even have the means to exchange gifts, or worse – are in debt! (Oooooh maybe that’s a great gift idea for people?? Sending in debt payments on their behalf?! ;))

Although I will say, gifts that come *out of the blue* I do tend to enjoy as they’re usually things people overhear just like Leah was saying which is always magical to receive. Like books or music, or even a framed $10 bill when your blog hits its 10 year Blogaversary!!!

10 years blogging

(How thoughtful was that?? Thanks again Thrivent!)

Here’s a follow up message Leah sent after I expressed just how much I admired her and wished I could be at least 1/10th as good, haha…

Just so you know, I’m not always coming up with lavish gifts for people… It really just depends on the person. I’m giving a retired teacher friend of mine some old-time radio shows that we’d talked briefly about and are in the public domain. That costs me nothing.

One day when my mom had a rough day at work I made her a ‘card’ (just a single sheet of paper, really), and bought four little gift cards to go with it.

But yeah, gift-giving is in my blood; it’s who I am. And as a result, I’ve even extended this same ‘match-making’ between gift and giftee to strangers! I did a gift exchange through the mail once for Nanowrimo, and since I had the real name of my exchange partner, it wasn’t at all difficult to find her social media profiles and see what she liked. Then I went to Amazon and customized her gift package to represent who she was.

I know that level of detail may seem a bit stalkerish, but it’s just my attempt to let no gift go to waste. I think no one should ever have to say about a gift, ‘Well, it’s the thought that counts.’ That’s just sad. A gift is special; sacred, almost. A chance to show how much you really know about that person; to represent the true level of a relationship in your life. It doesn’t have to be expensive at all – it can be free, or even an experience or some of your time or a favorite food – but it should be (I feel, anyway) personalized to that person.

In fact, I feel so strongly about the importance of giving, and knowing that people don’t always have the time to put into planning these things, I had considered making it a Fivver gig once. You know, pay $5 and some information about your person and the budget you have to spend, and I will send you some suggestions? That sort of thing. I don’t think I did it right though; either that or I had no takers. 😛 But it would have be fun. 🙂

Good luck on your next gift giving experience! Hopefully you can start to enjoy it a little more seeing it through their eyes.

“I know that level of detail may seem a bit stalkerish,” haha… the one time where it’s totally appropriate 😉 And admirable!

So yeah – how do you go about being more like Leah here, or is it one of those things where it’s *in your blood and who you are* or not?! I have to think it’s a habit just like anything else and simply requires some good ol’ fashion practicing, but curious to hear what you all do to be better at this and/or even appreciating the *receiving* end of giving too.

For extra credit – how do you cope with sending thank you notes as well??? Haha… Now those I REALLY hate doing! Again not because I’m not thankful at all, but it always just feels forced like you HAVE to do it simply out of etiquette. Instead I’ve been calling and texting my friends thanks and trying to be more genuine about it, but the wife still gives me side eye around it and considers it half-assing 😉 Just like when I give people cash but who hates getting that??!

So please – help me reform and pass along all your amazing tips so we can make this world a better place! And if you hate/suck at gift giving too, share that as well so I know I’m not alone 😉

I literally have to pick up two birthday gifts this week for people, so I can start implementing your tricks here right away, haha… Or everyone’s getting cash!!

 

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[Prefer to get these blog posts *weekly* instead of daily? Sign up to my new weekly digest here, and get other thoughts on life/business/money as well: jmoney.biz/newsletter]

from Finance https://www.budgetsaresexy.com/do-you-hate-suck-at-giving-gifts-like-i-do/

You don’t need to know exactly how you’re going to make a million dollars…

You don’t need to know exactly how you’re going to make a million dollars…

hustle sticker

Here’s a quick thought for you to marinate on today:

“You don’t need to know exactly how you’re going to make a million dollars, you just need to figure out how you’re going to make more than you’re making today.”

My blogger friend Stefanie O’Connell shared that recently, and thought it was a brilliant reminder to take it step by step and not get so hung up on the long play as we often do which tend to make us want to quit before we even get started…

But working towards smaller – incremental – goals day by day such as income??! MUCH more do-able! And all still lead towards that Big Hairy Goal at the end, only with hundreds of little wins under our belt to keep us motivated 🙂

(Though of course I have to add a caveat here that just because you EARN more money doesn’t mean you actually HAVE more money! Haha… We all know people who are good at spending whatever’s in their account whether it’s $5.00 or $500,000 😉 So if you are going to hustle and bring in more over the months, please do yourself a favor and actually BANK IT so it counts! And then of course, don’t touch it.)

Here’s a list of 75 ways to earn extra money btw, for all those new to the site:

J’s Side Hustle Series

Some of my favorites in particular are:

It can take a while to find something that sticks, but when it does it does!! And there’s only one way to figure it out – keep putting yourself out there and experimenting 😉

So here’s to experimenting more and taking it step by step! You don’t need to know exactly how you’re going to make a million dollars, you just need to figure out how you’re going to make more than you’re making today.

 

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[Prefer to get these blog posts *weekly* instead of daily? Sign up to my new weekly digest here, and get other thoughts on life/business/money as well: jmoney.biz/newsletter]

from Finance https://www.budgetsaresexy.com/you-dont-need-to-know-exactly-how-youre-going-to-make-a-million-dollars/

A collection of pre-9/11 memorabilia, meditation with a bit of Anthropocene thrown in, etc. This was Fotopub 2019

Already in its sixth edition, the Fotopub festival invaded once again a series of mostly disused spaces in Novo Mesto: a crumbling hotel, a school swimming pool left empty by the Summer holiday, a green lawn by the cathedral, etc.

Fotopub not only puts a sleepy Slovenian city on the international art map, it also encourages the development of art by young talents and creates a space for independent research, experimentation and unconventional curatorial gestures.


Exhibition Opening: Is it? by Luca Marcelli, Peter Kolárčik, Michael Kelly, Rok Hudobivnik, curated by Deja Bečaj at Hotel Windischer – Fotocubs Mentorship Programme. Photo by Janez Klenovšek, Fotopub Archive


Mark Farid, Poisonous Antidote. Photo by Klemen Ilovar, Fotopub Archive

This year, the Fotopub program of performances, music and exhibitions attempted to “address how the divergence between fiction and reality becomes a tool of manipulation for the construction of collective and individual identities through visual and popular cultures and information technologies, all conditioned by extreme capitalism.”

Fotopub has little means but plenty of ideas that makes it stand out from other Summer festivals. First, there’s the setting: Novo Mesto, a small city with a river (you can actually swim in) called the Krka, an oil painting by Tintoretto inside the cathedral (if that’s your thing) and a lovely old town center. Then there’s a mentoring program that enables young artists who had volunteered during previous editions of the festival to come back the following year and exhibit their own work. Finally, the organizers also invite back some of the artists who had participated to Fotopub in the past, a way to catch up with their work and follow their trajectory. This year’s returnees were The Cool Couple, Thomas Kuijpers, Mark Farid -whom i interviewed a few months ago- and Danilo Milovanović who’ll get his own story later on this week because he’s that good.

Let’s start with Thomas Kuijpers’ massive assortment of pre-9/11 memorabilia:


Thomas Kuijpers, When the Twins Were Still Beautiful, 2019


Thomas Kuijpers, When the Twins Were Still Beautiful, 2019, Novo Mesto. Photo by Janez Klenovšek, Fotopub Archive


Thomas Kuijpers, When the Twins Were Still Beautiful, 2019. Photo: i-D


Microsoft Flight Simulator (v3.0) via moby games


Thomas Kuijpers, When the Twins Were Still Beautiful, 2019. Photo by Klemen Ilovar, Fotopub Archive

A few years ago, Kuijpers stumbled upon a painting of the New York skyline featuring the Twin Towers. The description only said ‘painted before 2001’. The artist was deeply surprised by the contrast between this image of the standing monuments and his memory of the footage of the collapsing towers on tv. Such was the shock in the Western world and the power of the media that the repeated images of the falling towers has replaced initial representations of the World Trade Center in our minds.

Kuijpers bought the painting. From then on, he started an ever-growing collection of pre-9/11 memorabilia. Posters, tshirts, books and puzzles of course; but also snow globes, mugs and plates, film excerpts and even a bathing suit and a bottle of a discontinued soda. The artist’s most prized acquisition is a copy of the computer program Flightsimulator from 1988. The cover of the package features the Twin Towers and an airplane.


Thomas Kuijpers, When the Twins Were Still Beautiful, 2019


Thomas Kuijpers, When the Twins Were Still Beautiful, 2019. Photo by Klemen Ilovar, Fotopub Archive

Over time he also filled a photo album with portraits of visitors who had just reached the top of the Twin Towers.

The World Trade Center is a symbol of the world before the War on Terror, before the paranoia, the islamophobia. But also a symbol of a culture that celebrated the excesses of capitalism and glorified finance.

By the way, if you happen to own any interesting object or photo of the Twin Towers in their former glory, do get in touch the artist.


Performance: Karma Fails by The Cool Couple at Kapiteljska Cerkev. Photo by Janez Klenovšek, Fotopub Archive


Performance: Karma Fails by The Cool Couple at Hostel Situla. Photo by Janez Klenovšek, Fotopub Archive

Nowadays even U.S. marines and London bankers get trained in meditation. Uprooted from its Buddhist foundations, meditation has grown into a lucrative industry. It has also become corporate culture’s best friend: it increases the productivity and well-being of employees, allowing the company to make savings on medical insurance and conveniently releasing mental strain while never questioning the rat-race culture that caused stress in the first place. What’s wrong is not capitalism, what’s wrong is inside your head.

Today meditation has become an effective biopolitical device for keeping a growing percentage of people busy and smiling at life while the world burns around them,” writes The Cool Couple.

Just like business managers at Google and Goldman Sachs manipulate meditation to keep their employees happy and compliant, The Cool Couple uses the ancient Eastern practice as a tool for critical thinking, a language that helps “deconstruct the pervasive visual stereotypes of capitalism in the Anthropocene.” Every morning and every afternoon during Fotopub, the artists set up meditation sessions on the grass outside the cathedral or on a wooden terrace. I was extremely reluctant to enter one but curiosity got the better of me and i joined the group on the last day of the festival. It starts like what i assume is your standard meditation class, with breathe in breathe out lingo and invitations to let your body ‘melt’ into the ground. Once we were totally relaxed, the soothing voice of the meditation instructor started inserting into her instructions invitations to visualise the current state of our planet and our role in the depletion of its resources and in global heating. The experience managed to be both very calming and slightly disturbing. Yet, at the end of the session i could see that other participants were absolutely delighted and wanted to repeat the experience. I’m still as unenthusiastic as ever about meditation but i must admit that The Cool Couple’s take on the practice is cunning and worth the hour i spent on that little yoga mat.


Mila Panić, Saša Tatić and Đejmi Hadrović, Rocking Chairs, 2019. Photo by Janez Klenovšek, Fotopub Archive


Mila Panić, Saša Tatić and Đejmi Hadrović, Rocking Chairs, 2019. Photo by Janez Klenovšek, Fotopub Archive


Mila Panić, Saša Tatić and Đejmi Hadrović, Rocking Chairs, 2019. Photo by Janez Klenovšek, Fotopub Archive

One of the most interesting moments in the festival for me was Mila Panić, Saša Tatić and Đejmi Hadrović‘s series of “performative installations.” Every afternoon, they installed rocking chairs and carpets in the middle of the city main square and invited people to debate on various social, political and economic urgencies. I didn’t attend all the sessions but i followed with great interest the one that invited the participants to reflect critically on the Fotopub festival, on the economics of art events in general and on the general public’s lack of interest for contemporary art. What elevated the conversation beyond the usual complacent chit chat was that the 3 performers relentlessly pushed us to investigate the role and value of the art world as ruthlessly as possible. Which led us to some exchanges and self-examinations we might not all have been completely comfortable with.


Michael Kelly, Feedback Loop, 2019, at Hotel Windischer – Fotocubs Mentorship Programme. Photo by Janez Klenovšek, Fotopub Archive


Michael Kelly, Feedback Loop, 2019, at Hotel Windischer – Fotocubs Mentorship Programme. Photo by Klemen Ilovar, Fotopub Archive


Peter Kolárčik, Not Giving Shape to Ideas, 2019, at Hotel Windischer – Fotocubs Mentorship Programme. Photo by Janez Klenovšek, Fotopub Archive


Exhibition Opening: Is it? by Luca Marcelli, Peter Kolárčik, Michael Kelly, Rok Hudobivnik, curated by Deja Bečaj at Hotel Windischer – Fotocubs Mentorship Programme. Photo by Janez Klenovšek, Fotopub Archive

The Fotocubs Mentorship Programme is an informal educational programme led by the Fotopub Team. A group of last year’s volunteers are invited back to Novo Mesto to have a mentored group exhibition(s). The festival’s big THANK YOU to the international art students who had given their time over the past edition. This year, a group of six art students was trying to answer the question, “What do you see when you close your eyes?”

Each of the Fotocubs works had something meaningful to convey but i was particularly interested in Peter Kolárčik’s series of interviews with young artists who, after graduating from an art academy, had suddenly decided to leave the art world. In the conversations, he gets them to explain why/how their ambitions and priorities changed.

Michael Kelly put old tape recorders in circles as if they were having a conversation up there on their battered wooden plinths. 3 of them record the conversations around them. The other 3 play them back. They share a single tape and after a couple of hours, the accumulation of voices and messages accumulate into a noise that has lost both meaning and sense of humanity.

More images from Fotopub 2019:


Exhibition Opening: Turborage by The Cool Couple at Mestni Park. Photo by Janez Klenovšek, Fotopub Archive


Exhibition Opening: Turborage by The Cool Couple at Mestni Park. Photo by Janez Klenovšek, Fotopub Archive


Exhibition Opening: Poisonous Antidote by Mark Farid at Glavni Trg 6. Photo by Janez Klenovšek, Fotopub Archive


Night Programme with Kukla, or Kукла, Visuals by @BeamTeam. Photo by Janez Klenovšek, Fotopub Archive


Night Programme. Photo Janez Klenovšek for Fotopub


Spit roast dinner and night programme at Beach Bar Loca. Photo by Janez Klenovšek, Fotopub Archive


Thomas Kuijpers, When the Twins Were Still Beautiful, 2019, Novo Mesto. Photo by Janez Klenovšek, Fotopub Archive


Thomas Kuijpers, When the Twins Were Still Beautiful, 2019, exhibition opening at Hotel Windischer, Novo Mesto. Photo by Janez Klenovšek, Fotopub Archive


1999 The Oracle Told Me I’d Fall in Love with the One, 2019, installation view, Novo Mesto. Photo by Janez Klenovšek, Fotopub Archive


Michael Kelly, Feedback Loop, 2019, at Hotel Windischer – Fotocubs Mentorship Programme. Photo by Klemen Ilovar, Fotopub Archive

from Finance https://we-make-money-not-art.com/a-collection-of-pre-9-11-memorabilia-meditation-with-a-bit-of-anthropocene-thrown-in-etc-this-was-fotopub-2019/

Cool new product (and giveaway) –> Budgeting Stickers!!

Cool new product (and giveaway) –> Budgeting Stickers!!

Budgeting Stickers!!”>budget bear stickers

Heyoooo!!!

Got a cool new product to pass along your way today, particularly for those who love some journaling/scrapbooking/good ol’ sticker fun 😉

They come from my friend Michael Murphy who invented those Investing Journals we featured earlier in the year, and this time around he’s set his focus on helping people get excited about (and actually STICKING TO) their budgets more – quite literally! He’s calling them Budget Bear Budgeting Stickers, and you can see a smattering of what they look like below 🙂

But before we get to all that, let me announce the winners real quick of last week’s book giveaway — Quit Like a Millionaire, which turned out to be a super popular drawing as over 300 of you entered for it! And rightfully so as it’s a great book! But alas we only have two copies to hand out, and the lucky new owners of those two are….. dum dum dum… MK and Linda (Commenter #118) – Congrats, guys!  Hope they get you both to a milly faster!

And now back to these baller stickers…

The Budget Bear Budgeting Stickers

Per my friend —

“The Budget Bear is a fun sticker book guide to help a person create a new budget using stickers with guided instructions and examples. Other sticker pages help a person use stickers to figure our their net worth, spending habits, and other fun random budgeting stickers. The Budget Bear contains 10 pages total with over 1400 unique stickers in each booklet.”

1,400 stickers!! All around finance!!!

Here’s more about them below, along with examples of what they look like…

budget bear sticker pack

budget bear stickers - spending

budgeting stickers

 

budget bear stickers - commiting

budget bear stickers

budget bear stickers - net worth

budget bear habit stickers

More from the Budget Bear website:

The Budget Bear Habit Stickers are designed to be used with any journal, notebook, planner, or calendar. You simply follow the instructions on each page; then use the stickers as labels writing in your specific information for each step…

Use these budgeting stickers to make budgeting fun, and to create a budget that you can actually keep. Building better spending and budgeting habits is key to growing your personal finances.

FEATURES INCLUDE STICKERS FOR:

  • Spending Assessment
  • Create a Personalized Budget
  • Tracking and Commitment Stickers
  • Credit / Debit Card Label Stickers and Receipt Stickers
  • Spending Matrix to Learn about your Spending Habits
  • Net worth assessment stickers to learn how much you’re worth on paper
  • Monthly Labels & Variety of Star and Coin Stickers

 

Price for the stickers: $24.99, currently discounted down to $17.97!

[UPDATE: Michael just hooked us up with a 15% off promo code making it even CHEAPER for anyone who’s interested! Just enter “JMONEY” at checkout to get it, or if you’re on mobile click to view the summary and you’ll find the place to enter it there before paying. Hope it helps!]

Learn more/order them here: Budget Bear Budgeting Stickers

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Wanna chance to win a free pack of these??

Answer this question below in the comments or via email, and I’ll randomly select THREE of you to win your very own financial sticker book 😉

What’s the one area you SUCK at with budgeting??

And for extra credit – what’s the one area you ROCK to help make up for all that sucking?? 😉

Send in your answers by midnight this Friday, August 30th, and you’ll automatically be entered to win… U.S. only for this one, unfortunately…

Good luck!! And keep on creating FUN new ways to get people excited about this stuff!!! Never know what will click and change someone’s financial life! Pass this to anyone you think might be helped by it!

*****

PS: Michael hooked me up with some free stickers and compensation for sharing this today, though I would have gladly done it anyways because BUDGETING STICKERS!!

 

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[Prefer to get these blog posts *weekly* instead of daily? Sign up to my new weekly digest here, and get other thoughts on life/business/money as well: jmoney.biz/newsletter]

from Finance https://www.budgetsaresexy.com/cool-new-product-budgeting-stickers/

When spending money improves your life!

When spending money improves your life!

$100 dollars

Morning!

So I’ve been spending a lot of money on something lately, and after weeks of trying to figure out why I’ve been so perfectly fine with it I’ve finally figured it out 🙂

These things I’ve been dropping money on??

  • Electric lawnmower
  • Electric hedge trimmer
  • Electric weed wacker (that came with an electric snow blower!)
  • And then most recently – an electric chain saw 😉

Total spending = roughly $700, minus some coupons.

Now at first I thought I was just being a good home owner and picking up the necessary tools to maintain a lawn since I hadn’t owned any in years, but the part that really got me was that I wasn’t just going out and buying the cheapest base models I could find like I typically do, but instead I was picking up the more expensive – and modern! – versions packed with rechargeable batteries and all!

My wife laughs because she expected me to take my time and scour yard sales every weekend for the best deals which is usually my m.o., but something about that shiny new equipment spoke to me and turned me toward a different course…

What were they saying??

“Pick me up, baby, and let’s get this party started!! You know you’ll have way more fun using US every weekend vs those environmentally nasty tools from last century! Charge me up and let’s start prettying up that lawn!!!” Haha…

And for the first time in a while, I listened to those brand new items wooing me over and do you know what started happening??

I ACTUALLY STARTED GETTING *EXCITED* TO MAINTAIN THE LAWN!!
And now I’m out there approximately 10x more than I ever have been! Haha…

Of course, it also helps that we’ve got a beautiful landscape to be poking around in and a hella fun riding lawn mower left by the previous owners, but picking up these tools have turbocharged my motivation which is generally pretty hard to do.

I’m not a garden/lawn guy in the least 😉

But that’s the thing with money sometimes. Sure it’s good to stack and invest it, but other times it can be harnessed to improve areas of your life as well! Especially with those you struggle with, like for example lawn care or perhaps cooking or organizing or grooming or 100 other areas we have to tackle in life as an adult. It might take a little money up front than you’d normally spend, but if it enhances your life noticeably then it just may be worth it!

Here are other things I’ve caught myself spending on over the months that have gone on to increase my productivity levels:

  • Brand new measuring cups and spoons (my old mismatched/non-complete sets inherited over the years drove me crazy every time I went to use them!! To the point where sometimes I wouldn’t even bother cooking because it was such a hassle to find exactly what I needed!)
  • Higher-end pens that actually work all the time and feel good on the fingers! (and by higher-end, I really mean those that cost a couple of dollars each vs a couple of cents 😉 Like my all-time favorite Uni-Ball EYE Rollerballs!
  • Faster laptop upgrades instead of eeking them out to the point of frustration (Wow what an impact this has had on my daily life!! Even just laptops that are 20-30% faster due to age completely improves your efficiency!)
  • Non-cheap electric razors… (very important for the ‘hawk ;))

And these are just a few I can think off my head…

Point is, it’s perfectly fine to spend money on things that enhance your life vs hoarding it all the time. You don’t want to go overboard and enhance EVERYTHING as you’ll be left penniless, but do your best to not be so hard on yourself or lie awake riddled with guilt just because you picked something up that’ll go on to make your life better.

Other things that fall in this category btw are books, self-improvement courses/classes, certain foods or beverages that fulfill your soul, quality shoes and clothes, date nights, and pretty much anything else that helps make you a better YOU over time and/or increases your quality of life. Again, all within reason.

We may be $700 less rich now w/ all our fancy equipment, but my goodness do I now enjoy getting out there and tackling God’s green earth more! I might have been fine without it, but it definitely wouldn’t be as exciting… And if my interest waned, who knows – maybe we would be more tempted to hire it out and go well beyond the $700 one-time spending! The couple of estimates we got from landscapers said they’d charge around $75/pop, and that was just for the mowing… You tack on the weeding and whacking and trimming and sawing and I’m sure we’d be in the mid-$100’s. For something I can now happily just do myself with a charge of a battery 🙂

So all that to say that I’m now a proud lawn maintenance guy, and I’m not going to feel bad for splurging a little to get to this point. The more annoyances you can cross out of your life just by spending a few bucks, the better!! You can’t buy yourself out of everything, but the few things you can – so long as you can afford it – the better.

Here’s a pic of my lovely (matching) equipment if you’re curious… They’re all from Greenworks and you can interchange a lot of the batteries which is cool (UPDATE: Forgot to include the chainsaw – d’oh! But it basically looks like the rest – bright green and black, haha…)

greenworks lawn tools

(Probably not good to buy them used, fyi though, since you wouldn’t want to get over-worked batteries that you then have to replace which cost half the price of the actual tools themselves! So that’s the only downside I’ve come across so far with these… That some day you’ll need to replace them. But again, since you can use the same batteries for many of the tools it should help prolong that if you do pick up more than one… Oh, and you’ll also want to make sure that whatever batteries/tools you do get that they last long enough for the job you’re trying to tackle, which for the most part should be fine if you have typical-sized yards and needs… Ours last more than enough to get the job done in one charge.)

When was the last time you picked something up that greatly improved your life or productivity?? Even though it may have been expensive??

Are you sleeping okay at night from it?? 🙂

*****
*Links to Amazon above are affiliate links…

 

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[Prefer to get these blog posts *weekly* instead of daily? Sign up to my new weekly digest here, and get other thoughts on life/business/money as well: jmoney.biz/newsletter]

from Finance https://www.budgetsaresexy.com/when-spending-money-improves-your-life/

“What should I do with an extra $2,000?” + other fun $$$ questions…

“What should I do with an extra $2,000?” + other fun $$$ questions…

gold money

Goooood Friday, everyone!!!

Have a good week with your money over there??? Pay off any nasty debts or lingering responsibilities? Score any extra cash that you’re just waiting to put to good use??

If it’s the latter you’re in luck today as I answer a bunch of good Q&A’s from readers, including one around applying extra funds 🙂 Hope this helps!

*******

Sup J$!

What should I do with an extra $2000?

It was originally earmarked for something but due to a change in circumstances, I’ll have it available. My Roth is funded for the year, I’m contributing to a HSA, my 401k, I have an emergency fund.

Some considerations – stick it in Vanguard? Help out a friend or friends who are down on their luck? Help out stranger(s) – donate? Save it – indefinitely (aka retirement)? Towards a new vehicle (mine is 7 years old, will like need to update by the 12 year mark)? Towards the next trip/vacation? Use it to pay a friend’s way on a trip? (We are talking northern lights 2020 – tbd Canada or Iceland or ?)

What other suggestions might your or your readers have? If they were to pick a few from above, how would they split the money? If they were to share the money with friends, how would they do it? Slip cash to them? A gift card to a place you know they’d use it (Walmart Target Grocery Store)?

Thanks!

Excellent questions and a good problem to have, my friend!!

But like I always do, I’m going to fake answer it and pose the question back to you by simply asking: “what excites you the most??!” Saving and investing? Helping others? Blowing it all on cotton candy?? (Kidding, sort of…)

The more FUN it is for you to direct it towards something, the better odds it’ll fulfill you enough and keep you motivated. So long as it’s going towards *a* goal of yours vs frittering it away. Especially if it’s “free money” you weren’t counting on before!

But yes – happy to share it on the blog and get you more direct answers on it in case it pushes you one way or the other 😉 If I were forced to make a call I’d just sit on it for a while and stare at it every few days to really enjoy the spoils before unleashing it to the world, haha… And then probably divert 75% towards investments and 25% towards helping the world/friends…

Would be a fun situation to be in!

*******

Hey J. Money… I figured out my net worth and I’m not worth a damn! LOL! Just kidding. Once my car note and student loans are gone it will look prettier.

How often do you look at your net worth? Also how often are you looking at your retirement portfolio? I look at mine 3 times a year to make adjustments. I work for the federal government at the moment. But starting to put money in Vanguard account so at the end of the year I can do a mutual fund. In the ne tworth…

If you have a rental property that is making you money where do you put that at? The extra income for the year per se? Thanks!

– Jessica

Hey Jessica! Good job tracking your net worth!! I like to do it monthly because I don’t budget anymore and it helps keep me accountable, but I know others who do it quarterly or even just twice a year, so really depends on what will motivate you the most 🙂

Since I track our investments in the net worth that’s when I look at those as well. As for rental property, you’d put your mortgages if any, along with the value of the place in net worth, but cash flow stuff stays outside of it – just like your salary or any other incomes streams would. But of course that stuff is SUPER important as well, so it would be tracked elsewhere like in a budget or retirement spreadsheet or something.

I’ve seen some people have one master spreadsheet that held their budget, net worth, and retirement calculations all rolled into one so you get a glimpse of everything – so maybe that can be an option for you? The cash flow stuff would still be factored into your net worth btw if it ends up getting saved/invested/etc, it just depends on what you DO with all those income streams that affect your overall worth. If you blow it all on beanie babies than you wouldn’t see an increase at all 😉 So that’s why it’s good to track that stuff separately and then see it naturally flow into your net worth if used wisely…

My thoughts, anyways.

*******

And then here are some good questions I was asked in an older interview from last year whose blog is unfortunately not around anymore 😦 The average lifespan of a finance blog is only 1-2 years!

Each month you give an update of your net worth. Why did you start doing that? Any forecast of what it’ll look like in 5 years?

Yup – on Month #123 in a row now! One of the best things I’ve ever done for my money as it gives me an overall view of how everything’s going, and you can usually tell what areas you’re rocking and what you aren’t which keeps you super accountable. Seeing someone else’s net worth for the first time was just a game changer for me (shout out to My Money Blog – one of the first blogs I ever read!), so the second I started my own blog I knew I’d be sharing the same and I haven’t stopped since. And in fact, we now have over 500 other bloggers in the space being just as transparent as well! Pretty incredible!

As for 5 years from now, I honestly couldn’t tell you, haha… I’m great at living and thinking in the *present* but horrible about forecasting the future. Just because so much changes in life and dreams, especially when you keep popping out kids like we are (#3 is due any week!). I can tell you though that we’ll be continuing to save and invest as much as we always have, and God willing our net worth will continue to climb just the same… If that happens, we’ll be over the million dollar mark and maybe even pushing $1.5M? Who knows… As long as I wake up happy each day that’s what matters the most 🙂

UPDATE: We’ve since had baby #3 (now 15 months old!) and we’re on month #138 in a row now of tracking our net worth, presently at $940,412.06.

*******

What were some lessons you were taught growing up that you appreciate now?

There were two main ones constantly brought up in our family, one from my mother and one from my father (although growing up of course we didn’t always follow them ;)):

#1) You don’t need to buy everything *new*! My mom was/is the queen of frugality, and I swear half of our stuff – if not more – came from yard sales and thrift stores. She was raising a family of 5 on a shoestring military budget, so she def. had to stretch those dollars far.

#2) Whatever you do, make sure you’re getting your FREE 401(k) matches from your employer! This one was brought up multiple times by my father once we were all old enough to work, and despite it being engrained in our heads early on we still failed hard 🙂

Once it finally clicked though and I saw the money continue to RISE and never go down, it was mind boggling as usually at that age you just deplete stuff, haha… $100 turned into $1,000 and then $5,000 and then $10,000, and I’ve been contributing to my retirement accounts ever since! Maxing them out every single year, even – the one and only main goal I ever give myself.

*******

What are some lessons you hope to pass onto your kids?

That you can live a life on your OWN terms and not have to do what everyone else around you is doing (or buying)! We’re so caught up in this “American Dream” of the 9-5 work life and buying a home and having 2.5 kids etc etc that it’s hard to sometimes step back and really ask yourself what makes YOU happy in the end. Especially if you’re going to spend so much of your life *working* towards these goals!

So the #1 thing I want to teach my kids is to be more *conscious* about their actions and dreams, and let them know that they can set up a lifestyle that they truly enjoy themselves vs just chasing what everyone else is. I also want to teach them that no matter what is going on in their lives to always be kind and loving people and never apologize for it even if it’s not appreciated. This world needs as much love as it can get, and no matter how down we might feel some days others have it much worse!

*******

What’s an app, a book, and a podcast/blog (either one, or both if you’d like) that you’d recommend to someone who wants to improve their financial literacy?

I really like the book “Essentialism” by Greg McKeown right now. Not necessarily a financial book per se, but one that really gets you to stop and focus on WHAT YOU TRULY WANT in life and to start moving away from all the nonsense that detracts from it. Whether that’s a healthier personal life, career life, financial life, love life?, anything really… We do so many unnecessary things in our days, and often times we don’t even realize it because they’ve become habit! So this book – at least for me – was instrumental in opening up my eyes and clearing the path for a more efficient and happy lifestyle.

I also like the items on this list here I’ve added to over the years as well: Stuff I Recommend

*******

Happy Weekend!!

j. money signature

Past Q&A’s over the months:

 

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[Prefer to get these blog posts *weekly* instead of daily? Sign up to my new weekly digest here, and get other thoughts on life/business/money as well: jmoney.biz/newsletter]

from Finance https://www.budgetsaresexy.com/what-should-i-do-with-extra-money/

Do you think we’re about to enter a recession?? Does it matter?

Do you think we’re about to enter a recession?? Does it matter?

stock market screen

Lots of talks lately on whether we’re about to enter a recession or not, so thought I’d throw it out to y’all and see what your thoughts are on it 😉

Personally I’m not smart enough to know whether it’s coming now or later or never, but if I had to guess I’d say it’s definitely NOT never, with my second guess being that it’s coming sooner than later.

But the real question at heart is – does it change anything?? Will it affect your personal finances and/or future goals? It surely matters to the world and all those who will go on to lose their jobs/houses/etc (definitely not wishing that on anyone!), but as it relates to you particularly – how would it change how you manage your money right now? And what moves are you making (if you are?) to adapt to this possible future?

Been thinking a lot about this lately, and honestly I don’t think I’d change much. I’d be a lot more cautious and try saving more / splurging less, but outside of that I feel like I’ve got a good handle on things, at least within my control. And job-wise it would actually be a BOON if a recession hit as it’s the one time everyone and their mother actually CARES about this $$$ stuff!! Haha…

Were you all around/old enough to remember the last recession when everyone was freaking out?? Hardly anyone had enough savings banked or enough incomes to tide them over and people were scrambling all over the place… Not a pretty sight. I’d like to think most of them have learned from it and are sitting pretty now with large savings cushions, but odds are they’ve forgotten and slipped back into their carefree ways 😦 Even the news outlets barely talk about saving or budgeting anymore!! It’s not sexy until it’s mayhem!

Another side effect of recessions of course is how stocks get pummeled and everything goes on fire – even though they’re literally the same exact stocks/companies and the only thing that’s changed are emotions! This is an area I lucked into myself during the last recession as it just happened to be when I finally had extra money to invest and so I took full advantage…  Particularly within my 401k plan when I jacked it up to 100% contributions to get the ridiculous 100% match (!!!). If it wasn’t for my heavy investing back then I’d literally have about a half or 2/3’s less in my net worth as I do now. No joke. It’s an insane buying period, and even better if you’re brave enough to hold tight throughout it all!

Not that I’m wishing for a recession or harm to anyone that typically follows, but with all crises there’s always opportunities to take advantage of if you’re mentally and financially prepared for it… Maybe a crash is right around the corner or maybe not, but hopefully you’re at least *thinking* about it and what it means for the future of your money/lifestyle while you have control over things… History proves time and again we’re not the best when making decisions in the heat of passion! Gotta get those game plans percolating now!

My quick thoughts on things, anyways…

What’s your take on the direction of the economy?! Think a recession’s coming or couldn’t care less? What are your plans of action if one is around the corner?

No need to share with us if you don’t want to, but promise to at least marinate on it all so you don’t get caught with your pants down… Not that that also wouldn’t be fun, but that’s a topic for another day 😉

Here’s to financial security no matter what’s looming!

 

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[Prefer to get these blog posts *weekly* instead of daily? Sign up to my new weekly digest here, and get other thoughts on life/business/money as well: jmoney.biz/newsletter]

from Finance https://www.budgetsaresexy.com/do-you-think-were-about-to-enter-a-recession-does-it-matter/