If you’ve read some books on goal setting, you’ve probably read that only 3% of the population have written goals.
That statistic is often followed by something like “it doesn’t matter if this is true or not, the point is very few people write down their goals.” There is a need for that justification.
This “3%” comes from a study at Yale University in 1953.
The story goes, a Yale University class set goals. 3% of the class wrote them down, while the other 97% didn’t. Twenty years later, the researchers checked in on the classmates to find that the 3% with written goals had more wealth than the other 97% combined.
What an interesting study…the only issue is that it never actually happened.
Money isn’t what really matters.
Sure, you need money to accomplish some of your goals or to make your life better…or at least you think you do.
We all think we need more money, more stuff. But money is just money. Stuff is just stuff.
We all know material items aren’t what’s really important.
That’s easy to say, but how do you actually live it out? It’s hard to say “it’s just money” when your only car breaks down and you have to spend $2,000 on a new transmission. It’s hard to say “it’s just money” when you might not have quite enough for the rent this month. Likewise, it’s hard to say “it’s just stuff” when something valuable is stolen or when something you just bought gets messed up.
As I was preparing this article, an interesting thing happened that really challenged me on this…
You budget your money because it’s important to keep track of it.
You know the importance of tracking. You’ve seen how a dollar here and there can really add up.
What about your most important asset? Your time. It’s not replaceable like money. When it’s gone, it’s gone.
Do you know where your time is going as well as you know where your money is going? You’re about to.
Here’s how to budget your time like you budget your money…
Happy Veteran’s Day! And a big thanks to everyone in our military who are serving or have served.
This post is a little out of character for me, since it’s not about money or productivity. It is, however, about an important topic.
As an active duty military member, I have had many people ask me what the difference is between Memorial Day and Veterans Day. People often get them mixed up, or think they’re basically the same holiday.
I just want to take some time to explain the difference between the two holidays, and to explain what a veteran is…
Cash or credit? What do you use?
I’m a fan of Dave Ramsey, but I don’t think everyone has to be stuck using only cash.
I’m a fan of credit card rewards, but I don’t think everyone is responsible enough to use them.
So how do you really decide whether to purely use cash or whether to get some credit card rewards?
Here’s how you can decide for yourself…
Email can steal more time than almost anything else.
When you’re going through email, you’re on someone else’s agenda. You’re responding to their needs.
Sure, you wouldn’t be doing it if you didn’t get something out of it, but most of the emails you send are answers to other people’s questions, and responses to their needs. Even if you’re sending a decline, that still takes time.
I’ve written about email hacks before. I shared some important tips, so let’s do a quick summary and then get into three more tips that I’ve developed to stay in control of my inbox…
How much tax do you pay?
In America, it’s typical to pay about 50% if you include your income tax and all the sales tax you pay.
Of course, some people pay more, others pay less. Those in poverty often pay little to no income tax, while many rich people evade taxes through legal loopholes in the system. Therefore, the middle class is often left with the bill.
I’m not complaining, that’s just how it goes.
As a middle class American, you may be surprised to find out that you still pay less tax than much of the world.
See how you stack up in this infographic…
Stuff. It’s everywhere.
You have stuff you don’t use or need, and even stuff you forget you have.
Most of us have so much stuff that going through our garage is like shopping at a thrift store. All of the “oh yeah, I forgot about that!” and the “when did we buy this?”…you may even find that you’ve bought stuff that you didn’t even realize you already had.
The point is, you need to get rid of some stuff. Sell, donate, trash, or whatever…you need to declutter. That’s why you’re here.
Here’s a great method I’ve been using to get rid of 323 items over the last couple months…