Archive for February, 2008

A move to success: the power of motivation

I’ve been a fan of motivational literature since I was a teenager. I’ve always  liked reading books about empowerment and change, but I’d never bought motivational tapes or anything like that. Well, not until I turned 21 anyway.  That year I bought a CD program from one of the best-known motivational speakers in the world and I have to say, the change wasn’t like a lightning strike. It was more like a river, in which the tide slowly starts to turn. And it really wasn’t long before my life started to change markedly.

I’d already made the first big change myself, getting out of a bad relationship with my first `love’. But my life was not really going forward. I wasn’t enjoying the work I was doing and I had this nagging feeling I was at a crossroads in life. I was looking down the barrel of an `okay’ career, probably basing myself in the same town for good. It wasn’t a bad life by any means but it wasn’t the one for me.

So I ordered the CDs. Everybody mocked me for doing this program, but I was determined to give it a go anyway.

If nothing else, listening to the CDs forced me to look at what I really wanted out of life. The program asked me to list my goals, what I wanted and what my timeframe was. Initially  I wrote down a lot of stuff that I clearly didn’t really want – not in the short term anyway (eg big cars, luxury homes), but I thought that was the stuff you were `supposed’ to aim for.

In between all the stupid stuff I wrote, I actually started to make some sense. I really decided the biggest change I wanted to make was in my career. And whether or not I already believed I could do it, I realised I actually should go back to university and study something completely new.

I told a friend I was thinking about doing a degree in nursing. She asked me why I wanted to do nursing, when I `obviously had the brains for medicine’. I’d never thought about it. Well, I might have had the brains (debatable!) but I certainly never had the drive. I did well at school but I could have done a lot better if I’d actually devoted my energy towards school instead of part-time jobs and parties.

I thought about it and realised I liked the idea of nursing but I would really love to become a doctor. So I looked into what I had to do to make that happen. I won’t lie. It was daunting. I’d needed to make up some chemistry and mathematics subjects from high school (I had studied the creative arts strands like Journalism and Film and Television Studies). Even then, I was unlikely to be accepted in to any of the incredibly competitive undergraduate degrees straight away. I was probably going to have to do another degree first. And then there were the interviews and exams … and all the other testing stuff that I had always avoided when I was younger.

Yet I did it. I did night school for a year, then did 2 years of a medical science degree before being accepted to med school (a 6-year undergrad program). And now I’m in my final year, with my final exams behind me. It seems hard to believe that I am nearly done after so much time … that I am nearly a doctor.

It seems my life will be vastly different to how it would otherwise have turned out. As an example, even this year, as a final year student, it seems likely I will travel overseas (at no personal cost) to attend a medical conference. I can’t imagine that happening in my old life.

As an aside, I now love every day at `work’. I get to meet people and help them through the best and worst days of their lives. I know how privileged I am.

Looking back, I have to wonder what role all of the different motivational books, and the CD program, played in my career turn-around. I know this is a personal finance blog, and this post has been all about motivation. But I do also wonder also what role the motivational literature have played in my turnaround to financial responsibility. Would I have continued to live paycheck to paycheck forever? Would I ever have looked seriously into investing? Would I have bought a McMansion and spent my working life trying to afford the repayments? I’m not sure, because I fear many of us buy stuff because it’s what we think we should want, regardless of whether or not it is really right for us.

I know motivation books and programs are not for everyone. But in the context of my experience, in the future I wouldn’t think twice about making a relatively small outlay to take advantage of another person’s perspective on life. Whether or not it can be put down to a CD program – or that I bought the program because I was already at a crossroads and want to change my future, the result has been good. I have no regrets!

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Another day, another blog carnival …

So, since I have decided to put a bit more effort in to submitting to carnivals, I have already taken part in another one, this time hosted by BankerGirl.

This one is the Carnival of Money Stories, so head on over to check out some great submissions! I entered my post about being refused a credit card, and why I don’t really mind. There were heaps of good articles, but I especially liked this one from RacerX, in which he talks about the thousands of `small cuts’ that go into breaking the budget … and what to do about them.

I’m sleepy tonight but I did finish my frugal craft projects earlier so I’ll have to photograph them and share them soon.  

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I’m in a carnival … and I play NFL now!

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Geez, it’s amazing what you can do online. Despite never even seeing more than a handful of NFL matches (I’m an Aussie), I’ve made it to the Superbowl!

Well, the Superbowl of money matters anyway! This week’s carnival of Personal Finance is up at Paid Twice … so check it out. Apparently I’m a running back!

Anyway, I shared my post about our bid to get our car debt under $10K. Well, we made it and $8000 by the end of this month is our new goal.

There are heaps of other great posts, but my pick is probably one from Plan Your Escape, with 8 reasons smaller homes can be better than bigger ones. This is a topic close to my heart, because I’m attempting to streamline my life and my finances!

If you hadn’t noticed, I also finally made the effort to learn how to link (*duh!*). Welcome me to 2008, guys!

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A move to frugality

Well, it’s not like we are big spenders right now, so don’t let that heading fool you. But there are places in our budget where we could make some changes.

For example, I budget $200/week for food. Often we only spend $150. So I often just let the other $50 fritter away … on nothing. It’s like it’s not real money!

And we can be a bit poor about stuff like leaving the aircon on long after it’s cooled down at night, and generally acting as though money doesn’t matter when it comes to utilities. That’s okay but then I wonder why I fret for hours trying to figure out how to make more money when I’m not necessarily making the most of what we’ve got.

I’m currently trying to jazz up our interiors but am aiming to spend as little as possible. I had budgeted to buy a new corkboard and some photo frames for my son’s room. Then  I realised that I already had both of these at home. All I needed to do was paint the frames yellow and I’d have exactly what I wanted to buy for my son. And I could just wrap some fabric around the corkboard (which is falling apart right now) and hammer the frame back on, then jazz the whole thing up up with some animal motifs. Perfect!

Over the next week or so, I’ll show you the changes I make with a small amount of cash. This is all to coincide with my little one’s move into a bed this weekend! A big change deserves a few extra touches to make his room extra special!

… But not at all costs! I am going to monitor my spending a little closer and see where things can change in my regular expenditure.

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