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Disclosure
I’m not terribly commercial, but I do enjoy making money.
As such, it is safe to assume that any company, entity, corporation, person, place, thing, or other that has a product, service, post, or link has in some way compensated me for said product, service, post or link. That compensation–direct or indirect–may be in the form of money, swag, free trips, gold bullion, smurf collectibles, super-models, or just warm-fuzzies. That list is NOT in order of preferred method of compensation.
To reiterate: If it’s commercial, and it’s here, I’m probably being paid for it.
What motivates me financially?
This post was originally written for a blog swap run by the Yakezie personal finance blog network to answer the question “What motivates you to be financially responsible?“
This may not be the most original motivation, but I am financially motivated by my family. Before I had kids, I didn’t care much about money or “stuff”. My goal was to sell everything I owned and backpack Europe. Yeah, it’s a bit cliché, but that’s the way it is. I was also considering trying to live out of saddlebags while touring the country 1000 CCs at a time.
Now, I’ve got so many other considerations. Four, to be exact. A wife and three kids certainly change your perspective. If it doesn’t, you’ve got flaws that I can’t help you with.
When my family started, it was a huge wake-up call. Suddenly, I had responsibilities (cue scary music). Overnight, I had things to care about that didn’t involve a party, or instant gratification, or, well, me. Merlin the Stork floated down, waved a wand and Poof! I was a grown-up. This may not sound like much of a shock, but my wife and I had baby #1 when we were 20. Adulthood was still pretty new to us, and suddenly we’re parents?
As a grown-up, with three precious little monsters dependent on me for absolutely everything, I had to start worrying about their security. This was more than just keeping them physically safe. I’ve had to manage their emotional health, their physical needs, and their entertainment. They rely on me (and my wife!) for everything. How could I live with myself if I couldn’t put food on the table and a roof over their heads? Winter boots? Clothes without holes? Visits to the doctor? Have you ever noticed how much kids cost, even without considering the Japanese fad games and Barbie dreamhouses? Having a kid is like cutting a hole in your wallet and holding it over a blender nestled comfortably in a roaring fire fueled by napalm.
Then, after I’ve got them clothed, fed, sheltered, and entertained, I have to teach them how to be real people. I’m of the opinion that children in their natural state are little more than wild animals. Generally cuter, but that’s about it. It’s a parent’s job to train that ravenous little beast into an acceptable, successful person. Part of that consists of teaching the little brats how to start paying for their own clothes, food, shelter, and entertainment, and how to manage that without becoming a drain on society. Productivity and success can be defined a thousand different ways, but none of them include letting other people pay your way or borrowing money you have no intention or means of repaying. Ultimately, being an adult–being a successful part of society–involves recognizing your responsibilities and living up to them.
Caring for, providing for, and teaching my children the things I know provides me with an irreplaceable opportunity to watch them grow and learn, while giving me a chance to steer that growth. It is, without a doubt, the best, most satisfying, and most difficult thing I have ever done. The pleasure I get from raising my kids reinforces my desire to become the best person I can be.
Really, I just want to be the guy my kids think I am.
Let me check….
A few days ago, I asked a coworker if she wanted to go out for lunch. She said she’d have to check her bank account before she decided.
What?
If you have to check your bank balance to know if you can afford something, you can’t afford it. It really is that simple.
Now, strict budgets aren’t for everyone, but everyone should know how much money they have available to spend. If you don’t know what you have to spare, you need to set up a budget.
Period.
After you’ve done that, you can ignore it, with the exception of knowing how much you have available to blow on groceries, entertainment, and other discretionary purchases.
If you don’t know where your money needs to go, how can you determine how much you can spend on the things you want?
Carnival Roundup
Live Real, Now was included in the following carnivals recently:
Yakezie Carnival hosted by Consumer FU
Finance Carnival for Young Adults hosted by PF Carny
Carnival of Money Pros hosted by Savvy Scot
Carnival of Retirement #63 hosted by Midlife Finances
Yakezie Carnival hosted by Thirty Six Months
Carnival of Money Pros hosted by Making Sense of Cents
Carnival of Financial Independence #7 hosted by Reach Financial Independence
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Born to Launch
I’ve recently discovered something about myself: I like doing new things.
More to the point of this post: I like making new things.
I also like learning new things.
Unfortunately, once the newness wears off, I start to lose interest.
I’m a software engineer, so I regularly build new things and solve new puzzles. When a project gets into maintenance mode and the new stuff ends, I want to chuck the whole thing in the river and move on.
That carries over into other things, too. Start a business, lock down some skills, get some customers, then enter maintenance mode. Boring.
Pick up a new hobby, achieve a basic level of mastery, watch it stop being fun.
Play a new video game, get good at it, get bored.
It’s a flaw in my character and it’s a pretty serious flaw. Soon after I reach the point where I can fly with a new skill or project, I quit wanting to do it.
When it quits being new, it quits being fun.
When I pick up a new hobby, I get good at it, I get bored with it, so the setup equipment tends to collect dust.
Some of this is work stuff, which isn’t supposed to be fun. If it were, they wouldn’t call it “work”, they’d call it “happy fun time”.
Some of this could replace work stuff, but I’m not sure how to power through when I hit this particular wall. Just making money doesn’t keep something exciting. If I’m not excited, it’s hard to stay motivated, which is probably why I let the dishes pile up. (Sorry, honey!)
There is a good side to this flaw: I’m never bored. I fill notebooks with the things I want to do next, from blacksmithing lessons to building a foreign language learning site. I have absolute confidence that I’ll never be bored for long, and I’ll never be short of new ways to make money, but that doesn’t make me feel stable.
I have a need for stability, and I have a need for new. Finding that balance is a challenge.
Maybe I just need to launch things faster to build a bigger safety net. That would let me revel in the new without putting my lifestyle at risk.
