How Much is Enough?

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The fourth chapter of Your Money or Your Life deals with fulfillment.  It includes three questions that will assist you in clarifying what fulfills you.  The three questions are:

  1. Did I receive fulfillment, satisfaction and value in proportion to life energy spent?
  2. Is this expenditure of life energy in alignment with my values and life purpose?
  3. How might this expenditure change if I didn’t have to work for a living?

After asking yourself these three questions you will probably discover some expenditures that you would like to change or eliminate.  I still sometimes spend money on stuff that receives a “no” answer for one and/or two but doing this step helps me reduce such expenditures. The third question allows you to see that enough might be less if you didn’t have to work.

This is a brief summary of this chapter of the book be sure to read the book to get the full details.

Check out this $2000 Solar Homestead

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I came across this little cabin somewhere on the web a few weeks ago and really liked it. I would love to have a little cabin in the country and live in it. When I share my plans most people don’t grasp how small a cabin I’m talking about. When they do grasp how small a cabin I want they often compare my prospective cabin to the Unabomber cabin. Not the best comparison but I think his cabin would have been plenty big enough.

The cabin I have linked to is 400 square feet. I’ve lived in studio apartments that big so it shouldn’t be a problem to live in a cabin that size. Especially since it has a porch where I could spend a lot of time outside. I also like how the house is not dependent on any utility company for power or water. I’d just have to find a way to get Internet and I’d have everything I need. There isn’t a whole lot of information on the site since he is selling an e-book. It looks like the e-book contains a lot of other useful information. If I were closer to doing this I’d buy the book and I might just buy it anyway. Living in a cabin like this for part of the year would work great for my future semi-retirement plans. It would be a very frugal way to live.

Would anyone else like to live in a cabin like this or am I just crazy?

Where Is It All Going?

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The third chapter of Your Money or Your Life builds on the topics of life energy and tracking your money that were introduced in the second chapter and asks you to do three things.  It asks you to create a table of all your income and expenses organized by categories.  The categories you have are dependent on how you spend your money.  You also need to balance your monthly income and outgo totals. Also you should compute how many of hours of life energy you are spending on different categories.

I do the first step and sometimes do the second step but I think the last step is the most beneficial to those who are just starting to take control of their finances. This last step might cause you to discover that you are spending lots of life energy on categories you don’t really care about and not much life energy on categories you do care about.  This information is very useful in helping you change your spending patterns.

That is a very brief summary of this part of the book.  You really should check the book out from your local library or buy it to get the full benefit of this book.

January Investment Income- $53.58

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My investment income for January rose to $53.58 from $42.85 the month before. Although my investments went down I added enough new money to my portfolio to cause a nice increase in my investment income. Since I started tracking my investment income last April it has risen from $27.50 a month to the current figure of $53.58 a month. If I could continue to grow my income at that rate I wouldn’t have any trouble retiring in 10 years and living on my investment income. It isn’t likely that I’ll be able to continue that rate of increase but I will try to keep it increasing as much as I can. I’ll be adding more money to my investments this month but after that I probably won’t be able to add more money until the end of the year. Maybe my income will increase without my contributing more money.

Disclaimer:This is not my actual investment income. To get this figure I first add up my retirement accounts, emergency fund, and any other money I consider permanent savings. What the total of my savings would earn at 6% interest for a month is my monthly investment income.

Blogging by Phone?

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As many of you already know I plan to spend five months later this year doing a thru-hike of the Appalachian Trail.  This means that I will only have internet access about once a week when I get into a town.  In order to keep this blog reasonably updated and stay on top of my other internet ventures I’ll be spending a lot of my town time on the internet.  I suppose I could just let my sites slide while I’m hiking but that option doesn’t appeal to me.  I’ve spent a lot of time building them up and I don’t want to start that process over.  Also my sites are generating a decent amount of income that might be enough to cover the cost of my hike.

One solution I’m considering is carrying a phone that I can use to blog.  I won’t always have service available but I should have sufficient coverage that I could update my blog most days I’m hiking and then wouldn’t have an overwhelming amount of stuff to do when I got to town.  I know there are phones that are capable of being used to blog but I don’t have personal experience with any of them.  If any of you have used a phone to blog I would like to hear about your experience and what phone you would recommend. Thanks.