Last week was all about…Hacking your finances
On the surface it might not appear to be the sexiest #HYLP Challenge, but personal finances are one of the building blocks of hacking your life’s system. The less you control your money, the less you’re able to make your own choices and decide your own path. I’ve learnt that over the years.
Ramit Sethi recommends splitting up your finances into four buckets:
- Fixed expenses (for all the regular bills and expenses)
- Investments (the money you put into your 401(k) and Roth IRA or RRSPs and TSFAs if you’re Canadian)
- Savings (the money you put aside for vacations, cars, weddings, etc.)
- Spending money (the cash you can spend on anything you desire once all the important stuff has been taken care of)
Once that’s taken care of, you can start controlling your money and start calling the shots. In other words, the richer you are, the more choices you have and that’s what the Hack Your Life Project is about.
If you want to know more about personal finance (and you should), I recommend reading Ramit’s book I Will Teach You to be Rich (Affiliate link). It’s well worth it.
#HYLP Challenge #19: RAK
How much does it cost you to be kind to others? The more you give, the more you receive, right? This week I’ll be practicing random acts of kindness. It doesn’t have to be much, as long as it’s selfless and you don’t expect anything in return. Some ideas include:
- Open the door for others
- Donate unread books or clothes
- Offer a couple hours of free babysitting
- Clean-up your neighbourhood
- Complain less
If ideas is what you want, you can find some here.
Why?
I’m not sure how much explanation this really need. The #HYLP is about hacking the programmable system that is your life. We’re often so self-involved, that we forget about others.
Open yourself to them and you’ll open yourself.
Past challenges
If you’re new here, on the first week of January I started the Hack Your Life Project. Each week I challenge myself to explore the details of the programmable system that is my life and stretch its capabilities, as opposed to most of us, who only prefer to learn the minimum necessary. I no longer want to breeze through my life, but take control of it.
These are the past challenges:
- Hack Your Life Project | Get rid of excess clothing
- Hack Your Life Project | Turn off the electronics
- Hack Your Life Project | Hello stranger
- And then…everything changes | The happyness metric
- Hack Your Life Project | Do
- Hack Your Life Project | Weekends and evenings
- Hack Your Life Project | Take a break
- Hack Your Life Project | Be decisive
- Hack Your Life Project |Set your limits
- Hack Your Life Project | Give a fuck
- Hack Your Life Project | Test your life
- Hack Your Life Project | Healthy mind, healthy body
- Hack Your Life Project | Back to basics
- Hack Your Life Project | It is what it is
- Hack Your Life Project | Workout daily
- Hack Your Life Project | Break a routine
- Hack Your Life Project | Life with a mission
- Hack Your Life Project | Hack your finances
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