Young Fastlane Savers Club (Plant your fastlane seeds. NOW)

[Hassan]

I joined when I was 16. I'll be turning 21 in less then a month...

It's been a long time and it's frikkin awesome to be back. Anyways, I'm not here to give you my life story. But to share progress, and more importantly, propose two questions to the fellow young bucks (under 25s) on the forum.

a)How much of your income do you save?
b)And how much do you have saved up?


One of my main goals this year is to save over 75% of my monthly job income while I build my fastlane vehicle. It's going well so far. And If I continue at this rate I should be set for 9K saved up by the time I'm 22. Yeah, it's nothing major. But it's a decent amount of "F*ck you" money, and enough to plant some firm fastlane seeds.

Sure beats taking 30k loans out for a shitty college degree, don't you think?
I mean, here's how I see it...

Hardcore saving while you're young, kicks the absolute shit out of being 30 years old with little to no savings and no financial backbone.

Who here under 25 (I assume people over that age are already more money wise) wants to save along with me so we can hit the ground running once we transition into the fastlane?

Apart from having money in the frikking bank, you'll also learn some important fastlane principles on the way like:

*How to ruthlessly control expenses (essential for running any future business)
*Cultivating extreme discipline and training yourself to be process minded, instead of a pussy "event addict" who needs easy wins.
*Not bending to your social environment and following the slumbering masses. Most people our age love to spend and forget about saving. Don't be like them. Save. Let people call you cheap, develop some thick skin, and prosper later while they stay shackled to financed cars and mortgage payments.

You with me?

Good!

Post your saving goals for January 13/01/18.
Include how much you'll save per month to hit your target. Then post to this thread each time you add a chunk to your savings. Let's chip away at earning our freedom!

I'll go first

Goal for Jan 13/01/18:

Have 10K saved squirreled away. To do this I'll be stashing 250 out of 340/week, every week for the rest of the year.

Next...

 

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[Waspy]

Jan17:

How much do I save: Whatever is left after eating, sleeping, and breathing my fastlane startup.

Amount saved: About 9 months of living expenses.

Jan18:

How much will I have: Whatever is left after eating, sleeping, and breathing my fastlane startup.

In all seriousness though. I never put a goal on the amount to save, because what if I suddenly need to spend money (car repairs, business expense)? I'm either not going to hit the goal or not going to get the car repaired. It becomes meaningless to me.

I save what I can ensuring I live below my means, which for me is very easy given I am not materialistic nor frivolous. Plus my slowlane job pays enough.

 

[jon.a]

How to save...

Be frugal
Stay frugal

When I joined here, Mrs jon and I lived a modest life style. Since joining, our income has gone up 3-4x. We haven't increased our spending. Our passive is less than our expenses. Life is good.

 

[MJ DeMarco]

rate I should be set for 9K saved up by the time I'm 22.

Impressive. I don't think I had $10K saved up until my late 20's.

Have 10K saved squirreled away.

At some point you have to elevate your income. This is the only way to truly stockpile, otherwise you just become another Slowlaner imprisoned by a dogmatic saving regime. Nonetheless, once you do start making the big bucks, your saving discipline will make it so much easier, to the point you don't even feel constrained or limited.

 

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[G-Man]

When I joined here, Mrs jon and I lived a modest life style. Since joining, our income has gone up 3-4x. We haven't increased our spending. Our passive is less than our expenses. Life is good.

You're lucky that Mrs jon is on board. Mrs Gman is also very frugal and prefers a simple life. I am very, very fortunate.

For the younger guys, that's something important to keep in mind. Make sure you hitch your wagon to someone with the same priorities.

You'll never see a man more stressed out than the guy that has a huge nut to make every month because his family has expensive tastes.

 

[MidwestLandlord]

You're lucky that Mrs jon is on board. Mrs Gman is also very frugal and prefers a simple life. I am very, very fortunate.

Mrs. Midwest is the same way. She's a good woman, I think I'll keep her.

 

[Guest24480]

Count me in.. Just turned 22 this past week.

I graduate college in 4 months so I'm on the hunt for a decent paying slowlane job right now. I plan on holding one until my fastlane income exceeds my slowlane income.

In the meantime I'm going to either find a part-time job or hustle/freelance for cash. My main focus will be finishing up school and finding a decent paying job though.

It's so much easier to hit the fastlane in stride if you have some cash to work with. I've been thinking about saving up to invest in a multi-family home and rent out the other units so I can live rent-free. I can't do this without a steady income stream though so it will have to wait

 

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[biophase]

I'll go first

Goal for Jan 13/01/18:

Have 10K saved squirreled away. To do this I'll be stashing 250 out of 340/week, every week for the rest of the year.

Next...

I don't get it, $250/week x 50 weeks is $12,500. Won't you have $20k then?

Also, imagine how easy it would be to stash $250 away per week if you were making $1000 a week.

 

[Guest24480]

Also, imagine how easy it would be to stash $250 away per week if you were making $1000 a week.

This is why going to college can be beneficial if you can afford it or avoid lots of debt. It gets you a higher paying slowlane job which can then help fund your fastlane ventures.

 

[GPM]

I managed to save up about 15k by the time I was 20 (I'm 31 now, for reference) and blew the whole wad, and then some, on a crappy "education". I worked my arse off, and saved some off the top of every cheque I got. If I had a time machine I would go back and start actually learning and pursuing real education so much earlier. That money I completely wasted could have taken me so much further, and I would have actually gotten some satisfaction out of my working life, rather than dreading monday-friday and lusting for the weekend.

You are so far ahead of 95% of the population it isn't even funny! Keep your money as some seed money for when you need it. Educate yourself to opportunity and STRIKE when you can. I read it somewhere, "once in a life time opportunities come by every day". Continue to educate yourself so that you are able to see those "once in a lifetime" events and take em!

 

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[biophase]

This is why going to college can be beneficial if you can afford it or avoid lots of debt. It gets you a higher paying slowlane job which can then help fund your fastlane ventures.

My point was actually that he should start some type of side business this year instead of just trying to save $250/340 to hit $12.5k.

This is way too slow.

I understand that he is young, but this is not the most efficient way to do this. If he started a business that made an extra $1000/mo, then he wouldn't have to sacrifice to save so much.

 

[Ryan Wolf]

I joined when I was 16. I'll be turning 21 in less then a month...

It's been a long time and it's frikkin awesome to be back. Anyways, I'm not here to give you my life story. But to share progress, and more importantly, propose two questions to the fellow young bucks (under 25s) on the forum.

a)How much of your income do you save?
b)And how much do you have saved up?


One of my main goals this year is to save over 75% of my monthly job income while I build my fastlane vehicle. It's going well so far. And If I continue at this rate I should be set for 9K saved up by the time I'm 22. Yeah, it's nothing major. But it's a decent amount of "F*ck you" money, and enough to plant some firm fastlane seeds.

Sure beats taking 30k loans out for a shitty college degree, don't you think?
I mean, here's how I see it...

Hardcore saving while you're young, kicks the absolute shit out of being 30 years old with little to no savings and no financial backbone.

Who here under 25 (I assume people over that age are already more money wise) wants to save along with me so we can hit the ground running once we transition into the fastlane?

Apart from having money in the frikking bank, you'll also learn some important fastlane principles on the way like:

*How to ruthlessly control expenses (essential for running any future business)
*Cultivating extreme discipline and training yourself to be process minded, instead of a pussy "event addict" who needs easy wins.
*Not bending to your social environment and following the slumbering masses. Most people our age love to spend and forget about saving. Don't be like them. Save. Let people call you cheap, develop some thick skin, and prosper later while they stay shackled to financed cars and mortgage payments.

You with me?

Good!

Post your saving goals for January 13/01/18.
Include how much you'll save per month to hit your target. Then post to this thread each time you add a chunk to your savings. Let's chip away at earning our freedom!

I'll go first

Goal for Jan 13/01/18:

Have 10K saved squirreled away. To do this I'll be stashing 250 out of 340/week, every week for the rest of the year.

Next...

I opened my first business when I was 19 (I'm 23 now). I spent a few thousand that I had sitting uselessly in a savings account for years to start it. I was told by my dad and grandparents that I was stupid to risk thousands of dollars and that I'd be better off continuing to save it instead. That business had paid itself off in 5 weeks after opening day, though. It grossed $10k in the third month of being in business. I'm not saying that having cash in savings is a bad thing, but there are WAY better places for your money to be. Obviously I would've had a much harder time getting started without my savings....but I know now that I missed a big opportunity to make a lot of money by just letting it sit in my savings account for so long.

Let your money work for you.

Best of luck with whatever you choose to do, though.

 

[Phones]

I joined when I was 16. I'll be turning 21 in less then a month...

Same boat, joined at 16, 22 now.

One of my main goals this year is to save over 75% of my monthly job income while I build my fastlane vehicle

But it's a decent amount of "F*ck you" money, and enough to plant some firm fastlane seeds.

75% of your paycheck isn't going to magically turn into "F*ck you" money.

Yes, you need to save those 75% but to build your business/fastlane vehicle. The whole purpose of TMF is to explode your income early on and be savvy about it.

This is way too slow.

This.

a)How much of your income do you save?
b)And how much do you have saved up?

My life story so far is documented on this forum.

I started with 18/19, 1000€ in my bank account. Imported a few samples and started to sell them (not drop-shipping but similar so that my initial investment was around 100€).

I was in college back then, and stayed there until early 2016 when I was 100% sure my time was best spent working full time on my business. My situation was unique tho, my parents were paying for it (1000€/year tuition), 100k education wouldn't have even been on the table.

In the mean time, I built my ecommerce business, I improved my product, created a brand, learned the business (and keep learning) and developed myself.

My main point here is, keep doing what you're doing to sustain yourself, and try things. Burning boats and shit is great, but please put yourself in the right stream before you do so.


a) and b) My bank account was nearly empty early 2016 (I invested in inventory), my business made me around 150k net in 2016, my bank account is short 20k of that. Meaning, a part from a *nicer* car (used, 2007, paid cash), my expenses are exactly the same as they were before.

And see, I'm still not in the point of *YOLO*ing, while 150k is a nice sum, its main goal is to propel my business and my earnings into an higher ground. Now, I'm not going to burn 100k into the business just because I have it, but it sure allows me to scale better/faster by being able to try new things without fearing going bankrupt. The most interesting fact is, hadn't I been doing this for 3 years and learning along the way, no amount of money would help me go faster.


TL-DR Use those 70% to try new ventures, and build on that. The experience and maybe, the money, you will take out of that will be far more valuable than whatever you would have saved.

 

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[Hassan]

I managed to save up about 15k by the time I was 20 (I'm 31 now, for reference) and blew the whole wad, and then some, on a crappy "education". I worked my arse off, and saved some off the top of every cheque I got. If I had a time machine I would go back and start actually learning and pursuing real education so much earlier. That money I completely wasted could have taken me so much further, and I would have actually gotten some satisfaction out of my working life, rather than dreading monday-friday and lusting for the weekend.

You are so far ahead of 95% of the population it isn't even funny! Keep your money as some seed money for when you need it. Educate yourself to opportunity and STRIKE when you can. I read it somewhere, "once in a life time opportunities come by every day". Continue to educate yourself so that you are able to see those "once in a lifetime" events and take em!

@blackkramer Damn dude, 15k by 20 is insane. When did you start saving to get to that? By pursuing education what do you mean? I guess my desire for this level of savings stems from fear.

My mom isn't exactly rich, she's done the best she could. And as for my father, I can't recall receiving even a 0.01 from him. IMO I have no financial safety cushion, and I'm getting married next year (shes currently starting a photography side hustle while in college and is all up for the fastlane lifestyle). Simply having income isn't enough for me. I want to be prepared for anything.

Hope that clarifies my situation a little better!

 

[Hassan]

My point was actually that he should start some type of side business this year instead of just trying to save $250/340 to hit $12.5k.

This is way too slow.

I understand that he is young, but this is not the most efficient way to do this. If he started a business that made an extra $1000/mo, then he wouldn't have to sacrifice to save so much.

@biophase Forgot to mention that up until I started my job I launched my blog " F-bombmarketing", and was freelancing as a content marketer and writing for blogs, also did a couple of copywriting gigs.

At 19 it started to take off. I ended up earning between 200-300/week from my clients and worked with companies like shopify plus + growthgeeks -my biggest clients to date. But I made two fatal mistakes...

1. I stopped marketing to new clients (primary method was guest posting and applying on job boards, but I hate job boards as there isn't much control).
2. Freelancing paid good, and it left me with loads of time. Articles only took 4-6 hours a day, so I'd finish midday and squander the rest of my time wasting money getting high with friends. NEVER AGAIN. My monthly bank statements from that period literally read like this: Income £1200. Outgoing: £999. I never want go back to that. It was incredibly stupid.

By September 2016 - 1 month into starting my job - my clients kinda fizzled out. And here I am, dependant on my 50 hour/week job. URGH!

So, why don't I just snag more clients? The truth is...

I can't decide what to do...

At the moment I'm frustrated between picking two choices:

1. Guest post and apply on job boards again to quickly get clients and bulk up my weekly savings. It would be a dream for me to earn an extra 250/week and save 500/week for 6 months vs 250 for 12 months. Or even 500/week for a year. But this demands a sacrifice of the second option...

1. Option number 2: Scaling my blog into a fastlane medium by growing my traffic and subscribers. The problem is: aggressively guest posting on other top blogs is the only way (without spending $$$) I know to grow my blog. BUT, this leaves no time for client work. These guest posts could take 1-2 years to pay off. The last time I did this it took me a year to earn 1000 visitors/month (now died down to 300), but I didn't post as aggressively as possible.

If I take this option, I'm stuck with my 250/week for now. But it could pay off later...

I need to have a long hard think about this, what would you do in my situation @biophase ?

If anyone thinks one choice makes more sense than the other, feel free to throw in your 2cents, as I'm confused as FUARK.

Thank you all for your time!
God Bless

Hassan,

 

[Hassan]

How to save...

Be frugal
Stay frugal

When I joined here, Mrs jon and I lived a modest life style. Since joining, our income has gone up 3-4x. We haven't increased our spending. Our passive is less than our expenses. Life is good.

Yup, frugality is the goal. As I mentioned in another post, I would literally spend 90% of my freelance earnings doing stupid things. I justified this sidewalkian behaviour by telling myself "it's okay if I have nothing in there right now, maybe I'll snag a good client or two, or maybe a fastlane venture will explode my income at some point."

Pretty dumb to do that and not crack down on the actual venture now that I think about it!

 

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[Waspy]

@biophase Forgot to mention that up until I started my job I launched my blog " F-bombmarketing", and was freelancing as a content marketer and writing for blogs, also did a couple of copywriting gigs.

At 19 it started to take off. I ended up earning between 200-300/week from my clients and worked with companies like shopify plus + growthgeeks -my biggest clients to date. But I made two fatal mistakes...

1. I stopped marketing to new clients (primary method was guest posting and applying on job boards, but I hate job boards as there isn't much control).
2. Freelancing paid good, and it left me with loads of time. Articles only took 4-6 hours a day, so I'd finish midday and squander the rest of my time wasting money getting high with friends. NEVER AGAIN. My monthly bank statements from that period literally read like this: Income £1200. Outgoing: £999. I never want go back to that. It was incredibly stupid.

By September 2016 - 1 month into starting my job - my clients kinda fizzled out. And here I am, dependant on my 50 hour/week job. URGH!

So, why don't I just snag more clients? The truth is...

I can't decide what to do...

At the moment I'm frustrated between picking two choices:

1. Guest post and apply on job boards again to quickly get clients and bulk up my weekly savings. It would be a dream for me to earn an extra 250/week and save 500/week for 6 months vs 250 for 12 months. Or even 500/week for a year. But this demands a sacrifice of the second option...

1. Option number 2: Scaling my blog into a fastlane medium by growing my traffic and subscribers. The problem is: aggressively guest posting on other top blogs is the only way (without spending $$$) I know to grow my blog. BUT, this leaves no time for client work. These guest posts could take 1-2 years to pay off. The last time I did this it took me a year to earn 1000 visitors/month (now died down to 300), but I didn't post as aggressively as possible.

If I take this option, I'm stuck with my 250/week for now. But it could pay off later...

I need to have a long hard think about this, what would you do in my situation @biophase ?

If anyone thinks one choice makes more sense than the other, feel free to throw in your 2cents, as I'm confused as FUARK.

Thank you all for your time!
God Bless

Hassan,

If you lose the 50h/week job tomorrow, what happens?

Save $13,000 per year vs $26,000 is really neither here nor there. To me, it sounds like you want to build you blog. But honestly, I think you would do better (both short and long term) winning clients.

I'm also confused. You said you used to finish client work by 12:00, get high the rest of the time. Why can't you go get clients like you used to, then instead of getting high, work on your blog? Seems like a no-brainer to me.

 

[Hassan]

Count me in.. Just turned 22 this past week.

I graduate college in 4 months so I'm on the hunt for a decent paying slowlane job right now. I plan on holding one until my fastlane income exceeds my slowlane income.

In the meantime I'm going to either find a part-time job or hustle/freelance for cash. My main focus will be finishing up school and finding a decent paying job though.

It's so much easier to hit the fastlane in stride if you have some cash to work with. I've been thinking about saving up to invest in a multi-family home and rent out the other units so I can live rent-free. I can't do this without a steady income stream though so it will have to wait

Yeah, I think the most ideal thing for someone starting out without much cash is to work a slowlane job + a side hustle. Power save for atleast a year, then wisely invest your savings and time into a fastlane venture. But saving itself takes a lot of discipline. It's easier to spend than it is to save. I want to use this thread to help me build a habit of living frugally and saving. Feel free to join along @holmzee

 

[Hassan]

If you lose the 50h/week job tomorrow, what happens?

Save $13,000 per year vs $26,000 is really neither here nor there. To me, it sounds like you want to build you blog. But honestly, I think you would do better (both short and long term) winning clients.

If I lost my job tomorrow my only current income source would be swept out under my feet. It feels wrong to even type that out lol. But I want to stay at my job for atleast 2-3 years. I enjoy it and I like the routine it forces.

I'm also confused. You said you used to finish client work by 12:00, get high the rest of the time. Why can't you go get clients like you used to, then instead of getting high, work on your blog? Seems like a no-brainer to me.

Savings matter a great deal to me as I have no support If I were to go broke. Yeah, I was able to finish client work then because I didn't have a job and would start my client work at around 7-8am and finish by 12-2 am.

 

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[biophase]

Yup, frugality is the goal. As I mentioned in another post, I would literally spend 90% of my freelance earnings doing stupid things. I justified this sidewalkian behaviour by telling myself "it's okay if I have nothing in there right now, maybe I'll snag a good client or two, or maybe a fastlane venture will explode my income at some point."

If you don't change this it won't matter how much money you make anyway. You will always be broke.

If you've heard the bathtub analogy, you basically have a hole in your tub. The problem is that as the water flow is turned up, the hole in your tub grows. So no matter how much water is coming into the tub, it will never fill because the hole grows at the same rate. Learn to get that hole into a constant size first, or at least get it to the point where it doesn't grow as fast as the water flow does.

 

[Envision]

Good idea and at 22 I can relate to how you're thinking. I have a bank account I never look at that that direct deposits $250/paycheck from my job into an account. If you're trying to do this I would just automate it to an account you'll never see.

I've saved quite a bit of money but I spend it on opportunity. When I saved ~12k i bought an income property that lets me live for free.

When I saved ~6k I dropped it on blowing up my fastlane company that makes me 10k/mo now..

This is a good idea, but every savings account should have a purpose and you should be working on that purpose while the savings is accruing. My thought is you should get a direct result that improves your situation from spending those savings that will compound over time. Because you do actually lose money letting it sit in a bank account.

What are you going to do when you have your money saved?

 

[Hassan]

Good idea and at 22 I can relate to how you're thinking. I have a bank account I never look at that that direct deposits $250/paycheck from my job into an account. If you're trying to do this I would just automate it to an account you'll never see.

I've saved quite a bit of money but I spend it on opportunity. When I saved ~12k i bought an income property that lets me live for free.

When I saved ~6k I dropped it on blowing up my fastlane company that makes me 10k/mo now..

This is a good idea, but every savings account should have a purpose and you should be working on that purpose while the savings is accruing. My thought is you should get a direct result that improves your situation from spending those savings that will compound over time. Because you do actually lose money letting it sit in a bank account.

What are you going to do when you have your money saved?

@Envision That's what's been working so far. 250 out of my pay is automatically sent to my savings. 90 stays for my monthly expenses in my "disposable" account. I wish I had a fastlane company to invest money into, but I don't, yet. So I'll build my financial muscles until then.

Just curious but how did you encounter the pain that your company solves? Is it something you came across while working etc, or did you look for it?

This is one of my biggest issues.

 

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[LleixG]

I just turned 19 and I'm saving 90% of what I make as I live with my parents.

 

[Amon]

One of my main goals this year is to save over 75% of my monthly job income while I build my fastlane vehicle. It's going well so far. And If I continue at this rate I should be set for 9K saved up by the time I'm 22. Yeah, it's nothing major. But it's a decent amount of "F*ck you" money, and enough to plant some firm fastlane seeds.

I completely understand the battles you are facing, but I think you might be going about this in the wrong way. I am struggling in many ways that come with being young and inexperienced, but what I'm learning is, the right time to begin is absolutely now. don't focus your time on the best slowlane job/any of that nonsense. It's the fastest way to indoctrinate yourself. You shouldn't focus your efforts on "F*ck you" money, you should be focused on solving problems/providing value as well as following the invaluable advice you have just been given by very knowledgeable and successful people in this thread. Saving by itself is a losing game. Work on yourself and reread the book.

My point was actually that he should start some type of side business this year instead of just trying to save $250/340 to hit $12.5k.

This is way too slow.

I understand that he is young, but this is not the most efficient way to do this. If he started a business that made an extra $1000/mo, then he wouldn't have to sacrifice to save so much.

There are many ways to earn and save a lot more than 250 a week. You can reach your goals a lot faster but the fact is, you have to be willing to hustle.

I've found a really lucrative side hustle to be simply this -
1) go on craigslist/or go to your local Goodwill (any store of this nature will do)
2) pull your phone out - as you pass items that appear to be of good condition ( I have found china sets/sports jerseys to be the fastest selling)
3) pull up ebay on your phone
4) type that item into ebay
5) check sold listings tabs to limit your views to only what has been purchased recently
6) match prices, and if it sells for more on ebay (I have been aiming for about $3-4+ higher)
7) buy that item if good condition and list
8) collect more than $250 a week with 6 hours of work

or better yet check out the gold threads on this forum ----- this one has helped a lot of fastlaners
GOLD - Getting started is this simple...

Welcome back to the forum. The man himself commented in your thread, and there is more information to get you started than ever before. Don't stop saving, but don't stop doing either. What are you waiting for?

 

[biophase]

I've found a really lucrative side hustle to be simply this -
1) go on craigslist/or go to your local Goodwill (any store of this nature will do)
2) pull your phone out - as you pass items that appear to be of good condition ( I have found china sets/sports jerseys to be the fastest selling)
3) pull up ebay on your phone
4) type that item into ebay
5) check sold listings tabs to limit your views to only what has been purchased recently
6) match prices, and if it sells for more on ebay (I have been aiming for about $3-4+ higher)
7) buy that item if good condition and list
8) collect more than $250 a week with 6 hours of work

I'm going to make an old man post...

Back in my day... and I vividly remember the exact house... when my friends and I were in high school and needed money, we went door to door shoveling sidewalks and driveways during winter. I remember once we finished a sidewalk and walkway for this old lady and she gave us $1. Literally 4 quarters to split between 3 of us. We were expecting $5, but we hadn't talked price before hand. LOL.

Also, I remember selling cub scout candy door to door for $2.50 a basket. I bet they don't let kids go door to do anymore and now nobody would answer their doorbell anyway.

Seriously, you guys have it easy on hustling and making money!

 

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[G-Man]

we went door to door shoveling sidewalks and driveways during winter.

Did you have to walk uphill the whole way there AND the whole way home?

 

[Amon]

Seriously, you guys have it easy on hustling and making money!

The ice age must have been a rough time.

It might depend on location but I have a few friends that are still making money shoveling/raking door to door.

Since I was young I've been flipping items even before I knew that it was hustling, if it wasn't antiques now, it was gum in school for an extra 50 cents per pack. I think you might be surprised that the opportunity for resell was always there if you looked for it. Hustling isn't a new art.

 

[Hassan]

Just an update on my progress!

In 2 months it will be 1 year of working at my job, time is just flying by...

So what progress has been made?

I've still been saving aggressively. Reached 6k this month, which I'm ashamed to admit, is the most money I've ever seen in my bank haha (Hey it's still a milestone I guess, right?).

The target for Dec 30th 2017 is 10K saved.

Side note: I see guys at work and it scares me.

They've worked for 5+ years, and are still aboard the same financial treadmill. They still get drunk on the weekends all the time, and say "why save if you can't enjoy it now"...

F.u.c.k. that.

Na uh. I enjoy my job. But financial independence and control over my own life is paramount. I don't want to be on the same income when I'm 30, relying on a third party for financial security. I want my balls in my own court. And the ability do help those around me.

Back to the progress!...

I've also been working on improving my health too. For most of the year I let myself go and have accumulated a fair amount of fat. I've started tracking my macros & calories on my fitness pal. Slowly introduced some light jogs before work and some sweet o'le Sunday morning swimming.

Currently on a 40 day streak and have lost 6kg (around 12 lbs) so far, started at 84kg currently weighing 78.2kg. I love looking at the data and crunching the numbers on this app. It's like running controlled mini-experiments on your own freaking body...

Not only do you get a breakdown of your daily proteins, carbs, fats, and fiber, it also adds a numerically palpable feel to the cloudy concept of "healthy eating".

I gotta say, compared to 2 months ago I feel much MUCH better.

Might make a separate health progress thread about this, I don't know yet.

Where I'm slacking:

Side income.

Writing is still basically non-existent. But I haven't started marketing myself again, so what do I expect aye?

For now, I'm going to keep steady saving and improving my health for a couple of months. Will be marketing myself again in August.

Also trying to consciously read more and keep my brain nourished with solid literature - so I started tracking the hours I spend reading + what I book I read.

And that's it for now. I'm off for some swimming and meal prepping. Thank you for reading.

Peace,

 

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[Hassan]

I can't believe I started this in Jan. This year's almost gone...

It really does fly, doesn't it?

Kinda scary...

Fortunately, I've hit my 10k target, and I'm on track to end the year with 11k (after a couple of expenses).

Tracking daily expenses in a spreadsheet helps me tremendously. I've forged stronger financial discipline and have adapted to budgeting for those "wants" that aren't exactly "needs".

Also, my fiance has launched a "delivered" teaching side hustle. Not, it's not Fastlane, but sure as hell beats a min wage job. If the business grows at its current rate, she'll soon be outearning my weekly wage in half the time. So we can both jump on the saving bandwagon (for a little while anyway).

So what's the final savings goal?

To set up a 30k cushion before considering launching a "serious" business. But saving 1k/month feels snail-pace slow right now...Therefore, pushing this to up to2k/month is my new goal.

I plan on doing this by launching a teaching side hustle of my own, which is "delivered" GCSE English tutoring to be more specific.

The idea is to brand myself as an "English GCSE only specialist" and carve out a local niche of clients. Currently working through material related to what I'll be teaching, aiming to start marketing my services by December 30th 2017, and securing my first client by January 30th 2018.

Will keep updating my financial journey,

Thank you for reading
PEACE!

 

[sparechange]

Going to college is a 4+ year investment, not sure how you think that's a good idea

This is why going to college can be beneficial if you can afford it or avoid lots of debt. It gets you a higher paying slowlane job which can then help fund your fastlane ventures.

to coll