More or Less?

One of my favorite authors is Dr. Suess. In his popular book “Oh, the Places You’ll Go” he states:  Life is one balancing act!. How true!

Usually, instead of balance I hear people talk about how they either have too much or not enough.  Let’s examine some of the factors that are experienced in these opposite positions:

Too Much:

1. Stress – First of all figure out what is really stressing you out. This is best done with a pen and paper.  List everything that “bugs” you and then number the items according to the power they have on you so that you know what to work on first.
2. Stuff – Many individuals think that having lots new and clean items around them would not constitute hoarding but how many screwdrivers or purses do you really need? The key is to figure out the difference between a need and a want.  Everyone needs food, clothing and shelter but excess is not a need – it is a want.  The easiest way to feel good about getting rid of things is to give them to someone who will appreciate them.
3. Debt – This week I heard someone say “If you have debt, you don’t have wants”. We all know that mortgages, lines of credit and credit cards are convenient but how much are these items really costing us in interest and financial freedom?  If you make coffee at home and carry it with you everyday, you can use the savings to knock years off your mortgage. Start today by never spending money unless it is a necessity and watch your net worth grow!

Not Enough:

1. Time – What is on your schedule? Are you keeping busy to avoid something or are you having problems with boundaries and saying “No” to others?  Maybe the expectations that you have for yourself are not realistic or healthy. Each of us has the same amount of time every day and the ability to choose what we are going to do with it.  Choose wisely.
2. Friends – As we age, we lose friends through health problems, moving and death. It is therefore important to learn how to build new relationships.  An easy way to do this is to find people who share the same interests as you have.  Take a cooking class, volunteer for a charity, join a group.  Soon you will meet many people who have the same values and commitment as you.
3. Income – This topic can be tied to #3 above. Many people think that they just need more income to pay off their debts and don’t consider other cost-saving measures.  If you truly do need more income, however, it is best not to pester your employer.  Think of a side hussle where you can use your skills on a part-time basis to fill the coffers.  Even better if your plan helps you to reach more than one goal.  I know, for example, people who choose to deliver flyers or newspapers because this helps them establish a routine, lose weight and earn money! 

What are the areas that you need to balance in your life?  Do you have a plan to deal with the too much or not enough

No better time than right now to address the issues!