Today’s post is by guest contributor Kathleen Celmins. She has an awesome goal for you to commit to and a great system to make it a reality. I won’t steal her thunder, so read for yourself. I’ll add some comments after she’s done.
Do you make resolutions?
You know the ones I’m talking about.
They’re the ones you make on New Year’s Eve after a few too many glasses of champagne.
You have big plans for the year… which mostly fade away as fast (if not faster) than the hangover from the night before, leaving you with more or less the same year you had last year.
Why Resolutions Don’t Work
I think it’s a problem with resolutions themselves, not the intent behind them.
When we make a resolution, we’re essentially letting ourselves off the hook if we don’t succeed.
We know resolutions fail, and we know why.
Our hearts are always in the right place. We want to be better versions of ourselves, right? But we get ambitious, and everyone knows that ambition and willpower fade quickly, leaving us about where we started.
Make A Goal That Will Change Your Life Forever
It doesn’t have to be that way. This year, instead of telling everyone you’re going to compete in a triathlon when you don’t even know how to swim, do something bigger. Something that will change your life.
Decide to save half your income. Not just this year, but for the rest of your life. Set up systems to make it automatic, then see how much of your own money you can keep for yourself… forever.
Hi, I’m Kathleen Celmins, and I’ve been saving half my income for the last three years. And no, I am not raking in the dough. In fact, the first year I kept track of my savings (and I include debt repayment AS savings) was 2012, and at the end of the year, I found I’d saved 47% of my $30,000 salary.
That’s right … 47% of just over $30,000.
I thought about how hard it sounds to save half your income, and how, without setting out to do it (I was heads-down focused on getting out of $25,000 in credit card debt instead), I’d done almost that.
What if I could keep that up once I’m out of debt?
What if we all could?
That could change the world.
Systems Allow You To Save 50+ Percent Of Your Income
I realized saving half your income doesn’t have anything to do with willpower. Instead, by implementing a few systems, I was able to make it as automatic as tipping in a restaurant. So, with my business partner Joe Saul-Sehy (who you might know from the Stacking Benjamins podcast), I created a course.
It’s called Save 50, and it goes through five modules:
- Module 1: Figuring out your magic number
- Module 2: How to live on a shoestring without living in a shoebox
- Module 3: Making life easier — increasing your income
- Module 4: The mechanics — where to put your money once you’ve saved it
- Module 5: How to stay motivated and save half your income for the rest of your life.
The course launched on January 1 — just in time to make a resolution not only that you can keep, but one that will change your life.
Will you join us?
Check out Save50 here.
Thanks Kathleen! I think it’s amazing what you have done in your own life saving so much of your income.
If you want to save 50 percent (or more) of your income, make sure to check out the Save50 course. Yes, it costs money, but it’s an investment in your future. Even if you save just an additional 1% of your income, you’ll more than likely pay for your investment in the course!
Photo by: 401(k) 2012 Text added by: Lance Cothern