- Someday Lesson: Don’t let your fear of poverty block your dreams.
Money in bank account? Check. Money coming in over the next couple of months? Check. Okay good.
And that’s it.
Occasionally, however, I look a little further ahead just to see how I’m doing. I did this last night because I’m now not going to earn anything from teaching English until the end of October – that’s six months without my part time job. Knowing that I can contribute to the household until then is definitely a good thing.
But this post isn’t about my finances. It’s about the realization I had while looking at my income. According to most North American standards, I’m incredibly poor. Having just launched my coaching services, I earn about $1000 US a month. Because I have a boyfriend we share our expenses.
And yet I don’t feel poor. The money from one ongoing freelance writing client goes to my credit cards, so that’s dropping regularly. And with the next coaching client I get I will pay for a one week vacation for the two of us to the Canary Islands. Poor people don’t take holidays (actually most entrepreneurs don’t take holidays no matter what they earn, but that’s another story). Two other clients would give me some money for retirement savings and after that everything I earn is gravy.
Imagine feeling wealthy earning less than $15000 US a year.
When I lived in Toronto, with my mortgage, business expenses and cost of living, that much money lasted me fewer than six months. And for a lot of people that much money would last three months maximum.
You wouldn’t believe the pressure that’s taken off my shoulders. Life isn’t all about working hard to earn enough to survive. My coaching has suddenly become something I do to bring in extra money to make our lives better and to allow us to retire sooner.
How cool is that?
Do you know your minimum comfort level money-wise? If money is the thing that stops you from following through on your dreams, what could you do to change your attitude or lifestyle?