Multiply-by-25 Rule (from passion savings)
The Multiply-by-25 Rule (click on link for full article)
“The power of the Multiply-by-25 Rule is how it gets to the nitty-gritty of what is going on in the money management project. Why is it you want to save? It’s so that your money can start earning money, and thereby a bit of the burden of doing that by going to an office or factory each day can be taken off your shoulders.”
The Multiply-by-25 rule assumes that you will be able to invest the money saved in an investment that will provide a 4 percent annual real return.
1. You need to determine how much an item of spending costs over the course of a year.
2. You need to multiply by 25 to learn how much you need to save to create a fund that covers that expense for life.
Have you found that there are people who will never allow you to be happy. They always find some way to pour water on your fire no matter what? The simple thing to do would be to just cut those people out of your life. Sometimes however, it’s not that easy, especially if those people are close family members. I try to put as much space/distance as possible between myself and those individuals but it doesn’t always work. I need to get to a place where I can just let it roll off my shoulders.
I’m learning how to put myself first and not allow others to use passive aggressive ways to try to make me feel guilty about that. At the end of the day everyone has to lead their own lives and you can’t depend on anyone for your happiness. Do what you can to help others but your happiness should be numero uno. If you are not happy how can you take care of others or foster happiness in others?
I’m starting to realize maybe those people are not happy themselves. Maybe what is said about misery liking company is true and that’s probably the major reason they try to want to put a damper on your happiness.
How do I deal with that behavior? I take a break from those people for a while. I don’t feed into the negativity. I also try not have arguments or back and forth conversations with them.
How do you handle such behavior towards you from others?
I may have failed at certain things that I’ve tried but I’m not a failure. Everyone has experienced failure. The thing is to keep on trying. Keep pressing forward. Failure is giving up and I have definitely not give up.
The travel business I tried to pursue wasn’t for me. I’m no longer going down that path. I’m pursuing another venture which if I’m honest with myself is what I really wanted to do in the first place but was to chicken to embark on it. Continue to watch this space. I’ll have more updates soon.
My Trip to Kenya Part 3
Picking up where I left off from part 2.
Today (8 June 2015) is the last day in Kenya for my friend and her daughter. We took a Mombassa City tour and got some shopping in. Had lunch and it was time to head to the airport to drop them off for their return trip to the US of A. It was sad to see them leave. I was now on my own for the next seven days.
The following day I just loughed at the pool and read for the most part. The day after that I went to the supermarket and purchased some groceries. I had lunch while I was out and took advantage of the free wifi at the mall to make a few phone calls on WhatsApp to family and friends. The next few days I borrowed two books from reception and just relaxed at the resort. I had the pool all to myself since it was low season and I think only four of the units were occupied.
on 12 June 2015 I departed for the South Coast of Mombassa and my last four days in Kenya. The resort was beautiful even though I had to run away from monkeys on a few occasions to get to my room. I whiled away my days at the resort sunbathing, eating, drinking, reading etc., and spent my evenings/nights with some locals exploring the local area and nightlife. All in all it was a fantastic trip and I hope to visit again. Hopefully do a lot more site seeing next time.
I shall remain job free for as long as I can. The end.
I love not having to worry about my hair. Everyday is a good hair day unless I need a haircut :-).
As soon as I hit send I will be leaving for the airport. I have always wanted to go to Haiti but hadn’t made it yet. Finally getting to visit for the first time. Hope it won’t be my last.
I refuse to accept any kind of religion because from what I’ve seen every time religion was brought to a people they lost their identity, freedom, and land. This is my truth. I’m not asking anyone to go along with it. I’m speaking for myself and only myself.
I got to day 25. Left for a trip and didn’t post while I was gone. I know the month is over but I want to finish the 30 days series. I’m just going to continue on with day 26.
Day 26 – I need to realize I can’t save everyone and I can only help those who want to help themselves otherwise they will just continue to drain me.
People are gonna talk no matter what.