Stay in a Job you Hate?

If you are currently in a job that you hate, welcome to reality! A lot of us have been in that position at some point in our lives and luckily, I am one of the few who were lucky enough to get away from it. I started working for myself after leaving a job that I dreaded waking up for. It was so boring and mundane and I felt like I was wasting away during that time.

I was able to do that because I realized that the only reason I was stuck in that job in the first place was because I had too many bills to pay and I was living way beyond my means. I decided to downsize, cancelled subscriptions to various services, sold off stuff that were costly to maintain and adjusted my budget so that I can live properly without overspending. Also, I was and still am single without kids so I am free to make decisions without negatively impacting the people around me.

I understand that not everyone is in a position to drastically change how they live so that they can pursue the career that they want. After all, a lot of people are married with or without kids, have bills to pay that can’t be cancelled at a moment’s notice, used to a certain lifestyle and unwilling to change and many more. For that here are some things that can help you stay motivated while working in a job that you don’t like.

Staying Motivated

Don’t bring your work home

If you are stressed at work or you just don’t like being there, when you go home, leave everything there. Think of going home as a start of a new day and focus on what you want to do and enjoy it to the fullest. Being able to do the things we love will keep us happy and will let you stay motivated when you go to work the next day.

Socialize with your peers

Don’t be afraid to socialize with your co-workers. If you’re an introvert and prefer being alone, this will be hard but do try to talk to your co-workers sometimes. It can be a good experience and even if you hate your job but you like the people that you are working with, it can make the time pass by faster.

Of course, there will be some people that you will not get along with, that’s common. The best approach to this is to stay professional and if you can’t avoid them, then try to minimize the interaction times. This will allow you to stay positive throughout the day.

Work on something you enjoy during off days

Planning your future so that you can get out of your job that you hate will be one of the most important things that you can do today. Whenever you have time off from work, do try to work on something that you can build on for the future. This can be a hobby that you enjoy, a skill that you have, your dream or anything really that can bring you a steady income while doing what you like.

Think about your life 5, 10, 15 years from now. What do you want to achieve? Once you know the answer, start working on it right away. If you postpone it for later, you will just regret the time wasted. Having a side income that has the potential to be your main income source is something that will give you endless energy and motivation for the future.

Develop some skills and try to get better at your job

When you hate your job, the obvious reaction is to do a lackluster job of it. This is actually counter productive because no one can stay motivated doing something they hate. One thing that you can do is to try to get better at your job. There’s a chance that you will actually like it and make the job more tolerable.

Buying New or Used?

Most people will scoff at the thought of buying used items instead of a pricier brand new one when it comes to most items. While I agree that there are things that you should never buy used, I will also argue that there are things that you should never buy brand new because its not economical. Buying used items that are still in good condition will allow you to save money and help you in your goal of early retirement, if you’re into that.

Here are some things that you should consider buying used.

  • Blu-Ray Disks, CDs, Books and other forms of Media

Yes, there are still people out there that buy these things and that include me. While these are not exactly big purchases, you can still save a lot of money if you buy these items used as opposed to new, especially if you buy regularly. You can save as much as half off when buying used. Of course, you will have to do your due diligence and make sure that the item is in good condition.

  • Vehicles

Cars and other types of vehicles are a bit tricky if you don’t know how to spot the signs of an abused one. If this is the case, then it’s time to do some research and some reading on how to buy a 2nd hand car. Buying a used car can let you save up to 50% and this allows you to save a lot of money. Also, the insurance that you will have to pay will also be lowered due to the lower value of the car. A brand new car costs around $30,000 while a 3 year old car will cost significantly less, around 50%.

  • Used Home Furniture

Another item that you can buy used without too much wear and tear are home furniture and fixtures. Instead of buying new ones at outrageous prices or low quality ones like IKEA, that you also have to assemble, why not consider getting an already used one of higher quality and even cheaper prices?

  • Home Gym Equipment

Gym memberships are wasted on a lot of people. I’m one of them. I purchased a gym membership at my hometown and I rarely went there because sometimes, I just feel lazy and sometimes, I’m just too tired from work. Whenever I think about that gym membership, I always think about what a waste of money it was. However, recently, I have started to grow fatter by the day and I wanted to change that.

Instead of wasting my money on another gym membership, I just started buying gym equipment and do my workout at home. I bought brand new weights and some bars and when I browsed some ads about 2nd hand gym equipment, I was a bit furious at myself because the prices are significantly cheaper. And, these 2nd hand equipment are still in good condition. Lesson learned.

Investing in Yourself

Investing your excess money is the way to go if you ever want to have a life that is set financially. However, the hard question is where do you invest? Real estate? Bonds? Stocks? All of these are great options but if you are a newbie in investing, these investments may seem too hard at first. So what do you do? I think that the first thing that you should invest on is your greatest asset – yourself.

So, how do you invest in yourself? There are a myriad of options available for you in improving yourself. Here is a list of some of the better things that you should be doing instead of lounging around, watching tv or doing other pointless stuff.

1. Improving your health.

Since we are talking about improving yourself, the best way to start that is with your health. After all, your ability to function fully is your greatest asset. A healthy body and mind will allow you to perform various tasks efficiently and this will contribute to better returns.

A good way to start is to eat right and get some rest when you can. Eating right will give you the energy that you need everyday and it can also improve your mental well being. Cutting out food that are full of artificial ingredients and preservatives is the best way to go. Resting while you can is also very important because if you push through with a tired body, chances are, what you are doing will not end up with the best results and this is counter intuitive with what you want to achieve.

Sleeping for about 6-8 hours a day is a must because it allows your mind and body to reset and when you wake up, you will feel refreshed and you will be ready for another day of efficient work. Having said that, a good mattress is key in getting a good sleep and opting to buy the best mattress that you can afford is a very good investment. I, myself, have researched a lot about mattresses and there are tons of mattress reviews online that can really help. You should go with a good brand that offers a good warranty/return policy and more importantly, a comfortable mattress with good support. I highly recommend the DynastyMattres brand as I own one myself and I have to say that I am more than satisfied with it. Here is a Dynasty mattress review that you can read.

2. Learn a skill or just learn more about things.

In today’s high tech world, there are a lot of skills that you can learn that are high on demand. And I am not only talking about online or digital skills. There are manual labor jobs that can yield high returns, you just have to know how and where to apply it.

Learning does not stop once you finish high school or college. There are many more things that you can learn about during your free time that can actually benefit you if your goal is to have a life without financial worries. So read and read more. You never know, you might find your calling or your dream job after reading something about a particular subject.

3. Don’t put your eggs in one basket

Having a job and earning a steady income can relieve you of financial stress because you know that you will have a check every 14 days or in some cases, weekly. However, I believe that this way of thinking is not very good. Yes, working for a company, especially a big one, can make you feel financially secure but you just never know what will happen tomorrow. There might be a company wide layoff, the company can go under very quickly, you may screw up badly and the list just goes on and on. Basically, what I’m saying is that there are just too much unknown factors that can happen that are beyond your control.

Having all your eggs in one basket, in this case, only one source of income, is not a great plan. You should try to develop more income streams so that if one suddenly stops, you won’t be stressed too much. How to do that is up to you but it all starts with investing in yourself.

Envy – A powerful force that can keep you in debt

Envy is considered one of the 7 deadly sins and for good reasons. If it isn’t curbed as soon as possible, it can lead to a life of misery and it will affect your financial situation negatively. Unfortunately, envy is not something that goes away on its own. You will have to forcibly change your outlook in life if you want to be free of this negative behavior.

Envy stems from comparing yourself with others and focusing on the things that they have that you don’t. Obviously, the best way to stop this is to stop comparing yourself to others but this is not as simple as it sounds as you interact with other people on a daily basis.

One of the ways to overcome envy is to be content with what you have. This is a very simple concept to grasp but in an environment where consumerism is the way of life, you are bombarded with advertisements in every direction and no matter how hard you try to control yourself, eventually, you will give in. It may be for an item that you really need or for something useless but either way, overcoming envy through sheer force of will is not a very effective method.

Financial Envy

Financial envy is very common and if you get caught up in it and you don’t control yourself, you are heading towards financial hell – debt. You will find yourself to be living well beyond your means and in order to keep up with that lifestyle, you will most likely incur more debt that will be very hard to pay off even if you work well into your 60’s or 70’s.

What do you feel if you are meeting up with a friend and suddenly, he shows up in a brand new luxury car and you’re still driving the same old car that you bought used over a decade ago? Feeling envious is pretty normal in this circumstance but the best way to handle this is to just let it go. If you let it linger and fester in your mind and you don’t control it, you may be tempted to take out a car loan for a luxury car that you don’t even need. What’s worse, if you don’t have a way to forcefully purchase a brand new car, it may even lead to resentment towards that friend and you may have just damaged a relationship.

What can you do about it?

As I said before, comparing yourself to other people that are more well off than you is detrimental and you should stop doing it. However, this is very hard to do because after all, comparing yourself with your peers is a very natural thing to do as it puts into perspective how well you are doing in life and it provides insight as to how you want to proceed if you aren’t satisfied as to where you are now.

Here are some more ways to deal with financial envy and hopefully it will be effective for you as it has been to me.

Use it as motivation

A healthy way of dealing with envy is to use it as motivation to do better. If you see someone that has something that you really want, instead of being envious, use that feeling instead to motivate yourself to work harder to earn more.

Not everything is as it seems

Not all people that live in high class areas, drive luxury cars, eat fancy dinners regularly etc. are financially stable. In reality, some of them are in very bad financial situations because they want to live an extravagant lifestyle that is way above what their earning power can provide. If you realize this, you won’t feel as envious as you would have because who wants to be in debt?

Splurge sometimes

While saving money is what you should be doing, going out and treating yourself every once in a while is a very healthy thing to do. Spending some of your money to buy something that you really really want and indulging yourself is a good way to prevent financial envy. Just be sure that you have enough money to pay for it so that you won’t be in debt.

Be content with what you have

Lastly, you should always be content with what you have because there will always be someone who has more than you and that’s just reality. Don’t focus on what others have and you don’t, instead be content and you will have a way happier life without all the stress and pent up feeling of envy.

A Quick Guide on How to Save Money

What’s the most common way of losing money or not having enough when you need it most?

The answer is very simple, it’s spending more than what you are earning. Understanding this and preventing this is easily the most effective way of saving money and surprisingly enough, a lot of people often fall into traps that are designed to make them spend more than what they are really capable of.

Cutting back on expenses is very easy to do. All you have to do is review all your expenses and eliminate all the “wants” from the “needs”. By “needs”, I mean the things that you require to live and not the things that you think you need.

These “needs” that you cannot eliminate from your budget are food items, transportation/car expenses, mortgage payments, monthly household/utility bills, grocery expenses and your hobby/entertainment requirements. Expenses that arise from your hobby is a tricky one. I really believe that a person needs to have a hobby to maintain his sense of self and improve on a personal level. A good compromise is to have a strict budget when it comes to your hobby and don’t overspend.

As for the things that you can cut down or totally eliminate from your life so that you can finally start saving money, here are some examples.

Credit cards

Credit cards are a killer when it comes to accumulating debt. If you have a credit card and you don’t know how to control yourself, it’s only a matter of time until you are knee deep in debt that you will have to work countless hours just to pay off. One rule I have when I want to use my credit card is this: “Can I pay for it in cash right away?” If not, I don’t buy it, if I can, I buy it. Simple as that.

I’m not saying that you should throw away your credit card or never use it, you already paid the fees for it after all and it is quite convenient if you don’t want to carry huge amounts of cash everytime. You just have to practice self control and always be aware of how much money you have so that you can mentally compute if you can pay for the thing that you want to use your credit card on right away to avoid unnecessary debt.

Take out food and Dining out

One of the things that I am always proud of myself for is the fact that I learned how to cook at a young age. When I was out of college and started living alone, this skill became priceless and it actually saved me thousands of dollars yearly by not eating out or ordering foods to go on a daily basis. I still ate at restaurants and ordered take away from time to time but it never became a habit.

Cooking your own food lets you control what’s coming into your body and it also helps you manage your budget a lot better. A lot of the foods that you can find in various restaurants are so easy to make, it makes my head hurt thinking why people bother paying for those. Cooking is a must learn skill and I suggest that you try it.

Online shopping

Shopping online has never been easier and I must admit that I also do it. What separates me from a lot of online shoppers is that I don’t impulse buy whatever’s on sale and I always do research before buying in order to get the best price available.

You shouldn’t stop online shopping altogether, you just have to be smart about it. Look for deals, don’t buy whatever’s on sale, always do price comparisons and whatever to bring the price down. Shopping online will never go away and you shouldn’t take advantage of this convenient way of purchasing, just practice self control and don’t be an impulse buyer.

Subscriptions that you don’t regularly use

At one point in my life, i had subscriptions all over the place that I didn’t mind because they were cheap. However, one day, I realized that I never use them and when I calculated all those monthly fees, I was surprised and a bit angered at how much they were costing me. Individually, they were reasonably priced but collectively, the price adds up and it was at a level that I really didn’t want.

I had to stop those subscriptions and a lot of them were giving me hell before I can unsubscribe. Lesson learned.

Gadgets, gadgets and even more gadgets

Ask yourself and be truthful, do you really need an iphone, an android, a tablet, a laptop, a gaming PC, all the consoles, a 7.1 Dolby atmos speaker setup that you can never really take advantage of because it will annoy your neighbors and all that other gadgets/electronics lying around the house? You know the answer to this and you have to make the right decision.

Right now, I only have an android phone, a cheap model that does its job, a gaming PC and console because I like gaming and a modest stereo setup. I am perfectly fine with this setup because it allows me to do everything I want without costing a fortune.

The Takeaway

Saving money is easy as long as you want to do it and you are prepared to sacrifice a lot of the luxuries in life that are not really needed. Practicing self control and always being mindful of what you can and can’t pay for will go a long way in ensuring that you will always have some money whenever an emergency arises.