TEDONA #110
Discovery consists of looking at the same thing as everyone else and thinking something different....
Quotes
“The real voyage of discovery consists not in seeking new landscapes, but in having new eyes.”― Marcel Proust.
“Never underestimate the power of thought; it is the greatest path to discovery.”
― Idowu Koyenikan.“Discovery consists of looking at the same thing as everyone else and thinking something different.”― Albert Szent-Gyorgyi.
“The best way to find yourself is to lose yourself in the service of others.”
― Mahatma Gandhi.“Man cannot discover new oceans unless he has the courage to lose sight of the shore.”― Andre Gide.
“There's something liberating about not pretending. Be yourself - dare to risk embarrassment occasionally.”― Teronie J. Donaldson (Yep, that's me. Cool, right?).
Notes/Observation
People usually judge you based on where you are currently, not what you could become eventually.
So keep your dreams alive, and don’t let negative comments stop you from trying.
Articles
Watched
Book of the Week
I decided to read this one as I a relearning proper financial planning. So what better way to start than with budgeting?
Here are five essential takeaways from "The Pocket Idiot's Guide to Living on a Budget" second edition:
Budgeting is Essential: The book emphasizes creating and maintaining a budget. It highlights that budgeting allows individuals to gain control over their finances, track their income and expenses, and make informed financial decisions. Establishing a budget is the first step toward achieving financial stability.
Cutting Expenses: The authors provide practical strategies for reducing expenses without sacrificing quality of life. They emphasize the importance of evaluating and minimizing costs in housing, transportation, food, utilities, and entertainment. Individuals can save money and improve their financial situation by identifying areas where expenses can be reduced.
Managing Debt: The book offers guidance on managing debt effectively. It provides insights into different types of debt, repayment strategies, and debt consolidation options. Individuals can work toward becoming debt-free and improving their financial health by developing a plan to tackle debt and avoiding common debt traps.
Saving and Investing: The authors stress the importance of saving money and building an emergency fund. They provide information on saving techniques, retirement plans, and investment options. By adopting a disciplined savings habit and considering low-risk investment opportunities, individuals can work towards achieving their long-term financial goals.
Mindful Spending and Frugal Living: The book encourages readers to practice conscious spending and adopt a frugal lifestyle. It provides tips for smart shopping, using coupons, and making cost-effective choices. By embracing minimalism, decluttering, and avoiding unnecessary expenses, individuals can save money and live more financially conscious lives.
Overall, "The Pocket Idiot's Guide to Living on a Budget" highlights the importance of budgeting, reducing expenses, managing debt, saving, and adopting a frugal mindset. By implementing the strategies and advice provided in the book, individuals can take control of their finances and work towards a more secure financial future.
Strategy
Instead of creating a budget, make a spending plan for your money. As learned in the book above:
Decide on a time frame.
List all of your income.
Anticipate your expenses.
Evaluate your plan.
There are various online tools designed to give you a simple way to create a spending plan, keep track of your spending, and help you stay on top of your finances.
Question
When all is said and done, did you do everything you said you wanted to do?