As I get older - finances are becoming more of an important thing to me as they should be for most guys my age. It's not about living comfortable in the present - even though that is nice; for me - it's mostly about living comfortably down the road. I'm young and ready to work now - I won't be like that when I'm older. That's why starting to save for retirement and the potential future family is a smart thing to do right now. You might have heard of Daniel Norris before. He previously signed a $2 million signing bonus with the Toronto Blue Jays - and now he is the starting pitcher for the Detroit Tigers. Oh, and he's only 22. But while most guys his age would start on their lavish lifestyles with that much cash straight outta highschool - Daniel decided to take the minimalist route. He ended up buying a 1978 Volkswagen Westfalia and invested over $1 million only allowing himself a monthly stipend of $800, basically enough for repairs on the van and food.
If you have time - read this entire article from The Simple Dollar on Daniel's decision to live out of a van after becoming a millionaire. The author of the article, Trent Hamm, goes on to talk about how Daniel "has the money to live life his own way" and gives us a call-to-action on taking a good hard look at the way we control our own finances. It's an inspiring read, but if you don't have the time to read the whole thing - here are a few excerpts that stuck out to me...
- You’ve got to spend a lot less than you earn for quite a while to be able to pull [your] dream off
- Start doing these things now. What’s keeping you from throwing out your television set and spending your free time reading and writing down thoughts in a thought journal? What’s keeping you from spending weeks in the summer living in a tent? What’s keeping you from spending most of your spare time working for a cool charity? What’s keeping you from the things you dream about spending your spare time on? The only person that’s keeping you from those things right now is you.
- It all starts with you. You don’t have to do what everyone else around you does. You don’t have to be what everyone else around you expects you to be. Instead, you are free to find your own paths and your own answers in life – and it’s likely that many of those paths are far more interesting and exciting than the one that you’re on.
- Stop worrying about what other people think and do what you think is best for you.
If you have the chance - the article is a perfect read for your lunch break and is inspiring to simplify your life, maybe not to the extent of Norris, but it does make you take a step back and look at what you can change in your daily budget to start pursuing a life that you will want to lead in the future.