Posts Tagged ‘Hour’

Most people view obtaining wealth and riches as the final goal in life. They feel that if they can get more money then they will be happier and have a more fulfilling life. That with a little extra money the worries will start to disappear and with a lot of money the worries will be gone. i don’t think this is the case. it all depends on how you view wealth and riches.

To me, wealth means freedom. As Robert Kiyosaki discussed in Rich Dad Poor Dad, wealth is measured in time. It is how long you can maintain the lifestyle you want without having to work. I agree with this. Working 40 hours a week, even if you like your job, takes away your freedom.

However, you don’t have to have a lot of money to be wealthy. You can also obtain wealth by reducing your costs and spending. The lower your average cost of living, and the greater your savings, the longer you can live wealthy outside of work. For Example, someone who makes $30,000 a year, and only has an average monthly cost of living (including expenses and spending income) of $1,500 would accumulate an average of 8 months of wealth (8 months maintaining current life style without working) each year. Someone earning $70,000 a year with an average monthly costs of $4000 would only accumulate an average wealth of 5.5 months after one year of working.

$1,500 X 12 months=$18,000 $30,000-$18,000=$12,000 $12,000/$1,500=8 Months

$4,000 X 12 months=$48,000 $70,000-$48,000=$22,000 $22,000/$4,000=5.5 Months

One of the biggest reasons why people never seem to be able to get a head is because there spending increases in proportion (or more) with their increase in earnings. When they get a raise, they buy a more expensive car, a bigger house, a bigger tv, get satellite, and eat out more often at expensive restaurants. No I am not saying that you should save every penny and give up having any fun. What I am recommending is that you decrease your spending overall, and never let your living costs increase by a larger or equal percentage than your increases in salary.

In part two I will cover 5 easy ways to increase your wealth and savings.

After a really cool June, we have finally had our first feel of summer here in Tokyo. And while we don’t have a 4th of July weekend like the US, I figured a would give 5 things you can do that will keep you out of the heat, on a small budget, and having fun. The big key is to get out of your own house so you don’t have to run the AC.

1. Go to Karaoke- Most of us love to sing, and if you search around you can even find great deals during the weekend. There is a place near me that costs about 1,000JPY (about $10) for all day on Saturday or sunday) and it comes with a free drink. It would cost that much to run your ac for a couple of hours.

2. Take a train to the Ocean- One of the nice things about living in Japan is you are always close to the ocean. Even if you don’t like to swim, you can get away from the city to relax and enjoy the cooler temperature near the ocean.

3. Activities in the park- Let’s face it, when it gets hot and muggy in Tokyo you are gonna sweat. So why not have some fun and get some exercise out of it.

4. Spend a day visiting art museums and other cultural spots- Most are cheap to enter, they have air conditioning, and is very relaxing. Many also have small cafes where you can have a meal or a cup of tea.

5. Visit the local mountains- Since Japan is made of mostly mountains, there is always one close. You can get to a cooler temperature, get some exercise, and have a great view.

Set a budget to make sure that you don’t overspend and stick to it.