Posts Tagged ‘place’

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.

Could the ability to restrain yourself from eating one marshmallow make a difference between struggling through life and the ability to retire wealthy and early? Yes it can, according to a study done in the the 1960′s by Stanford University psychology researcher, Michael Mischel. The study tested 4-year old children’s ability to delay gratification. The researcher then placed a marshmallow in front of the child and gave him/her two options. The child could eat the marshmallow, or he/she could wait until the doctor came back from an errand and the child would receive two marshmallows. Only 1/3 of the children were able to wait until the researcher returned. I read the story in the book Influencer: The power to Change Anything (a book I would highly recommend by the way), but you can also find more details on the story here.

I know, it doesn’t really seem like a big deal right. Well, they followed these kids into their adulthood and it turned out that the children who were able to delay gratification and wait for the second marshmallow were more successful, had high paying jobs, and tended to be more happy people than the ones who choose to eat the marshmallow. Think about it. The ability to delay gratification means you can save and invest when others are spending money on various things they don’t really need, you can control what you eat, make yourself exercise, push yourself through school when others are partying. This one small behavior has the ability to completely change your life. I know, it is much harder than I make it sound. Luckily, according to the book, Influencer, this behavior can be learned. Since the two books have a lot of similar ideas, I would also encourage you to read Made to Stick.

However, in some cases it really is simple. Most people give up on investing and even saving because they feel it is too difficult. But put in the context of the marshmallow story, finance and investing is really not eating one marshmallow so you can have two. You don’t spend your money, put it in some type of investment, and then it becomes more. The behavior that has to change is the “not spending” part. But, as i mentioned in an earlier post, it gets much easier once you get used to it.

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