The Reason I’m Not Crazy For Loving Monday
Now, wait and hear me out . . .Monday is special because it does something no other day of the week does.
It gives you a fresh start.
Even if you know you have a new start everyday, we all still feel how Monday is the psychological starting block for the week.Today is the day!
It’s your chance to be a slightly better version of who you were last week.
It’s your chance to experiment and try something new.It’s your chance to recalibrate your goals.Today is the day.Let’s roll this into action.
Most peoples’ goals center around 3 things:
Fitness, Career, Travel/Bucket list.Here are things you can do to move toward any of those in 2 minutes or less.
2 Minute Action
Do pushups, burpees, or lunges for 2 minutes.Set up a meeting with your supervisor (or mentor, or colleague, or professor, etc.) to talk about your future and how to get where you want to go.Look at your calendar, pick a date in the future (it can be really far in the future, that’s fine) for your bucket list item. Create a savings plan, invite your friends, and make it real!Today is Monday!Get out of the gate strong, today.
What Your Savings Account Says About Your Productivity
Of the Americans who have savings accounts, the median savings account balance is $5,200. The average, or mean balance is $33,766.49. (Citation)
This means 2 things:
- High savings balance folks are pulling the average wayyy up by having wayyy more savings
- Most Americans have a few grand in the bank.
Think about that. Regardless of what you’re pulling in, the lesson I’m pointing out here isn’t frugal spending, cutting out lattes and avocado toast.
The lesson is about the urgency and impact.
Most people don’t save a lot because retirement feels so far away. They also feel like they will start saving when they have more money coming in. Of course, what usually happens ends up being very different from what actually happens. If income increases, then their lifestyle inflated to consume that new income. The strange thing is that even without putting a lot away, you could really make a big impact over time. Remember that urgency is the reason most people take action, but you’re smarter than that.
1% improvements double every 70 days, not 100.
The key isn’t major windfalls or life events, those rarely, if ever, happen. The key is small, daily, relentless action. Excercise, saving for retirement, building your career, changing the world, whatever. Its all the same method.Try to take it all on at once and you will fail. Adjust to the reality of slow, incremental progress and you will get to the end thinking that it was never that bad.
2 Minute Action:
Do you know how much of your income you’re saving?A good starting rule would be, of your cash-in-hand, take-home income (after taxes):
- 50% goes to Needs (rent, food, most utilities)
- 30% goes to Wants (cable, Netflix, restaurants)
- 20% goes to Savings
Here’s a spreadsheet I created and shared on my VAULT. It helped me get on the right track with my finances and get out of high interest credit card debt. It’ll take you 2 minutes to plug in some numbers and figure out how you’re doing.You can absolutely do this.