The Gap Between Manifestation & The "Soft Life"

Prices keep going up and it’s not like we’re going to stop drinking either, with the cost of living these days, it’s honestly no hard feat to find yourself broke by midmonth month on month, especially with the price of fuel (I’m sorry but these aren’t “driving around” fuel prices). Let’s face it, once you get to a certain stage in life you need to take your finances seriously in order to maintain your lifestyle, level up or to just retire comfortably (Personally ready to live in an unreasonably expensive house in Knysna). Running lifestyle audits on yourself is great because they help you see your spending behaviour based on your income. Carrying out a lifestyle audit on yourself can help you figure out a number of things such as:

Setting Attainable Goals

Another shortcut to unnecessary pressure and other feelings of inadequacy is setting unrealistic goals. Running a lifestyle audit can help you realize the gap between your “manifestations” and getting the things you want. A lifestyle audit can help you identify where you need to optimize in your life in order to achieve your goals. If you want to save up for that house in Knysna, it’s likely going to require some sacrifices.

Realistic Budgeting & Saving

If you’re anything like me, being wealthy is really an unnecessary detour that you have to go through to get what you want. We often underbudget and overspend, and a significant amount of people sabotage themselves with their lifestyles (hit me up if you’re a payday millionaire, I know some baddies we can “invest” in). With the rate at which the cost of living is rising in comparison to the increase in salary increments, it’s really only a matter of time before your employment salary isn’t enough to sustain you.

Our lifestyles determine our savings, some of us don’t save because of frivolous spending whilst some aren’t even aware of their spending habits. Regardless of where you lie on the awareness scale with regards to understanding your spending habits, the realisation of how much your lifestyle actually costs can help you realize whether you need to consider changing your lifestyle or doubling down on financial resources so your money works harder.

Finding Growth Opportunities

Often when we hit the realization that “shit, my income isn’t enough”, we often turn to adding an additional income stream. Things like side hustles, investing and so on come often into play here (pro tip: try to get a side hustle that helps feed into your long-term vision). Now I want to touch on a catch 22 situation that ensues when we just invest without any real plan or purpose, you get burnt or reckt! And end up thinking I should’ve just gone out and rocked this money, investing is a bit more than simply throwing money at a stock you believe in.

Having an interest in a company or the field they operate in can help you identify the best investment opportunities which are in alignment with you. Your love for farm life might be more rewarding than you think. Just because you can’t afford to buy a farm now doesn’t mean you can’t benefit from other farmers, the landscape of investment opportunities is quite large and diverse, there’s something for everyone. Here’s a niche random fact for inspirational purposes: the global fluid milk market reached a value of US$173.8 billion in 2020, milk is an integral part of the staple diet in developing regions like China and India so things like growing health consciousness, population growth and increasing disposable incomes are a key factor in driving demand for the global fluid milk market.

Your lifestyle determines your ability to save and take advantage of opportunities that would otherwise help you reach your long-term goals. A lifestyle audit can help you realise your savings potential and unearth things that are in the way of you attaining your “manifestations”. Experiencing a rainy day (unexpectedly having to fix your car) without an emergency fund is also another way to learn the purpose of knowing your spending habits and their implications on your long-term goals.

For more, join our growth list to stay in the loop with our blogs, as well as other content to sharpen your financial literacy. Follow us on Instagram and Linkedin.

Author: Sihle Hlatshwayo

0 views0 comments

Recent Posts

See All