Paradigm Shifted

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june goals check-in: week 2

Posted by deepali on June 15, 2008

Checking in with my June goals:

1.  Wake up by 7 am every day. Sunday didn’t work but I was up by 6:15 Monday-Friday.  Saturday I awoke around 7-7:30.  Check!

2.  Go climbing 2-3x a week. I made only made it once due to being a bit ill.

3.  Practice yoga 2-3x a week. I did yoga bootcamp every morning Monday-Friday.  I even did yoga Tuesday night, and also Saturday morning.  That’s 7 times in one week!  Check!

4. Walk to work 3-4 days a week. Walked to work every day this week, and even home once too. Check!

Posted in Uncategorized | 2 Comments »

reversal of fortune

Posted by deepali on June 3, 2008

This was quite the astonishing article in the NY Times the other day.  At first, I admit I laughed.  Oh, I wish my biggest worry was downsizing from a Gulfstream to a Lear.  But if you read between the lines, you start seeing other interesting points.  If America’s richest are losing their riches, where is the money going?  Here, it turns out.

The wealthiest of the wealthy maintain the ascendancy of empire.  When they lose their footing, what happens to the rest of us?

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seize the day, tomorrow is not yours

Posted by deepali on May 9, 2008

We all know that good things come to those who wait. But fortune also favors the bold. When it comes to personal finances, which road do you choose? I don’t see why you can’t have it both ways.

I am of the mindset that while thinking about tomorrow is smart, one should not forget about today. In personal finance, this has two ramifications:

1. The power of compounding. You can always have more money, but you can’t go back in time. Saving even a small amount when you are young will always trump saving a bit more when you are older. Savings earn interest, and then interest earns interest. Never put off til tomorrow what you can do today.

2. Live life to the fullest. Money exists to provide you the opportunity to experience life. So make the most of this tool while you have it, and use it for its intended purpose. You can’t take it with you when you die.

Some might argue that the responsible path is to live as frugally as possible now, save as much as possible, and retire early. But retire to do what? Enjoy life? Why not start now? Take a financial risk here or there. Maybe even take on a little debt, if the opportunity of your lifetime shows up. Be unconventional occaisonally. It is better to regret the things you did, than the things you didn’t do.

Save for the future, yes. Emergencies and the like come upon us like surprises. And too, there are the dreams and possibilities that we would like to one day experience. And even better, start saving today. But don’t make saving for the future your one and only goal.

I, for one, have no desire to retire early. I want to keep working as long as I can. Why? Because I love what I do, the field I’m in, the people with whom I interact. I am enjoying life. I have taken on debt in the past, and I will be paying be paying it off in the future. There is something to be said for being responsible (ie, having a debt repayment plan), but being a little reckless at times (ie, taking a leave of absence from your job for 4 months to travel) is good for you as well. Work hard. But play hard too.

Posted in budget, happiness | 1 Comment »

goals update: january

Posted by deepali on January 8, 2008

Today is the New Moon in Capricorn, the sign of confidence, practicality, ambition, and persistence. Capricorns are builders and finishers. Since I started my New Year on a new moon two months ago, I thought this would be a good time to check in.

Yearly Goals

  1. Take the lead class in February. Right now, there is the chance this will not happen until April. I’m almost sure I’ll be ready by February, but unfortunately, the class is being offered at a different location that month. I’ll be out of the country for part of March, so it’s looking like April at this point. Still, I’m training as if I were going to take it in April.
  2. Pay down all my debt and start aggressively saving. Debt-to-assets ratio is slowing decreasing, and in a few days, a chunk of my paycheck will hit my savings acocunt (which currently has a pitiful $450).
  3. Practice Level 3 yoga regularly. Attended a 2-hour Level 2 class on Saturday that would probably be a Level 3 anywhere else. It was tough, but I’m definitely getting stronger. I will likely not make the 3-classes-a-week goal this week or next, because of school, but I am trying for 1-2 classes on weekends.
  4. Take a vacation. A real vacation. I booked my flight to Malaysia. All set!
  5. Finish classes and my thesis and graduate! I made a timeline for my thesis, and set a date for my presentation (August 20th). Classes will be over by May.
  6. Learn to manage anger properly. Well, I can’t remember the last time I yelled at someone… :)
  7. Lose 10 lbs. Despite this being a somewhat facetious goal - I would actually like to lose the weight. So far, not much is happening in that arena, but I’m hoping once this intense class is over (next Friday), I can get working on this for real.

January Goals

  1. Be able to climb 5.9s comfortably. I’m still working my way there, but I’m definitely stronger.
  2. Start an emergency fund (more than just nominally). Right now, this is being tied up with savings. I might have to consider pushing this one to April.
  3. Become a 6 am riser. Arose at 7ish for a few days in a row, until this morning when I woke up at 5:20. Whew. I will have to do that for the rest of the week and into next, and I’m hoping that will jump start the 6 am awakening.

So, that’s the story so far. Some progress, some setback. Overall, not too bad. I’m not a Capricorn, but hopefully the energy from this new moon will help me persevere.

Posted in budget, climbing, goals, happiness, personal growth, travel, yoga | 1 Comment »

the story of stuff

Posted by deepali on December 7, 2007

Here is something to think about. Where do your material goods come from? Where do they go when you’re done with them? And what goes on in this whole process?

Free range studios has a great video on this issue: the story of stuff. Annie Leonard has spent the last 10 years following the chain from resource extraction to waste management. Luckily for us, she’s managed to consolidate everything she’s learned in a 20-minute presentation, with accompanying graphics. It’s easy to understand, and easy to get indignant about.

Here are some highlights:

1. “Cheap” goods are not cheap. Somebody is paying for the production of that item, and it’s not usually the consumer. Instead, it’s more likely the invisible forest, mountain, miner, factory worker, garbage man, or store clerk bundled up in this opaque process. The inevitable result is an unsustainable drain on the environment, local communities, infrastructure, and your budget.

2. The government is not doing a good job looking out for you. Annie believes in “for the people, by the people”. I think we all do. But that’s not what we get, usually. With MNCs running the planet, governments do all they can to appease those interests.

3. You work as hard today as serfs did in the Middle Ages. Generally speaking, we have less leisure time than ever, except possibly those folks who worked their fingers to the bone for close to zero gain 1000 years ago. Sure, we have more stuff, but aren’t actually any happier than they were. We may even be unhappier, because we have a whole lot more to worry about than they did.

4. You’ve been brainwashed. Commercials exist to tell you that your life is unfulfilled until you go out and get the latest consumer item (in the latest model). If you don’t, you won’t be happy. Never mind that the current version you have is perfectly fine - it’s nothing compared to the newest version, and all your friends know it. In business, they call this “perceived obsolescence”. There is also, of course, “planned obsolescence”, in which the item is deliberately engineered to be useless after a specified (short) amount of time. These are the twin pillars of the American economy (with the anthem being: “buy stuff! spend more! be American!”).

5. Recycling won’t save us. You could recycle everything that comes through your house, it won’t matter, because for every garbage bag-worth of stuff you save, 100-worth we used to make it (and they weren’t being recycled). In other words, the problem lies in two places: the front end of manufacturing, and the back end of demand.

6. We’re slowly killing ourselves (and taking everyone else with us). Annie doesn’t explicitly say this. But if we don’t do something to change our way of life, we’ll soon be in a lot of trouble.

7. But there’s hope! It’s not easy to change habits, but it can be done. There are so many big and little ways to do this, and maybe I can talk about that in a later post, but the main idea is simple - BUY LESS.

Posted in budget, corporate america, environment, happiness, human rights, personal growth, poverty, work | 6 Comments »

bogged down…

Posted by deepali on June 21, 2007

… with the move, with work, with school, with life… will return shortly….

Posted in Uncategorized | 1 Comment »