Do you fear going back home for holiday because it means all your savings will be gone or worse you may have to borrow money? Follow these 4 tips!
1. BUDGET IN ADVANCE! Budget one year in advance. Make the list of all the people you need to make a gift to (including distant relatives and neighbors) and how much money per person. Make the total and then divide per 12 so …you know how much to save monthly. And then stick to it!
2. GIVE LOVE! Think about hand-made gifts, recycled decorations. You don’t have to compensate for being abroad, you already provide support the rest of the year. Make it special your own way!
3. TALK! Talk with your family, hold a family council and decide how much you want to spend for holiday and gifts keeping in mind all the other things you need to pay for (education, house…), and savings you need to keep for emergencies and investments. Make your family responsible with you, not dependent on you!
4. NO LOAN! Don’t take a loan! When you borrow money, you have to pay interest rate meaning an extra expense – Give meaning to it: for example if I don’t take this loan for holiday, I will be able to pay education expenses for 3 months.
Do you have other tips to avoid over-spending when you go home for holiday?
Do you want to be a domestic worker for your entire life? Discover here the 5 ways to avoid over-extending your stay abroad.
Set realistic financial goals with your family – no more than one or two. Make them responsible with you. For example discuss the number of years you should spend abroad and if you can share the burden. Learn to say NO and how to talk about money with them. Rehearse before you talk to them to make sure you don’t make them feel guilty but still make them understand that they need to learn to manage money well!
Stick to your plan, don’t buy unnecessary things and be careful of investment schemes. A dollar saved is a dollar earned!
Teach them the value of money and work. Make all able adults of your family make their own money or get trainings. Before you open a business, plan for it and learn business management to make sure it does not fail. Don’t give your children all they want, teach them the value of money.
Limit your charity work. Being kind is not being gullible and naive.
Why people fail so often to achieve their objectives and end up doing nothing?
It’s often because they don’t know what SMART objectives are. SMART objectives are motivating because you can actually achieve them. And step after step you can make your dreams come true!
SMART is an acronym for
Small and specific objectives. It means that you need to break your objective in small actions. For example if you want to start a business, your objective for next month can be to enroll in a business management class.
Measurable objectives – for example your objective cannot be to just “save more” – it could be “save 1 month salary in 6 months”. Saving more is not measurable, you need to say how much. Otherwise this is not motivating and you can never know if you achieved your objective or not.
Achievable – it has to be possible to do it. Actually make it even easier than you think you can do it! Often we fail because we get discouraged.
Resourced – list what you need to achieve your objective. Maybe you need to discuss with your family about money managing, maybe you need to make some research.
Time-Bound – your objective needs to have a deadline – choose if you want to do daily, weekly, by the end of the month, 6 months, 2 years, 5 years.
Here is an example of a SMART plan. The dream of this person is to open a business and she sets SMART objectives for that to achieve in one month, 6 months, 2 years and 5 years.
Review your plan and your objectives now and make sure they are SMART!
Who are the people who make their dreams come true? Are they more determined or intelligent? Do they have more luck? Or do they just have better techniques? Cognitive & behavioral psychologists found the best practices to help people achieve their objectives.
Instead of thinking of your fears and all that may go wrong, think of all you will miss and regret if you don’t try.
Have a plan and set SMART objectives.
Start small and if it’s still too hard, try even smaller but don’t give up. Starting small is also the way we learn naturally, look at babies: crawling then walking then running then jumping! If you start too big, you may put yourself in great difficulty and danger. For example before putting all your savings in a business, make sure to learn about business management first and start with a small venture.
Start NOW, don’t wait for tomorrow. If you start, it will make it easier for you to keep going.
Do something every day for your dream. Make it an habit so you don’t have to make an effort to think about it.
If you fail one day, don’t take it as an excuse to give up. Start again.
Cut your objective in small ones and give you rewards for each one that you achieve like a small inexpensive symbolic gift or a food that you enjoy.
Book regular appointments with yourself (every week and every month) to check your progress and adjust your objectives if they are too easy or too hard.
Ask for your friends support. Tell them about your objectives and ask them to ask you questions about your progress regularly. Their nice pressure will help you.
Have special tricks for difficult days like a playlist of your Power Songs that give you energy.
And read this short story about Mona and her dream!
Mona has a dream. She lives in front of a tall mountain and her dream is to climb it. The issue is that Mona has a disease that makes her legs very weak.
So, for years, Mona would not even allow herself to look at the mountain or think about it. She was scared to be too disappointed if she tried and failed.
One day, she realizes that she will only live once and decides to climb it. She wants to minimize the risks of failing because with her fragile health, her life is at stake and she could die.
She makes some research and reads about SMART objectives to make your dreams come true. The same day she makes her plan. One of her objectives is to be able to walk up the 50 floors of her building by the end of the year in order to get daily exercising. Here is her plan (if you are not fit, ask for medical advice first, this plan may not suit you):
SMALL & SPECIFIC: walk up the stairs of the building instead of taking the elevator.
MEASURABLE: 5 floors once a day the first week, then increase each week by one floor until I can walk up 50 floors.
ACHIEVABLE: I know I can walk up 5 floors I did it before.
RESOURCED: I have access to my building’s staircase.
TIME BOUND: every day and increase each week by one floor.
The first 3 days, she finds it hard but she is very motivated so she keeps on.
After one week, her legs are so sore, she can barely walk. She realizes that she made a mistake, she can to walk up 5 floors but not every day. She gives herself a 3-day break to recover and she starts again with only 1 floor a day. This time she chooses an objective even easier to achieve than she thinks she can make it.
However, even with an easy objective, she has a lot of pressure at work and in the evening, she is really tempted to take the elevator…
One evening she gives up and takes the elevator. She calls her best friend and tells her about it. Her best friend reminds her of her dream and motivates her to start again the next day. With her friend’s support, she goes back to walking up the stairs every day.
Each month she books an appointment with herself to review her progress and for each additional 5 floors that she can climb, she gives herself a small reward like eating her favorite cake or buying a small inexpensive symbolic gift.
Still, some days are harder than others. For these days, she has her special tricks, like a playlist of her favorite songs that give her a lot of energy while walking up!
Day after day, she finds it easier and easier. She is so used to walking up the stairs that she does not even think about it anymore. It just became part of her normal daily life.
After one year and careful preparation she is ready. She starts to climb early morning and after a few hours of walk, she is up! She made her dream come true and is so proud of herself!
And you, what do you do to make your dreams come true and achieve your objectives?
Read here more about the 10 best practices to make your dreams come true.
Why helping is not always the best option? This story will make you think twice before you offer your help…
Watch the video or read the story below
A little boy found a cocoon of a butterfly. One day a small hole appeared. He sat and watched the butterfly for several hours as it struggled to get out of the cocoon through that little hole. Until it suddenly stopped making any progress and looked like it was stuck. So, the man decided to help the butterfly.
He took a pair of scissors and removed the remaining bit of the cocoon. The butterfly then came out easily, although it had a weak body and small shrivelled wings.
The little boy didn’t think anything of it and sat there waiting for the wings to get bigger to support the butterfly. But that didn’t happen. The butterfly spent the rest of its life unable to fly, crawling around with tiny wings.
Despite the kind heart of the little boy, he didn’t understand that the cocoon and the struggle needed by the butterfly to get itself out were Nature’s way of preparing the butterfly for flying once it was out of the cocoon.
Our struggles in life develop our strengths. Without struggles we never grow and never get stronger, so it’s important for us to tackle challenges on our own, and not be relying on help from others. We must also be careful not to make others dependent on us.
And you, how did you develop your own wings? Do you let your loved ones develop their own wings as well or do you help them too much?
Why so many people want to change their lives but fail? They don’t have a plan! You will find out here how to set your goals and make a plan to reach them.
Step 1 – Prioritize. Choose your top 2 dreams.
Circle your top 2 dreams the ones who would change it all!
Why only two first? If you try to pursue too many dreams at the same time, you will lose your energy. That’s why so many people can’t make their dreams come true. They have too many things to achieve at the same time!
Step 2 – Plan
This is a very important step. Many people fail to plan and that explain why nothing changes in their lives!
For the 2 dreams that you selected, plan what you need to do to NOW, in 6 months and in 5 years to make them come true. It means thinking SMALL. What are the little baby steps that will bring you closer to your dream? Make the first actions to do now very easy. It will give you courage to tackle the next ones.
Step 3. Act now!
This is the most important advice to remember. You can make a beautiful plan but if don’t act, nothing will happen. So don’t wait for tomorrow, follow your plan and act now!
Days go by so quickly. Make sure you know what your priorities in life are. They are probably similar to your dreams! Plan time for them in your morning ritual.
Watch the video or read the story below.
A professor stood before his class. When the class began, he picked up a very large and empty jar and without saying a word, he started to fill it with rocks. He then asked the students if the jar was full. They agreed that it was. So, the professor then picked up pebbles and put them into the jar.
He shook the jar lightly. The pebbles, of course, rolled into the open areas between the rocks. He then asked the students again if the jar was full. They agreed it was. The professor picked up a box of sand and poured it into the jar.
Of course, the sand filled up the remaining open areas of the jar. He then asked once more if the jar was full. The students responded with a unanimous “Yes.” “Yes,” said the professor, “I want you to see that this jar represents your life. The rocks are the important things – your family, your health, your children – things that if everything else was lost and only they remained, your life would still be meaningful. The pebbles are the other things that matter – like the activities you enjoy doing. The sand is everything else, the small stuff.”
“If you put the sand into the jar first,” he continued, “there is no room for the pebbles or the rocks. The same goes for your life. If you spend all your time and energy on the small stuff, you will never have room for the things that are important to you. Pay attention to the things that are critical to your happiness.”
“Take care of the rocks first – the things that really matter. Set your priorities. The rest is just sand.”
And you, what are your rocks? Do you devote time and energy to them every day?
Why hoping for the best and working hard are not enough…
This is the story of 2 tourists, Hope and Plan. There are in Paris for only one day. They are so excited to see the Eiffel Tower but they have no map of Paris.
Hope is sure that she can find the Eiffel Tower easily. It’s so big right? So, she just comes out of the hotel early in the morning and starts walking.
Plan also knows that she can walk for long hours. But it’s her only day in Paris, she wants to make sure to reach the Eiffel Tower! So, she takes the time first to ask for a map at the reception and to understand directions.
At the end of the day, Hope has been walking for 10 hours. At each crossroad, she was hoping to find the Eiffel Tower but she was always disappointed. She is exhausted.
Plan got a bit lost in the train, the road was longer than she thought but thanks to her map she finally reached the Eiffel Tower. She spent the rest of her day there, enjoying the beautiful view and taking pictures.
And you, what do you do in the city of life? Hope and work hard? Or hope, work hard and make a plan?