Get out of your financial comfort zone

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this is where the magic happens.

When training and you stay in your comfort zone, the gains you gain will not be anything but average. But when you make that extra effort and move outside of the comfort and into the pain then the results follow automatically.

And it is the exact same thing with your personal finances as well.
If you always do whatever you always do, the results will be the same as your previous results. It takes a little extra effort to start building financial freedom. But when you do take those steps outside of your comfort zone, the results will start to follow.

If you feel that you want to make a kick-start into your financial future, then look at what to cut away from your daily/weekly/monthly spending habits.
Even if you only cut the things for a couple of months, the extra momentum you gain will pay of in the long run (by the power of compounding)

So, just to get started. Try cutting some of the following for some months and automatically transfer the cash to your investment/savings instead and see for yourself what happens.

Some ideas of things that might be worth cutting

	SEK
Spotify	100
Netflix	100
HBO	90
Amazon Prime	60
XBOX Live	80
Lotteries	120
Daily News Paper	250
Cable TV	400
Strava Premium	85
Total	1285

The prices above are in SEK as that's what is visible to me. But USD and EUR estimates are just a division by 10 away.
We have some of the things above, some people that we know have them all and they don't know where their money go.

So, try cutting some of the items above, maybe you don't need all of Cable TV, Netflix, Amazon Prime and HBO at the same time?
Can you cut out the lotteries for some time so that you can actually save some money so that you can start investing instead?
And do you read your daily news paper, or could you do it online just as well?

In the end, it does not look like a lot of cash but if you have the daily news paper for a year it goes to 3000 SEK. (roughly $300)

But you want to watch TV, right?
Your choice, stay in your comfort zone or do something drastic to start seeing results. :)

And when you start to see results, it may be OK to back away into your comfort zone again. But who knows, it might be in a new place.

Be sure to read my series on how to stabilize your economy:

Step 1: Stabilize your economy
Step 2: Expectations and mindset
Step 3: Index funds

Until next time: Work to Live, Don’t Live to Work

Disclaimer. I am in no way an expert on capital management or investing. On this blog I only wish to share my findings, ideas and comments on current events and fields that interest me. I hope that my thoughts can entertain you. I expect that everyone reading take their time and do their own research before acting on anything read on this blog. Investing is not for everyone. E&OE.