I spend a good deal of time around here talking about productivity. This is because I spend a good deal of my time elsewhere trying to figure out how to optimize my productivity.
Optimizing productivity is one way to help optimize your life. If you can be more productive during your working hours, you can make more money and save more time that you can spend on other endeavors or with your family and friends.
The key to all of my productivity hacks and tricks all centers on one cornerstone:
On leaving high school, I made an interesting observation: My grades were higher when my schedule was busier.
It was easy to make the distinction between busy semesters and less busy semesters. You may have guessed based on reading around here for a bit that I’m a nerd. Befitting that, I was in the marching band in high school.
A marching band that was regularly the number one band in New England.
For those of you who have not been in a competitive marching band, it is very time consuming.
We practiced for three hours after school two days a week and practiced all day on Saturday.
Once competition season started, we would bus out to competitions on Saturday and Sunday each week.
Over the last couple weeks I’ve run through a lot of my philosophy behind saving and investing. I discussed that I invest at least as much as I spend every month because I want to buy options for my life, because I see the value of labor declining over time, and because I don’t want to need to start a new career path if mine gets automated out of existence.
I save and invest a lot. I track my spending and investing and have a goal of investing (between retirement accounts, health savings accounts, and taxable accounts) more each month than I spend. I have successfully hit this goal every month for the last three and a half years.
I recognize that this is unusual.
I have spent a good deal of time preparing taxes for folks in a pretty well-off area, and I am aware that most people don’t save like this. It is especially unusual for young people. Continue reading “Why I Save So Much”