Saturday, May 8, 2021 (Day 128)
Meditation Music for the week: Touching Calm: Liquid Mind (7:44) – https://www.youtube.com/watch?v=qlUKEoBgois
Question: What do you need to believe about yourself and about the world to make your biggest goals and dreams a reality?
Answer: As a Dream Coach, I always believe I can achieve the goals and dreams I set out to achieve. For me, it’s not about believing – it’s about taking massive action (Grant Cardone style) to make my goals and dreams a reality. Right now, my biggest goal/dream is to create a Center/Office that’s focused on helping people answer the question, “What should I do with my life?” And not just in terms of work, but in terms of all aspects of life – career, education, lifestyle, health, spiritual, etc. It’s empowering others to get clear about who they are and what they want, then creating a plan and a path to get there. And the most important part? DO IT!!! So many just wait for the right thing to happen; not me. I’m a pretty proactive guy, so I’m going to with the right people who might be able to help me achieve my goals and dreams. And right now, it’s a place to do this work, preferably within the community college system. As you’ll see in “Other Stuff” below, I’ve been thinking about this community college path for a while, especially as I consider education over the next 5-10 years. And I know there’s something I can do to help people make better decisions about work- and life.
I’ve been on this kick about financial literacy and the value of a college degree…and started doing some digging. Check this out:
I was calculating a few numbers the other day, examining how much you would earn if you saved $1 a day for 40 years (if you start at 20 years old), earning 5% interest. Just $1 per day means that you could save $14,600 over 40 years and earn $46,639.11! Now, if you look at a latte at Starbucks, where you pay $4 a day, use that money to save for retirement starting at 20 years old. Again, saving for 40 years at 5% interest, you’d invest $58,400 in order to make $186,556.44. That’s just $4 a day, $28 a week, $121.67 a month. And yet, 45% of Americans don’t have anything saved and 19% have less than $10,000 – and all they need to do is save $1 a day. When you look at it that way, it’s kind of mind-blowing.
Then, I started thinking about jobs and earned income over one’s working lifetime. I started out with this:
$15/hour x 40 hours/week = $600/week x 50 weeks = $30,000
(In case you didn’t know, the poverty level for a family of 4 is $26,500)
If you make $30,000 a year and work for 35 years (from age 25 to 60), you will earn $1,050,000 in your lifetime. That’s assuming you stay at that salary level for 35 years and not get ANY increases in pay. That doesn’t take in consideration pay raises, leaving for higher paying jobs, etc. It’s just a straight, $15/hour pay for 35 years.
My question is…if you are single, can you live on a $30,000 salary BY YOURSELF? Now, when you think about two-year degrees, how many jobs with 2-year degrees start out at $30,000? If you don’t know, check out this web site: https://www.payscale.com/college-salary-report/majors-that-pay-you-back/associate
I could go on, especially if I talk about debt and length of time to pay back loan, but we’ll save that for another conversation. My point? You can easily save $4 a day – and still have something to show at the end.