Small changes. They don’t take much effort, but they can often lead to a MASSIVE difference in your life down the road.
Are you discontent with your future outlook? Consider making the small changes outlined in this article! I bet you’ll be glad you did!
Small Changes That Can Transform Your Life!
About 2 years ago, my wife and I moved outside of town and bought a house on 6 heavily wooded acres. Put simply, it has been awesome!
Just recently, I decided to create a path through the heavy woods so we can freely walk/hike/cross country ski around our property with ease. I finished it roughly 2 months ago and we’ve been loving it. We use it all the time.
One example of its use — When I can’t break free from work (in our upstairs bedroom/office) for more than 15 minutes for a heavy workout, I go for a quick walk on the trail. It frees up my joints, lets my mind wander, AND I get to breathe in the soothing scent of pine. 🙂
As I was walking through the other day, I slowed my steps and really tried to relax – to take in all that God has created around me and to feel thankful and blessed for what we have in life. As I began to relax, my head lifted and I was shocked to see the trees whipping from side to side! I truthfully had no idea it was so windy since I was in the dense woods, protected from the elements.
This simple experience reminded me of one major truth in this world:
- small changes are nearly unrecognizable at the time (the small movement at the base of the tree), but can create transformative results in your future (the variation at the height of the tree is great, which represents the breadth of options for our future…but they’re dependent on the small actions we take today).
When you’re looking to transform your life, big changes are obviously best for massive future results, but small changes can make quite a difference as well! And, to be clear, I’m not talking about signing up for one of those automated savings accounts where they stash away $20 a month for you. THAT’S not going to make one bit of difference in your life.
Want to make a change that impacts your financial life? Consider the options below:
1) Clean up the clutter
Like I said, we’ve lived in our house for 2 years…and ALREADY our basement is becoming flooded with our unused stuff! It’s pretty sad really. And, it impacting us negatively in two ways:
- First, it’s reducing our space and increasing our visible clutter, which makes us feel cramped and anxious whenever we see it!
- Second, it’s hurting our wallets. These things are valuable and we’re just letting them sit around collecting dust!
Clutter is never good…for anyone.
I suggest that you dive into one room a week and start digging through your stuff. Make two piles – one for donating/selling, and the other for throwing away.
It’s really not that hard and it can actually be fun to see and experience all your old stuff again!
2) Sell your stuff
Whether you had rooms to sort through or not, we ALL have stuff to sell.
I’ve had the best luck selling our stuff on Facebook, and it seems a little safer than the traditional sites since you actually know a bit about who you’re meeting to make the purchase.
Here’s our current list of things to sell, and how much we think can get for them!
- baby crib = $200
- wall hangings = $50
- books = $20
- DVD’s = $10
- ice cream maker = $15
- baby bottles = $10
- annnnd TOYS and toys and toys…. 😉 = $200+
If we sold all this stuff, we’d likely make $500. Now THAT’S certainly worth it!!
Remember when you used to go out to eat all the time? Well, the pandemic may have changed that a bit, but I bet you’re still spending excessively. You’ve just changed your habits.
- Instead of eating out, I bet your Amazon purchases have gone way up.
- Or perhaps you’re getting food delivered.
- Or maybe instead of just one TV subscription, you now have four
Our spend has gone up on all of the above…guilty!
So what’s the solution? Take a serious look at what you truly need right now and start dialing it back!
Cut back on the Amazon spend
For us, we need to take a hard look at our Amazon spend. Instead of just using Prime to buy any little thing at any time, we should wait a few days, let the items stock up, and then decide what we truly need to buy and what we should just disregard.
Slowing down food delivery
Supporting our local business is one thing, but putting yourself in a bad financial spot because of it is another. If you aren’t making any headway on your savings, you just need to stop.
- Go to the grocery store with a plan
- Buy healthy, inexpensive food
- And prepare your meals on your own
Reduce your TV subscriptions
We started the pandemic with YouTube and Netflix. Combined, we spent $59 a month. Not terrible.
Then, YouTube jumped to $65 a month.
And…we also started Prime… so that’s another $12 a month
With Netflix at $9, we’re spending $86 a month now! Ugh. That’s just too much. It’s time to pare back and look at what we truly need again.
- Can we get by with an antenna and Prime?
- Or an antenna, Prime, and Netflix?
- Or maybe there’s a better cheaper option than YouTube?
Make a big difference with this small change. Truthfully, getting rid of a few TV subscriptions is not going to hurt that bad. In fact, it might even allow you to take up reading again and actually learn something! 😉
Related: 10.5 Ways to Cope Without Cable
4) Save up $1,000
Have you ever had a comma in your bank account?
If you haven’t, it should be your number one goal starting now. That first $1,000 is truly a life changer.
Per my recent post, “6 Reasons Why You Should Always Have $1,000 in the Bank“, you should get that grand and stash it away because…
- It is a nice buffer for when the unexpected happens
- your car dies
- you get sick and need to go to the hospital
- or maybe you’re laid off from work for a month with no pay…
- You can save a TON of money on insurance/warranties by getting high-deductible insurance and forgoing extended warranties (because warranties are for suckers)
- It frees you up to give more
- And it takes some of your stress away! You wouldn’t believe what a little financial buffer can do to your anxiety!
5) Start putting extra money toward your debt
Are you currently in debt?
Ever consider getting out?
Now is as good a time as any! And, think about how many payments you make each month…What if you didn’t have those? What would you do with the money?
Pretty cool to think about, huh?
Let’s make it a reality.
Make a commitment today to start paying extra on your debts. I bet you don’t even realize how big of an impact it can make.
The Impact of Small Changes to Your Debt Payments
Check this out. (By the way, think this is cool? Do it for yourself! Here’s the free debt snowball calculator download! :))
This is a chart of someone’s debt load — $25,000 worth. They only make the minimum payments, which is going to clear them of their debts in 36 months. It’s not awful, but it’s also not great.
What if…we put $200 extra dollars toward those debts each month. What would happen?
Instead of waiting 3 years to pay off your debts, you could get out 8 months earlier! You could be totally debt free in 28 months!
What if…we put $500 extra dollars toward those debts each month… Then when would we be debt free?
Just 21 months!
What would you choose? 36 months or 21? Imagine what you could do if you got out of debt 15 months earlier than the plan you’ve got going today!
Get out of debt early, and you could invest heavily! Which leads us to our next point! Investing!
6) Bump up your investments
Are you currently investing in your retirement?
If you’re out of debt and have a solid emergency fund set up, then you absolutely should be!
Small Change, HUGE Impact!!
Here’s a similar example to the one above.
Let’s say you’re 25 years old. Your plan is to contribute $100 to your retirement every month until you’re 65 years old.
This will net you $584,000. (Again, think the tool below looks cool? Get the free download yourself right here!)
Not bad! Good for you.
But what if instead, you invested $400 a month?
As you may have guessed, your retirement account goes up nicely, but would you have expected THIS?
Instead of having $584,000, you’ll instead have $2.3 million!!
Whoa! That might just be worth the extra $300 a month!
What Small Change Will You Choose to Make?
Are you ready to make a small change? I mean, why wouldn’t you? It could make such a huge impact in your life!!
Of the options above, which small change would you make? Or perhaps you’d make a different small change?
My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.