Monday, August 16, 2021 (Day 228)
Relaxing Music for the week: Sound of Invisible Waters: Deuter (9:32) – https://www.youtube.com/watch?v=6NW6Gwx59FY
Question: What, in your opinion, is a “good” amount of money to earn?
Answer: A “good” amount to me isn’t a set figure; it’s one that varies for every individual. For me, it’s enough money that allows me to cover our expenses, allows us to pay down our debt, cover our insurance needs, and provides the opportunity to put away at least 10-15% for retirement and 5-10% for charity. And that’s how I would define a “good” amount of money to earn. Currently, I’m in a situation where I earn a “good” amount of money. Actually, anyone who knows me understands that I am not driven by money; I’ve been told time and time again that i could earn twice my salary if I went out on my own. But I also know that I’ve been called to change how young people view their education – and I LOVE the fact that I get the opportunity to change the lives of hundreds – if not thousands – of students each each with LDC work. It’s comforting to know that I have a salary that allows Rebecca and I to live comfortably, where she gets to work part-time and not worry about things like insurance. I could easily get other jobs at other institutions making a lot more money, but it would take me farther away from doing the work that I love. For example, I saw a job posted looking for someone to direct a first-year experience program, with the opportunity to reshape a first-year experience for students. However, the position entailed supervising a professional and student staff, which would most likely take me out of the classroom and spend most of my time attending meetings and putting out fires, not engaged in LDC work. Yes, it pays SOOOOOO much more than what I’m currently getting in my current role, but it would KILL me to have to supervise a group of people AND not do any LDC work. Money isn’t everything, you know.
As part of my morning reads, I found this really interesting article about Warren Buffet. If you want strategies on how he lives frugally, check it out here:
- 11 Ways Warren Buffett Lives Frugally – https://finance.yahoo.com/news/11-ways-warren-buffett-lives-190014566.html
And while you’re at it, if you’re trying to create a simple budget, here’s a video you might want to check out, using the 50/30/20 rule:
- Here’s a sample budget for someone making $35,000 per year – https://www.cnbc.com/2021/08/15/how-to-make-a-simple-budget-to-save-money-and-pay-bills.html
Hope you find either or both interesting!
P.S. I clip coupons…