Posted by Dave on November 18, 2014
I will freely admit I am a procrastinator. When I was taking accounting courses, it took me more than a few nights of little sleep and some dopey days at work before I finally talked myself into getting things done at least two days before the deadline, giving me time to revise and change answers, while giving time to not falling behind on the heavy amount of reading and studying required in the increasingly complex information.
After the school experience, I’ve tried to get better at doing things before they’re supposed to be done. The anxiety caused by rushing close to deadlines whether it’s work or home stuff just isn’t worth it to me. So I greatly disappointed myself by not following through on my “fall project” of losing a few pounds so that I would be more comfortable in exhibiting my pasty torso while on my upcoming trip to the Dominican Republic with my wife. I realized about a week ago that this wasn’t going to happen – mainly due to a lack of discipline on my part around not going to the gym enough and overindulging during weekends – so now I have a new winter project and will hopefully be in peak condition for the spring golf season next April and May.
One thing that I am really trying not to put aside for later is investing for retirement. After paying off our house in May of this year, my wife and I had to spend a few months “replenishing” our savings accounts which we almost wiped out in order to make our final mortgage payment (we didn’t want the hassle of shopping around, and had enough money sitting around that could be directed in the short-term towards the mortgage).
It would have been easy to do what I do with most things – get interested in something else and sidetrack our goal to a future date – going on more trips, buying more fun stuff, paying for “adult things” around the house that we have held off on doing over the past 5 years we’ve lived here. Thus far, we have avoided the temptation of home improvements, along with more than usual fun purchases, and are now redirecting our savings to investment accounts.
Once we started, it has been a lot easier to maintain. I set up automatic payments from my bank account to my Questrade account, which takes a lot of the decision making out of my hands. I can foresee a time where the constant savings will turn into a grind that we’ll think about not doing – much like my 60 –day “get in shape plan” that I ignored in lieu of eating more pizza and playing video games instead.
We’re interested in seeing how the next decade goes, as our paltry savings will hopefully turn into a significant source of income to our lives, which will (in the absence of economic disaster) allow us to be able to exit the workplace.