Life and Spiritual Coaching

November 15, 2008

Moving Out for the First Time – Advice

Filed under: Family,Life Coaching — by Donna Ritter @ 3:20 pm
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·        Always pay yourself first. Put as much money into savings as you can and leave it there until you have enough to live on for 6 months or so. You will never be sorry. Start your retirement fund early and don’t touch it. If you go to work for a company that matches your contributions, take advantage of it.

·        Be wary of credit cards. They are too easy to get and too hard to pay off. If you have to buy it on credit, you probably can’t afford it anyway and most likely don’t need it. If you use credit cards regularly, you will pay many times for the same item. Save buying on credit for two major purchases, a car and a house.

·        Invest your money in things that you understand. If you don’t understand it, then either educate yourself or find something you do understand. This understanding will help you decide when to invest, when to hold and when to sell.

·        Find a job doing something that you love to do. You spend most of your life at work; it helps to enjoy what you are doing. This may seem like a strange to say that while making a lot of money is great, doing something that you enjoy and are good at will bring you more satisfaction in the long run so try to find a balance between being a starving artist and overstressed CEO.

·        Keep an emergency savings account.  In a perfect world, this would be enough to support you for 6 months but it can be as little as $1000.  The emergency funds purpose is to pay for emergencies.  I know you are saying “duh, Mom” but you have to understand that emergencies happen all the time. It is for things like the car broke down and I can’t get to work without it.

·        Setting down. When you find that special person, make sure that they are someone who will support and respect you.  Hopefully, you will find someone with similar goals to yours, both financial and life goals.  I have found that while love is grand if the support, respect and common goals aren’t there, love loses out at worst and at best your life will be a struggle. I was so lucky to meet your Dad. We were best friends for a long time before we dated and it made all the difference in the world. When hard times come, and they will, you need your best friend to support you and hold you when you think you can’t go on.

·        Your career. Whatever you do, do it with all your heart.  You are smart enough to do anything you want to, you just have to make up your mind that you are going to do it.  Don’t let anyone beat you down.  Don’t settle for second best, you deserve the best of the best.

 

 

 

 

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November 10, 2008

Travel!

Filed under: Life Balance,Life Coaching — by Donna Ritter @ 12:35 pm
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When you are a young adult, you have the perfect opportunity to experience life in its fullest! You don’t have kids yet or a house to tie you to one place. Explore! If I was in college again, I’d take a year off to travel the world. You don’t need a lot of money if you stay at youth hostels and use a rail pass to travel around Europe. If you have other destinations in mind, research how you can do a work/study or an exchange student program. If you really get to know the local culture, it will teach you more than any college course could. Plus you’d have fun!

This is also the time to be spontaneous decisions, since you don’t have the baggage of an older person to carry. Be daring! Explore yourself. Get to really define yourself.

Talk to people from another culture. Try their food and check out their customs. Talk to the older people in the area. Learn about their history. This will give you invaluable experience and insight!

Before you leave for the journey of your life, check the internet to brush up on the places you plan to visit. Look for where the tourists go – and make sure those aren’t the only places on your list. You want to check out where the locals go and live. Try to learn some of the language before leaving. Also, check for travel deals offered at the time you are going to be there. Make sure you write in your journal.  

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