lifestyle – Page 16

Here we are, heading into the final month of 2019. It’s amazing how time flies by when you are busy and focused.

Business continues to pick up and there were only a few days in the beginning of November where we didn’t have any appointments booked. Since that time we have received a steady flow of business and increased billing for services. On paper we already have enough revenue in billed services to cover all of the start up costs and expenses up to this point. So after a little more than two months we are at break even which is a nice accomplishment.

Another positive was actually receiving our first payment for services. And just in time too, because the business account we opened was getting very low on funds and I didn’t want to dip into our personal account again. We wanted to do the old frame and hang your first dollar tradition, but how do you do that with a check? I just made a copy and quickly deposited it so we had some funds in the account. Continue reading “November 2019 Financial Update” →

Recently some of my fellow bloggers have written some excellent posts about lifestyle inflation and the impact it has on savings and finances over time. My friends over at moneyonfire.blog have a great write up on the subject which you can find here.

This got me thinking about the subject and I came to the realization that over the next year we will be entering a period of significant lifestyle deflation. This has always been the plan as you can’t live full time in an RV and have a lot of stuff. However, the fact that we are now within a year of making this dream a reality is very surreal.

This realization is already starting to impact our decision making and spending habits. Several times this past week we passed on purchases because it wouldn’t fit our future lifestyle. We have had more discussions about things that we need to figure out how to make work in the RV, like computer equipment, as well as things we are going to need help getting rid of. Continue reading “Lifestyle Deflation” →