Financial Abstinence

Last year was particularly hard. There was covid and the lockdown. A lot of our tenants from our commercial properties left in the middle of their leases and a lot of them renegotiated their rents.

This left us with a lot of financial pressure. We were forced to reconsider a lot of our expenses and our lifestyle.

I was very used to have a lot of money (or enough for me) to spend every month. I did not really have to think hard about arranging money if I really wanted to get something. Going for trips, eating out etc were just routine activities that I did not have to think about at all.

Since the corona pandemic, with the tighter financial situation, I have had to really simplify my life. I had to let go of the dog walker and reconsider almost all purchases I was making.

I had also set a very tight investing schedule for myself every month. That is still going on. I need to come up with a certain amount of money to keep that going.

Plus, I had invested money in some instruments that are not liquid. They will mature in 6 months to a year. So now I am in a place where I have a limited amount of money at my disposal and I need to check my calendar for when the next financial instrument is going to liquidate.

Let’s see if things improve before that and real estate picks up. That would be nice. Otherwise, this is going to be a financially tough year.

I think to figure out a way to not think about spending money and do things to pass my time without channeling my energy into ideas of spending money.

My online learning goals have really helped with this.

The online workouts I have and the walking and biking are completely free.

Actually, most of the best things in life are free.

However, I do realize that my past actions have built in me an impulsive habit of spending on large things like the bikes I have bought in the past to satisfy myself. I need to keep that in check. Definitely for this year.

This is going to be like a cross country race. I will need to pace out my innings very carefully.