There is a skill that you want to acquire. You are aware it you will need more mental energy, space, time and possibly money to make its application smooth and seemingly endless. Yet, you are no willing to give up any time. You choose to multitask. The main issue is that it is not a focused way of acquiring a new skill and your other project are paying the price of your carelessness. You are taking twice as much time. Your mind is scattered. You are feeling tired. What is advisable then. Stop for an instant and focus your time and energy on one task only. You will be more efficient, faster, freer.
In the following blog post, I share the results of two analysis. The first one is an analysis of my spendings by categories after a year, the second is analysis of what I want to achieve by category. The analysis contribute to my main aim which is to achieve financial independence. I am currently trying to pay a debt - 12K for a student loan. To do the first analysis, I downloaded all the statements from my current account in an excel format. I assigned a category to each entry. What are the results? I allocated 18% of my resources to my loan and the same amount to travel to France and have a couple of trip in the UK. I spent more money on conspicuous consumption than food. I did not have many outings that involved financial expenditure. What am I missing? I haven't got a good idea of what all the cash I have taken out was used for. A part of it must be to commute to work, then it is a mix of food shopping, outings, shopping and more outings. For the second analyy...
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