Write it down!
I have written previously about if it’s not written down, how do you know it happened (a phrase I stole from Tom Clancy), and last week I wrote about financial plans (and revisiting them mid-year), and that is another good example of something you should write down somewhere. Simply thinking up a financial plan but not writing it down, or building a spreadsheet to monitor it (or some tool like that), how can you tell if you are succeeding or not?
Without writing down your goals and your plans, your mind can play tricks on you, or worse you can forget important goals that you need to achieve to reach Financial Nirvana (as it were)? You don’t need to be journaling or anything like that but simply creating a simple document with your goals written down may be enough for you to keep those goals in mind over the year. It’s not very hard, and a very useful way to keep yourself focused and also a way to keep yourself motivated.
Examples of things you should write down:
- Your financial plan, and goals for the year and maybe for your life
- Every cheque you write, as well as every monthly withdrawal from your bank account
- If you don’t know where all your money goes, write down for a week every time you spend money and then at the end of the week look and see where you spend your money.
- Use a calendar to remind you about when bills are due, monthly payments, birthdays, and anniversaries too (maybe reminders before those last two about when to buy presents)
- Many, many other things, that you think you might forget financially!
Nortel Sells The Ca$h Cow
Nortel announced the sale of their wireless division on the weekend for $650M which is a good thing for the folks left at Nortel, a good thing for Nokia/Siemens but not sure if it is good for Nortel creditors or pensioners (remains to be seen). For the longest time the wireless group was the engine that drove Nortel sales and revenues, so to see it sold for such a discount, it is sad, but hopefully it means the remaining survivors at Nortel can keep their jobs.
Good Luck Toronto
As I write this the City of Toronto is poised to be crippled by a Garbage strike, I can’t recall any garbage strikes I have lived through, although I have seen video of the garbage strike in London England in the mid-70’s, and I was very impressed by how much garbage a big city can accumulate in a very short period of time (and the mess it can create). Striking during an economic apocalypse is a gutsy play, but then again Refuse Collection is one of those jobs that not many folks would do either, so we shall see. Might be time for Torontonians to look into cholera shots?
Belated Happy Father’s Day
For the Fathers out there hope you enjoyed your day, traditionally the day when the most collect phone calls are made, sort of sums up being a Dad, doesn’t it?
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