Saving 10% of your paycheque and putting it in savings should be automatic. Almost every financial book I’ve read tells readers to follow this rule.
Does this mean I have been diligently following it my working life?
I am definitely not proud of this, but it’s the truth. After graduating from university and working a minimum wage hostess job, and balancing student loan payments, rent, food and a lil’ fun, saving 10% was out of the question.
Nowadays with a full-time job and several side-hustles it’s possible.
In August, I consciously put away 10% three out of four weeks.
To be honest, I was quite proud of myself. It feels amazing to receive a paycheque and put away 10% into an account you don’t touch. Only, at the end of the month…I used it.
I just started a podcast on my personal site and needed to hire a freelance team of three to help me make the podcast happen. This definitely tapped into the 10%.
I’m a little disappointed that I’m not continuing to build up a nest egg, however, I am excited that I’m investing in my future.
For the month of September, I’m challenging myself to make mo’ money with Airbnb. I’m travelling for work and vacation for half of September and my one bedroom apartment in downtown Toronto is literally waiting to be rented out. I hope to be able to pay for half of my rent through Airbnb! It’s a lofty goal as a first time renter – but hey, it’s a challenge and I’m up for it!
Have you ever rented from Airbnb? Any tips? If so, comment below and help out a first-time renter