ILP-0092: Defining Your Lifestyle As An Immigrant
Lifestyle is being able to do what you want, when you want, where you want, with who you want, and how you want, without worrying about time or money.
In order to embark on that journey of lifestyle design, it's important to answer this question: Is what I'm doing right now the best use of my time in living and creating the lifestyle I want for myself and my family?
I think a good way to start is to understand how you currently spend/invest time. And I have a fun exercise that I have done. I kid you not, you will amaze yourself when you do it! I was shocked at where my time was going! Ouch! It's simple. I call it the time matrix.
Besides sleeping, eating, and commuting here’s 15 areas of your life to consider which you would put into your time matrix, and they are, once again, besides sleeping, eating, and commuting, they are attitude, business/work, charitable, civic involvement, educational, emotional, family, financial, lifestyle, physical, reflection, romance, social, spiritual, and wisdom.
Fill in your current schedule
Fill in your dream schedule
Fill in your next step schedule
Let's talk about money. You probably already have an idea how much you currently earn so we won't go there.
The next question is how much do you want to earn a year?
Simple. If you want to make 100k a year working 40hrs a week, 50 weeks a year which is typical then you would be earning $50/hr. That means you will be taking 2 weeks of vacation as well. But if you prefer to work 40weeks a year and only 20hrs a week then you would need to earn $125/hr for 20hrs and 40 weeks every year. Working less but with higher per hour income, you will still end up with 100k a year and have 3 months of vacation if you wish!
Play around with the numbers and time that you want for yourself or for things you hold dear.
But there are obvious questions or fundamentals. How much are you earning today? What do you need to do in order to earn the kind of hourly rate that will give you the lifestyle that you desire?
This is what helps you in deciding the kind of vehicle - employment or business that you need to engage in so you can have the lifestyle that you want!
This is a very short introduction to an upcoming method that I am working on which will help you live a colorful immigrant life!
I wish you well.