Step 8 Preparation
- Update your wall chart, if you haven’t already.
- Keeping in mind Step 6 (minimizing expenses) and Step 7 (maximizing income), assess where you stand in terms of receiving value for your life energy:
I could increase my income to a greater degree
My income and expenses have currently stabilized at a point of maximum value received for my life energy.
- Envision your life without a paid job: How would you spend your time? What would be important to you? How might your answers to these questions affect your wall chart?
My expenses would decrease (due to the lack of work-related expenses or greater time for do-it-yourself projects, and others)
I would receive income from selling assets that were no longer necessary (commuter car, “primary” home, and so on)
I would spend money buying new assets (musical instruments, electronics)
- What is inflation? Note all statements that are true for you:
A result of banking policies that devalue money
An indicator of a healthy economy
An economist’s statistic, manipulated for political ends
An economic force that I cannot control
A generalized number that doesn’t accurately reflect my personal experience