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Month: May 2018

Did Travel Ruin My Sense of Fulfillment?

Did travel ruin my sense of fulfillment? Travel is an eye-opening and enriching experience. But I can't help but wonder if it helped or hurt my sense of fulfillment.I used to think my livelihood and path towards fulfillment had to come from my career. Success and fulfillment were only things that could be achieved through some job you would hear people marvel at.

A job at a top public relations agency? That was considered impressive. Working long hours juggling different client accounts? It was admirable.

Growing up in a small town with 8,000 people and three traffic lights, I had always wanted more. Like most angsty teens, I dreamed of escaping the place and going on to live in a bigger city. One that had a diverse group of people, frequent events, and strong career prospects. 

To set myself up for success, I filled up my schedule with things to do. I joined the drama group and started acting in plays, did swimming, participated in several clubs, and had a class roster of advanced placement classes.

I tried my hardest to do good, making sure my grades were staying up and vigorously preparing for standardized tests like the SAT and ACT. Independence and escape were important. 

Did travel ruin my sense of fulfillment? Travel is an eye-opening and enriching experience. But I can't help but wonder if it helped or hurt my sense of fulfillment.

Figuring out a career path

There was a vague idea of potential career paths in my mind as a teen. I really liked making videos. I worked on web series and skits and had a YouTube channel. Audio Video Production was one of my favorite classes in high school.

Once in university, I chose the mass communication and media program. Wanting to get better at my speaking and writing skills, I specialized in public relations.

From there, I quickly decided I wanted an illustrious career in the journalism or public relations/media relations industry. It was fascinating to watch journalists be the unsung heroes on TV and in movies. My downtime involved reading The New York Times for hard news and picking up copies of Entertainment Weekly and Rolling Stone for long-form profiles. I was hooked. 

I worked on my college newspaper as a news reporter and at my college radio station as an anchor. The positions got me closer to that vision of fulfillment I wanted, which was to get a media job.

Did travel ruin my sense of fulfillment? Travel is an eye-opening and enriching experience. But I can't help but wonder if it helped or hurt my sense of fulfillment.

Eventually, there was the realization of how the depiction of writers and journalists in Hollywood was a tad glamorized. Anyone who has ever read an article deconstructing Carrie Bradshaw’s spending habits from Sex and the City probably knows this. 

But, it wasn’t just Hollywood that clouded the reality. The industry also did it. It didn’t matter if you worked 60 hour weeks in a low-paying journalism job, at least it was at a well-known news organization that would yield satisfactory expressions.

Are the jobs all they’re cracked up to be?

path towards fulfillment
from GIPHY

Towards the end of my college career, I had finally gotten the position I had been pinning for: an internship at a public relations agency. The role involved assisting with client accounts, compiling information on competitors, and finding ways to get a client media coverage.

I hated it.

Something weird about the PR industry is how being overworked and stressed is seen as normal and even cool. A job as an account coordinator usually involves 50-70 hour work weeks, juggling five to seven client accounts, and having to bring your laptop home to do work on the weekends, all while earning $32,000-36,000 a year.

My idea of fulfillment up until that point had always been to get a PR job and rise through the ranks. As I worked through that internship, that idea slowly faded away.

Figuring that it was just the particular job, I brushed it off. Once I graduated, I started applying for jobs in public relations and content marketing.

A lot of the jobs were paying $30,000-35,000 a year for roles that required tons of hours, lots of tasks, and no real growth opportunity. For a while, I accepted the idea of it.

I liked working in the field and wanted that coveted job title of account coordinator. It was a ticket to the life I wanted. A sense of fulfillment. 

I never did get that job title. Numerous rejections came through, citing that while I was a good candidate, I didn’t have the two to three years of experience they wanted for the entry-level role. 

Eventually, I took a blue collar job installing internet and phone systems. The job involved climbing telephone poles in the super humid 100+ degree Fahrenheit Texas weather.

I.was. miserable.

All of the hard work I had done up to that point didn’t seem like it mattered. I just didn’t see how it could work given that all the jobs I came across paid $35,000 or under and required two to three years experience.

A Change of Direction

I’ve always been a big homebody. Give me a book and good indie movie and I can stay in the house all the time. I used to never like going out or traveling in faraway places.

It probably had to be due in part to the people in college who would come back from a five-week study abroad trip and act like they had gone through a ~~spiritual awakening~~. 

Inadvertently, I ended up sort of being one of those people. No, I’m not going to mention living abroad every five minutes like some vegan crossfitter. (which one do they mention first?!?)

But after living abroad for 19 months in Thailand and Australia, my perspective has shifted. Living in those countries and traveling to other ones, exposed me to different groups of people.

I learned the value of experimentation and being put in a place of moderate discomfort. Travel opened up a part of curiosity I never thought I had before. 

I do still desire to move to a bigger city like Chicago or New York. Although, the blind veil of willingly accepting a ‘cool’ position is lost on me now. What fun is it to have those jobs if you’re living paycheck to paycheck and can’t afford to do anything? 

The reality is always different

A few weeks ago, I went to New York City and visited a friend while there. She had moved to New York right after graduating college and started working the dream position she had been working towards.

She revealed how she wanted to move somewhere else for a change of pace. Living in New York and making a shockingly low salary of $30,000 was tiring after a while.

Did travel ruin my sense of fulfillment? Travel is an eye-opening and enriching experience. But I can't help but wonder if it helped or hurt my sense of fulfillment.

A few people I know ended up moving on from their PR jobs. Into more fulfilling work that better aligned with where they wanted to go.

It made me wonder about how travel has ruined my sense of fulfillment.  I got a taste of working in PR and I didn’t like it. The reality ended up being different from the expectation. Putting in the work and paying your dues is still necessary, but I now know that it doesn’t have to involve being miserable and broke all the time. 

Putting in the work and paying your dues is still necessary, but I now know that it doesn't have to involve being miserable and broke all the time. Click To Tweet

The world is diverse and rich with experiences. Travel has brought me into contact with some wonderful lessons.

The lessons are not always some blissful “Eat Pray Love” kind of lesson. Being lost in the hectic streets of Myanmar is anything but relaxing. Running out of gas on a desolate road in Koh Chang, Thailand is scary. Both of those things happened to me. While they weren’t a zen and enlighting thing to experience, they did push my perspective to different limits.

I don’t desire to be one of those constant traveling digital nomads. My days of long and constant travel are behind me, but the effect of the experiences have stayed with me.

For the longest time, I tried to make sense of what I’ve been doing these past 3+ years I’ve been out of college. It has looked a lot different than I anticipated. For the longest time, that caused me anxiety. 

I need to have a plan! Why am I not working in my field? Ahhhh. 

I thought having a set plan was the key to success. Travel showed me it didn’t have to be that way. It wasn’t the end of the world if I didn’t get my dream job I’d been hoping for. 

Priorities change, but the journey can teach you lessons you wouldn’t have learned otherwise.

Did travel ruin my sense of fulfillment? I don’t think so. It just shifted it.


How did you find your sense of fulfillment in life? 

Student Loans Stressing You Out? Here’s What to do

Student loans stressing you out? Here's what to do.Student loan debt is now over $1.4 trillion. Yep, let that sink in. The Class of 2016 (latest data) graduated with an average of $37,000 in student loans.

Student loans stressing you out? You’re not alone.

Student loans are a big problem for many people. They contribute to the delay of many life events like travel, marriage, kids, saving for retirement, buying a house. Aside from big life events, they can also affect your day to day, robbing you of the ability to have a greater quality of life that being debt-free would entail.

There was a strong sense of relief I had when I finished paying off my student loans and became debt-free. No, it wasn’t some mega event where rockets shot out and confetti rained down on me. However, it did feel good.

After seeing the final payment go through, I finally felt like I had a little bit more control of my life. More options.

Student loans stress out a lot of people. Destroying them is a long battle filled with ups and downs. If you’re feeling like student loans are stressing you out, there are some things you can do.

Assess the Situation

You probably have a general idea of what your student loan debt is. It’s the number you see when you log in to your loan provider account.

Seeing the number is a good start, but it’s best to lay out your student loans. Lay them out to get a clear picture of where each payment is going and what the current state of them is.

  • Remaining balance
  • Interest rate
  • Monthly payment
  • When they will be gone if you keep paying the minimum monthly payment.

A great free tool I found for managing this is Undebt.it. You sign up for an account, input your various debt amounts and interest rates, and it will tell you the projected payoff date depending on how much you put towards your debt every month.

Undebt.it lets you follow the debt payoff plan you choose. This can either be the debt snowball (lowest balance first), debt avalanche (debt with highest interest rate first) or your own custom plan.

The tool is free to use. It can be a great way to visually see your progress as you pay off your debt. I used and loved Undebt.it during my own student loan payoff journey. Seeing the progress I was making is what helped me stay on track and keep from getting discouraged.

Understand Your Federal Benefits

I graduated college with $21,000 in student loans. All of that debt was in the form of subsidized and unsubsidized federal student loans. For an increasing number of college students, this isn’t the case.

The gap between federal loan limits and college costs continues to grow wider. As a result, more people are taking out private student loans in addition to federal student loans.

If most or all of your student loans consist of federal loans, then you have many repayment options on your side.

Standard 10-year repayment: The most common type of repayment plan. You pay a set monthly amount for 10 years.

Graduated repayment: lower amount at the start, increase in monthly payment every two years. 10-year overall repayment term. Benefits of this can be lower payments when you’re making a low entry-level salary. As your salary increases, the monthly payment does, making it manageable for some.

Extended repayment plan: extends your repayment term to 25 years. The monthly payment is a fixed or graduated amount.

Income-driven repayment plan: monthly payment is a percentage of the total income you make.

The extended, graduated, and income-driven plans can be great if you’re struggling to make the minimum payments while on the standard plan. The downside is you pay more in interest over time.

Go through each of the plans and weight the pros and cons to find the one to best fit your situation. It’s all about what works for you and helps make the debt manageable.

See if You Can Refinance Your Student Loans

The higher the interest rate, the more you pay.

The journey to paying off student loans is often a years long process. If you have student loans with high-interest rates, consider refinancing them. Doing so could save you thousands of dollars over the course of your repayment journey.

One of the things I have wondered about my own student loan payoff journey is how much I would have saved if I had refinanced them. I didn’t have any private loans. They were all federal loans with interest rates of 4-5%. I did, however, have a big unsubsidized student loan with a 6.8% interest rate that dragged me down a lot.

I’ve stories of people being able to save up to $20,000 on their student loans by refinancing them to get a lower interest rate. This usually happens to people with a lot of private (i.e. high interest) student loans.

LendEDU is a great tool to use if you’re considering refinancing your student loans. 10 questions and three minutes is all it takes to find and compare the best interest rates from several different student loan refinancing companies.

Explore ways to pay off your student loans faster

Usually, this involves making more money. Finding ways to grow your income can be tricky at first. Start by identifying some low-hanging fruit. This can be taking surveys, using cash back credit cards, and cashback sites.

Taking surveys can be a good way to make a little bit of money in your downtime, like when you’re watching TV. You’re not going to get big bucks from them. In my personal experience and from what I’ve seen, you can probably make about $50-100 a month taking surveys.

Cashback credit cards can be really good. You probably have several regular, recurring expenses like groceries, cell phone bill, gas, rent, and auto insurance. Why not put those expenses on a cashback credit card and get rewards?

I have a Discover It Card that earns me 1% cash back and 5% in rotating categories. I also have the Ebates cash back browser extension installed so I can earn cash back on my online purchases. I’m able to redeem my cashback by sending it to my bank account or getting things like an Amazon gift card, which allows me to buy books (I love books!).

After you’ve implemented some simple ways to make a little extra cash, it’s time to step up the game. Look into how you can start and grow a side hustle that can yield you a nice little stash of side income.

Arm yourself with some knowledge to get going. Read books on side hustling to get in the growth mindset. Become a frequent visitor to freelance/side hustle focused websites. My favorites are Side Hustle Nation, The Write Life, and the And.Co blog.

Starting a blog can a great way to build your skillset and a side hustle. When I first started this blog, I had no idea what I was doing (sometimes I feel like I still don’t….haha). Along the way, I started to improve.

A blog allows you to gain experience in digital marketing topics and parlay it into different side hustles like freelance writing, social media management, virtual assistant, and digital marketing consultant. 

My first freelance writing client came about because the person read my blog, liked it, and decided to hire me to write content for their website.

Pick a Debt Payoff Plan

Debt snowball or debt avalanche? It’s a constantly debated topic about which one is better.

The debt snowball method involves paying down the debts with the lowest balances first. This allows for quicker gratification since you’re able to pay the debt off faster.

The debt avalanche involves paying off the debt with the highest interest rate off first. Mathematically, the debt avalanche saves you more in interest since you’re saving money on interest by paying off the highest interest debt first.

The answer? Whatever the heck works for you. The important thing is to get on a debt payoff plan. So many people don’t and just get by on paying the minimum. Be strategic!

Bottom line

Student loans stress a lot of people out. They suck. I’m pretty sure that’s something most people can agree on.

If your student loans are stressing you out, start mending the situation by taking some small steps. Understand your student loans, figure out their interest rates, see how they fit into your monthly budget. Take action and find different ways to destroy them.

Are student loans stressing you out? How do you manage them?

Monthly Progress Update: May 2018

The past few months have been a doozy. I've traveled, freelanced, and picked up some new tools to save my organizationWelcome to my first monthly update!

I’ve never done these before. I’ve read them on other people’s blogs and wanted to start doing them myself. I like the accountability that comes with it. Nothing like sharing details to the internet at large, amiright? Haha.

This ‘May’ update doesn’t make a ton of sense since it’s still the middle-ish of the month. Thinking about it, I wanted to talk more about what the last few months have been like.

Traveling

When I made my trip to India back in January, I declared to myself that it would be my last one for a long while. Travel wrecks with me. That sounds weird coming from me since I did live in Thailand for one year, Australia for six months, and traveled to a few places in Southeast Asia.

Travel is great but I also like having a routine I can follow. Living in one place for an extended period of time is one thing. Doing short trips is another. Whenever I go on a trip somewhere, it always throws me in a loop.

I forget to do things, emails pile up, and finding focus becomes a lot more of a challenge. It’s a big reason why I don’t think I could ever become one of those digital nomads who’s hopping from place to place every few weeks.

Since the start of this year, I’ve done three travel trips.

India had such a rich culture and amazing food. A lot of the dishes there are vegetarian and they’re so good. I’d been yearning to go to India for several years, ever since reading a guidebook about the country when I was 18. The trip got pushed back multiple times but I’m glad I was finally able to travel there.

Traveling the golden triangle route and Varanasi and Bundi meant I only touched the surface of the massive country, but it was still awesome to see all that I did. The biggest negative involved getting stuck on a grueling 29-hour train ride, confined to a 6 ft by 6 ft sleeper block with five other people in my group. Yeah, just thinking about that brings back haunted memories…:)

Just last week, took a week-long visit to Chicago and Minneapolis. The trip originally started off on a low point. My flight had gotten canceled and even though I was refunded for it, I wasn’t able to get a refund for the Airbnb. So I ended up losing $123 on that. 🙁

I rebooked another flight for a few days later and it went fine. I spent four days in Chicago and three days in Minneapolis. I got to meet up with some FinConners during the trip! I had coffee with Brian Thompson in Chicago. In Minneapolis, I got to visit Erik from Mastermind Within, Gwen from Fiery Millennials and Wealth Well Done.

We had a game night and I ended up with a $3 million wealth accumulation in the game of Life. If only real life included copious interest-free loans! Haha.

Getting My Irish Citizenship

In March, I got one of the best emails ever. The Irish Consulate emailed me with confirmation that my application and documents had finally processed. I’m now an Irish citizen!

Via GIPHY

I visited Chicago for the reason of being able to submit my Irish passport application in person at the consulate. It should take a few months to process and after that, I’ll be a full Irish citizen.

Given my time abroad, people have asked me if I am going to move to Ireland. I’m not really sure but I like having options. The healthcare situation in the United States is chaos. Having an EU passport definitely gives me more options.

Last month, I got approved for the Amex Delta SkyMiles card. The signup bonus was 50,000 miles after spending $2,000 within three months of card opening. Then there are an additional 10,000 miles added after you spend another $1,000 within six months of the card opening. 60,000 bonus airline miles! I’m gonna use the miles towards a free flight to Ireland.

On Freelancing

You guys, freelancing is hard work. Wow. haha. I’m sure that is obvious on the surface level. But when you really get into it, you start to learn all the nitty gritty lessons that go along with it.

In case you didn’t know, I started doing more freelancing after leaving Australia in October 2017. I went to Fincon17 and was able to get some freelance writing clients from there. I’ve been using it to float me while I look for full-time jobs as well as decide what to do.

Freelancing has taught me a lot. There are still a lot of things I need to do better (mainly pitching and organization) but I’ve learned a lot.

Mainly stuff having to do with time management, communication, and selling. I’ve also started using some cool new tools that have helped me in organization and productivity. I’ll write a post on them soon.

Improving My Finances

I feel like I’ve been stuck in a rut with my personal finances for the last few months. Kinda dissatisfied with the slow progress I’ve made towards my main financial goals at the moment

  • New (to me) car fund
  • Emergency fund
  • Fun Fund (for vacations or personal development stuff)

I’m not sure I will need the “new to me car fund” since I am thinking about moving to Chicago, but I’m still actively contributing to it. One of my fantasies I’ve had for a long while has been walking into a car dealership and buying a pre-owned car in cash. When they sit me down to ask how I would like to finance the car, I would look off into the distance, put on my sunglasses, act like I’m in a movie, and say “I’ll pay with cash”

***cue the raining of hundred dollar bills***

Yeah, so clearly I’ve thought a lot about that, haha. My emergency fund is at a good place so I’m still contributing a portion to that. For my fun fund, I do want to take a trip to Ireland within the next year, so contributing to that is a big priority.

I started using a new budgeting system in February. It’s You Need a Budget! Lots of people rave about You Need a Budget (YNAB) and I used to always roll my eyes at it. It can’t be THAT good, right? I would say to myself.

I used to think You Need a Budget was the CrossFit of personal finance because anyone who uses it always seems to mention it every five minutes. Well, I did take the plunge and sign up for the free trial.

It’s a confusing thing at first. I had to use the r/YNAB subreddit to get answers to questions about several things. I think I’m slowly starting to get the hang of it and I kinda like it. It definitely beats the old traditional line item budget I had.

But good things come with a cost. YNAB costs $84 for a one-year subscription. We’ll see if I pull the trigger and pay the cost to continue using it.

How has your life and financial life been going the last few months? Let me know!

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