I’m all about chasing dreams and creating the best lifestyle possible for yourself. Life’s too short to be miserable, broke, and pissed off at the world. There are only so many conspiracy theories that you can follow while you hate the world.
I want you to be able to chase your dreams. I also want you to be able to pay your bills. Here’s how you can chase your dream without stressing about money the entire time.
“People say that what we are seeking is a meaning for life. I don’t think this is what we’re really seeking. I think what we’re seeking is an experience of being alive.” — Joseph Campbell
We recently looked at how you can make a colossal lifestyle change without going broke after I was inspired. Today, we have to switch focus and get serious.
You see, I could go on with the motivational quotes. I could also tell you that you should quit your job to follow your passions.
However, at the end of the day, you need to make some money!
This is an article out there for all of the dream chasers. This is for anybody chasing a dream, looking to quit their job, or just wanting more out of life. This is a rule that will prevent you from going broke in the process.
What’s the $1k rule for chasing dreams?
You simply need to have $1,000 in your checking or emergency or savings account at all times. It doesn’t matter what you call this account. You need to have $1,000 ready for emergencies, to cover bills, and to stay afloat.
I don’t want to see you go into debt. I don’t want you to use your credit card to support yourself. I don’t want you to fall behind in life either.
It’s far too easy to get into debt when chasing goals. It’s easy to justify every little expense as an investment. I get that because I do it all of the time myself.
The $1k rule for chasing your dreams is all about protecting yourself while you take HUGE risks in life.
That one thousand dollars will go a long way. It will cover you when you can’t pay the rent, buy food, or get by another day.
Are you still not convinced?
Why do you need to follow the $1k rule for chasing dreams?
Because I don’t want you to end up broke, in debt, miserable, and pissed off at the world if things don’t work out. The thing with big dreams is that there’s a chance they won’t work out in your favor. Shit happens. The world isn’t fair.
That’s okay. Failure isn’t the end of the world. Failure gives you permission to try again.
I just want you to have money saved for when/if things don’t go your way.
What opened my eyes to this rule?
Ever since I got into wrestling I’ve met all kinds of characters from all walks of life. The one thing in common between all folks is passion. Everyone is passionate. Some have taken COLOSSAL risks (spending $30k on training), while others risked it all and moved to a different country.
What are the results? They vary. Some folks have been signed to huge contracts. Others didn’t get the results they wanted so they went back to work. A few are stuck in debt with broken hearts and dreams that never worked out.
I’ll say it again. I don’t want you to end up broke.
Apply the $1k rule if you want to follow your passions.
Next week we will look at why you’re stupid for not chasing some sort of dream.
Before we part ways, I must share another quote.
I saw a quote recently posted by Chris Buillebeau that resonated with me 100%.
“I want to be remembered as a person who wasn’t afraid to start things.” — Tina Roth Eisenberg
I’m pretty proud of myself for the past year. I was able to run a half-marathon, sell my condo, wrestle my first match, and launch many new projects. But I still want more. As I search for more, I will ensure that I keep my savings account full so that I don’t go broke in the process.
If you want to working for yourself, you need to get your hands on my book on Amazon or check out our piece on how to start an online business with no money.
Have fun chasing your dreams. Just have some money saved, so that you don’t end up pissed off at the world because you’re poor.
I love it! So freaking awesome and hilarious Latin Lover!
Do you hear/see a lot of steroid talks in the gym? I can see how some folks would want to juice up to get huge.
How much you weigh now? As a casual observer I guess it’s all about developing your own unique style and flare!
Haha thanks for checking it out man!
Steroids will always be around. Everyone will always want to take shortcuts. The good news is that these days, all sorts of research has been done on getting in shape naturally.
I’m about 185lbs. My goal is to hit 200lbs by the end of the year. Lots of chicken and black beans lol!
So if I can set aside $1K, and not touch it unless I absolutely have to, I can still live like I always do? I am liking that idea and your site! I just found your site today and your posts make so much sense to me that I am going to start saving money right now and watching what I spend and do.
The goal is to have a savings buffer. I just used $1k in this case. It depends on your lifestyle. If you live in a mansion, you might need a bigger buffer than one grand. The good news is that for most young folks, 1k is enough to feel comfortable with risks.