Motivation is a fascinating thing.
At the start of a new pursuit, motivation is almost inevitably high. Just finding out that Financial Independence is a ‘thing’ was enough to get me walking with a spring in my step and a twinkle in my eye for a couple of months. That died down soon enough and grannies stopped crossing the road to avoid me.
The initial motivation did carry on, just a little subdued. The thing is, it’s easy to remain motivated when things are new. It’s easy to carry on saving when the second month’s contribution increases your savings pot by 100%, that’s a sexy graph. It’s easy to carry on saving while the markets are ticking upwards.
I imagine that in times of hardship, whatever they maybe, that motivational will start to wane. If markets drop 30% in a year, it’s going to hurt, even though I know it will be an opportunity to buy cheap. When something goes wrong with the house and a chunk of cash needs to be spent, it’s going to suck. Moving house will be expensive, as will possibly having a sprog that I can impart all of my wisdom on. Unexpectedly losing my job or Mrs Z losing hers would not be nice. And there’s a whole raft of other bad shit that could happen that is far worse than the above.
Recently investigating my asset allocation became as painful as inserting a catheter, it was all too easy to get bogged down in the detail of it all. I turned into a greedy financial pig, worried I was missing out on some cool part of the market with a huge return. And so forgetting what the end goal is, sweet as a peach Financial Independence. Motivation did wane momentarily, but I carried on, using motivations great ally, momentum. What a hero.
I am under no illusion though, the spell of motivation will soon wear off and my cloak of momentum, will soon wear thin. I will be left on my own, with my motivational mana depleted. Each and every month will feel start to feel the same. Saving a significant proportion of my income will no longer seem to have the same impact, either on the growth of my financial freedom fund or in bridging the remaining gap to Financial Independence.
Progress will seem to slow, despite if anything the pace towards the goal finally starting to gain some exponential momentum. It’s going to be a lonely time. Just a lone reformed Finance Zombie, wandering through the financial apocalypse that every consumer driven maniac seems ecstatic with. The task ahead will look gargantuan. Around this point the task will feel the hardest, but if you can trudge on regardless, the rewards will be worth it. Just like this chap.
So here it is, a letter forever in cyberspace to my future self. Whenever times are getting tough I can read the letter, dry the tears from my eyes and then crack on with my motivational mana refilled.
|A tearful read, perhaps.|
Hopefully the spring in my step and that creepy glint in my eyes will return at that point.
|Early compound interest|