I was now past the halfway mark in my series of 7 financial challenges and remembered that I had actually started preparing for my next challenge at the end of last month: Pay yourself first on payday. Put a few hundred bucks into a savings account or investment and see if you even miss the money later in the month.
The first complication had come early. As a musical comedian, I don’t really have a payday as such. I do, however, have a company that handles my bookings, and fortunately the payment for some of those bookings came at the end of the month. Game on.
I chose to put R2000 away, because, let’s face it, a few hundred rand is not much these days – especially once converted into pounds, which according to the latest exchange rate would be worth roughly minus a billion. I took the money (took in the virtual sense of course, because this is 2015 and Internet banking exists) and put it into my investment account – yes, I have one of those. And yes, I believe that makes me a pretty financially savvy guy.
But before I did that I named the R2000 Sammy the Savings and gave it a lengthy goodbye, complete with a pep talk about how important it is to carry on without me. I walked away from my computer, looking back once longingly, and then left Sammy on his/her own (I had given my money a name but couldn’t decide on a gender).
And then I proceeded to live my life. There were breathtaking sunsets and cosy nights by the fireside. There were groovy gifts and no-spend Sundays. There were good times and bad times, and plenty of lessons to be learnt. Every now and then I’d be somewhere and wonder how Sammy was doing, usually when confronted with some kind of nice thing I wanted to purchase that coincidentally cost within the region of R2000. But I got over it. I moved on.
Until now, when I remembered that I had a blog post to write about Sammy’s progress. It was time to see how he/she was doing.
My old friend Sammy had changed, though. Luckily, it was for the better. He/she had accumulated some interest. You’ve gained weight, Sammy. And that’s the way I like it!
Of course, I decided to withdraw the money right away and spend it on cheap liquor. Just kidding folks. Now that I’m on GY$T challenge number 5, I’m more responsible than that. Also, it takes 30 days to withdraw from my investment account.
I’ve realised that if you truly love someone/some-sum-of-money, at some point you have to let go. So do your thing, Sammy the Savings. Live your life, over in investment land. One day we’ll be together again. Until then, keep growing. And remember me. With interest.