Monday, 17 October 2016

Don’t Be Afraid to Change Your Mind

There really is nothing more stupid than doing the wrong thing just to save face. 

I can’t imagine being in a frame of mind where I do something that I know is wrong, just so I won’t look bad, indecisive, or whatever.

I live in an RV, I sleep on roadsides or in big-box store parking lots . . . I gave up caring what people think about me or my lifestyle a long time ago.

What I am talking about is the fact that I have tweaked my plan, yet again. I don’t see this as a problem as one of my philosophies is that life is always in a state of revision.

We should always be looking at what we are doing and asking “How can I do this better?”  or “Should I really be doing this?” 

This is not from a mindset of lack of confidence or always thinking that I am screwing up or making a mistake, but rather from one of always looking to do better, to always improve.

So, when I revise my plan, I see this as a strength and a positive thing, not a weakness. 

I am not sure if I mentioned this, but I had planned to have my RV Dealership install a couple of solar panels on the roof of Wanda. 

The idea was to try to rely more on solar than on Jenny for my power and thus save money over the long term.

I also had the thought that this would make me ready to park Wanda on that piece of land that I plan to buy and pioneer and transform it into a home worthy of others. 

I had thought that the solar technology had improved to the point that this was viable, whilst this may be the case, the cost of installing them are still quite prohibitive to this venture at this juncture. 

I was talking with a friend this weekend about my plans to pay down Wanda by saving up the cash and making a lump sum payment and mentioned the solar plans to him.

He offered up wise words of sober second thought; I saw his logic.

The reason that I was talking to him because the couple of times I tried to talk to my bank about other options, all I got were “Microsoft Answers.” 

(As in their answers were: accurate, correct but not helpful at all.)

This friend spent some time in the financial sector so knew about loans, compound interest and so on, better than me. 

Apart from telling me to give my head a shake with regards to the solar panel idea, he had a few words to say about the Wanda Savings Plan. 

He advised me to put the cash that I was planning on saving right on the loan and not put it into savings. 

This would reduce the amount of interest I am charged and therefore shorten the length of time that it will take to pay the loan off.

Exactly how much shorter it will take is up for debate, so we shall all see what actually transpires. 

So, here is the plan, as it stands now. First I will pay off my Low-Interest card.

Then, the cash that I had intended to splurge on solar panels, I will use to top up my mid-term savings up to $1500.00 and put $1000.00 into my Long-Term Savings account.

This will give me a bit of a Contingency fund as I then put my targeted $1400.00 per payday directly onto the Wanda Loan. 

I will leave the regular, bi-weekly payments of $122.38 unaltered and just let them go on like clockwork. 

So, without further fuss, here is my new fiscal plan going forward:

As always: Keep your head up, your attitude positive and keep moving forward!

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