#70 Start With Why

It's the title of a book from one of my favourite speakers. He has a charismatic face and he talks with conviction, a sign that his gut and his mind are aligned.

If you haven't seen his Ted Talk, you can check it out below.

Saving Money Is Hard

If you have never done it, Saving Money is hard. It requires consistency equal to anything else in your life you have found success with. 

Imagine going through K-12. That's 13 years of consistency, going to school 5 days a week for at least 6 hours every day, then going home and doing homework for several hours every day. But at the end of it all, you learned a lot and graduated high school successfully.

Imagine a professional hockey player at 6 years old putting on his skates for the first time, he can barely stand up. Imagine his first shot against a garage door, he probably missed the puck 10 times before sweeping it slowly in the wrong direction.

Imagine a professional basketball player at 6 years old picking up a basketball for the first time and trying to bounce it with two hands. It hits his foot and rolls across the court.

Nothing is easy right away. But one thing is true, if you keep doing something that you find hard, eventually you will find it to be easy. And when other people say to you, "hey that looks hard", you will say, "not really".

Start With Why

Consistency comes from knowing "Why" you are doing something. When you believe in what you are doing all the way down to your gut feelings. Then it's a heck of a lot easier to stay on track.

If you are quitting smoking because you want your child to enjoy a smoke-free environment, then you have a strong "Why".

If you are shooting pucks at a garage every day because you want to be a professional hockey player, you know you're "Why".

You can't just Save Money with no purpose. 

Most kids save money so they can spend it. They imagine that new 7-speed bike, or those concert tickets, or being the cool kid with a car. So its easy to save.

But as an adult, you probably make a lot more than when you were a kid. You probably don't have to save as long when you "want" something. You don't have to wait until your birthday or Christmas to get that new toaster. You just go buy it. 

You Need A Purpose

Take a minute to brainstorm, why you want to Save Money.





There are two ways to look at it. 1) Reasons you "want", 2) Reasons you "don't want"

I Save Money because I don't want to work at a job I don't like.

I Save Money because I don't want to work for a boss that doesn't care about me.

I Save Money because I don't want to wonder how I will pay for groceries.

I Save Money because I want to live a life of leisure and travel

I Save Money because I want to do what I love, when I want, how I want

I Save Money so I don't have to think about money.


There is this gateway. It's almost magical. It's more like a series of gateways. Everytime you save to a certain amount, you gain a bit of freedom. The choices you make are different when you have "money in the bank". 

Imagine yourself today. Now add $100,000 to your bank account.

How would you feel?

Would you feel trapped in your job?

Would you be worried about turning on the heat in the dead of winter?

Would you feel like you have to say no to buying that tub of Haagen Dazs?

Would you feel like you should not buy those new shoes?

Your life changes when you Save Money. My "why" is that I want CHOICES. I want freedom to choose. I know that I like a lot of things and that I want to try a lot of things. And by Saving Money I give myself those opportunities.


What is your "Why"?





Save Money Retire Early is written by Jon Lo, a barely 30 something change optimist, and personal finance guy. I believe anyone can be rich or poor, it's what you save that makes the difference.

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