Lately I’ve found myself a bit overextended. I’ve started too many projects and I’m finding it difficult to juggle them all and keep them all going. Each website I’ve created requires a considerable amount of time to update and maintain. I thoroughly enjoyed the process of creating them, but once created, the maintenance and upkeep on all of them are not so enjoyable.
I am thankful that these projects have not tied up a lot of money. It’s stressful enough to be overextended with my time… but it would be worse to also be financially overextended as well. If I started several websites and sunk a lot of money into each of them, then I would be under a lot of pressure to make sure each of them was successful and turn a profit at some point. Essentially, each website is its own mini “business” and I can spread my efforts amongst all of them or just one at a time.
A friend of mine told me “I’d rather be 100% done with ONE thing… then 10% done with each of TEN things.” I wish I had headed that advice long ago.
So how does all this relate to your finances? Do you find yourselves juggling too many services, memberships, and clubs. Do you spend too much time volunteering for your kids school functions, organized sports, and other enrichment?
We know some folks… We call them the “Soccer” family. That’s because all three of the children are enrolled in Soccer. Because they are all different ages, they have to attend practice at different times and their game schedules are hectic. On a typical weekend, the parents have to attend FIVE games in 2 different stadiums. Maybe that’s normal for some… but to me that’s being overextended.
Others are overextended with debt. They are juggling credit cards because they have too many. It’s a tough spot to be in and the pressure is enormous. Quite often people in this situation spend more money on things just to feel better, meanwhile they are adding to their debt level.
Find ways to simplify your life. Take a look at how your time is being spent? Do you ENJOY all of it? If not, why do you continue to do it? Take a look at where you’re money’s going. If most of it is being spent on debt, isn’t it time to start taking steps to eliminate it so that you don’t have debt anymore?
In my case, I’ll need to discontinue building new websites until I complete the ones already in motion. Working on them one at a time until they are all completely done.
What’s got you overextended?