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The Secret Lifehack to Reach Your Dreams

The Secret Lifehack to Reach Your Dreams

    Who among us hasn’t thought the following:

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    “If only I had money, I would realize (this huge dream).”

    Money can stop us from doing what we love because we feel we don’t have the financial freedom to do it. It can also be the reason why we are working at jobs we don’t enjoy, to be making a pile of money as if it could solve all our problems. Our society puts so much emphasis on economic capital that we can feel, if we don’t make much of an income, that we are left behind. But it doesn’t have to be this way when we know the rules of the game.

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    Do you know other types of capital can be a lifehack to a dream life? Pierre Bourdieu, a French sociologist, explored that social capital, for example a social group you adhere to, and cultural capital, like the education or intellect you have, can be traded for economic capital. Having them can lead you to have the same advantages as having money and help you to make your dreams a reality.

    The capital types are transposable. That’s the reason why Paris Hilton is able to use her standing, acquired with money capital, for social and cultural capital, to be famous and an actress; or why doctors can use their cultural capital to get a high bracket of income.

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    How do you acquire enough capital to reach dreams that you feel aren’t attainable without it? Below are some ways to use shortcuts in the game and make your way to your dreams.

    Secret Lifehack to Reach Your Dreams

      How to Reach Your Dreams

      Get capital to do what you love with:

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      • Education. One of the best known ways to get cultural capital is to get a college degree. But to differentiate yourself, you could aim for a Ph.D., because it brings prestige and recognition in our society.
      • Experiences. What can separate you from other candidates for a dream job is how efficient you are in this position. Having worked for many similar positions, even if you were on a voluntary basis or you started a company that didn’t work out, can make you stand out. Get more opportunities to work in your niche.
      • Acquaintances. Sure enough, people you know can help you advance. But another way is to get together with similar people and jumpstart your career together. If you want to be a freelancer, you could start a freelance company with colleagues, and gain importance together.
      • Norm fitting. Fitting with the stereotypes of your dream life is getting you more chances to realize it. It’s playing the rules of the game. As much as I dislike some of those rules, it’s true; it can be to dress as you’re supposed to, for example, women who wear make up have more chances of a higher pay check. Also observe how those who succeed in your domain act, and adopt the same habits.
      • Opting out. This is my favorite one: start your own game. One of the ways to do your own thing is to hang out with similar people, who are conscious about the main game and decided it’s not for them, and start your own. Even if you’re still a sub-part of the main game, at least for now, you can play by your own rules and live your own small utopia. You could for example start an ecovillage, live minimally, or explore living without money.

      Whatever the game you decide to play, find out what your dreams really are (are they yours or society induced?), remember who you are, play fair, and share this lifehack, to do what you love and for more happiness in our society.

      (Photo credit: Baby Reaching for Bubble via Shutterstock)

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      Last Updated on June 21, 2018

      How to Nix Your Credit Card Debt in Less Than 3 Years

      How to Nix Your Credit Card Debt in Less Than 3 Years

      Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

      By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

      This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

      Hint: there are ways that are easier than you think.

      1. Consider consolidating multiple credit cards if possible

      This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

      It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

      Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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      Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

      My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

      Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

      2. Try to pay the full balance you spent each month at the very least

      You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

      Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

      If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

      3. Pay extra when you can – every small amount counts

      This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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      It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

      4. Create a plan on how to pay extra

      Back to the main point, having this plan is giving you one less thing to think about.

      This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

      For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

      Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

      5. Cut out costs for services you do not use

      If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

      In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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      6. Get aggressive about it

      Consider these points:

      Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

      Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

      Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

      Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

      7. Reevaluate your progress at set intervals

      Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

      By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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      Finally (and most importantly)…

      8. Keep trying

      Do not get discouraged. Pushing it off will make it worse. Just keep trying.

      Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

      Start knocking out your debt today

      The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

      Featured photo credit: Pixabay via pixabay.com

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