How can you prepare a financial plan or your bucket list if you don’t know what you honestly enjoy?

We are coming up to the end of our self-appointed 30 for 30 challenge for Financial Literacy Month. Thirty articles, one for each day of November. Utilizing our social media channels, we have been fortunate to grow our audience over the past four weeks. Unfortunately, it is becoming tough to develop a brand organically as most popular sites prefer that you partake in paid advertising to promote your posts. We are still doing our homework, to make the most of social media ads.

Plan On Me provides articles without advertisements to instill confidence that our content is free from bias. We have dedicated the month of November to promote Financial Literacy, as well as the launch of ChangeUP, which provides illustrative everyday financial strategies without advertisements.

Paid posts have been ramping up over the past few years, making several social media platforms lots of revenue. Is anyone considering the long-term cost/damage from social media spamming its users with advertisements? For individuals and entities that aren’t directly selling a product, does it make sense that they should spend a small fortune to share their content? Sure there are methods to build a brand without spending money. But most aren’t skilled enough to hack their marketing efforts.

Somewhere right now the world’s greatest band is performing in an empty bar. The most thought-provoking piece of literature is sitting in a pile at the back of a community library. Perhaps your soulmate is eating alone again tonight wanting to share their favorite dish.

Why is this even relevant?

With the average person logging two hours per day on social media. Pair that with another study that concludes the average adult spends over 4 hours per day total staring at their screen. As a result of significant time being allocated to screen time, you may not notice that your buying habits and interests have evolved. Without boring you with the details on the structure of pay per click ad placements, we do present a cautionary tale of setting expectations from the echo chambers we choose to exist.

Have you ever noticed that your browser history resurfaces on your Facebook news feed and subsequently every website you visit is a reflection of places you have been? Being exposed to these targeted advertisements may not be a problem for individuals that are in touch with their wants and needs. However, most individuals may slowly lose track of their interests over a set period, this can and will affect how you create your long-term plans.

How can you build a financial plan or bucket list if you are losing touch with yourself?

Everyone should have a bucket list. Even the wealthiest of individuals have items they want to cross off before they kick the bucket. Gone are the days where “Keeping up with the Joneses” involves purchasing a vacation home, or a family sedan with a car phone. We have replaced purchasing products for status with striving for likes on social media. Depending on your audience, you may not even need to spend a cent to get that validation. Therefore, why not take your potentially freed up discretionary income to focus on purchases that make you happy.

For those who aren’t flexible with their finances, having a clarity with their interests becomes even more crucial. Wasting time and money is a luxury you probably can’t afford. Therefore, hitting the reset button on your life priorities can be a lifesaver.

Escape your echo chamber at all costs

Discovering what motivates you to get out of bed can be a challenge. The first step would be to branch out of your daily routine and rediscover some of your past interests. Break out that old playlist and let nostalgia take you away. Next, you may want to consider the following checklist that may aid you in finalizing your long-term goals:

1. Connect with friends that are actively participating in activities that you always want to do but don’t.

2. Spend less time passively online.

3. Create the first draft of your bucket list (if you don’t have one), do this activity alone.

4. Take a mental day off from work, if you have banked hours, cash them out.

5. Ignore the naysayers in your life; they are a waste of time.

6. Be realistic about your goals, if it is entirely out of reach, it may be a waste of time to dwell on it.

Once you have set a list of goals, start implementing them. If there are specific items you can’t afford today, be proactive and create a bucket list savings account. Knowing that you are actively approaching your goals, even little by little, could have a very positive impact on your daily life. Finally, be open to making significant changes if necessary, you may discover new interests along the way.

Rafael Reis
Read more about from Plan On Me

ChangeUP can help you create a budget that includes your bucket list items!

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