Make room for the new
An issue of the Chidera Peters Dispatch (CPD)
I'm in sifia body pains as I write this. Remember I mentioned that I didn't go to the gym or work out throughout May? Well, I'm trying to get back at it, and I worked out twice this week - my body pains are proof of it. I found the most relatable tweet explaining my current predicament:
That said. Hellooooo! How're you doing? I hope you're feeling much better than I am.
👩🏽💻 What I worked on this week
I attended a private women-only dinner earlier this week and enjoyed discussing financial goals, investment opportunities and career tips. But the highlight of my day was the sweet compliments I received! The personal styling coaching I'm undertaking is paying off already. I applied what I had learned to my outfit for the event, and the random compliments were a testament to the fact that my style has improved, and I am so proud of myself 😂.
I did some more decluttering of my space this week. Last week I worked on my wardrobe and had to say goodbye to some clothing items I had held on to for too long😩. It wasn't easy to let them go, but I am much better.
This week, I cleared out my storage and other items. I had some merch and other marketing materials for work, which took up space in my house. I finally rented a self-storage unit and moved them there, and I can't explain the science behind it, but I feel so much lighter! 😮💨 It’s interesting how you don't realise how mentally draining a decluttered or disorganised space is. And now, I feel good each time I look at the empty space where the boxes were. I also took time to declutter my bathroom cabinets - removing products or items I no longer need. I'm in a good headspace and feel better overall.
The feeling I got from organising everything reminded me of a sermon I recently heard and a quote that has stuck with me:
The enemy of the future is the past. If you can't let go of old ways and mindsets, you can never embrace what God is bringing to you. You can't embrace the future until you let go of the past.
So, this is my nudge to you to take time out to lighten your space and make room for the new ✨
💭 What I'm thinking about
You're taking money from your future self when you borrow money. Asides that, when you borrow money, you're making tomorrow's decisions based on today's income. For example, when you ask someone to lend you £500 that you will pay back in 3 months, you're making that request with your income today in mind. You made the request based on your earning capacity today or earning capacity from today’s assets. You've calculated your current earnings and predicted you can repay them in three months. But what we don't often think about when borrowing money is what happens if something happens to your source of income. Can you afford to pay back in the interim? If the answer is no, then you cannot afford to take out that loan.
Before taking out a loan- particularly a huge loan ensure you have a hedge. This hedge will be your emergency fund, ideally for up to 6 months' worth of your living expenses. This way, if you take out a loan and something happens to your source of income in the future, you can buy some more time with your emergency fund pending when you get a new job or source of income.
Building up an emergency fund should be a priority for you, and you should try as much as possible to avoid making tomorrow's financial decisions based on today's income.
📹 New Videos
That would be all for today. Please prioritise sunscreen and drink lots of water - your skin will thank you.
XOXO - Chidera
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