Pocket Changed - Life Category

These are posts having anything to do with life.

Exactly one month from today I am getting married and I can’t wait.

I can’t wait to marry my wonderful fiancé, see my closest friends and family all together, eat some bomb Mexican food, and wear my ‘Casey Affleck from Gone Baby Gone’ suit. But if I told you that those were the only reasons I’m excited for the wedding day to finally come, I’d be lying.

Wedding planning has been the most time-intensive task and most expensive thing since college. Weddings are expensive (duh) and take a lot of time to plan all of the details on your own. To keep myself from complaining for the rest of the post though, let me get to the point.

When you are getting married, planning a wedding, and starting the next chapter of your life committed to someone else, there are some very important steps you need to take that are related to your finances. Many (if not most) marriages that end up in divorce are due in part to money related problems. It’s key to start off your marriage on the same page (or at least the same chapter of the same book) in regards to personal finance before you tie the knot.

Keep reading for 8 things you should do together as a couple before you get married and have your wedding (including one step that can easily save you over $10,000).

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The American Dream has been silently changing. I would argue that most college graduates these days don’t want to get a day job, live in a quiet suburb, and live a safe life. We want to escape the confines of our childhood and explore the world before we settle down.

We twenty-somethings are the children of the latest American Dream. Our parents, grandparents, and great-grandparents fought in the wars of the 20th century to give us the freedom to live the American Dream: The quiet house on a cul-de-sac where kids can play in the streets and you greet a new neighbor with cookies. Our forefathers worked jobs they most likely hated to put food on the plates of their children and a roof above their head. My generation is deeply grateful to everyone who fought for what we have. There is just one problem though.

The American Dream was supposed to have been reached by now. Parents always want a better life for their children than they had themselves. In most cases, their dreams have not been realized though. Their dreams have been exploited and our country’s people are struggling as much as ever to live the lives they want.

  • Rampant unemployment for recent college graduates has them drowning in student loans and bills they can’t afford to pay.
  • People that are close to retirement realize they don’t have enough to walk away and end up working ten years longer.
  • Companies lay employees off without any regard for the fact that they are actual humans with lives outside work.
  • People with no money to speak of live lives relying on credit cards and payday loans.
  • Waiting outside a store at 3 AM on Black Friday to save $20 on the latest whatever.
  • There are lines at the pumps for $4/gallon gas.

The American Dream needs to change.

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How I Saved $2,000 By Resisting an iPhone

by Caleb Wojcik on June 17, 2011 · 16 comments

When I graduated college three years ago it was time to upgrade from the trusty flip phone that barely survived my four years of school. I was a Verizon customer, but I really wanted an iPhone through AT&T. I weighed the two choices for a long time, considering all the pros and cons (specifically the pro of being cool and the con of having less money).

The finance nerd in me did some quick calculations.

- Individual line with 450 minutes ($40/month)
- Data Plan ($25/month)
- Unlimited Texting ($20/month)
- Fees ($10/month)

Was $95 a month really worth it to me? $1,140 a year for a phone that people went without for hundreds of thousands of years and got along just fine? Was there a way I could get the features of the iPhone, but for way less money?

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Are You Living Your Life for Retirement?

by Caleb Wojcik on June 15, 2011 · 25 comments

A while back I heard a story of a coworker who was turning 55 and retiring the same week. At first I thought, “Good for them! Many people can’t afford to retire that young and work into their 60′s and 70′s.” But then I caught myself thinking conventionally. Since when is it the norm to give your life to a company for 30 or 40 of your prime years and then retire?

Why not build a life, job, or business from which you never feel the need to retire?

My coworkers mentioned that the retiree had this birthday on their radar for roughly 10 years. They made a plan to retire at 55 and stuck to it. I can admire that.

At the same time though, I thought about my life and I know I can’t do that to myself. I’ve worked just over three years in Corporate America and I’ve always felt constricted. I can’t imagine spending another 30 years in a culture based around being told what to do, when you can get promoted, and how much money you are allowed to earn.

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Post image for What If Real Life Was More Like the World Domination Summit? + #WDS Wrap-Ups

(Monday we’ll be back to regularly scheduled Pocket Changed posts. WDS was just a big event for me personally and I want to convey that.)

As I described in my previous post about how I had culture shock returning home after the World Domination Summit in Portland, I thought to myself, “What if real life was more like #WDS?”

On the Monday and Tuesday after WDS I scanned comments on my post, read other people’s re-caps, and saw twitter updates about how people were feeling after the conference. I felt as if the air was being slowly let out of a balloon. There was so much passion and confidence shown by attendees for achieving their goals, it was contagious. I want that feeling to continue.

What Would Real Life Be Like?

Here’s a quick run-down of some of the things that aren’t usually true in the real world, but definitely were at the 2011 World Domination Summit in Portland, Oregon.

  1. You could impress the opposite sex by saying you are quitting your job to find yourself.
  2. You would actually want business cards.
  3. People would go to the after party and have real fun.
  4. It would feel like you are walking through twitter, but you could use complete sentences.
  5. It would be normal to watch random feats of strength by Steve Kamb & Joel Runyon at 2 AM.
  6. You could get multiple amazing portraits of yourself.
  7. Instead of emailing or tweeting an A-List blogger, you would just go talk to them.
  8. You would randomly learn how to Bollywood dance on command with 500 people.
  9. Each day would be more inspiring than the last.
  10. You’d be in the minority if you didn’t have a blog.

And lastly, the world would be a better place if the real world were more like WDS.

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Post image for Why You Need To Go To The World Domination Summit Next Year

The short answer to why you need to go to the World Domination Summit in Portland, OR next year (2012) is simply that:

The people there will change your life.

Not just anyone you might know that happens to be there, but every single person you talk to has an interesting story to share and wants to hear yours too. You can expect genuine compassion from everyone you interact with. To help demonstrate the mood of the weekend more in depth, I have two experiences from “the day after” that demonstrate the feeling of being at the conference.

As I was driving into work this morning I made the normal commute as I drove away from downtown Seattle. Usually, I would be in the zone, listening to a podcast, driving the speed limit, and focused on the road. But as I was driving, I looked at opposing traffic headed towards their 9 to 5 grind just like me.

There was a huge difference between them and me though. All of suburbia was stuck in gridlock traffic, while I had an open road.

I simply smiled and thought, “You don’t have to do what everyone else is doing.”

I’ve known for a while that I need a big change in my life and I’m choosing to work towards it everyday to get there. To me, being “different” is really just about being the real you.

The other thing that has continually happened to me today (probably because I am exhausted and need a nap) is I keep hearing an alarm going off. It’s the same sound that wakes me up each morning, but there is no actual alarm going off. Every time I hear it, it reminds me that its time. Time for action.

When I was at the World Domination Summit, alarms were going off in my head all weekend. I met so many amazing people that are living their lives how they want to live them, not how they are expected to. Immediate feelings of support were shared with me when I told them of my future plans for adventure. They’d ask, “how soon?” and I wanted to say tomorrow. The time for action is now.
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Post image for My Minimalist Living Journey: Trashing DVD Cases from Our Movie Collection

To work towards true financial independence, becoming detached from as many material items you own as possible is extremely important. The more you value possessions, the less you may value things in your life that really matter, like people. Also, you’ll end up spending more money on stuff you don’t need.

“The things you own end up owning you.”
- Tyler Durden

On my path to living a more minimalist life, I downsized my clothing by almost half a few months ago, but the journey continues. I’m just as guilty as the next person with the amount of electronics and movies I have, but there is always a way to minimize the amount of space possessions take up. I decided to tackle our movie collection next.

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What Does Financial Independence Mean?

by Caleb Wojcik on May 30, 2011 · 8 comments

Post image for What Does Financial Independence Mean?

(Today is Memorial Day. Please take a minute to thank someone you know in your life that has fought for your freedoms and independence. Thank you Grandpa Pollard.)

On a less serious note, this weekend I did a revamp to the design of Pocket Changed (I’d love to hear what you think). Through this update I am declaring the overall mission of this site in the new tagline: The 20 Something’s Guide to Financial Independence.

My mission is to create a movement of new adults filled with financially independent twenty somethings that are free from debt and fiscally responsible.

There are many people that are hoping and trying to get their financial lives back on track and I am willing to help anyone that needs guidance. That being said, I think the demographic that needs the most assistance is the one I am apart of.

Whether they’re still in college, working full-time, just starting a family, or buying their first house, people in their twenties are at a critical point in their life. Actions twenty-somethings take now will echo through the rest of their lives; especially decisions involving money.

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Post image for 22 Ways to Quit Making Excuses and Hop Off the Complain Train NOW

“Whoa is me.”
“My life is so hard.”
“I’m having a pity party and you’re all invited.”
“I can’t follow my dreams because I don’t have any money.”
“I’m stuck on this life path and I can’t change it.”
“This is the only job I will ever be able to get with my past experience.”

Does this sound like you? Even if you aren’t saying these things, you may very well have thought them before. I know I have.

“The world isn’t interested in the storms you encountered but whether or not you brought in the ship.”
- Raul Armesto

When you are on your deathbed are you going to focus on how much you hated your day job for forty years, never got to follow your passions, or regret putting off that trip to Fiji? Or are you going to think back and smile at how hard you worked to rise above the challenges life handed you and tell stories to your grandchildren about how much fun you had fighting for your dreams to come true? I know which future I want.

“How much do you have to lose? Take a look at the guy 10 years ahead of you. Do you want to be that guy?”
Dan Andrews

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My Life is Missing Adventure

by Caleb Wojcik on May 23, 2011 · 15 comments

Post image for My Life is Missing Adventure

Helen Keller said, “Life is either a daring adventure, or nothing.”

Many times in the past few years I have thought to myself, “What is my life missing?”

I moved across the country after college for what I assumed was a dream job and I am grateful for what I have, but I am also looking for where the grass is greener. I look back and think, “How did I end up here?”

I “changed my pocket” by paying off all my debt last year, but that wasn’t what was missing. I viewed getting out of debt as the end of a journey instead of just a single stage. After the initial feeling of freedom, life went back to normal.

My mother says that I have “always needed a challenge.” When I was in middle school I couldn’t wait for high school. By the time I was there, I wanted to be in college. Then I wanted to have graduated from there too, and been off in the working world.

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