Showing posts with label finances. Show all posts
Showing posts with label finances. Show all posts

Friday, 28 September 2018

How to Get Rich - Quit Drinking



There were many things about my life that I thought would change when I stopped drinking, but becoming richer wasn't one of them.

Back in the drinking days, I was always broke. At the beginning of the month, my bank account might just sneak its head over the wall into the black, but within a week I'd be wallowing back in the depths of my overdraft facility.

I tried many ways of economising, but one thing that I didn't consider for a minute was the amount I was spending on booze.

I saw my wine expenditure as a necessary staple, like loo roll and washing powder. I didn't even consider buying cheaper alcohol, as I thought the fact that I bought relatively expensive wine made me a connoisseur rather than a lush.

It was only after I quit that I added up the amount I was spending on alcohol, and it was HUGE! I'm too ashamed to confess the numbers, but it was thousands of pounds a year, enough for a family holiday.

And it wasn't just the amount I was spending on the actual wine, it was the knock-on effects. I spent a fortune on taxis, as I was always drinking too much to drive. I spent loads of money buying things I didn't need on the internet late at night, a few glasses down. I bought many bunches of flowers, as an apology to various hostesses for my behaviour the night before.

It all adds up.

When I quit, slowly, slowly, the amount of time I spent overdrawn decreased, without any effort at all. By the end of Year One I was SOLVENT.

But that wasn't all.

The other thing you notice when you quit drinking is how much more energetic and creative you become, and how much time you have on your hands.

Many people have e-mailed me telling me that their careers took off as soon as they quit. They started bouncing into the office in the morning with all the enthusiasm of the youngest intern, firing on all cylinders throughout the day.

Being the sober person in an office gives you an edge. You don't spend hours shuffling paper back and forth while waiting for a hangover to recede, you can use office parties to network rather than snogging someone you'll regret and you are always on form.

It is no surprise that many of the most successful people in any field are non drinkers. Anna Winter and Tina Brown don't drink. Kim Kardashian doesn't drink. Many of the mosr successful Hollywood actors, pop stars and captains of industry are sober.

Also, many of us find that when we quit drinking we re-discover childhood passions, and sometimes those passions can lead to wonderful new careers.

In my case, going sober led to writing, starting right here with this blog, and (drum roll), I've just agreed deals for my first two novels with publishers in the UK, USA and all over Europe.

I've heard stories of people launching new businesses in a myriad of fields: teaching yoga, making jewellery, psychotherapy, recovery coaching, interior design. The list goes on and on.

So, if you're reading this while hungover and broke, then just consider the fact that those two things may be completely intertwined.

To find out more about the benefits of going sober, read The Sober Diaries here (UK), or here (USA).

There's daily information and inspiration on the SoberMummy Facebook Page ('like page' to stay updated).

Love and prosperity to you all!

SM x

Friday, 29 January 2016

Money, Money, Money

Today is a very bad day.

I have to file my tax return. Isn't it funny how the first 100 days of staying sober go so slowly, and yet the twelve months between one tax return and the next scoot by like a Russian athlete on steroids?

I particularly resent the hours and hours it takes me to sort out all my tax paperwork and fill in the online forms, because my paltry income barely makes it above the tax threshold. Endless angst for a mere molecule in a drop, in the vast ocean of HMRCs tax receipts.

I remember doing my return last year. I decided to 'celebrate' part way through with a glass or two of vino. Needless to say, that didn't help much.

The other thing I remember about last year, is that I started January, as per usual, with a bank balance of, approximately, zero.

The excesses of Christmas had totally wiped me out. So, by the end of January I was well into my overdraft facility. By the time I'd paid the tax I owed, I was four thousand pounds overdrawn.

It took me months (and begging the husband for an emergency hand out) to get me anywhere near the black again.

My attitude to finances is very mature. I have two basic principles: (1) whenever you take cash out and your balance is displayed on screen close your eyes. (2) Towards the end of the month, when you go to withdraw cash, pray to the cash machine Gods and they will, hopefully, continue to provide.

But, yesterday, as I prepared all the numbers for my tax return, I had to wade through months and months of online bank statements, and I noticed an incredible thing.

At the beginning of January this year I was in the black. SOLVENT!

And, even more incredible: at the END of January I am in the black. STILL SOLVENT!

(This won't be the case, obviously, by the time I've paid Her Majesty's Revenue and Customs).

There is only one possible reason for this miracle (my income is down year on year, not up): I have saved a small fortune by not drinking.

Like the weight loss thing, it's happened slowly, slowly, drop by drop. So slowly that I didn't really notice it (plus I had my eyes closed). But, nearly eleven months later, I am approximately THREE THOUSAND POUNDS better off than this time last year.

HALLELUIA!

Yet another fabulous reason to keep going, my friends.

And, by the way, if you're finding Fridays particularly hard right now, then read my post on Fear of Fridays (click here).

Now, back to that blasted tax return....

SM x