Tag Archives: discipline

How I Wrote a Book in One Summer – and How You can Too

Most of us see writing a book as a daunting project – one that could take months, if not years to complete. But it doesn’t have to be this difficult. I began my summer in 2018 with the idea of producing a manuscript that was both clear and comprehensive. And that’s what I was able to do.

I didn’t complete this task out of sheer discipline. In fact I put very little upfront effort into completing the first draft. How?

I all begins with habits. I made a point to start the summer with a new routine. Each morning I would produced about a 500 word chunk that could be added to one of my chapters. As time progressed throughout the summer I began to enjoy the process of writing each morning.

As writing became a daily habit my confidence began to grow. I went from a 10,000 word manuscript to a 25,000 word manuscript to a 40,000 word manuscript. And before I knew it I had completed the first draft of my book.

To be frank I didn’t finish editing the book until the end of the year. What I really did last summer, which I find to be the most difficult part of writing a book, is complete a first draft on little disciplinary effort.

My book, which just came out this January, proves to anyone, including those who hate writing, that book creation doesn’t have to be as tedious as we once thought. The key to success is to start and make writing part of your daily routine.

Renting Vs Buying – 4 Factors to Look At

Most people will spend the largest percentage of their income on housing. Deciding what kind of housing, and how much can be the most crucial financial decision you’ll make. Choosing between renting or buying can literally be the difference between retiring in the next decade or not.

I am going to cover the largest factors that determine which option is better. In a later post I will outline what my math and research has shown, and which options work best for which situations.

Time-frame

For the vast majority of cases, the rent vs buy scenario comes down to timing. If, for example, you plan on moving in the next few years, renting is almost always better because of the closing costs associated with buying. However as we begin to look at longer time horizons, renting generally becomes more and more expensive, relatively speaking.

Location

In certain locations, like San Fransisco for example, it makes proportionally more sense to rent than it does to buy over shorter periods of time. This is due to the fact that there lies what I call a “Cali Premium” for people who buy real estate in any of the large metropolitan areas along the California coast. Because of this higher pricing, the cost to rent is comparatively lower than most areas of the country.

Discipline

The numbers only make sense if the person doing the renting is investing the difference (assuming there is a difference between renting and owning) consistently. If someone simply rents over buying, the numbers skew back in favor of the homebuyer, who has automatically enrolled in a “forced savings plan.”

The Numbers

The last major factor to look at is the actual numbers and data. These are questions like, what is the interest rate on the loan, what is my rate of return on my investments, how fast does my property increase in value, and how fast does the rent rise year-over-year? These four questions are some of the most impactful when it comes to analyzing the numbers, but there are a host of others to ask as well.

Hopefully these insights are beneficial when making these important decisions. I looking forward to seeing how the actual numbers pan out in real life in the years to come.