Good habits

The first station is cash management. This creates the foundation for your finances by clarifying your starting point. You will discover how much you earn, how much you spend and how much is available for savings and debt repayment. Knowing this will help you avoid cash crunches, be prepared for the future and have an idea of the timeline for reaching your goals. Later, you may decide to make changes to your earning or spending in order to achieve your goals. The first step, however, is being clear about your present situation.

Qi Gong — Low Impact Chinese Exercise

Qi Gong is a form of exercise practiced primarily by the Chinese. Meaning “energy work”, it is simple to do and requires no equipment and little training. It can be done anytime, anywhere. Anecdotal evidence points to health benefits, but even if science doesn’t prove or disprove these claims, it beats sitting, doing nothing. I have included instructions and a video from the TaiZhong Cultural Center.

Recurring steps

The time that you need to spend to keep your finances on track is minimal, but it needs to be regular. Spending an hour or two every month will help you develop good habits and progress toward your goals. Spending a couple hours a month on your finances can save you many hours of worry. You need to regularly make sure your cash flow hasn’t changed and assess your progress toward your goals. Less frequently, you can evaluate opportunities that arise based on interest rate and market movements.