My goal is to help you create a lifestyle of positivity and possibility. I am smiling!

– Warmly, Honey

How to Create Financial Sustainability for Yourself

These days, no matter what the topic, the talk is all about sustainability.

In regard to financial sustainability, there are three legs to the stool: income, spending, and investments. Let’s dive into each!

Creating & Achieving Financial Sustainability


Income is derived from the money you make through your job, using physical or mental labor, or both. Passive income can be created through property rentals, bond interest, dividends and capital gains from investments.

Increasing income can be done by learning a new skill, getting a promotion or taking a second job.

Maximizing your skills and continued education, either formal or on your own, is a valuable asset. This could be as easy as teaching yourself about investments in your downtime. There are plenty of online tools available to learn this.

Also, don’t rule out that Social Security will be available once you become eligible.


How much you spend and the debt you carry are two areas that are completely manageable by you. The categories of largest spending in any household are housing, transport, taxes and food/entertainment.


Depending on where you live, it might make more sense to rent instead of buying a home. Or, rent out a room in the home you already own. Perhaps rent out a subsection of your home in order to help with the mortgage. Putting off that remodel of the bathroom or kitchen, or the re-do of the backyard will also allow you extra money to put into investments.


Regarding transportation, you could walk or bicycle to work or take public transportation instead of owning your own vehicle. Other options include carpooling or using a ride sharing service. The cost of car ownership is over $8,000 per year, $650.00 per month, or $22.00 per day according to AAA’s 2015 Your Driving Cost Study. How much of your day is spent covering your car expenses, which according to Fortune is parked 95% of the time?

Food & Entertainment

Food and entertainment are other expenses entirely under your control.

Brown bagging your lunch to work, although not fashionable, can create great savings. Not purchasing that specialty coffee daily or going for drinks after work is another great way to save. Learning how to cook, which is healthier and a great skill to learn, will pay off for a lifetime. Purchasing products in bulk or on sale, learning to break down your own meats or even utilizing the crock pot for one dish meals all increase your ability to eat well for less.


What you do for vacation options, what kind of digital equipment or chrome-based toys (cars, motorcycles, boats) you are inclined to purchase and what you do for fun on weekends all add up. For the most part, these items are depreciable assets. Rarely can you sell them for what you paid.

The Choice is Yours

You can invest for your future retirement or live it up today. This doesn’t mean you cannot enjoy life today, but always keep an eye on the prize.

Make adjustments in any of your current spending areas, and you will see your investments grow measurably.

Debt is an albatross around your neck. It slows down the creation of your wealth, so get rid of it. Whether it is a student loan, car loan or credit card debt, pay it down, and quickly. Debt servicing fees will eat you alive.

Track spending

To understand your cost of living, it is imperative that you track your spending. This simple tool can be a real eye-opener. Do you have any idea how much you spend per day, month or year? This is key to your financial independence.

By knowing the amount of money you need annually to maintain your current lifestyle will give valuable insight into how much investable capital you will need to cover your expenses.

These figures are important to know for several reasons.

First, if you can aggressively manage your cost per day number, then this allows you to put more into investments and savings, or to pay down your debt. This will help you grow your wealth in leaps and bounds.

Second, if you train yourself now to live below your means, you will have that self-discipline already in place for the rest of your life. This seems like a simple statement, however as is evident by the amount of household credit card debt outstanding, this is not so common.

Finally, knowing what you spend per year will tell you how much money you will need to have in liquid assets to pay for your financial independence. Experts say by investing 25 times the amount you spend per year in liquid assets, such as stocks and bonds, for your retirement will create a sustainable money machine.

Investments = Financial Freedom

Create your own money machine by investing as soon as possible in your life and letting time work for you. If you are a Millennial, time is on your side and is your most valuable asset.

When it comes to creating a financially sustainable environment for yourself, one must have each leg of the stool being strong, holding its own weight. This financial independence will create a life of personal freedom and choice.

You could still choose to work if you enjoy what you are doing, and thereby continue to contribute to your personal wealth. You could also have the time and wherewithal to create a product or service that will benefit others without the pressure of debt or living expenses. You could travel or volunteer anywhere around the world, utilizing your personal skills and abilities.

You would be in charge of your life and not dependent on a job, a boss or a particular location with high living expenses or bad weather.

Once your financial life is self-sustaining, then you are a free agent and opportunities and choices will appear for you.

Final Thoughts

We believe that financial independence is one of the best things you could do for yourself and – without sounding dramatic – for the world.

Once you are no longer a wage slave and on the treadmill of working and consuming, then you have the freedom, in both time and money, to contribute to those less fortunate than you.

Being self-sustaining often creates the by-product of consuming less and enjoying more. Acquiring experiences over things has worked for us.

We encourage you to achieve this beneficial goal no matter at what age you accomplish it.

About the Authors

Billy and Akaisha Kaderli are recognized retirement experts and internationally published authors on topics of finance, medical tourism, and world travel. With the wealth of information they share on their award-winning website, they have been helping people achieve their own retirement dreams since 1991. They wrote the popular books, The Adventurer’s Guide to Early Retirement and Your Retirement Dream IS Possible available on their website bookstore or on

If you have something to say about this topic, let’s talk! Share your thoughts either in the comments or on FacebookTwitter, and Instagram.

If you enjoyed this story, please subscribe to the Honey Good email list. Once a day, when we post a new story, you will receive it in your inbox

No Comments Yet

Leave a Reply

Your email address will not be published.