Hi there and thanks for visiting my blog! This is my first entry, so I thought I’d use this opportunity to describe a little about what I want this website to be about and what I’d like to accomplish here. Since I like lists, I thought I’d keep this simple and enumerate my points:
1.) I want this blog to be about my journey towards becoming financially independent.
“Financial independence” is a pretty vague term, and can mean different things to different people. For some it means being rich enough to buy whatever you want. For others it means having enough money to survive without having to work. Personally, I quite like Wikipedia’s definition — so I thought I’d post it here:
“Financial independence is generally used to describe the state of having sufficient personal wealth to live without having to work actively for basic necessities. For financially independent people, their assets generate income that is greater than their expenses.”
I like this definition because it’s simple and captures the essence of what I’d like to accomplish. I’d like to modify it, however, to having enough money to live without necessarily having to work. The point (at least in my case) isn’t so much as not having to work, but being free to work on the things I actually want to do. It’s about no longer being a wage-slave. It’s about being truly free to choose and control how I make money.
2.) I want this website to be a record of my progress (or regress) over time.
I’m a quasi-numbers guy and it’s hard for me to see the big picture unless I have facts and figures to help me understand what’s going on. Keeping tabs on my monthly income and expenses is an important part of that. That way I can look back in time and compare the past to the present to see how far I’ve moved (if at all). It’ll also show me what’s working and what isn’t.
I plan on sharing these figures online, which to be honest, was a scary decision to make. It’s strange putting it all out there for anyone to see, but I thought it would be a good motivator. By making my numbers public, I figured it would make me accountable, not only to myself, but to others as well. In other words, I won’t be able to ignore my failures. It also opens to door to feedback, which leads me to my third point…
3.) …I want this site to be a conversation.
I know this sounds cheesy, but I think it’s an important point to make. The truth is, I’m fairly new to this and I don’t have a lot of experience. Reading books about personal finances and investing is one thing, but it’s another when you’re connecting with real people who’ve been there and have their own stories to share. The truth is, however, you can learn from anyone — it doesn’t matter how much experience a person has. How many times has it happened to you where a seemingly simple question from someone opened up a thousand ideas you never knew existed? Each conversation is an opportunity to grow and learn something new.
But that’s not all. This blog is also an opportunity for me to have a conversation with myself. Reflection is a good thing, and it’s something I often forget to do when undertaking new endeavours. Having this blog will force me to reflect on my experiences and to be a little more critical of the decisions I am making.
4.) I want this blog to be fun.
Let’s be honest; articles about saving and investing usually aren’t the most exciting to read. For most personal finance is a pretty dry topic. But I don’t think it has to be. Overtime, and hopefully as I get more readership, my goal is to make my blog more interactive. It’s still in its infancy, however, so this might be a work in progress. I have a couple ideas I want to implement to keep things interesting and engaging, but many of these will have to wait a while.
So there’s my list. It’s obviously not definitive and I suspect the blog will evolve over time and become something different than what I originally set it out to be. But these will be my guiding principles for the next little while. If you have any feedback, feel free to comment below. It would be great to hear from you.