Today, I start a journey that I hope will benefit many of you out there. I started this personal finance blog to share my experience while I work to achieve financial independence. Before I start all that, I want to share how this all began.
The Great Recession started shortly after my mom purchased our first home. Given the high mortgage payments, my family struggled to make ends meet. While I watched my family struggle, the topic of financial independence crossed my mind. I recall cuddling in my bed in my early 20’s perusing the personal finance subreddit. I learned that others chose to make their money work by purchasing duplexes and rental properties or by investing large percentages of their income into the stock market. I listened to the Dave Ramsey podcast and learned that consumer debt is evil and prevents people from achieving financial freedom and stability. And finally, I remember searching google for the most stable and high paying jobs so I could give myself peace of mind.
Then, our house foreclosed.
Fortunately, my mom is savvy and we found a cheap apartment, but the need for financial stability and a debt free lifestyle ingrained itself in my brain.
After the loss, I became hyper-focused on my schooling and career development. While the financial lessons from the recessions lingered, I didn’t consider starting the path of FI until my late 20s. However, I strongly believe that you can start this path at any moment by learning, asking questions, and applying the principles many in the FI community follow. If you are in your early 20’s, it’s ok to think about personal finance instead of school. Likewise, if you’re older, there is still time to learn to save and budget your expenses!
There’s is so much to talk about regarding FI – budgeting, insurance, taxes, retirement planning, banking, and minimizing debt. So, let’s explore this path together!
Cheers!
FI Addict