I have been interested in investing and finance since I was about 19. I began dabbling in the stock market in the late 90s. In 1998 I placed my first trade. I piled all my savings into a single company and believed that I was an investing legend… until the dot com bubble popped I sold those Intel shares in 2002 for about 25% of their peak value. That started me on my journey to learn about growing my income, managing money, investing, and trading.
Why oh why start a blog…?
Great Question. I created this blog for a couple of reasons.
- Starting a blog and publishing info on my spending and net worth will keep me accountable to my financial goals.
- I want to further improve my finances by creating another income source
- there is a lot of bad (and sometimes terrible) financial information being given to people.
Some of this advice has the potential to have negative impact on peoples finances. I want to balance that.
I will openly share with you info regarding my investments and net worth and how I budget and manage my finances. Hopefully this will show I am not another talking head with just blah blah info.
Our Simple Philosophy
Create goals that you want to achieve and review them often. Understand why you need them. Use them to drive you when the motivation drops and the journey become harder.
Plan of Actions
- Spending – Have detailed budget for monthly and annual expense.
- Debt – Get rid of it and don’t take on anymore.
- Income – Grow it; Lear what you need to get promoted and/or generate additional income to the day job.
- Investing – Stocks, bonds, property, wine,…. keep pasively growing your net worth, protect it from inflation .
Spend some money on things and experiences that will bring happiness to you and your loved ones.
Depening on the level of your weath and your financial goals, the plans can be expanded for generational wealth. How can you legally pass your wealth to your children.
Money is important; it is needed to live in modern society. That said, do not become obsessed with making it. Do not forget to enjoy life along the way. Be grateful for what you have, even if you want more.