Peasant

As soon as you have a positive gap between your income and expenses, it's time to Lessen your Liabilities and pay off everything that has been holding you back.

But WHY?

The last thing the world needs is another personal finance blog. Everything from getting out of debt, retiring so early it’s almost like you never worked, lifestyle design, and entrepreneurship has been covered. If you want to make your own laundry detergent or stop shampooing your hair, frugality blogs have you covered. If you want to go off the grid entirely, financial independence blogs are your thing. If you want to build the next big thing, there are great entrepreneurship blogs.

But if you’ve been following them for any length of time, you’ve probably noticed your interest goes in phases. Maybe starting out, you were really interested in Get Rich Slowly or The Simple Dollar. You couldn’t get enough of their tips on how to cut the fat from your life mercilessly so you could spend your money on the things that matter to you. But then you took their conclusions to their logical end and thought, “Well hey, if I can get my expenses low enough, it wouldn’t take very long to save enough to retire in my 30s,” only to find out Early Retirement Extreme had already been written and Mr. Money Mustache was all over how to make that aha! moment a reality. But halfway through the ten years it’s supposed to take to reach this early retirement phase, you get bored with whatever job has you chained to a desk chair in a cubicle, so you start wondering if you’d be better off building your own business doing something that actually matters to you. You start poking around and find Smart Passive Income and Click Millionaires and realize the internet is a veritable minefield of business opportunities.

The disappointing part for me was the day I started evaluating whether I even wanted to follow some of my old favorites anymore. I felt like people got so stuck in a certain phase that they never expected to grow out of it. If I’m not growing, am I even living?

It hit me that it’s completely natural to go through levels in my personal finance journey. Once I stop spending more than I earn and limit my losses, I start paying off debt to loosen my limitations, and once the debt is gone, I save enough money so I can  jump out of the workaday world and liberate my life, building something that excites me. When that takes off, I’ll have the fun opportunity to invest in whatever I want, choosing the things I really think will improve the world, leaving my legacy.

That’s what I intend to do with this blog. If you want to read all the articles associated with whichever stage you’re in, use the character category links, but if you’d rather keep your eye on the bigger picture, it’ll all be right here!

Where are you in your personal finance journey?

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