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My Greatest Personal Finance Life Lesson

The year is 2001 and I am just 12 years old. The time where desktop computers were becoming a house hold product. The days where you could pick up one of those free 1 month worth of dial up internet on an AOL CD given out for free at Walmart and other stores. The time where you would have to connect to the internet through a dial up connection and no one in the house could use the phone while you were connected to the internet. Remember those days? I certainly do but for a different reason.

Growing up my parents didn’t have a lot of money. They had me young and they always did their best to make ends meet. When desktop computers became a household product I wanted one. Most of my friends had one or were at least able to use their parents computer. After months of begging my parents they finally agreed to let me use my entire “life” savings that I had. My savings account consisted of money I had received from my family and parents since I was born from things such as birthday and as Christmas presents. The amount was around $2000 and the computer I wanted to buy was $1700. Now spending that kind of money on a computer these days you would be able to get a top of the line one but back then that was for just an average desktop. The day I went Best Buy with my parents and purchased the computer my father gave me the cash and let me pay for it (with him at the counter of course). It was a weird feeling holding the money in my hands for the first time and knowing it was almost everything I had saved over since I was born. After I got home all excited to set it up my father sat me down and gave me a life lesson that I would never forget.

The $1700 dollars he withdrew from my savings account to pay for the computer gave me the lesson that I should never spend money on something that  I can’t pay for right then and there. He also really made me think about the amount of money I just spent and how long it took to save it. I had spent the $1700 within just a few seconds. It really made me think about the value of money. I was buying this computer because most of my “friends” had computers and I also wanted to be apart of the fun. So to this day before I make a purchase I think to myself do I really need this?

Let’s get started!

Since this day, I’ve had a passion for investing and all things related to personal finance. Throughout my teens, I focused my attention on ways to make money. I sold stuff on eBay, and took my earnings and saved and invested. I made more money than I lost, and I was hooked. Once I got to college, I soon realized that most people were oblivious to investing and personal finance. I ended up helping many of my friends and peers, and have decided I would like to extend my personal financial lessons to people here.

Let’s take this personal finance journey together. I’ve learned a lot over the years that I want to share with you. And I want to learn from you as well.

If you get fired up about:

  • Becoming Financially Independent
  • Hacking your spending to extremely low levels
  • Reducing wasteful consumption and paying off debt
  • Learning the basics of personal finance & investing
  • Retiring early and achieving financial freedom

Then you are in the right place and thank you for allowing me to be apart of your journey. I picture my blog as a personal financial road map that can help put you on a path towards financial freedom just like I have. Each person will be at a different stage of their personal financial road map but they all lead to the same goal of achieving financial freedom and early retirement. The road map is broken down into 4 different stages:

If it is your first time here I recommend starting here no matter where you are on your financial road map. Are you looking to cut down on your spending habits and saving money check out start saving. Looking to pay off those credit cards, student loans or other bills then the pay off debt section is for you. Now that you have your finances under control and you have paid off your debt start investing. Looking for ways to get you to your early retirement? Check out retire early. If you find that my personal finance blog is not for you I still want to help push you towards the right direction so you can check out my top 50 personal finance blogs of 2018.

I welcome all questions and comments you might have and feel free to contact me. I will try to respond to all comments and emails within 24 hours. I send out a newsletter once a week containing 5 articles that I believe people should be reading about personal finance in the weekly newsletter. If you are interested feel free to subscribe below.