I Am Merely the First Step
June 6th, 2006 | by Molly's Brother |Please understand that my little blog, this little corner of my life and this little patch of electronic ether on the internet is but merely the first step on your way to getting your financial life in order. It’s about understanding exactly where you stand financially. Whether you’re a recent college grad who is entering the workforce for the first time or you’re a 45 year old mother of two who woke up one day and discovered that you’re financially in over your head (way over), this blog is for you. It’s designed to demystify the world of personal finance and hopefully point you in the direction towards financial freedom.
Many bloggers out there will decry that dropping money into a savings account is not a financially prudent thing to do when it comes to making your money grow. And, in a way, they’re right. Overtime, it is generally assumed that the rate of inflation will out-pace the rate at which you are making money in your savings account.
However, while you are at these beginning stages of developing a savings plan, your initial goal is not to make money. Your initial goal is to drop your money into a savings account, thus developing a fully funded emergency fund. From there–assuming that you’ve figured out a way to eliminate your debt (or at least keep it under control)–you should focus on investing your money.
This blog truly was created with the intention of helping others learn from my mistakes. I thought about pulling my financial health together too late for my own comfort. And I want others to realize that there is a light at the end of the tunnel. But you have to decide to do it and you have to commit to that decision.
