Bryan R. Smith for The New York Times

Credit: Bryan R. Smith

Humble Beginnings Hold No One Back

Between the ages of 16 and 25, my reality was one of downward mobility with multiple years spent living life at the poverty line. This blog crystallizes the habits I developed as I slowly climbed out of the financial abyss and made peace with the materialistic urban jungle I now call home. Along the way, I earned my FINRA Series 7 and 63 licenses which provided the foundation of my personal finance education and galvanized my geeky obsession with  making consistently right money decisions every single time a purchase or investment is made. Wealth, health, and time are the net worth levers that we work with daily, and I believe that each of us can strike an optimal balance on the road to holistic prosperity. To all those who wish to have a productive relationship with money, I provide encouragement and companionship, for we must all continuously work hard on the quest for financial independence and financial fulfillment. The struggle is real as any one who has debated how much to gift friends at their weddings or donate to a cause just as rent is due can attest to.

Time Can Help Us Win – If We Let It

For us millennials, time is our generation’s greatest asset, but the lifestyle temptations that the media sells us and the pernicious unexamined money lies that society extols get in our way. The median household retirement savings amount is $16,000 for breadwinners in their twenties and $45,000 for those in their thirties, despite the fact that $1,000,000 is the median retirement goal across all age groups. There is nothing more terrifying to me than not being able to enjoy our hard earned wisdom and freedom later in life. Transforming my relationship with money helped take fear out of my decision making process and set me up to accumulate a net worth that is greater than what the majority of older Americans have stored away. We may be young, we may be in average jobs, but we can still generate above average net worth.

I’m Convinced about Financial Independence – Where Do I Begin?

Depending on your starting point, you can: commit to financial independence, talk to your friends about money, optimize your savings rate, learn what your personal price guidelines are, don’t buy into the hoax of good debt, and/or jump into investing. I hardly talk about debt as it is no longer a part of my life and my focus is on how to spend money well + make optimal financial decisions. Even if debt is a larger part of your financial reality than you would like it to be, this blog can still be a cheerleader for you as it is an equal-opportunity home base for everyone interested in living the best version of their life while working towards early retirement. No one is being forced to work until 65 – everything in life is about the choices you make.

I operate this site with the goals of creating/finding a community of fiscally enlightened consumers, fulfilling my creative desire to talk about a topic that is dear to my heart, and keeping myself accountable to a long-term goal. I tend to post either weekly or bi-weekly on Stewards of Abundance. Some weeks I tackle meaty topics/concepts that call for longer posts, and other weeks I tackle more targeted issues/strategies that aren’t as detailed. While I’d love to make this a full-time or part-time job in the future, I currently don’t have the bandwidth to post more frequently and thank you in advance for your understanding. I’d rather put out useful content than drivel or derivative entries that you can find elsewhere. There may also be the occasional tech glitch which I assure you is mortifying for me as I’m part of the supposed tech wunderkind generation but haven’t learned to code. Take a second and use one of our subscription methods to get our updates. You can either receive updates via Facebook, our RSS Feed, or via our Newsletter.  [mc4wp_form]

If there is ever a topic you would like to see me post about or if you have specific questions, please don’t hesitate to drop me an email at [email protected] I always enjoy hearing from readers and building relationships through the conversations we develop here. Thanks for reading Stewards of Abundance.

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I'm always thinking about prosperity and eager to hear what you have to say. Drop me a line here to keep the conversation going.

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