I can honestly say I love writing about money and personal finance, it might be my new passion right up there with sports, I think, read, and listen to this stuff every day. I usually write about many things that involve my every day life for personal finance, but maybe there is something more. I guess the better question is "What do you want to read about"?
My personal adventure includes credit cards, student loans, investing, starting my own side business, corporate America, and everything in between. For many of us we are hard working, who came from a small town. Some have chosen to stay, some move into a bigger city, and others get as far away as possible. While I don't know how each and every person is doing that I grew up with, I do know many of you have stable jobs and make a good living. I know there are outliers on both sides that don't make 30K a year and others that make well over 100K. Either way whether you make a small amount or a large amount the numbers are the same with personal finance. Because I think that relating to some of the "Dumb Decisions" I've made over the years, this might get the ball rolling for "What do you want to read about" and these are just a few of mine:
- I took out Student Loans to pay for every cent of college.
- I paid for my first spring break with a credit card, once again every cent.
- My first car that I bought with my own money was a Mercedes Benz.
- Moved to Florida without a job and minimal savings.
- Pursue my passion of coaching by taking an unpaid position 80 miles away
- Pay for my time in Florida with credit cards after my savings ran out
So these are just a few "Dumb Decisions" that I have made over time, I have learned from them which is the most important. They are also correctable in a short period of time, of course I am paying for many of them today and that's what happens if you notice almost every decision that was made had to deal with debt or was one step away from doing so. Student Loans, Credit Card, Car Loan, No job and minimal savings lead to more Credit Card debt. I cannot blame anyone but myself, I mean what am I going to do, blame my parents for not paying for my college or not buying me a new car for college graduation, come on that's not the way things work.
It's great if you are currently standing debt free it makes many of your decisions much easier, but so many of us have made these not so bright decisions. The key is stop making these "dumb decisions" this blog is to point out some of the things that you and I are doing and at the very least think twice before doing them. I have an example and it can really show the difference in choices and decisions in your life.
This person does not have a full-time job and when this person does it is often considered low income. Here are some of the things that I hear that make me believe this person is not going to change or become wealthy or be very far above the poverty level.
- I need a new car, I saw this vehicle and it's only 10K, I just need someone to loan me the money
- I need a new phone, mine is crap, I saw this new one and it looks amazing, I'll just have to wait till I get paid next
- I'm so glad I don't have to dress up at my job, I'm so glad I get to wear jeans and a t-shirt
- I want this new vehicle, but the only way I'm getting it is if I pay cash, otherwise I'm just going to drive my car until it dies of old age.
- New phone, no thanks, I was considering cancelling my service or just getting one of those pre-paid phones, because I'm trying to get ahead
- I prefer not to dress up at my job, but I'm working towards a higher position with higher pay so I can have that choice
Please leave comments on decisions you make or made that were good or bad(bad are more fun today), whether it's for health or wealth, It's great to hear them. Also side note in the upcoming year I'm contemplating taking my blog to Wordpress and getting a little cleaner and more professional looking so be on the look out for that.