**** I wrote the below series of posts three years ago. I think all three posts are now much better summarized by this “book” that I started last year (but haven’t finished). You may download the ~60 page draft pdf here. ***
Given how taboo talking about money is, many of us are financially illiterate – we have no idea how to save, how to invest, etc. This illiteracy is problematic and needs to change.
My own financial illiteracy was evident when I was hired as an intern by a Fortune 25 company during my undergrad. During orientation, some HR woman was yapping about a 401k. I didn’t have any idea what she was talking about, so I opted out of the 401k. I figured, “I’m a poor college student why should I care about investing in retirement, which is 45 years away? I need the money now.”
It turns out that my company matched 75% on contributions up to 8% of my salary. In other words, I threw away 6% of my salary because I didn’t exploit the company match. In hindsight I realized that even if I had needed the money during my undergrad, I could have taken an early withdrawal on the 401k and paid the penalty and still been way better off.
It was this experience which prompted me to learn more about personal finance. Over a decade later, I’ve devoured every blog and book I could get my hands on.
Fortunately, anyone can master their finances. It does not require a PhD or a high IQ. With a bit of guidance, practically anyone in the U.S. can be a millionaire.
The recipe to generating wealth is dumb simple, as I’ll document thoroughly in this blog:
Following the above advice, I will regularly update our journey here:
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