Now this is a post I should have done a while back but am finally getting round to it (better late than never!!).
We work our way through secondary school striving to get the best grades possible to get into the University and degree course of our choice. Once we get there we “graft” away aka:
- Attend the first few weeks lectures
- Go to numerous parties each week often meaning that you miss the bulk of lectures in the middle of term.
- Attend all lectures just before the end of term in preparation for exams (hoping the lecturer may drop a hint or two)
- Cram everything you should have learned during term time like your life depended on it and pray that it all comes out during the exam.
Admittedly things may be different for today’s students given their comparatively astronomical fees, but the above was my reality. Anyhow I digress, so we work our behinds off to get that good degree classification in order to get that “good” job. Having done all that, for me it was a bit of an anti-climax. Sure, I was getting good money and working for a reputable firm but there was this feeling of “so this is it until age 65”?
I just felt that there had to be more to life than the 9-5 routine, (or the 9-1am as was often the case in my field), then living for the two days at the end of each week. Some may claim this is the so-called millennial sense of entitlement, but I call it belief in having a life/freedom to spend your time as you choose, as opposed to living to work. Having read a number of Personal Finance books I had been introduced to the concept of making money work for you to produce passive income but it still felt like something unattainable. Many of the things I’d read were focused around using property as a vehicle and I had nowhere near the required amount for a deposit (the no money down days were well and truly over post-2008).
Fast forward a couple of years and I came across this Forbes article about Mr Money Mustache, who had retired at 30. He had done it without a lottery win but by putting his earnings to work. Having discovered this movement in my late 20s it was a bit late for me to aim for retirement by 30 but it got me wondering what I could do if I started putting 50% of my income to work.
Having embarked on my own course of Financial Education ever since, I have found myself having to bite my tongue when people say things like:
- They’ve just purchased a £25,000 brand new car on finance.
- They can’t afford to save (despite earning almost twice the national average salary).
- They’re going on holiday funded by debt because “they deserve it”.
I guess it’s difficult to go back to wasting money and accumulating debt once you’ve been woken up to the reality of that situation. As a result this blog is my outlet, serving to provide tips on all things personal finance to those who want to take control of their financial situation but are not sure where to start. Particularly my fellow Millennials hitting/heading towards their third decade and thinking it’s too late to start.
For me the blog also serves as an accountability factor pushing me on in my journey, whilst developing new posts/insights for my readers. As they say variety is the spice of life so you will often find Lifestyle posts and the odd random ramble thrown in for good measure.
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