I’ve been doing quite a bit of reading lately. I read a lot of blogs and somehow I get clicked with a few personal finance blogs which I discovered from the personal finance section in alltop. My favorite ones are 7Million7Years, MillionaireMommyNextDoor, Brip Blap (funny name, try to say it fast), IWillTeachYouToBeRich. There are lots of gems from these sites and I’m glad that I can learn from their mistakes and how they work their way to be “rich”.
In terms of monetary gain, how much have I earned from these blogs? A lot. AJC from 7M7Y talks about the “magic number” and how to balance life and money. This alone worths at least 2 million dollars to find out (that’s my magic number). Millionaire Mommy blogs about how to take advantage of the market and investing in real estates. This can worth at least a couple thousand dollars. Meanwhile, Brip Blap wrote about his journey of losing 100lbs and building wealth, at the same times giving out free tips to increase salary to 6-figures. Ramit from IWTU2BRich wrote an excellent post on the barriers, or the thoughts/actions inertia. Suddenly I remember the wise words of Professor Orogun: “People always find ways to fail, while I find ways to succeed.”
Success or failure, It is all in the mind.
The lowest level of success is money, but it is usually the hardest one to achieve (you’ll find a lot more poor poets than rich poets, a lot more musicians than rich musicians, hence a far more many people than “rich” people). The common theme running across the personal finance blogosphere is living frugal below your means, not getting into bad debts, investing smartly, and finally starting a business to generate passive income. Get busy and get rich. If you are not busy producing, then you are busy spending. Brip Blap hit the nail on this one regarding saving more or earning more (ideally both should be done at the same time).
Instead of spending time to experiment with different investing tools, I can read directly from these excellent individuals’ experience. Maybe I won’t start or get into the same business, but the ideas and the thoughts being provoked are equally important. Instead of working for money, I am working towards my own number so that one day, I can have money worked for me. Instead of sitting on my butt and think about what I should be doing, I am busy working ideas and projects. It is like I am having a new mentality. The transformation is great.
I am excited to see where I would head to in the future. I cannot foretell, but I know what I have to do. In the mean time, I’ll be a regular reader at the PF section at Alltop. See you there.