I decided to write a series on Personal Finance that is based on my experiences over the course of the last 5 years. This series will allow you to see how I did it, the techniques and methodologies I employed to eliminate debt, save money, plan for retirement and raised my credit scores. This whole series is based on the the perspective of starting young (being 26 years old) and archiving financial independence early so that you can enjoy your later years.
No one I know, likes living paycheck to paycheck, but many of us do. I can confidently say that if I was laid off or fired tomorrow I would have enough reserves to sustain myself for 12 months. This was a goal I set for myself years ago and I feel that everyone should be able to make that statement if they follow my plan.
Disclaimer: This series will provide you with techniques for gaining financial independence. However, results may vary and the entire process will not occur over night. Personal financial planning is long term in nature tinged with short term goals and objectives.
I will structure this series in 8 parts.
- Budgeting
- Eliminating Credit Card Debt
- Easy Ways To Save
- Savings Plans
- Retirement Plan
- Investments
- Wants vs. Needs
- Credit Score Rebuilding