Millennials own the dubious stereotype of being entitled and impatient. As much as the word “Millennial” makes me cringe, the cohort’s sociological trends, financial well-being, and career aspirations are interesting topics. So many Millennials, myself included, have been haunted by the question “What now?” In this post, we will talk about what it means to set goals as a young adult, and why it is important.
Life is unpredictable, especially when it comes to finance. It seems like every unexpected financial event is negative, but sometimes the news is good. We just had a pleasant financial surprise — we received a $10,000 inheritance! Here is how we are handling the financial luck in a responsible fashion, and what you can do as well.
We have a very exciting announcement at Millionaire By Forty! We formed a partnership with the AOL Finance Collective, a group of trusted voices covering personal finance, careers, small business, industry trends, and real estate. How did we go from having nothing to a business partner in less than a month? Here are the 5 steps we took to make it happen, and how you can too!
As several of you are aware, the entire goal of this blog is to chronicle the journey to having a net worth of $1,000,000 by my 40th birthday, which is February 12, 2029. That being the case, it is fitting to have an annual progress report to show how far we have come over the previous year. Well, today is my birthday! Because the blog is so new, this will serve as the inaugural edition!
I made a mistake. A big one.
There is a certain falsehood to the idea of “upgrading” one’s life and what that means financially. Once I turned 18, I finished high school and went to college — upgrade! Once I finished my bachelor’s degree, I went to graduate school — upgrade! Once I finished my doctorate, I got a job making $80,147 plus benefits — yet another upgrade.
Every time I had an “upgrade” in life, I thought that I deserved a higher standard of living. I thought to myself, “I worked hard to get here, so I deserve to have nice things. The world owes me a good life.”
But I soon learned, the world owes you nothing.
Welcome to Millionaire By Forty (MBF), a personal finance/entrepreneurship blog where we set lofty financial goals, and then achieve them.
Taking the first step in any endeavor can be challenging. I have stared at the computer screen, blankly, trying to think of what to say (and what to save for later) in this first post. So, I decided that the good ol’ fashion “5 W’s of Journalism” would be an appropriate and succinct start: Continue reading “First Post: Introductions”