The internet is brimming with both advanced and basic financial planning tools.
When I first took on the responsibilities of a family and a mortgage, I knew I had to ensure our household was always secure. This meant not just working hard and earning a decent living, but also understanding enough about financial planning to utilize various methods for growing our income.
I began by diving into numerous money management books, hoping to uncover the secrets to wealth. By choosing books authored by millionaires, I aimed to learn their successful strategies. This approach was somewhat effective. I grasped the basics of financial planning, including concepts like 401ks, IRAs, and stocks. I also learned about passive income and how it can transform lives.
Books are valuable, and I won’t dismiss their importance, but eventually, their messages became repetitive. The repetitive advice of “spend less, save more” started to grow stale. My curiosity about passive income persisted. I wanted to know if real people genuinely succeeded with it.
Indeed, they do! I found these success stories on blogs.
Reading blogs provided me with more in-depth insights into personal finance than I ever expected. I’ve discovered specific information on topics ranging from retirement planning to stock valuation. There’s even content on more advanced subjects like options trading and investing in private companies. No matter what financial topic you’re interested in, there’s likely a blogger who has experienced success and is willing to share their journey.
The authors of these blogs practice what they preach. They genuinely retire by 40, replace their employment income, and achieve financial goals. Moreover, financial blogs offer timely updates. Unlike waiting months or years for a new book, you can get fresh insights from your favorite bloggers a few times a week, offering raw and uncensored advice.
Unlike conventional financial advice available in bookstores, blogs provide a diverse range of strategies. Forget the standard tips like saving 10% of your paycheck or avoiding debt. There are countless unconventional methods people swear by, each with its own success story. The real question is: What do you want to learn?
If you’re interested in finding some great financial planning blogs, check out this infographic by Credit Audit. Surprisingly, My Money Design secured the No. 7 spot out of 100, which is impressive given the stiff competition from more established personal finance blogs. It’s gratifying to know my site is valued by others.
