Let’s face it. Everyone wants to be rich.
If not rich and wealthy, you at least want to have enough money to provide for your needs and desires without begging others for money.
But the reality is many millennials have a financial burden that prevents us from saving and living a financially independent life. A recent survey of millennials by PwC found that 55% of millennials do not have enough emergency savings for unexpected expenses. This financial burden goes beyond income. In fact, amongst employees who annually earn $100,000 or more, 46% of millennials find it difficult to meet household expenses on time each month. And odds are, you likely fall in one or both of those categories – I definitely do. Talk about stress!
The first step in gaining financial independence is financial literacy. Here are 4 blogs by average Joes and Joanna’s who desired financial independence and attained it. Their blogs will inspire you to become more financially savvy and will help you create a stress-free financial life. I personally have subscribed to all of these blogs,
1. BUDGETS ARE SEXY
This blog by J. Money lends advice on how to be more aware of your money so that you can take control of your net worth. Not only are his articles relatable and personal but also practical. He provides tools such as spreadsheets and budget templates to help you become more intentional with your spending habits.
A Great Place to Start: 11 Tips From My New Millionaire Friend
2. AFFORD ANYTHING
Afford Anything was created by Paula Pant, a woman who bullishly did not believe that a 9 to 5 was her calling. She saved as much as she could, quit her job and traveled the world. Upon returning to the U.S., she was still adamant that the cubicle life was not for her. Today, she makes enough passive income through real estate investing to support her and her significant other for the rest of their lives. She lends advice on how her readers can begin to live the life they want too, through a change of mindset, habits and practices.
A Great Place to Start: The One and Only Step to Financial Independence
3. THE BUDGETNISTA BLOG
This one is specifically for ladies. Tiffany Aliche is passionate about seeing women “live richer,” which in her opinion means “to experience every-day life for less money and more fun.” In her personal journey, she went from a 547 credit score to an over 800 credit score and also managed to save $40,000 while only making $39,000 a year. She shares a variety of tips on debt, credit, money mindset, banking and more. She sends out tips and resources mostly through email these days, so if you like what you see subscribe to get more recent content.
A Great Place to Start: 9 Ways to Successfully Handle Debt Collectors
4. I WILL TEACH YOU TO BE RICH
The website literally offers countless amounts of information on how to live a more fulfilling life and the best thing about this website is that Ramit Sethi, the creator, gives a way 98% of his content for free. This includes eBooks and courses, he even offers free chapters from his best-selling book to help you learn how to invest. On top of that, one of his goals is to make his free products better than most paid content sold by others.