Hello! Welcome to One Millennial World! My name is Lara, a millennial who just turned 30 and I am passionate about educating other millennials (or anyone for that matter) on what isn’t taught in school, and that is personal finance.
I’ve spent the past ten plus years learning as much as possible about personal finance, financial security and financial independence. I doubled my efforts after graduating from college. I graduated in 2011 with a Bachelor of Science in Nursing, and without a clue on how I was going to pay off my ginormous student loan debt.
I have never attended an elite, Ivy League school, inherited money or won the lottery, and I actually knew very little about personal finance when I first started college. In the last six years since graduation, I have paid off over $35k of student loan debt in 2 years, bought a house at the age of 28 (by myself, with a 20% down payment), maintained a credit score above 800 (currently it is 821), maxed out my Roth IRA contributions for the last 4 years, and created a simple investing strategy for my retirement and investments accounts.
I have been meaning to start this blog for a while, and I am glad I finally decided to jump head first in to it!
Why I Created This Blog:
1. Give Millennials and young people (or anybody) a place to start learning about personal finances (because you didn’t learn this in school!)
2. I am tired and heartbroken to see many family, friends, coworkers, and millennial peers making good money, and still always be “broke” with nothing in savings or retirement.
3. Share my experiences (good & bad) about budgeting, finances, homeownership, minimalism, FIRE, eco-friendly living and hope people can learn and implement it into their lives.
4. Make life easier in the long run for you so you can spend it with the people you love, enjoying life and not always worrying about money. Quoting Suze Orman, “People First, Then Money, Then Things”.
What This Blog Can Help You With:
1. Learn how to budget your finances.
2. Learn to live more with less, and still be happy.
3. Learn how to start investing your money for the future and retirement.
4. Find a balance between working, saving and enjoying life.
5. Understand your saving and investment options.
6. Find your path to Financial Independence (FI). Want to retire before the age of 65? I do!
This blog is not driven by a desire for notoriety, fame, a high-fashion lifestyle, or a ridiculous amount of wealth and riches. I am not rich and I am not out to get rich fast. I desire to judiciously manage my money and financial resources in order to build my wealth, and find financial security, independence and freedom. I don’t plan to quit my day job any time soon. I love what I do working as a nurse!
My overall plan and goal is to reach financial independence and retire early (FIRE). My plan is not to completely retire, but work part-time and supplement for income with passive forms of income. I love working as a nurse, but it’s a hard, demanding job, and I don’t think I can work 40+ hours a week for the next 35 years.
This is my first blog and my first blog post. Thanks for giving me the chance to share my advice and knowledge. I hope it can help make your life easier, less stressful and more enjoyable!