Monday, July 10, 2017

From $0 to Financial Independence

I started 2ndGenFI to share my journey towards Financial Independence. I'll be the first to admit that this concept is relatively new to me and that I myself have so much to learn about personal finance. While this website will for now, largely be about me and my personal FI story, my long-term goal is to transform this into a resource and community for everyone to gain their own financial independence.

At the start of this blog, July of 2017, I'm a 22-year-old, working on finishing up my undergraduate degree hopefully by next spring. I'm currently majoring in an online Business Degree. I chose to pursue my education online for a couple of reasons, namely, my career and finances.

I was never very interested in taking on student debt and pretty much refused even considering it. From early on I had much advice coming from different angles. Some friends and family encouraged me to get a degree as quickly and cheaply as possible, while others argued that I should go to a typical four-year college and attend campus.

I would be paying for any and all tuition after whatever my Financial Aid covered. In the end, I chose online classes and as a result, have saved tens of thousands and have no student debt. I also don't have much in the way of savings, but I consider it all worth it.

The other main reason for my academic decision had much to do with my work. I'm a small business owner. I'm a part owner in a family owned landscaping business in Northern Virginia. Being able to complete classes online allows me to continue growing and managing my business and of course, make a salary that I can both live on and pay for my tuition.

So far considering the decisions I've made and where I'm at now, I overall happy with where I now am. However, I know that I can do so much with my resources. While I have no debt, my net worth is essentially zero.

There are worse places to start from. My goal is to take that $0 and turn it into FI. And I want to share my journey with you.

- 2ndGenFI

No comments:

Post a Comment