Most middle-class people have more than a million dollars pass through their hands during their working lifetimes. Despite all of this earned wealth, many end their working careers with even less than they started. All of those hours spent at work instead of with family. All of those missed dinners at home. All of those miles driven to the office. All of those hours spent in the shop or on the assembly line. Despite all of that sacrifice, most people end up reliant on the small sums provided by government programs in their retirement. Poverty and old age have become synonymous. We make far too much money as a society to let that be the norm
Even during working years, the ability of people to support themselves, let alone help out their neighbors in times of need, is declining. Many people with what would have been considered extraordinary incomes in the 1920’s are a paycheck away from missing a house payment and getting calls from creditors. A new roof requires a loan. Having children attend college results in a graduation with tens of thousands of dollars of student loan debt. Most people have nothing left over at the end of the month for anything but the most minor of bills.
I envision a different society where everyone isn’t in debt up to their eyeballs. A place where most people have enough money to take care of themselves and their families and have enough to pay cash in all but the most dire of circumstances. A society where the elderly have enough to live comfortably and in dignity; with the ability to pay for high quality healthcare and to make their own decisions on how it will be provided. A society where people have enough money to help others out when bad luck occurs.
There are some individuals out there like Dave Ramsey who tell those who have fallen deep into debt how to dig their way out. The advice ends when one pays off debt, however, with little information on how to build wealth from there. That is where The Small Investor takes over.
Becoming financially independent does not require luck. It just requires planning, living at less than your means, and proper saving and investing to multiply the money you earn through work. The goal of this blog is to provide the information and encouragement to help people reach financial independence.
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I’ll be happy to answer questions people have and post on specific areas of interest, so please feel free to add comments and questions. For questions, either use the form or email me at email@example.com). Note that these will be answered as future blog posts so please check back. Also note that by submitting a question you are agreeing to have your question printed on the blog, although I will only print first names for privacy. Finally note that I will not provide specific investing advice because I don’t know your specific situation. So questions like “I have $10,000. Where should I invest it?” will not be answered, but questions like “What are some good ways to reduce risk when investing?” “Why do they recommend you increase the amount of bonds you hold when you get older?” or “What are some good ways to save for college?” are likely to be answered.
Disclaimer: This blog is not meant to give financial planning advice, it gives information on a specific investment strategy and picking stocks. It is not a solicitation to buy or sell stocks or any security. Financial planning advice should be sought from a certified financial planner, which the author is not. All investments involve risk and the reader as urged to consider risks carefully and seek the advice of experts if needed before investing.
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