I found Alex Beadon‘s Feel Good Blogging Challenge yesterday through Facebook. She has been blogging for a long time and has made a living doing this kind of stuff. I thought this would be a fun project to play with while I’m growing this blog. So here goes Challenge #1!
Why blog about money? Who am I trying to help?
The first question was to describe my tribe, the type of people I want to attract to my blog and work with. Oh man, when Alex said this is a ‘challenge’, she means it! Why? Because what I’m about to tell you is very personal… and I’m usually not the “sharing” type of person, especially not over the internet!
I started this blog because I love money. Ha, don’t get the wrong idea there! I don’t mean it in a greedy sense. I meant that I admire money for what it allows us to do but hey, why don’t I start from the beginning?
We were immigrants to Canada. I came here when I was 9 or 10 years old. As soon as I turned 14, I asked my mom to take me job hunting. It came out of a want to help out my parents (being one less financial burden to them) and because I wanted to get a ‘head start’ in life. I started working at Zellers in the fashion department. Ever since then, I’ve always worked a part-time job through school and post-secondary. By 18 years old, I’ve probably had $40,000 pass through my hands.
The thing was I had exactly $0 saved from that $40,000!! I spent it all on mostly clothes, food, bill payments, a car and some towards my education. I was not lacking in amount or quality of formal education but I was lacking in financial knowledge. And I wasn’t alone.
This realization further developed when I picked up the book “Smart Women Finish Rich” by David Bach. From this, I learned that, even today, women are still vulnerable when it comes to finances. Some of the things contributing to this fact are:
- That women tend to put their careers on the back-burner when they start having families or for the advancement of their spouse’s careers.
- Women in some professions are still being paid less than what their male counterparts are being paid.
- Women are more likely to accept lower pay and less desirable benefits.
- The idea of ‘depending on a man’ (whether their spouse, father, partner, advisor) is still prevalent.
Knowing these things and being able to relate to some of these scary truths in my life, I decided something needs to change and that other women need to be told.
Hence, the birth of this blog…
My aim is to help young women like myself understand the power of money and how to make it work for us. When I stated earlier that I love money, it was because I realized the potential and liberty having money (and knowing how it works) does for you. You have more choices like leaving work to take care of your newborn baby and not having to worry about where the money is going to come from. How about being able to leave an abusive relationship or one that no longer makes you happy? Or treating your hard-working parents to a great retirement and vacations? Get the point?
Someone once told me that money doesn’t bring you happiness. I realize now that it’s a half-truth. Money can bring you happiness in the sense of freedom, choices and options. What that looks like depends on the person.
Why me? Who am I to help you?
This feels like I’m interviewing for a job… and I could be actually. One of the things I have going for me is my genuine passion for financial planning and personal finance management. I love strategizing and making plans about how I’m going to tackle and achieve my financial goals. I’m always scouting for ways I can manage things better, ways to make more money or how to invest money. I love sharing tips with others who ask about finances.
Related Reading: My Money Goals
I think I’d also like to pursue a Certified Financial Planner (CFP) designation. If I go this route, I would be a fee-only advisor specializing in millennial money management – especially in helping women! I’d like to help women take charge of their finances via one-to-one appointments to look at their overall financial health, future goals and make actionable plans to get there.
What’s the ONE MESSAGE I hope you take away from this blog?
It’s simple. Take care of your money now and it will take care of you. I’d love to show you how if you stick around 🙂
Readers, tell me how do you regard money in your life? What’s the role it plays and what do you ultimately want your money to do for you?