Soon after I started blogging about money, I realized something. I’m not the only one doing this (understatement of the year). There are thousands of people out there writing about money and sharing their tips on how to become wealthy. Due to this fact, I often wondered if there was any point to me doing this since it’s so hard to cover anything that hasn’t already been covered.
After thinking about it for a while, I concluded that it’s perfectly fine for there to be so many bloggers. It may be hard to stick out when there are so many other personal finance websites, but I don’t think there are too many and we could use a lot more actually.
Something is catching on
When it comes down to it, you could probably learn everything you need to know about money just by reading one of the classic blogs like Mr. Money Mustache. Becoming wealthy really isn’t all that complicated. You just need to earn some money, save as much as you can and put the savings in index funds. If you just do those three things for 10-20 years, you will be wealthy.
So why do we need thousands of bloggers telling us what to do with our money? We don’t, but the fact that there are so many people that are interested in being smart with their money that they take the time to write about it means we are headed in a good direction with our finances. The things that the bloggers of yesterday wrote about have seemed to stick. Much like compounding interest, there’s a snowball effect taking place in the personal finance space.
People are realizing that the average person can become wealthy if they handle their money properly. That’s the main message that I want to get across with this website, you can do it. Thankfully, a lot of people are realizing this and deciding to share their journeys to financial independence by blogging about it.
Blogging is a great way to stay on track
If I didn’t have this blog, I could stop being smart with money at any time and no one (except my wife) would notice. If you’re going to write about money and share it for the world to see, you kind of need to be smart with your own. So, blogging is a good way to stay accountable and will help you stay sharp if you stick with it.
I’m still early on in my financial independence journey and being able to write out the process along the way will hopefully create an interesting story over the years. I’ve read where some bloggers think you shouldn’t listen to people who aren’t wealthy yet and should only take advice from people who are. This is true in some cases because not all of the advice I’ve seen has been correct.
I think by writing my story as it’s happening, I’ll be able to share it more vividly and have a better end result in the long run. It’s hard to remember every little detail when it’s been years since it happened, so writing it down while it’s fresh on the mind is better in my opinion. Also, if I do make mistakes (which I’m sure I will) I’ll be able to document them more accurately the sooner I write about them.
You get a new family when you start blogging
Another great thing about there being so many bloggers, is the size of the community to interact with. There is a massive amount of variety when it comes to the type of personal finance bloggers. Men, women, any race, any background, any career, high income earners, low income earners, different geographical locations, the list goes on and on and there’s no doubt that you will find a group of bloggers with similar interests that you can connect with.
The world needs more community. It would be nice to have more in-person communities but that doesn’t seem to be the way things are moving. It’s at least nice to have so many people out there on the interwebs that love talking about money as much as you do.
Blogging makes you smarter and a deeper thinker
Taking a blank screen with a blinking cursor and filling it with words that will change the way people think in a positive way takes some serious brain power. Writing is really just another form of thinking, but on a deeper level. Intellectuals, like Jordan Peterson, say that writing is one of the best ways to develop yourself as a person. When you write, you’re telling the world how you see it and making your existence clearer by thinking about why you are the way you are.
You can really benefit from writing down your thoughts. With smartphones, we’re always taking in massive amounts of information and constantly getting stimulated by notifications and social media. If you just put the phone down for a couple of hours a week and write down what you’re thinking, you’ll probably feel less stressed and anxious. I can’t think of anything else I’ve done that causes my mind to get into a deep state of thinking like writing does. It’s like the world around me disappears and all that’s there are my thoughts and a place to store them.
By putting your thoughts out into the world, you’re making yourself more vulnerable. When we make ourselves vulnerable, we’re able to grow quicker. You could potentially become a better person through writing. You might change something about the way you think, by confronting some thought that was hanging around in your mind, holding you back.
We have the potential to change the world
Obviously, there are plenty of bloggers out there that might not be giving the best advice. But the more bloggers there are, the better chance we have of sharing the correct financial message with the world. The FIRE community (financial independence retire early) has done a good job of keeping the information needed to become wealthy consistent. Pretty much everyone writing about FIRE is saying the same thing. Stay out of debt, increase your income and invest as much as you can.
The bigger the FIRE blogging community gets, the better chance we have of reaching more people and changing the way they think about money. This documentary is being created because there was a big enough movement in the FIRE community to get people’s attention. There’s no telling how many people it’s going to reach when it comes out and I’m sure it’s going to change a lot of lives.
Maybe, just maybe, with enough people sharing this message, we can change the status quo of spending everything you make and put a dent in the amount of debt the average person carries.
Not everyone is going to relate to your story
If you’re coming to my blog to hear how I paid off a massive amount of debt, you’re not going to get that. The only debt I’ve ever had is my mortgage and my wife’s engagement ring (that I could have paid for in cash).
I’m not going to be able to relate to everyone that comes to my website. I’m a young, white, male and a Christian. While I try to be as relatable as I can, there are definitely people that might read my posts and not be able to connect. With that being said, the fact that there are so many financial bloggers out there means that there’s probably someone with a near identical story to your own that you can relate to. And if you can’t find one, maybe that means you should start sharing your story, so someone can relate to you.
It’s good to read people with viewpoints different than your own too. You’ll get a broader perspective and maybe learn something you were blinded to before.
Have you thought about starting a blog?
If you’ve contemplated starting your own blog, but haven’t committed to it, hopefully this post will convince you to do so. Here are just a few benefits you could reap by starting a blog:
- Connect with more people who think like you do.
- Develop a better thought process and become a deeper thinker.
- Develop better communication skills that will benefit most areas of your life.
- Have something you created that you can be proud of.
- Potentially earn money from it by monetizing your website or getting better career opportunities.
- Learn new things by researching things to write about.
So, what’s holding you back? It’s super cheap to start a blog and you could benefit in big ways by doing it. If you don’t want to write about money, that’s fine. You can literally write about anything and get the same benefits. If you’d like know how to start your own blog, check out this page.
Nathan created Millionaire Dojo to document his journey to reaching a million dollar net worth so that others may be inspired to follow the same path. He and his wife reached a net worth of one hundred thousand by the age of 25 and has been featured on Business Insider. His blog focuses on practical advice that can be implemented immediately in the form of saving money, earning more, and investing to create passive income.