The purpose of this blog
Posted by Frugal on June 23rd, 2008
With the blog reaching more people now, it’s a good time to reflect on the past.
When I first started this blog, I never thought that there may be quite some ambivalence triggered among readers and other personal finance bloggers alike. After all, you can’t buy much with one million dollar these days, especially in the high-priced housing area in California. Besides I have always felt personally that the amount of money is just a number on the paper. Any other number such as 500K or 200K is just as good as 1 million. I have never attached any importance to such numbers. Choosing the title as “My 1st Million At 33″ was simply a marketing whiz, but definitely not a boastful gesture which has never entered my mind.
The other subtlety that few people have noticed in the title is that it stated “My 1st Million At 33″ instead of “My 1st Million By 33″. I used “at” because I know so well that money comes and goes, and I don’t want to misrepresent myself as saying something untruthful. Certainly, I could have lost enough to let my net worth go below 1 million. Furthermore, the word “at” reflects my attitude on life. Life to me is about a journey of how we live daily, rather than a series of goals that one has to reach for. Every day in life, we shall strive our best. Do not waste your time to dwell in the past glory nor sorrow. Do not waste your time on futile worries or day dream about future extravagance or success. TAKE ACTION TODAY to improve your current and future life.
Changing the title to “My 1st Million At 33 – yes, you can do it too”, fully reflects my original and continual purpose of blogging on this site. Yes, I have always believed in the best of everyone. I have always believed in everyone’s potential to go far and beyond, and I have never doubted that any of the visitors coming to this site can achieve further financial success (if not already) than I can. Yes, you can do it too. In fact, you can do better.
Having said that, a financial success is not easy by all means. Achieving any kinds of success requires lots of hard work, perseverance, and some luck. I only hope to inspire the younger generation, or older alike. Yes, it is possible. And yes, given enough time, you can do it too. Even if you doubt it, I won’t doubt you.
Have a long term plan. Start daily inching forward. And whether you can reach 100K or 1000K, or several millions, it doesn’t matter that much. What matters is that you’ve gained more financial independence for yourself throughout years of efforts, instead of staying at the same old comfort zone and do nothing about your own personal finance.
(From Nike, ) Just do it.
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June 23rd, 2008 at 12:06 pm
Interesting.
The reasons I read this blog regularly, as compared to others I have subscribed to, but just mark as read.
-You cover non-conventional\mainstream avenues of investments, for example oil\commodities, hedged kind mutual funds.
-The articles you find and point out are high quality
-Your own investment approach and actions
There are many resources on getting rich and on the classical US investment approach (Large caps, etc)
I am looking forward to when you will publish most, but not all of your portfolio, like Warren Buffet does in his reports.
Amit
June 23rd, 2008 at 2:05 pm
well said Frugal!
June 24th, 2008 at 12:20 am
Sound like you have been getting some hate mail. Forget about it.
I actually miss your honest opinions with detailed information. I do understand that your getting really busy and your life and family comes way before blogging, but you site helped inspire me to get off my @$s and be proactive in my finances. Please keep it up.
June 25th, 2008 at 12:58 pm
The interface seems a bit better as well. The pages used to display poorly, unless the upgrade to Firefox3 is responsible. Either way, all welcome changes.