Introduction to the Money Management Framework

Hello Readers!

This is a blog about money.  More specifically, it’s my attempt at creating a framework for building wealth overtime.  What I think you will find most interesting about this blog is that I am creating it during my financial independence journey.  You get a front row seat to all my wins and losses as they happen.  When I first took an interest in the pursuit of wealth I turned to bloggers, authors, financial gurus, and entrepreneurs for the answers to how to live a rich life.  

I noticed that most of these people told their stories after the fact.  They had already achieved financial independence or they were speaking to me from their ivory tower with their butler serving them tea in bed telling me how to be rich like them.  Now, I believe their advice is sound, but I think you start to loose perspective when you begin giving advice after you made it.  Now it's still my opinion that you should listen to people who have already achieved what have set out to do, but the human mind has the tendency to write its own stories.  

I saw this during my time in the Army.  I was assigned to a travel team that supported operations in the Pacific.  My boss at the time required each of us to write daily reports on our missions.  I hated doing this initially, but I soon began to see why we created these reports.  I was able to avoid so many mistakes by reading my team mates' reports.  I didn't get their stories 20 years later with all the positivity and rose colored glasses.  I got how they felt during tense moments and their thought process during the mission.  I was able to see that you don't have to do everything perfectly to complete the mission.

I noticed when talking about personal finance with people if one thing that is considered a poor decision is brought up, it became a conversation about how this one thing is derailing you financially.  This is how I sounded in the beginning, but as I met more successful people and really listened to their stories I truly began to realize that they didn't get there by doing everything correctly.  It is a journey and you are learning as you go. You will make mistakes along the way.  As long as you finish the mission you will be fine.  The mission in this case is achieving the level of financial freedom you wish to achieve. 

Humans are emotional creatures.  It’s not lack of financial literacy that stops most of us from achieving financial independence, it’s usually our limiting mindsets, beliefs, and emotions.  Observing a war from afar isn’t nearly the same as observing it from the trenches.  

So, one day I thought, what if someone chronicled their journey as they went through it, almost like a journal of sorts.  Well instead of waiting for someone else to to do it I decided to do it myself, and now here we are at this first post.

I want to be as open about my financial journey as possible.  I plan to talk about my net worth, income, and expenses pretty openly.  I’m still not sure if that is wise, but whatever I’ll deal with the consequences of that latter.