Today I’ve got a guest post by a new, fresh voice in the personal finance publishing space. Her Twitter account is amazing (see it at the bottom of this article), but I asked her for a little more of a background story as an introduction to her website.
My name is Fiona and some of you might know me as The Millennial Money Woman (like Lazy Man, I also run a personal finance blog).
I am a passionate money nerd who loves helping others move closer toward financial freedom by writing about personal finance, side hustles, and other passive income strategies that have helped me earn $1,000’s per month.
I haven’t always been a money nerd, though.
My interest in personal finance and pursuing financial freedom started when I saw firsthand how my grandparents lost everything – from their small, family-owned business to their home – just before they were about to retire.
Unfortunately, they lost their nest egg due to poor financial planning.
My grandparents worked every day of their lives to run and operate their small business and sadly they didn’t even have a single cent to represent their decades’ worth of hard work.
While I didn’t know it at the time, this event was a turning point.
That was when the money nerd seed was planted in my heart, soul, and mind.
I realized that proper financial planning could make – or break, if neglected – one’s future.
That’s when I started my path to pursuing knowledge in finance to not only better understand money myself but to also help others find financial freedom.
My studies lead me to complete my Master of Science degree in Personal Financial Planning.
I wish I had learned more about personal finance during my non-graduate degree school years. I knew that if I felt that way, there surely were other millennials with similar thoughts.
That’s when I decided to co-found a small non-profit organization in my community to help young professionals and millennials learn about financial literacy.
Seeing others light up because they better understand personal finance gives me a sense of gratification. It’s the best part of what I do.
When I realized how much people needed – and appreciated – financial literacy, I knew that I had found my life’s purpose and passion. It was time to start something big.
While my tiny non-profit was making a positive impact on my local community, I realized that if I truly wanted to pursue my goal and help tens of thousands of folks who were struggling to wrap their arms around their financial picture, I would have to broaden my reach.
It was time to build a website.
I’ll be 100% honest: I am a classic example of procrastination. And I regret delaying action every day.
The first time I ever had this brilliant idea to start a website dedicated to helping young professionals and millennials excel in their personal finance was back in 2016.
While I did some research and figured out some of the basics of website design (like WordPress for beginners), I never actually started my website.
It wasn’t until the peak of the pandemic in 2020 that I had finally switched gears from thinking about creating a website to actually building a website.
COVID proved to be pretty difficult in particular for many of my close friends who happened to live in New York City, which as you may remember didn’t do too well in the midst of the pandemic.
Many of my friends working in NYC had their hours cut – some up to 80% – and others lost their jobs completely. Yet, they still somehow had to scrape pennies together to pay for expensive food, insurance, and other everyday living costs.
Their debt levels increased – much of which was high-interest credit card debt, and I saw how much they struggled.
It was time for me to flip the script and help as many young professionals through this difficult period as possible.
And that’s when I started my website, The Millennial Money Woman.
My purpose is to help others:
- Save money
- Make money
- Invest money
- Plan for retirement
Much of my work is dedicated to simplifying seemingly complex financial topics into visual charts, graphs, and easy-to-read text.
I also realize that financial success (or failure) largely depends on your money mindset, which is another focus of my website.
I find that how you say things (be it to yourself or others) can truly shape and influence your approach to money.
For example, if you say, “I’ll never become a millionaire,” then chances are, you’re probably never going to become a millionaire. You’ve just created a self-fulfilling prophecy.
While you shouldn’t lie to yourself, one great way to change your financial future could be o switch up how you say something.
Using the previous example, you could say something along the lines of, “I am a pre-millionaire and will reach my goal in X years.”
Saying that you are a pre-millionaire is so much more powerful than saying you’re never going to become a millionaire.
Believe it or not, your money mindset can make a big difference in your financial success – or failure.
Confucius once said: “Choose a job you love, you will never work a day in your life.”
And right he was.
My website is my passion and of course I would be remiss to mention that I love my website as well because it also helps me move one step closer to financial freedom.
I earned the very first cent in my life when I was a young girl (probably 10 years old).
Back then, I had set my mind to earn money by selling handmade crafts in my neighborhood. So, on a sunny summer’s day, I set up shop at the bottom of my driveway and offered my merchandise to any neighbor who was even remotely interested in what I had to offer.
I made my first 10 cents that day. And I was proud.
Since then, I’ve always been hustling in some form or another to earn money and build passive income streams that can supplement my lifestyle.
There’s one thing that I’ve learned: Success takes time.
However, I’ve also learned that to build a sustainable business that provides a regular stream of passive income over time, you just have to keep building and keep working on your ventures.
Just like compound interest works miracles – especially in the long run – building a business is the same.
You have minimal – if any – growth in the beginning and as the months go by, you slowly start seeing progress.
Soon enough, 2 years from now, you’ll look back and be thankful that you never stopped your mission.
And that’s why the most valuable thing I have learned on my journey so far – regardless if you’re talking about money, starting a business, or virtually anything else – is to start now.
Don’t procrastinate for 5 years as I did.
Start now and learn as you go, because experience is the greatest educator.
As the cliché says, “the only constant in life is change.”
However, one thing that I do know is that I’ll continue working on my website to help as many people as I can.