When I began my search for financial independence, I didn’t really know what I was looking for. It’s thanks to the following that I now have a sense of direction. The following sites and books provide indispensable information and a source of motivation to keep you on the right path.
GoCurryCracker – This was the first site I stumbled upon, but it is still one of my go-to’s. I often re-read some of the more popular articles (check out 10 Years and A Day and Turbocharge Your Savings) because of the amount of information Jeremy and Winnie provide. They succeeded in saving $1 million by their low thirties and now travel in countries with low cost-of-living.
MrMoneyMustache – Mr. Money Mustache’s story is similar to how mine is beginning. He has and engineering degree and worked in the tech industry. He retired when he was thirty and started his blog a few years later. Be warned though – he takes his anti-consumerism to the extreme. Which I view as a good things sometimes. If we could all have his enthusiasm and dedication none of us would be working.
AffordAnything – In searching for forms of passive income, I stumbled across Paula’s blog. She gathers quite a sizable income through her rental properties and does a great job providing information about the business. I like the fact that she also reveals her monthly income as well as has several posts about how she chose each property. It’s definitely worth a blog binge if you have an interest in rental properties.
I don’t read as much as I should, but the following two books have made an impact on how I think about my finances.
Dave Ramsey’s Total Money Makeover is a great way to start your path to becoming debt free. He is a also a bit extreme in his avoidance of debt – I don’t think the managed usage of credit cards is a bad thing. Dave isn’t the only to promote the debt snowball – but he does a good job at explaining it and helping put it to use.
Your Money or Your Life puts your earnings in a different light. It was an interesting read for me in that much of the book’s math behind money (it is explained as your life energy) is how I thought of money since I started working in high school. Instead of thinking “That meal costs $14.” I would consider if that meal was worth two hours of my time (I was making about $7 at the time). The book breaks it down further and includes the time you travel to work and your “wind-down” time (the time it takes you to relax after work) in your hourly income calculations. If you follow this math, you’re actually earning much less per hour than you think.