Buying Freedom: My Journey to Generational Wealth

I have an ambitious goal to accumulate enough wealth to allow my family to have the freedom to spend our time doing what we want, rather than working for a paycheck.

For years I have struggled to create a consistent writing habit. Like many, I set new years’ resolutions to start a writing habit, but haven’t been able to stick to anything other than a “one line-a-day” journal. I have contemplated starting a blog to hold myself accountable to the writing habit, but never could land on the right topic, until recently.

Transition to the Growth Phase

I’ve always enjoyed learning as much as I could about personal finance and investing. My wife and I have spent years building a solid personal finance foundation and making sure we have sound personal finance fundamentals and are now focused on the “growth” phase in our personal financial journey. This required some deep learning on my part.

Until recently, I’d remained a passive investor — investing in index funds through my employer sponsor retirement plan and just really focusing on allocation between stocks and bonds and making sure the mutual funds I was purchasing had low fee structures. As my wife and I began investing in our “freedom fund”, I really started diving deep into investing topics and macro-economics and found great podcasts (and Twitter follows) from people like Raoul Pal, Keith McCullough, Eric Townsend, George Gammon, Preston Pysh, and Nathaniel Whittemore. What I did not realize was that I was diving deep into this topic at the most unusual period for markets in recent memory. The craziness of the markets and all that I have learned so far have solidified my passion for learning as much as I can about investing.

Inspiration

In early October, I found myself listening to George Gammon’s Rebel Capitalist podcast on my way to work. His guest for this podcast was Eric Siu, and the topic was one that was somewhat out of the ordinary for the Rebel Capitalist show, but I listening to it feeling as if they were having a conversation with only me. Here is the episode:

In the podcast they discussed starting a blog or creating other content for a topic that you are passionate about. With the amount of time I devote to learning about personal finance and investing on top of managing my families finances with the systems we have developed over the past several years, it seemed like I finally had my topic to write about and potentially create other content around in the future. The Life CFO was born, and more importantly, I was inspired to not only to write about what I’ve learned, but also to document a journey.

My Goal

I have an ambitious goal to accumulate enough wealth to allow my family to have the freedom to spend our time doing what we want, rather than working for a paycheck. I started this blog to document this “Journey to Generational Wealth” so that I can look back and reflect on the progress I make, to hold myself accountable to my goals, and to share what I am learning along the way.

I will post weekly on my progress and thoughts about my strategies to grow my wealth. I hope you will follow along.

Originally published at https://thelifecfo.com on October 29, 2020.