If you’re reading this, you’ve stumbled onto one of the fastest growing personal finance blogs on the internet. Welcome!
I apologize, I should introduce myself. I’m the Money Wizard, and I started this site at the age of 25, shortly after I came to the shocking realization that I had managed to save $100,000.
A little over a year later, I reached $150,000 as a 26 year old. You can check out the most up to date number on my net worth page, where I publish updates every single month detailing all the nitty gritty details of my saving and investing.
No inheritances, no windfalls. Just lots of saving, basic investment, and a desk job in the finance industry (which is far less glamorous than it sounds) that places my salary barely above the median household income here in the U.S. of A.
And now my wizardly ways will be shared with you. We will be demystifying the magic behind personal finance. We will be using everything I know from a degree in finance and economics, my current job in the finance sector, and the real life experiences that allowed me to reach a net worth of
$100,000 $150,000 $160,000+ faster than you can say, “You’re lying, liar.”
I am not lying, and I promise to show that accumulating wealth is no magic secret.
I am certainly not an investing genius. Nor are there any “get rich quick” schemes on this site. My goal here is to remove the mystique surrounding money… To turn off the fog machine, pull back the curtain, and flip on the lights in the room.
There is an entire industry which thrives on making finances seem complex and complicated. My goal is to share a common sense approach to personal finance. By making money a little less magical, I truly believe anyone can implement my not-so-revolutionary ideas to improve their finances.
Since I’ve started sharing my strategies through this site, I’ve been:
- Interviewed by Forbes.
- Featured on the front page of Business Insider next to Donald Trump.
- Written for over 2 million readers of Grow Magazine.
- Featured next to million dollar Shark Tank entrepreneurs in four different CNBC stories.
- Published on the front page of Yahoo.com.
Pretty crazy, and slightly terrifying, for a 20-something just trying to help people with money!
How much do you make?
I’ve worked as a banker and financial analyst, earning between $50,000-$80,000.
Where do you live?
I now live in waaay up north in the Twin Cities of Minnesota, but I grew up in Texas and lived in Denver for my first two years out of college.
What’s your goal?
I save over 60% of my take home pay and am shooting for at least a $750,000 portfolio.
My goal is early retirement by age 37. Plan B is to keep working until I’m 40 (the horror!) and plan C is to retire a decade sooner than the “normal” retirement age, at around 50.
So far I’m ahead of schedule on my age 37 goal.
- Related Reading: How I Am on Pace to Retire by 37
Do you live like a hobo?
Most people assume I must live like a hobo, but I actually rent a pretty nice downtown apartment that is probably way too big for me and the girlfriend.
- Related Reading: You Don’t Have to be Homeless to Retire Early
I think home ownership is mostly overrated, and the decision to rent has saved me a ton of money. But I might buy a house one day.
What’s your investment strategy?
I agree with Warren Buffett, who believes index funds are the best investment strategy for pretty much everyone. Check out my recommendations page for other, well… recommendations.
- Related Reading: Should You Trade Individual Stocks?
My investment strategy is best summed up as:
- Max out my work’s traditional 401K
- Max out my Roth IRA
- Invest any leftover into Vanguard’s Total Stock Market Index Fund.
- Related Reading: The Easy 401K Strategy to Kill Your Tax Bill and Retire a Multi-Millionaire
- Related Reading: How to Choose a Vanguard Index Fund
You know you won’t be able to touch those retirement accounts until you’re old and gray, right?
I plan on accessing my 401K and IRA before age 59.5 through a Roth IRA conversion ladder. I’ll live off the taxable brokerage accounts while I wait the IRS required 5 years.
Do you have a life?
I am an avid skier in the winter and leisurely bicycler in the summer. I enjoy good beer, a tasty meal, and traveling the country. You can see amateur iPhone photography of those adventures in the monthly Net Worth Updates.
- Related Reading: 9 Proven Strategies for a Cheap Ski Vacation
Here are some of this site’s most popular posts, that I haven’t yet linked on this page:
- What I Learned Living in a Million Dollar Home for 3 Weeks
- Who is The One Percent? (Prepare to be Surprised)
- Living in a House(boat!)
- What Professional Poker Taught Me About Investing
- Learning About Money from Mr. and Mrs. Miser
- How to Stop Wasting Money on Things that Aren’t Important
But really, you should just check out all the posts in the archives page. They’re listed in reverse chronological order for your binge reading enjoyment.
And of course, you can always sign up for the once-or-twice weekly newsletter and get all new posts delivered right to your inbox.