Dear Cousin Penny,
We’ve been at this blog for around 6 months, so I thought it’d be a good time to go over some highlights. This article will contain numerous links to some of our best posts. Of course, a complete list can be found via the Posts tab.
For any new readers, I’ll quickly reiterate our premise. We’re cousins from a small Midwestern town. One summer, around age 10 or so, I think we played together every day for 80 straight days. Good times.
Our adult lives diverged but we kept in touch, often writing long emails to each other about life and happiness and money — which is essentially the genesis of this blog.
You got married young, you have 4 kids, and your husband went from teacher to chiropractor. Along the way you gathered a boat load of debt, but you have no regrets. Low income doesn’t seem to bug you.
As for me, I went from the farm to theology school to French language study in Paris. Much to my own surprise, I landed a high income career, married a woman with similar career goals, and had twin boys. High income agrees with me. Why wouldn’t it?
Our full origin stories can be found here:
- Penny’s Financial Origin Story: Debt Does Not Equal Regret
- Rich’s Financial Origin Story: From Farm Boy To Theology Student To High Income Professional
What’s a personal finance blog without goals? My goal is to reach a $1 Million net worth sometime during my 45th year of life. And after that I want to build a generational family legacy (um, in 3 easy steps!).
I admit, since starting this blog, the goal has become less important than the journey, the process … life. As I’ve thought about my philosophy of life, it’s become clear that it’s really not about the money. It’s about relationships, growth, and freedom — these are the keys to happiness, incidentally.
I have also become keenly aware of how lucky I am. I don’t want to be a selfish materialistic hedonist; I want to be a generous squirrel. I never thought I’d write a parable about squirrels, but this is modern blogging. Animals can talk.
So, I hope I can meet my goal the right way. Since we started the blog, I’ve been able to keep pace.
So far so good!
But, again, I’m much more concerned about happiness than money.
Now to your goals, Penny. You have enough student loan debt ($173,000 at the start of the blog) to make Dave Ramsey drop a dadgum mess in his britches. You’d love to pay it off, and you’re making good progress. I’m not sure how much you have left right now, but I think you’ve already lopped off $20k of debt in a few short months.
I’m continually amazed at how frugal you are when I read your monthly money checks.
But, like me, you know money is not the key to happiness. You spend very little because you just don’t value things that need to be bought. Even with low income, you feel the need to give more than the need to get out of debt faster. In addition to giving, you’ve learned the art of receiving.
THE IMPORTANCE OF HAVING CONVERSATIONS ACROSS THE DIVIDE OF INCOME INEQUALITY
Penny, sometimes I think we agree on a whole bunch of topics and sometimes I think we couldn’t be more different. But what I really appreciate is that no matter the topic, we can have an honest conversation, even if there are points of disagreement.