Who am I?
Hello! You can call me “W”. I’m a 20-something college graduate trying to make her way in the world.
You can follow me on twitter: twitter.com/wellheeledblog
The name of this blog has two meanings: 1. the shoes come in because I love shoes, and 2. the phrase means “having plenty of money.” Which, at this point, I most certainly do not (well – I do, compared to the world at large, but definitely not compared to what I need by the time I retire).
What’s the mission?
Live the good life. Too broad. Okay, let’s try again: I want to save as much as I can (prepare for the future) while enjoying life (carpe diem!), because, well, the days may be long, but life is short.
My mottos? “Personal finance shouldn’t make me miserable” and “experience, not stuff.” Given the state of the market right now, I’ve added one more: “shares, not dollars.” My loftier goal is to “achieve financial independence”.
I currently make around ~$55K-$75K a year (includes salary, bonus, investment income, gift money, blog revenue, etc). I aim to save between 40%-50%+ of my net pay per month. I don’t carry a balance on my credit card. I enjoy dining out, shopping, and traveling (and other little luxuries) – all of which takes $$$. Even though my finances are OK, sometimes I wonder how am I going to save enough to fund my retirement. I love my “tween” car (age 12!). Even when it gives me trouble.
As I try to build a solid financial foundation, I’m also “navigating the quarterlife,” which is a fancy way of saying I’m trying to figure out all the things (career, love, identity, purpose, etc.) that 20-somethings try to figure out. In short, I have my work cut out for me.
What’s my motivation?
To not be old and poor. Seriously.
I love to read nonfiction, especially on history, demographics and social trends, and, you guessed it, personal finance. All that reading tells me that as a Gen Y-er, and especially as a woman, who is growing up in an era of increasingly individualized risks (i.e. 401K instead of pensions), globalized competition, and longer lifespans, I better save enough and invest appropriately.
In the next several years, I have a lot of things that I’d like to do – go to grad school, purchase a home, fund my big-ticket travel dreams – all of which will require lots of cash. Baring a lottery windfall, the only way to acquire said cash is to earn, then save the money (hence the pf blog).
What’s my background?
I graduated college, where I had the luxury of delving into literary analysis and politics and the Argentine credit crisis, with ~$20,000 in student loan (paying ~$2,000 a year). My parents sacrificed to give me a great education and taught me the importance of saving (and Mom gives me enough food for 2 weeks every time I go home). I appreciate the “finer things” in life, but really what I want are the “best things” in life (friends, family, love, AND financial security! – cheesy but true).
If I had a lawyer, he/she would tell me to put this: This blog is for entertainment purposes only. I am NOT a financial adviser. I am not a licensed finance professional in any state of the union. Specifics about people, dates, locations, etc. have been changed. None of the content here is endorsed by my employer. Nothing written here shall be construed as advice for your situation or as endorsement for specific financial products. All comments are property of their authors and do not represent my opinions.
At the end of the day? I’m just a random person on the internet.