Two firsts for this site: a recommendation for another blog and a recommendation for a charity. While some might wonder why I would recommend another blog, the fact is that I do not see other blogs as competition. In fact, I believe in many ways we are all working toward the same objectives; to increase our own financial awareness and share the knowledge we have with others in the hope they can improve their own well-being.
Regarding the recommendation of a charity, being financially savvy and building wealth is not about being miserly; it is about securing a comfortable future and sharing when possible. I first came across my recommended charity in 2007 when I read the story of Yousuf, four years-old at the time, who was doused with gasoline and set on fire. I have given periodically since then.
Blog: All My Dollars and Cents. A site started by Leona with two overarching principals. First, to force herself to achieve a higher level of accountability for managing her own finances. Leona observed that many people that run personal finance blogs have attained more assets and a level of financial savviness within a shorter time period than their peers. While Leona holds an MBA in finances, she notes, “finances is a topic that you learn continuously” and “I think having a blog brings awareness to your finances, but you also learn much more which you can then apply to your own finances.”
Second, she wanted to offer her readers tips on how to achieve financial independence, presented through the lens of someone doing the same. Having the means to retire by the age of 50 is a goal she has set for herself. Do not be fooled by the spartan layout of her site, it is packed with information that savvy retirement planners will find useful.
Look for new material from Leona on Mondays, Wednesdays, and Fridays.
Charity: Children’s Burn Foundation. A nonprofit organization dedicated to providing support services for child burn survivors, ages 0-18 and their families, as well as burn prevention and fire safety education to thousands of children and caregivers in Southern California, nationally, and internationally. Their goal is to prevent the pain and trauma of burn injuries to children, and to heal and give children who have suffered severe burns the opportunity to reach their full potential, physically, psychologically and socially.