I’m writing this for people, especially those who may know me in real life, who wonder why I share our personal finances publicly, or think to themselves something along the lines of, “that’s such an invasion of privacy, I would never do that.”
Here are my reasons why:
First of all, and the most important reason why I do, is to help other people. People can see exactly what we are invested in and can watch our finances slowly grow and change month by month, it’s great. It’ll be super helpful to look back 10 years from now and see how far we’ve come, exactly HOW we did it, and the ups and downs along the way. This keeps things super transparent, relatable, and realistic too.
I have seen thousands of people’s personal financial information and helped them. If people feel comfortable enough to share their information with me, I feel comfortable enough to share mine with them. To me, it’s about mutual respect and transparency. I want to show I practice what I preach and that we are doing well financially for our ages, so people know my methods and tactics actually work.
Second, you do not need to share what you are not comfortable with sharing. If you don’t want to share you finances, don’t! Also, I can choose to stop at any time. Of course what is out there is out there, but I can stop sharing those numbers whenever I want to. -Don’t worry, I don’t want to yet.
Third, there is a large community of people online that share their personal finances as well. Most of them in the F.I.R.E. community. I have always appreciated other people that do this and found their posts helpful, so I wanted to add to the community as well. Everyone has a completely different scenario that is playing out for them. Some people make 120k/year, some make 30k/year, some want kids, some don’t want kids, some want a home, some want to travel the world, I could go on and on. So some people out there may relate to my husband and I more than others in the F.I.R.E. community.
Finally, I want to have a record for myself and me sharing it publicly has allowed me to connect with others simultaneously. I’ve really enjoyed looking back every once in a while to see how far we’ve come. It also helps keep us motivated, because we can see the progress very clearly.
Well I hope that clears any questions or concerns about this topic. No one asked for this, but I like to make sure all my bases are covered now that I’m sharing my blog with people I know in real life.
Speaking of sharing finances publicly, here is our January Financial Update that came out on Monday. 😉
As always, thanks for reading!
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