If you’re here from the FireDrill Podcast, welcome!
A little about me, I’m a 25F blogger from NYC who is looking to reach financial independence soon.
I was never taught personal finance or financial independence in either college or high school, and I’m looking to change that for everyone else. There might not be an in person course, but I think there should be a free internet one.
A couple of friends found out about the site and began asking me some personal finance questions. There was so much I wanted to say on the topic, but we’d be sitting there for a few hours. After thinking about it, I told them that I would find a free course for them and supplement things I thought were necessary.
To my surprise, I couldn’t find a free personal finance course that I really liked. It was a bit shocking, so I worked hard to create my own. It’s currently 20,000 words and a massive spreadsheet. Don’t worry, each day we only go over a small tab in the spreadsheet and zero in on one specific micro-topic. It’s personal finance, sprinkled with financial independence knowledge.
Sign up here though the cool landing page, or just simply fill out the form below :).
This is the roadmap:
- Day 1: Tracking Your Money + Calculating Your Savings Rate
- Day 2: Sprucing Up Your Bank Accounts
- Day 3: Expenses – Coffee and Snacks
- Day 4: Expenses – Meals
- Day 5: The Importance of Your Savings Rate and Compound Interest
- Day 6: Expenses – Clothing and Accessories
- Day 7: Expenses – Utilities: Cable, Wifi, Cell, Water, and Heat
- Day 8: Expenses – Housing, Rent vs Buy
- Day 9: Expenses – Transportation
- Day 10: Debt – Student Loans: IBR, PAYE, PSLF, and Refinancing
- Day 11: Debt Payoff Order – CCs, Loans, Mtg, etc.
- Day 12: Investing: Retirement Accounts – 401k and IRA
- Day 13: Investing – Brokerage Accounts vs. Robo-Advisors
- Day 14: Investing – HSA, FSA, and Medical Insurance
- Day 15: Investing – Education tax-advantaged accounts: 529, and Coverdell
- Day 16: Side Hustles at Home
- Day 17: Other easy side hustles
- Day 18: Putting it all together – Where’s your retirement date now?
This is the first iteration, so please, send me all your feedback and critiques. If there’s a subject I haven’t included, if the order feels off, or even if you think the color or font is weird, I take those suggestions too :). I wanted to get the content to you guys so everyone can learn what I think are the basics of personal finance.
Feel free to send it to your friends and family, especially the young adults in your family. I wish someone would’ve sent something like this to me back in high school or even college.
Olivia worked in finance and wants you to learn the secrets of financial independence. She believes there are so many ways to monetize your life and make money doing the things you're already doing because so many companies offer free money.
The average savings account rate is 0.1%. The big banks have incredibly low savings accounts rates. CIT Bank offers a 1.75% savings account. You can open an account with just $100 and no monthly fees or charge . Tired of being charged fees and getting peanuts in interest at your current bank? Open a CIT Bank savings account in less than 15 minutes online.
If you have a car, Rideshare apps allow you to pick a direction you want to go twice a day, so you can get extra money going somewhere you were driving to anyway at least twice a day. Get a $300 sign-up bonus with Lyft.
One of my favorite ways ways of monetizing my life is via credit card bonuses with cards that give you cashback or rewards. Check out our review of the Chase Sapphire cards, which give you at least $500 in cash or $625 in travel credit.