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What This Blog Is And What It Isn’t

16 September 2009 No Comment

This post is a type of mission statement for this blog, so that my current readers and future readers know exactly what they’re getting into when they visit 20smoney.com.

With regards to the following topics, please note the following:

Personal Finance

It’s amazing how many personal finance blogs and websites are on the internet that all re-hash the same Suzie Orman / Dave Ramsey advice.  I’ll save you some time by summarizing their views right now.  Spend less than you make, pay off your debt, have an emergency fund, save money for the long haul and diversify your investments.  Now that we have that out of the way, let’s talk about what 20smoney.com will discuss.

The aspects of personal finance that I’m interested in are the following:

  • What tools will help me manage my personal balance sheet?
  • What kind of debt and how much of it will help me accomplish my financial goals?
  • How can I be responsible with my spending while still doing what I enjoy?
  • What should I do with my cash?


With regards to investing, I pretty much have the same view of most investing advice as I do with most personal finance advice: it’s pretty much always the same thing: diversify, diversify, diversify.  Ugh.

I’ll be honest, I’m not really that interested in diversification.  I’m interested in beating the market averages, and that might mean at any particular time I’m 100% in cash, I’m 100% in a single stock, I’m short some stocks or I have a little invested in many stocks (woohoo! diversification!).

I read some very sophisticated reports, many that are very different than the mainstream financial advice.  Many of these views are reflected in my blog posts on investing.   I hope that this blog offers you, the reader, a unique perspective, one that you might not find on most financial blogs, regarding investing.  I hope that this unique point of view of the markets helps you achieve large returns.

Also, by viewing my portfolio, you can see the actual positions I am holding and trades I am making through the Covestor service.  I’m not always right, but I am sometimes.  Either way, you can see what I’m doing.  My point of running this blog is to communicate my ideas and share my financial journey.  I hope my mistakes as well as my successes help you with regards to your journey.

When it comes to your 401(k), I hope my blog will offer you advice on how to supplement your 401(k).  I understand that you don’t have a great deal of control over your 401(k); therefore, I believe that are some investments you should make to add to what your 401(k) accomplishes in your total financial picture.


Another big aspect of this blog is the journey to build a portfolio of income streams.  Making money online is one of the big income streams that I am pursuing.  Additionally, I’m constantly looking to invest in a cash flowing property.  I will detail this journey and offer my advice that I learn along the way.

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