I am a young professional working full-time in a city that is slowly being swallowed by an even bigger city. I am a diehard optimist, a follower of Christ, and I have a zest for life.
I was raised in a lower-middle class, single income family of seven. As you can imagine, there was very little money left to pay for the luxuries of life such as television, sports, let alone something as important as a post-secondary school education. I worked summers and received scholarships to pay my way through university, and eventually made it through graduate school. As a graduate student, my income was low and my savings were non-existent. I decided to track my expenses in a spreadsheet to figure out how my lifestyle was consuming my money. Luckily, expense tracking became a habit that stuck. More importantly, it became the seed for two of my important life goals:
- Becoming financially independent from life’s necessities
- Owning a profitable business to pay for life’s luxuries
Necessities include food, shelter, good health, and belonging. Everything else is a luxury. I’d like for the necessities to be covered by a passive income stream and my luxuries by an active income stream. You can read about the difference between passive and active incomes here.
You may find this strange, but I have no intention of retiring. I believe each and every one of us has God-given rights, abilities, and passions to produce good in this world. I’m sure that each and every one of us would be happy to exercise our passions for as long as we live. Warren Buffet and Charlie Munger, both octagenarian billionaires, have been passionately steering their company for over 40 years! They are both prime examples of people who absolutely love doing what they do.
Study of Wealth is a collection of ideas and musings covering various topics that tie to wealth: lifestyle, purpose, and investments. My hope is for you, the reader, to become wealthier, healthier, and happier, all the while achieving the goals you’ve set out for your own life. I hope this blog helps you on your journey!
I am self-taught in topics related to investing and financial management. The articles posted on my website are for informational and entertainment purposes only and should not be taken as investment advice. Please do your own due diligence when investing your money.