The 365 Day Financial Intelligence Challenge
Improve the financial literacy of ALL young adults
Provide basic, intermediate, and advanced financial education to young adults
The 365 Day Challenge
Post financial literacy content once a day for 365 consecutive days. Start date: October 1, 2017
UPDATE: October 9, 2017
The 52 Week Challenge
When I first committed to this challenge, I was overly ambitous. It turns out that attending school full-time, and working part-time doesn't leave a lot of room to do research and write a full post every day.
With this said, I have adjusted to challenge to a 52 financial intelligence challenge. This will allow me a whole week to put together a valuable post.
Behind most big life commitments is a motivating force, a big why. To provide context and help you gain a deeper understanding of my big why in regards to this challenge, I must tell you a bit about myself.
I was born and raised in a small town in Southern Utah. I’m the oldest of five kids, and grew up very poor. I know it’s not that different from a lot of people. What is different however, is how much effort, dedication, and determination I used to get myself out of such a debilitating upbringing.
At age 18 I moved away from home and started working at a salt factory near Salt Lake City, Utah. It was hard work, but I had money! It was the first time I was able to buy what ever my heart desired and not feel guilty or worry about the cost.
At age 35 I find myself looking back and wondering how different my life would have been if I would have had some level of financial literacy, intelligence, or even interest in how money really works. Why? Because In the summer of 2017 my grandfather died, and less than two weeks later my father died. The passing of my grandfather was sad, but somewhat welcome because he had become very sick and was missing my grandmother, who passed a few years earlier. Both were pillars in my family.
The passing of my father, on the other hand, was a shock! He was only 55 years old. Without going into too much detail, he passed on not having any savings, retirement, or life insurance. This has left my mother in a tough financial situation, and I find myself needing to become the pillar of my family. But when I look at my own financial situation, it’s not any better than my deceased fathers.
I didn’t learn any financial wisdom from either of my parents. I learned how to spend money I don’t have and how to work hard, but that’s about it. So, I’ve decided to change that by improving my own financial intelligence. This is a must, for myself, my family, and my future clients.
At the time of committing to this challenge, I’m a newly license life/health insurance agent. One of the major focuses of my agency is helping families, individuals, and business build their wealth by utilizing financial strategies that allow them to be more tax-efficient.
Being that I’m new to the financial game of retirement and investment, I feel obligated to improve my own financial literacy and strive to master my craft so that I may provide a better service to my current and future clients. I also feel a deep need to heal the emotional wounds of my family’s financial struggles. I want to become the financial pillar my family can lean on and turn to for help, and welcome you to join me on this journey of financial intelligence, literacy, and freedom.
Question Time - Comment Below
How have you stuggled with money in the past, or at the moment?