Posted on July 6 2010 by Amanda Hill

Financial Independence

Its a bit wistful to pack up the red, white and blue decorations and leftover sparklers. I always enjoy spending time with family and friends to celebrate Independence Day. But for me it really isnt just about beer and BBQ. Ive traveled to enough countries to have seen firsthand what independenceand lack of itreally means. So whenever the 4th rolls around, I do reflect on the great fortune we have here in the United States.

This 4th of July, which is my first overseeing this blog, I also got to thinking about personal independence and specifically personal financial independence. I read a wide range of other personal finance blogs, and follow a number of them that focus on financial independence. While The Insurance Word focuses mainly on insurance, we realize how important it is to have all areas of your finances in order. So, I recommend that you check out these blogs/websites that will get you thinking about how you can organize your finances and move closer to financial independence. Each of these bloggers/sites comes from a different perspective; see if one speaks to you:

WiseBread: This is a comprehensive site that covers a range topicsfrom personal finance to life hacks. A recent post covers some free, mostly online personal finance tools (giving good suggestions on Wesabe alternatives, which will shut down on July 31).

Wealth Pilgrim: The financial advisor who writes this blog, pulled himself up by his financial bootstraps as an orphaned teen. He offers very straightforward explanations of complex topics like the overlooked tax consequences of converting a traditional IRA to a Roth IRA or why an irrevocable life insurance trust is something to look into if you will have a high taxable estate.

Cash Money Life: It brings up useful topics that I dont see covered elsewhere. For example, I found the recent post on the new overdraft rules interesting, as it made me reevaluate what I wanted to do with my own checking account. (A caveat: its a bit ad heavy, which I find distracting.)

LearnVest: Ive talked about this site before in a post, and continue to be a big fan. If you are a woman in your 20s who is serious about financial independence, this is a must. And, they are on the same page as we are when it comes to financial independence.

If you have a suggestion for personal finance blogs we should be reading, please send a link or post a comment, and Happy Financial Independence Day.

Similar Posts:

Share

Leave a Reply