Everything You Need to Know About Leaving the Middle Class

Since January of this year I’ve been sitting down at my computer a couple times a week and jamming my thoughts into my WordPress dashboard. For reasons I won’t claim to understand, more and more people find their way onto the blog every month to read what I have published.

Recently, the site has seen a huge uptick in traffic from Lifehacker and the AARP blog (due to a nice article by personal finance legend Jean Chatzky). These articles led to an overnight doubling of subscriptions, and brought many of you here.

Since there are a bunch of new readers trying to figure out what’s going on here, I think it’s a good idea to welcome everyone and reintroduce myself and the purpose of this site.

Should you be reading this site?

There are over 500 personal finance blogs on the Internet. I know this, because there were at least 500 blogs represented this year at FinCon (the conference for finance bloggers). Is Johnny Moneyseed the right blog for you? Are you better suited for one of the other 499+ blogs that aren’t this one?

I’m not going to claim to appeal to everyone. My goal is to encourage, and help individuals or families fund an early self-retirement through saving, investing and creating passive income streams. If you’re looking for a coupon site, or for a place to find “10 ways to save money at the grocery store” this is not that place.

However, if you’re looking for a way to figure out exactly how many years you’ll have to rot inside a cubicle, while learning how to reduce your overall working career, then this IS the place to be.

If you’re interested in leaving the Middle Class behind, with all of their Starbucks-fueled weekend shopping binges, and are interested in becoming a self-declared member of the First Class, this IS the blog for you.

“But what if I have debt?”

When I was younger I was pretty terrible with my finances. I was living paycheck-to-paycheck, and carried an enormous debt-load. After reading pretty much every finance book on Earth, my wife and I created a Debt-Attack Plan that helped us eliminate $60k of debt in 18 months.

We haven’t had any consumer debt in years, which is why I hardly ever write about it.

This site is dedicated to the pursuit of Financial Independence. With that, I will assume that most readers are either debt-free, or are preparing themselves for when they become debt-free.

What is this blog all about?

The primary goal of this site is to teach you to think differently about your finances. Forget EVERYTHING you’ve ever been told about money, unless one of these bloggers happened to say it.

You may think that eating gourmet food is expensive. You may feel like it’s necessary to be in constant competition with your neighbors. You may think that it’s important to get larger, more extravagent houses, as you make more and more money.  You may even think that you have the ability to save money when you’re buying stuff. This is all silly Middle Class thinking.

Over the past year I’ve made a lot of changes to my financial lifestyle. I saved myself almost $600/year by cancelling cable TV. I started selling stuff around our house that we had no use for. I reduced the cost of my daily commute by moving within a few miles of work. I decided that my children would be paying for their own college. And I started experimenting with new investment options. I even switched to a $10/month no contract cell phone plan.

You can start making changes in your own life by treating everyday like a recession is right around the corner. You can realign your values, and understand that there are alternatives to  40-hour workweeks. Eventually you’ll be able to save over half of your take home pay — especially if you can entertain the crazy idea of trying to earn more money.

Keep in mind that there are literally thousands of people who are interested in Early Retirement. This is one of the places that they come together, and provide an amazing, empowering support system to help people do things that most people wouldn’t believe is possible.

I can honestly say that even though my wife and I save around 70% of our post-tax income, we don’t ever feel like we’re suffering, or living a lower quality of life than anyone else. If anything, we are living a higher quality lifestyle by avoiding unnecessary expenses. We’ll be able to leave standard employment in less than 7 years. We’ll be in our mid-30s and living so efficiently there will never be a need to work ever again.

Welcome to the site. If you still think we can be friends then make yourself a nice cup of coffee, get comfortable, and enjoy!

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