Last month, Financial Samurai challenged his blogger friends to reflect on their sites and write down their value proposition. Your time is valuable I would like to be helpful and entertaining in the 5 minutes you spend here. There are millions of sites around the world and we need to differentiate Retire By 40 to maintain quality and to grow. I would like to go over the reasons why I think you should keep coming back to make sure they are in line with what you expect. I need your feedback on this post and would really appreciate a comment.
The Retire By 40 Value Proposition
The retirement journey. The first and foremost reason for this blog’s existence is to keep track of my journey toward an early exit from a corporate career. There are thousands of personal finance blogs, but only a few are focused on early retirement. Many of my posts are about the incremental steps needed to leave the corporate job and I think many readers enjoy reading about the ongoing effort and progress. I write encouraging posts like Go It Alone and also explore the opposing view with Don’t Quit Your Job to Follow Your Dream. I believe this is helpful to readers who are thinking about a career change or early retirement.
Frugal lifestyle. Let’s face it, we all need to work toward being less dependent on our day job. The corporations only care about you as long as you can contribute to the bottom line. If there is another big downturn, we need to be ready to face more layoffs. The RB40 family is better than the average American family at being frugal and it’s a big part of my early retirement plan. Some people are better at making money and some are better at saving money. As one of the latter, I try to inject some personal experience and personality into our frugal posts. We cook at home, share one car, and are spending much less than we make. All these steps will help with early retirement.
Passive Income. Spending less is only the part of the game plan. We built up our saving and are converting a large part of that into passive income through rental properties, dividend stocks, P2P lending, and more. I have a good job and earn a good wage from the corporation, but passive income will lead to financial independence. Here is a recent post on how to start making passive income to get you going.
Collaborative efforts. I want to learn from you and enable you to share your experiences. I am learning so many new things through comments and private emails which will help me on my journey. In my HARP 2.0 post, there are many comments from home owners going through similar experiences and quite a few very helpful readers. I will probably have to add a forum to the site to further increase collaboration.
Baby. I think many readers enjoy reading about our cute baby and seeing his progress. Is this true? 🙂
Post retirement. My plan is to quit the corporate job and become a stay at home dad for a few years. After that, I plan to work for myself and never go back to a corporation again. Quitting the corporate job is only the first step. Many people quit their job, but eventually go back to work. Staying out of the corporate world will be huge challenge and will be a large part of Retire By 40’s future.
In conclusion, Retire By 40 takes all of the above and wrap it up in an easily digestible package. Any one of these topic by itself can be found scattered all over the internet, but here the readers can follow an average Joe’s progress and be inspired to plan for the future. Retiring by 40 is not easy, but keep cheering for me and I’ll get there. Let me know if I’m on the right track with the blog! What can I do to improve your experience here?
Thank you for stopping by!
Passive income is the key to early retirement. This year, Joe is increasing his investment in real estate with CrowdStreet. He can invest in projects across the U.S. and diversify his real estate portfolio. There are many interesting projects available so sign up and check them out.
Joe also highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help DIY investors analyze their portfolio and plan for retirement.