This is the 79th edition of our guest post series called 10 Questions. It also will be one of the last. Everything must come to an end and 10 Questions will say ‘”Good bye!” soon (one more to go!).
Today’s answers from Matt Miner over at Design Independence. 10 Questions is almost over, so I’m going to shut my mouth and turn it right over to the guest. Take it away Matt!
Tell me about your blog and why it’s great.
I know from personal experience that many high earners (doctors, lawyers, and fancy-pants MBAs) have always focused on growing their incomes, and not their net worth. Also, many of the mainstream financial pundits are focused on serving the broad middle, and that advice often doesn’t resonate with this crowd, even when they could benefit from it. High income earners feel like advice directed to folks earning middle incomes is not for people like them.
These big earners have two huge risks to their finances. First, they may earn an absolute fortune throughout their lives while saving and investing very little of it. Second and more subtly, they tie themselves to very competitive, stressful work for way too long, and they don’t create a path to exit, when, from the FI community’s perspective, they easily could. For any of these high-income paths, you lock in at a very young age without knowing how you’ll feel about your vocation in your thirties, forties, or fifties.
On the other hand, if high-earners can catch the vision, they can break free and do a ton of good in the world with their wealth.
Design Independence is totally focused on addressing these challenges. My early posts begin at the beginning, trying to help people as they’re considering school, while they’re in school, and immediately after school. I write a bunch about business school because that’s my particular experience, but the topics are highly generalize-able. I write about other personal finance, business, and life topics too.
What post are you most proud of and why? Continue reading