My name is J.D. Roth. Once upon a time, I wrote a blog called Get Rich Slowly. At GRS, I chronicled my journey out of debt and into a brave new world of smart money management. Along the way, I shared what I learned, both the good and the bad. As you might guess from the blog’s name, I espoused the slow, sure path to wealth.
Eventually, I sold Get Rich Slowly and moved on to other things. I wrote a book. For four years, I contributed the “Your Money” column to Entrepreneur magazine. Mostly, though, I stopped writing about personal finance and started fixing what was broken in the rest of my life.
In 2013, my friend Chris Guillebeau asked if I’d like to create a course with him. “I think you’re just the person to write the Unconventional Guide to Money,” he said. So that’s what I did.
I spent almost a year developing the Get Rich Slowly course. As part of that, I wrote a 120-page guide describing how to become the Chief Financial Officer of your own life. “Be Your Own CFO” was the be-all and end-all of my financial philosophy, distilling everything I’d learned during a decade of reading and writing about money. When I was finished, I knew it was my best work — and the folks who read it seemed to agree.
The problem? Not a lot of people read it.
Plus, even those who did read it sometimes struggled with the metaphor. Not everyone knows what a CFO is — and of those who do know, few seem to care.
I want more people to hear my message. I want more people to become the Chief Financial Officer of their own lives, but I don’t want to bore them to death in the process.
Enter Money Boss
I’m currently on a year-long RV trip around the United States (which makes launching a new blog tough, by the way). While stranded in South Dakota in mid-July — we were waiting for a new engine to arrive because our old engine had self-destructed — I posted an idle question to Facebook: Can you help me name a blog?
There, amidst two dozen replies, was the perfect name: Money Boss.
After the RV repairs were finished, Kim and I hit the road again. We explored the Great Lakes. We spent time in New York and Pennsylvania. But I wasn’t wholly invested in the trip anymore. I couldn’t get Money Boss out of my head. We were supposed to be exploring the country, hiking national parks and wandering through urban jungles. We were supposed to be sampling local food and learning the history of the places we visit. But I wasn’t paying attention.
Instead, I was thinking of all the things I want to say about personal finance. After several years off, it turns out I have a lot to say. My philosophy has matured. I no longer think it’s best for most folks to get rich slowly (although it may be best for some). Instead, I want to encourage people to become their own boss, financially and otherwise.
So, Kim and I rented a condo in Savannah, Georgia. We’ve put the RV in storage for the winter, and I’m going to spend the next six months launching this site. If things go as planned, we’ll build a Money Boss community here, seed the site with content, and then hit the road when spring comes back around.
I’m so excited to be writing about money again!
The Money Boss Difference
Money Boss will be different than most of the personal-finance blogs (and books) you’ve read.
For instance, I have much to say about the philosophical underpinnings of smart money management. At Get Rich Slowly, I wrote a lot about the psychology of finance. That’ll be true here too, but I’ll go farther. Eventually we’ll delve deep into life philosophy — and we’ll discuss how this is all related to success with money (and everything else).
But the biggest difference at Money Boss will be that I’ll urge you to take an active role in your financial future.
Instead of assuming you’re a victim of circumstance, I believe that you are the master of your own fate. Sure, you’re a part of the overall economy and subject to both lucky and unlucky breaks, but ultimately you are in charge. Your circumstances may not be your fault, but they’re your responsibility.
You are the Chief Financial Officer of your own life. You are the Money Boss.
Note: Here’s another difference between Money Boss and other websites: Most personal-finance advice is written for those who are just starting to figure things out. At Money Boss, I’m going to spend a significant amount of time writing for the lucky who have already figured out how to handle their finances. Believe it or not, there’s a real need for information about what to do next. What do you do once you’re saving half your income? What do you do once you’ve reached financial independence? We’ll explore these questions together.
I won’t pretend that you can meet your goals without doing the work. Some books would have you believe that you can get rich quickly with minimal effort. Gold! Passive income! Think and grow rich! Clip coupons until you have a million dollars! It doesn’t work like that. Being a money boss takes discipline, focus, and effort.
Still, I’ll show steps you can take to boost profit quickly — if you’ve got the guts. You need a budget. You need to spend less than you earn. To have any chance of achieving your dreams while you’re still young, you’ll have to spend a lot less than you earn. That means cutting costs on transportation and housing while boosting your income in any way possible.
But I’ll help you see that these choices don’t have to be torture. I’ll stress the power of purpose. Most personal finance advice skips this important step. The financial gurus will tell you how to scrimp and save, but they rarely mention the why. When you have a why, you can bear with almost any how because you understand that when you opt to save for the future instead of spending on today, you’re not making a sacrifice. You’re choosing to buy your future freedom.
Whether you hope to escape the chains of debt, to save for a year-long RV trip, or to retire within a decade, you can have the financial freedom you desire — if you’re willing to accept the role and responsibilities that come with being a money boss.
Your motto must be: “The buck stops here!” Don’t blame anyone or anything else for your financial situation, and don’t expect somebody else to rescue you. Your financial fate rests in your hands.