About 2 1/2 years ago, at age 24, my finances were in poor shape. Not in shambles, but certainly not in a good position. I was paying down student debt sporadically and putting a meager amount (couple hundred monthly) in a savings account earning 0.1 % APY. I knew I needed a change but had no idea how to save and always wondered how any but the highest earners could ever contemplate retirement.
As fortune would have it, I was online looking for an easy recipe for homemade whole wheat bread (I love to bake and cook) when I came across http://www.thesimpledollar.com/
. The bread recipe was OK but the rest of the site's personal finance message was even better. I immediately opened a savings account with ING to establish my Emergency Fund and had 3 months of expenses covered fairly soon. I got hooked on watching my interest accrue, even if it was just a few dollars monthly. So I started looking for higher returns. I read some Graham (excellent but not my style) and some Motley Fool and Jim Cramer and was skeptical. So I kept looking.
Eventually, that same site that I had previously visited led me to Vanguard and a Bogle book, and I ended up reading A Random Walk Down Wall St.
, Bogle on Mutual Funds
, and a couple Swedroe books in about a month's time. They gave me the courage to open an IRA with Vanguard (went with the STAR fund at first since it was the only fund with a 1k minimum at the time), start contributing to my company's 401(k), immensely increase my savings rate, and they eventually led me to this site and my local Boglehead chapter. Fast forward 2 1/2 years and I am the resident expert in my group of friends and family about intelligent investing, always recommend this site and its message/philosophy, and am hopefully on my way to financial freedom many years down the road.
Thanks to Jack Bogle, and to all other authors and posters that regularly contribute to this site (Taylor, Mel, Larry Swedroe, Rick Ferri, and Bill Bernstein off the top of my head.) It has truly been a blessing. I'd be lost without Vanguard and the majesty of simplicity and passive investing.