About Financial Hipster
Giving Yourself the Gift of Time
I never felt connected to the traditional model of lifestyle in America. Go to school, pay for college, accept debt as an option, then make a bunch of money so you can spend it all. The problem with this is it doesn’t address people’s real goals. Most people want to find meaningful work, build a lifestyle around your values, and raise kids that fall in alignment with those values.
I once heard, "Put your passion on paper and you'll be fulfilled everyday." My goal is to help people learn about money and improve financial literacy in America, especially with millennial's and younger people. Coming out of college I wanted to help people and become a financial planner, but in talking to financial planning firms they didn’t have much interest unless I was good at selling financial products. I couldn’t get on board, because that’s not what personal finance is about. What do people really need? Unbiased and real advice that took into consideration all their goals/dreams. Thankfully, sites like Personal Capital and Betterment are starting to get it. The people who need it the most haven’t had a market to serve them because building wealth is only partly about managing assets. Instead, it’s mostly about managing people’s behavior and decisions around money. That’s what makes you wealthy. These sites are great about showing you what you spend so you can make the right decisions.
"Bucking the mainstream consumer way of living to discover and achieve what you want in life in a fiscally responsible way. "
Financial Hipster was founded from an idea that freedom of choice and lifestyle are desirable to everyone but there aren’t many resources out there to discuss and learn how to achieve it. It was built from an ideal that grew into a lifestyle that my family and I live everyday and it brings us extreme happiness. We’ve found that when we make sacrifices to take control of our life and finances that the end result is really rewarding. Being an avid cyclist, I like to think that your finances are like riding a bike, “Don’t buy upgrades, ride up grades” – Eddy Merckx. There is no short path to financial freedom. It takes work, but the work is the reward.
Money isn’t happiness but it is the single tool that can directly impact things that matter to people the most. Most importantly, having the freedom to do what you want with your time. Money doesn’t boil down to its financial return, it’s about the freedom and time it returns.
Tiny houses, minimalism, and simple/intentional living trends. Love them all. But what led to me launching Financial Hipster was that all those lessons and goals revolve around one thing.
“Money should be used as a tool to pay yourself back in time. Spending your time doing what makes you happy is the path to true happiness, not buying things.”
Tiny houses are cool because you don’t have a lot of stuff and you can afford where you live cheaply, freeing up your time. Because Less is more. But that doesn’t address the whole equation. Real freedom is building a life that is focused on what you want to do, and then achieving it. That's hard to do if you don't have control of your money. Besides, not everyone wants to raise kids in a 400 square foot box.
Financial Hipster is about making your life more simple and gaining control of your life and finances. And frankly, you don’t have to be an extreme minimalist to make that happen. That’s where Financial Hipster was born. Bucking the mainstream consumer way of living to discover and achieve what you want in life in a fiscally responsible way. You don’t have to follow the conventional ideas around your career and money. Life should be about living the life you want. And if you live it the financial hipster way you can do that and still provide for yourself and your family. It's about thinking about money differently and most importantly the decisions you make around it. For every dollar you spend, think about how it brings value to you. Is it really bringing you closer to the life you want? Or are you just prolonging it?
Everyone is different. For some they may be perfectly content with the traditional model of how we make and spend money. Maybe your life passions are fancy cars and a big house. For me, it is freedom with my time and every dollar I spend is taking away from my future time. Pursuing financial freedom is not for everyone, and that’s okay. But it is possible if that’s the path you choose. Freedom to have more choices with your time and the freedom to build the life you want.
It can be easy to fall into a consumerist cycle and social pressures to do what everyone is doing around us. Thinking all along that if you make a lot of money and do what everyone else is doing you’ll be happy. And we teach our kids how to do the same thing, so the cycle continues. Financial Hipster is a movement to try to challenge that status quo and regain control of your most valuable asset, your time. It’s about building your intentional life and I hope you continue reading to learn about how I am pursuing financial freedom through my own financial hipster-ness.