Warning to My Readers

I just wanted to send out a warning to anyone who reads this blog that I am not a financial advisor. I do not claim to be a professional when it comes to finances. This blog is not intended to be used as a guide to others and my advice is not for you to follow. If you do follow any advice given on this blog then you do so at your own risk.

This blog is merely about my own personal journey through the world of finance. It is about my quest to pay down debt, save for retirement, and any other financial aspects of my life. I don't claim to have all the answers. I don't claim that my way of doing this is the best way. It does seem to be working for me but may not work for everyone.

I just wanted to make sure I warned everyone because I recently received an anonymous comment stating that I was wrong in my financial advice. In my post on my review of how my 401k performed in 2007 I stated that I had earned 7% in 2007. I stated that I had only invested in my 401k for the last 3 months of the year and that if you annualized my returns I would have earned about 28%. However, a commenter decided to correct me and state that had I been invested the whole year I would have only had a return closer to 6-8%. I still believe that 7% over 3 months annualized comes out to 28%. However, to make this commenter happy I would like to state that if I had invested in the same 3 funds all year last year my return would have been just over 18%. Not the 28% annualized I stated. Also well better then the 6-8% the commentor stated. If the funds did as well all year as they did in the last three months then I would have had 28%.

Anyways, the point of this post is to take everything I say with a grain of salt. I don't want anyone thinking I am a financial advisor giving out advice. I am not. I don't know what investments are the best out there. I do know what is working for me and my fiance. If you want to follow us on our journey then keep reading. I appreciate my readers.