For whom is it?

Dobromir Risov · April 2025

Intro

Shortly after I decided to launch this project I met a man in a pub in Dublin. We started chatting while enjoying our pints.  We talked some politics, we then shared a bit about our backgrounds. He confided with me his business struggles. I also shared with him my project.  He reacted by saying, “ah well that´s for people who have money.”  I thought about his answer for a second, I was not seeing it that way. I didn´t know what to answer though. If I happen to meet him again which is quite unlikely – I will share with him the following knowledge.

Main

It was an article from the American Bankruptcy Institute. The article covered sports professionals, who are very successful in their particular sports field, they are high earners. Even with astronomical salaries. However once they retire, a majority of those struggle financially. They even  go bankrupt. I thought after reading this: if it´s about having money, why are they not doing automatically well? After all, many of them became multimillionaires. I conclude they did not know how to manage their own personal finances. They could have been amongst the best in their particular field but they didn´t know how to keep their funds. This may be because they listened to the wrong people. My point is, I want to provide structure to the personal finances of an individual. Structure does not require wealth. What you do with little money, you will continue doing with a lot of money. Structure provides a good chance of doing better over time. Why? You apply knowledge to your personal finances. While some luck/chance is necessary to become wealthy, skills are sufficient to do better.When I was looking for a picture to start my blog, I was proposed the wooden core of a house. Structure gives a house stability. Structure gives your finances the same. I am not saying a house with no structure will collapse, but a house with structure stands a better chance of NOT collapsing.

Could it be magic? - No.

Another challenge to successfully dealing with personal finances is the hidden expectation of magic. This woman blowing these things reminded me of magic dust. Like things happening out of nowhere. With fairy dust and magic (tricks) there is excitement attached to it. Structure is the opposite of excitement. This is another common trait with successful personal finances. Things don´t happen out of nothing, out of air.

Further there may be people who assume personal finances are rocket science. I remember one of the famous investors, Warren Buffet, saying something of the sort: “to be successful in investing you need not more than average IQ. More is probably harmful to investment success.” That is true for personal finances too.

A PhD in physics needed? - No.

Summary

I talked about someone´s opinion on personal finances. I provided proof that this is not the case. I highlighted what my content does for personal finances. I gave examples of unhelpful thoughts like rocket science or fairy dust for successful personal finances. The content is for people who want to learn about and apply structure to their personal finances. Structure is not “fancy”. Structure is also not “making” you rich. Structure provides stability and clarity.