Buying and choosing a domain for your new blog is an important step. While you will get traffic depending on the quality of your blog more than based on the domain, the domain name can have an impact on a specific keyword that you might be trying to rank high for in the search engines (more on this in the SEO information of the site). For example, this domain SimpleFinancialFreedom should be able to more easily rank in the keyword “financial freedom” and so forth.
Your domain name should ideally be short and quick to say. A six word sentence shouldn’t be the domain name of your site. Shorter is better.
I recommend using either Networksolutions.com or Godaddy.com – I’ve bought domain names through both of these sites and have had good success.