Something To Call My Own

The other day someone told me about how cheap it was to get myself my own domain name. I thought the idea was great, he even told me it would also help me build traffic to my blog and I could still use blogger. He also told me that I would be able to transfer everything that I have now over to my own domain name flawlessly. So as of now I am keeping this idea into heavy consideration but I have quite a few reservations and my main concern is one that I'm sure all of you would share. I am afraid that all the links that I have to my blog would be forever lost and everyone would have to correct the links on their blog. I don't want the traffic to my blog to completely diminish but also I feel that in the long run this may be a better idea and better now than later (If ever a later.) I guess as long as the main readers are kept intact I will be happy because that is truly what matters to me, not so much the hits to my page but the comments. A few more days should help me decide what I will do.