Thanks to Carthik A Sharma, I was able to migrate from Live Journal (Free/Unpaid account) to Word Press.

What I did was export from Live Journal to XML, send it to Carthik, he converted it to Movable Type format. After that I ran his import script to import it into Word Press.

Note: Word Press also provides import-mt.php, rename that to something else and use the modified script mentioned above. This works better as you can specify the author name to import as.

Next is to try tweaking wordpress to my liking.