Hi, welcome to Good Money Sense.
As you can probably guess by the name of this blog, it is about personal finance and how to make better choices with your money.
I know there is plenty of financial advice out there. My goal is to always provide accurate and honest information to make a positive impact on your life. You won’t find any get-rich-quick schemes on here. What you will find instead is how to get and stay out of debt, make more money, save more money, how to invest that money and spend it wisely.
I am a personal finance enthusiast. Growing up, my parents started off with almost nothing and worked hard to provide us a middle-class upbringing. I learned early on that money didn’t magically appear in your wallet. If I wanted to buy something, I had to be smart with money and either earned or saved for it.
When I was in high school, I would regularly check out stacks of magazines such as Money, Kiplinger’s, BusinessWeek, and Smart Money from the public library. School teaches us everything from history, physics, algebra, and music, but there were rarely classes on money and how to manage one’s finances.
As I got older, I saw friends and family constantly making poor money decisions. I’ve made mistakes of my own too. I used these as learning experiences so that you, as one of my readers, can avoid these pitfalls.
Rather than telling you there is only one right way to manage your money, I’m here to give you a different perspective. Contrary to some personal finance gurus’ advice, credit cards are not always bad. Neither are certain kinds of debt. Not everyone has to stop drinking coffee, follow a strict budget, skip going on vacations and having fun, or only drive old clunkers.
I’ve never been one to do what I’m “supposed” to do. Otherwise, I’d be stuck in a 6 x 6 cell – I mean a cubicle for eight hours a day five days a week. Some of the things I’ve done include:
• Created online businesses after graduating from college that provided a full-time income
• Bought, fixed up, and flipped houses for over $100,000 in profit after the Great Recession
• Saved over 50% of my income without having to eat ramen every day
• Earned tens of thousands between credit card rewards and high-yield savings accounts
• Made 33% return on investment from peer-to-peer lending as an investor
• Lived as a digital nomad, which included living in a ski town and snowboarding over 100 days in a winter
Plus many more. I believe in spending money on things that add value to your life, attempting things yourself rather than paying someone, living frugally, cheap travel, and financial independence over conspicuous consumption.
Join me as I share my personal experiences as well as new things I’ve learned so that we all can make smarter money decisions for a better life.