Over the course of the next 8 Wednesdays, I am posting interviews with the other members of the M-Network so you can get to know them a little bit better. If you don’t already read these sites, you really should check them out! To be fair I am going in alphabetical order by site name, and next up is Single Guy Money.
So SGM, when did you start Single Guy Money and why?
I started SingleGuyMoney in June of 2007. I had been reading pfblog.com and I was intrigued about how open he was about his finances. I like to peek at others people’s personal finances so I figured I would start a blog and post my own personal finances for those who wanted to see the personal finances of an average “guy next door”.
How much time do you spend each week on your site?
I usually log on in the morning before I go to work to check messages, site stats and make sure everything is ok with the site. When I get home in the evening, I usually writeup my new posts, answer reader questions and emails and tinker with the site. I would probably say I spend anywhere between 1-2 hours a day working on the site.
For other people contemplating starting their own personal finance sites, what are a few tips you could offer them?
Just do it. It’s fun and can help you improve your finances. Once you build a reader base, you are somewhat accountable to them. You think twice about making bad financial decisions because your readers will surely call you out on it. I would also recommend joining a group like the M-Network. I’ve gained alot of valuable knowledge by being a member and my blog probably would not have continued to grow as it has.
What are the most essential habits that you’ve formed to achieve your financial goals?
One of the most important habits I’ve learned is to plan. I plan out every financial move now. Not just for the week but I plan for the month, the year and the years ahead.
What achievement are you most proud of in the last 12 months?
I’ve made alot of financial achievements during the last 12 months but the one I am most proud of is when I paid off the remainder of my credit card debt. This debt had been with me for years and was kind of like an unwanted houseguest. Finally, with the encouragement of my blog readers, I paid it all off.
What would you consider the single most important thing people can do for their finances?
Get rid of debt. I noticed that my net worth did not start to really increase until I paid off my credit card debt. I was helping to make the credit card companies rich by paying finance charges. I decided it was time to start filling my own pockets and I haven’t given the credit card companies a penny more in finance charges. Not only will your finances improve, your stress level will decrease since you are not laying in bed at night trying to figure out how to pay your bills.
If you had to pick three of your own posts to call your “favorites”, which would they be?
I DID IT!!!! This was the post I wrote immediately after I paid off the last of my credit card debt. I was on cloud nine when I wrote that post.
My Financial Decisions – Good and Bad. This post lists what got me into a bad financial situation and the good things I did to get me out of debt.
I Want to be Rich Like You! My 16 year old cousin thought if you looked rich, you probably were rich. He didn’t know what debt was so I had to explain it to him.
Thanks SGM! And be sure to look for the interview next week with The Dough Roller!