Money Masters: Beating Broke

beatingbrokeThe personal finance blogger we chose to highlight for our second week of Money Masters is Shane from www.BeatingBroke.com. To be honest, we didn’t find Shane ourselves. We found him through J.Money’s www.RockStarFinance.com where Shane’s post “Dirty Germy Cash; 6 Reasons I Love Using It Now”. We’re big believers that Cash is King and Shane’s post underscores the reasons why we think so. There’s just something about a cash transaction that makes you more aware of what you’re buying and spending.

What resonates most with us about Shane and his wife’s story is how they only achieved clarity after they reached their definition of rock bottom. This is similar to the Debt Free Guys. At one point, they even considered bankruptcy. We think it’s great how they chose to take ownership of their situation.

Shane and his wife have a two year old, so they’re life has been turned upside down. This, however, is a joy and a challenge for them anyone trying to maintain some semblance of financial control. We think their story will resonate with a lot of our readers. Below are Shane’s answers to our questions.

1. What’s Your Story?

I’ve always been interested in technology.  As the web gained prominence, I was drawn to the ability the web gives you to reach people who, a decade ago, would have never been reachable.  I started a technology blog in 2005, and shortly after that, my failing finances led me to start reading and researching on personal finance.  As with most anything that I decide to learn about, it helps to have an outlet to write all the stuff I am learning down, and maybe have a conversation or two about it.  A blog is an excellent way to achieve both of those.  So, building on my experience with the technology blog, I began writing a personal finance blog.  I later sold that original blog, but the itch to write on the subject didn’t leave with that blog, and so I started Beating Broke.  In June of 2014, I’ll be celebrating the 6th year of Beating Broke.

2. What’s your point of view, as a personal finance blogger?

beatingbroke2I credit Dave Ramsey with a great deal of my early philosophy in regards to personal finance.  As a result, I was very anti-debt, anti-credit card, and pro savings for a very long time.  My philosophy has changed a bit over the years however.  Debt and credit cards are still terrible, but they have a place as tools if you can use them responsibly.  If you can’t, it’s best to just avoid them.  Saving never goes out of style, and neither does frugality.  Overall, personal finance is personal.  What works really well for me may not work really well for the next guy.  I share what works for me and others, but it’s up to the reader to determine if it’s the right thing for their personal finances.

3. In one sentence, what’s one piece of sage advice from your personal finance background that you’d like to share with our readers?

Put your money to work for you, so that it doesn’t go to work for someone else.

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