This week’s Money Master is Andrew Schrage of Money Crashers. Andrew is, also, from Denver and is a leader in the personal finance blogging space. Money Crashers is dense with personal finance information, help and guidance.
We had the pleasure of finally meeting Andrew face to face at Phroogal’s Pit Stop 19 on the Road to Financial Wellness. It was nice to meet him and discuss ways that we can partner to meet our mutual goals of helping others live debt free and achieve financial independence.
Lastly, click here to be a Money Master. We’re always seeking new personal finance bloggers or industry experts to help our followers be debt free, have fun and be money conscious.
Learn more about Andrew and Money Crashers below.
1. What’s your story?
Here’s my story in a nutshell. My name is Andrew Schrage, and I was born and raised in Boston, MA. I was educated at Brown University, where I graduated with a degree in Economics. Shortly after graduation, I moved to Chicago to take a position with a hedge fund. I worked there for a rather modest stint, but soon became restless and disillusioned with the corporate environment. So I decided to branch out on my own and fill what I felt was an extreme hole in our education system. The website Money Crashers was launched in 2009, with the help of myself and my business partner. Its goal is to educate its readers and subscribers on ways to manage their money better, and the topics we discuss include ways to save more money, the importance of a personal budget, how to effectively invest for retirement, and much more. I did this while I was still working my traditional career in order to ease some of the potential financial stress. After a bit of time, the website began to generate enough revenue to where I could focus on that alone, and I left my position in the corporate world. Currently, the website is one of the top websites in the personal finance niche.
2. What’s your point of view, as a personal finance blogger?
My point of view as a personal finance blogger is that the Internet in general, but also including the personal finance niche, is filled with inaccurate information and misleading advice. That’s precisely why my website places a high priority on accuracy and factuality. If the general Internet user isn’t careful, they can easily be steered in the wrong direction, which can lead to major consequences, especially when it comes to the financial arena.
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?
You must keep your spending below your income – all money-saving methods will help you reach this goal, and all of your long-term savings strategies become much easier to meet when you are bringing in more than what is going out.
Stop by Money Crashers regularly, sign up for their newsletter or their RSS feed. You’ll be glad you did.