This week’s Money Master is Bobby of Millennial Money Man. Our connection to Bobby is a bit different than our usual connections. Bobby first followed us on Twitter. When we saw that he was new to the personal finance space, we welcomed him and offered to help him in any way.
Bobby’s story is similar to other Money Masters we’ve had, in that he graduated from college with a bunch of debt. He vigorously worked to pay that debt off and is now helping others with his blog.
One of our recent favorite posts of Bobby’s is I deserve a new car, right? Wrong. In our book, 4: The Four Principles of a Debt Free Life, we talk about how we are not entitled to anything. Bobby’s post hits the nail on the head. We deserve nothing other than what we’ve created. If we haven’t created the opportunity to buy a new car, we don’t deserve one. Simply existing or working hard or being cool doesn’t mean we deserve a new car or anything for that matter.
1. What’s your story?
I am a high school band director in Houston, TX. After I graduated college and landed my first job, I was faced with almost $40,000 in student loan debt. I was able to pay off that debt in less than a year and a half on a teacher’s salary through financial discipline and TONS of sacrifice. Now I am trying to spread the word about the importance of financial literacy and responsibility for other young people like myself.
2. What’s your point of view, as a personal finance blogger?
I’m just an average 26 year old Millennial. I wasn’t born into money, and I didn’t have a great financial education growing up. I try to blog from the perspective that anyone can become debt free like I was able to do, especially if you make informed choices with your money. I try to be very honest (sometimes brutally honest) in my writing, because I feel that people my age need to hear the truth about the importance of fiscal responsibility.
Eventually, I would really like to use the website to write about what I see as the biggest financial issue for people my age and younger: lack of education in public schools. Being in the public school system, I know that financial literacy classes are almost non-existent. It’s sad because Young people WANT to know about money! Why wouldn’t they? They want to be wealthy like the rest of us. Unfortunately, the tools are not available to them in the current curriculum structure, and I want to use the website to advocate for better financial education and create a resource for the young adults that will enter the workforce in the coming years.
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?
Stop trying to live like the people around you, because the majority of them are in a ton of debt.
Check out Millennial Money Man. We’re sure you’ll be glad you did.