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Money Masters: Money is the Root

  December 5, 2014  |    #Eliminate Debt

This week’s Money Master is Justin Weinger of Justin is a thirty-something MBA who lives in metro-Detroit. Justin’s blog intrigued us because of the name “Money is the Root”. Of course, many readers may complete the phrase in their head to say “of all evil”.

As Justin shares and as we believe, money is not the root of all evil. Money is actually a good thing. Wanting money or wanting more money isn’t bad. As it pertains to money, greed is the root of all evil. Greed can lead to stealing, lying, cheating and worse. Using these actions to obtain more money is rooted in greed not in money itself.

We enjoy Justin’s website because it comes from a voice of one very familiar with finance. His blog is also comprehensive. By that, we mean it covers both sides of your personal balance sheet. Many personal finance blogs extensively cover how to lower your costs, how to save on spending, etc. However, personal wealth is more easily obtain, even only possibly obtained, by saving and investing. Justin’s site covers those topics, too.

Likewise, one of our favorite, more recent posts of Justin’s is When Should You Start Investing? In it, he discusses that timing is not what’s most important when it comes to investing, but time in the market is most important. He also alludes to the value of buying and holding investments for the long-term. This has several benefits, not least of which is lowering trading and tax expenses.

Another favorite of ours that’s also a timely topic is Tips to Lower Your Taxes in 2013. While it’s 2014, much of Justin’s advice in this post is still applicable today. Tax planning should start early, rather than waiting until your W-2 comes in the mail in February each year.

At this time each year, you should consider harvesting tax losses to offset earned and investment income. The rich try to avoid taxes like the plague. That’s an example we should all follow.

1. What’s your story?

I’m a corporate finance manager by day and a personal finance blogger by night… I started a blog to utilize my professional expertise, help others, and make a little extra money in return.

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

I’ve found that most finance bloggers are actually quite poor with their finances, which is why they are now blogging about digging their way out of debt. It’s a journey though, we all learn through experience and understanding.

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?

Spend less than you earn and you will never go into debt!

Justin has a straight forward, pithy writing style that helps his readers get to the point. This is refreshing and is only enhanced by his wise message. Check out It has valuable content and you’re bound to improve your personal financial situation with Justin’s advice. That won’t hurt.

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