FRIENDS AND FINANCES FEATURING MILLIONAIRE MOB
Welcome back to friends and finances my featured blogger series that introduces you to some amazing bloggers. The biggest reason I decided to start this new series, is because I believe in getting different perspectives on handling your finances. I also believe that the bloggers featured here each week have a lot to offer the world and deserve recognition. Some of the blogs featured will be other personal finance related blogs and others will not be. The reason I chose to include some other blogs that are not related to finance is simple, we all have a financial story no matter who we are. I believe money is not the only focus we should have when traveling our road to financial freedom, and I think discovering some fun blogs that share something different can be a welcomed break from over focusing on money.
So today I welcomeMillionaire Mob from millionairemob.com
What is the goal of your blog?
Millionaire Mob is where people come together to find the best travel deals and financial advice. We specialize in dividend growth investing, passive income and travel hacking. Our advice has helped thousands of people travel the world and achieve financial freedom.Millionaire Mob will provide you the best advice to help you learn and grow along the way. Follow us on Instagram, Twitter and/or Facebook for all the latest updates.
How long have you been blogging?
I have been blogging for 6 months now for Millionaire Mob. I’ve had a few other successful mini-blogs, but this one I wanted to finally get serious and help others achieve financial freedom.Fun Tip: A majority of the photos on my site are from my own personal travel experiences. I’m a big fan of quotes to keep me motivated, so you will see a lot of them on my site and Instagram. The above photo is from a trip to Paris, France. I loved the setting and my typical saying of “Financial Freedom is Easy.” It just takes patience and planning.
1. What has been your biggest money mistake?
There are so many! Without money mistakes, you wouldn’t have money ‘lessons learned.’ I’d have to say my biggest mistake was choosing an expensive, out-of-state college! This racked up over $65,000 in student loans. I wouldn’t have got where I am today, so there’s an argument to be made there.
2. What is your best advice for recovering from or preventing this money mistake?
Urgency. Personal finance should be all about urgency. You need to be able to increase your income like you have no other option. After that, have the urgency to take your extra income to attack debt, save like a madman and repeat. Do this early and often. Your future self-will thank you.
3. Favorite quote or money advice and who was the author?
My favorite quote on money advice is definitely the following:
“Rule No.1: Never lose money.
Rule No.2: Never forget rule No.1.”-Warren Buffett
Give me any Warren Buffett quote and I’m good..
I love reading his quotes during times of turmoil in the marketplace. It keeps me sane.
4. Favorite money or budgeting related book and author?
Being a finance nerd and love investing, I always read finance and investing books. I really didn’t read too many personal finance specific books… I read too many blog posts. My favorite money books is: The Intelligent Investor by Benjamin Graham. This taught me a lot about investing in companies. The approach gives you a great perspective about money too.
5. Favorite money-saving website?
I use the Drop app and ibotta quite frequently. I love getting rewards points for ordinary purchases as long as it doesn’t require me to jump through too many hoops to get the rewards. These apps save me money for making routine purchases… Like my Starbucks runs.
6. Favorite money-making app or website?
I’m a Personal Capital addict. I check it every day. Since I have a number of different side hustles, it’s important for me to check my cash flow and dividend income regularly. In addition, I love Robinhood to build my dividend portfolio. Their interface makes it easy to invest, which is important for a lot of retail investors.
7. Do you have an emergency fund or savings account?
Of course, I contribute to it regularly even though it already contains 6 months of expenses in it. An emergency fund is one way to know how you are a money-grown up, but there are several other ways to know that you are a money-grown up.
8. What is your most successful strategy for saving money?
My most successful strategy for saving money is increasing your income through side hustles. Find a few side hustles that pay you handsomely and you truly enjoy doing them. For me, it is consulting small businesses for growth. Then, take your income and invest in dividend growth stocks to capture compound interest early.
Twitter twitter.com/millionairemob2
Facebook facebook.com/MillionaireMob100
Pinterest pinterest.com/millionairemob
Instagram instagram.com/millionaire.mob
You Tube Millionaire Mob youtube
Website URL millionairemob.com
I want to thank Millionaire Mob for taking the time to be interviewed. Thank you for sharing your insight and financial advice with all of us today. Thank you everyone who took the time to read this post, please stop by their website when you have a chance and let them know Saving Joyfully sent you. See you next time here on friends and finances for another blogger Interview, and an introduction to another great blogger. Any financial or investment advice given is not the opinion or advice of Savingjoyfully.com I am not a financial advisor and cannot advise on these matters.
