- Bargaineering - http://www.bargaineering.com/articles -

PFB Spotlight: Tim at MyMoneyForest

MyMoneyForest has, unfortunately, become another casualty in personal finance blogging and the site no longer exists.

Who is Tim at MyMoneyForest? He’s one of several “young” (he’s the same age as me) personal finance bloggers who have burst onto the scene lately and his perspective is that of the younger crowd. If you can get past the fact that he’s a Democrat, I think you’ll enjoy his blog. 🙂 (Disclaimer: I’m a registered Independent)

jim: Could you tell us a little about yourself?
Tim: I’m currently a full-time student at Washington State University-Vancouver which as the name suggests is in Vancouver, Washington. I’m majoring in political science with a minor in psychology. I will graduate in 2007. I grew up in Spokane, WA but I have also lived in Kalispell, MT and Grapevine, TX. I love to snowboard, run, weight lift, and I’m active in politics.

jim: How are you active in politics?
Tim: As for politics, I was involved in the 2000 Democratic Coordinated Campaign, I’ve worked on Congressman Brian Baird’s campaign, and I was an intern at his Vancouver office briefly. I served as student government president at Clark College in Vancouver and I’m currently running for student senate at WSU-Vancouver. I’ve been involved in letter writting campaigns and canvassing as well. I’ve lobbied our legislators with a group from school called Students for Political Activism Now (SPAN). On that note, our lobbying was 100% legal and bribe-free. I also participated in Model United Nations for two years.
jim: When and why did you start a blog?
Tim: I first noticed people were doing personal finance blogging about a month ago. I thought about doing it for a while and then at the end of February decided what the heck – I’ll go for it. Since mid-terms were happening and papers were due it took me a while to set up my site and get things going. But now I’m up and at it. I think it’s an interesting idea to share your personal financial information with others. I was kind of nervous but I think I’ll get used to it. Money is normally such a taboo topic. I hope to learn a lot from other people and maybe even share a few insights of my own.
jim: Is there anything that makes your perspective unique?
Tim: Initially, I didn’t think so. But after reading some of the blogs, I think I’ve been more successful than most in positioning myself financially (low debt). So perhaps I can offer something to people that know less than I do. Even though I’m only 25 and still in college, I think as I grow personally and financially the amount of perspective I can share will grow as well.
jim: What’s your favorite personal finance book and why?
Tim: Rich Dad, Poor Dad [3] is one of my most favorite because it’s funny, interesting, and real. Mr. Kiyosaki really does a good job dispelling a lot of myths about money, wealth building, and the different types of income. I’ve gone on and read or listened to nearly all of his books. The founders of Fool.com also offer a lot of solid advice in their books.
jim: Which of your posts do you think all your readers shouldn’t miss?
Tim: Are You An Investor, What is a Certified Financial Planner, and Stocks 101: What is a Stock (links removed because they were all dead).
jim: What financial “mistake” bothers you the most?
Tim: If we are talking about my own personal mistake then I would have to say waiting so long to get started. I’ve been working since I was young doing yardwork, painting houses, shoveling snow (the usual kid things) and then working various jobs. There was a lot of dumb stuff I wasted money on growing up. Since I had a mom that didn’t really know to much about building wealth I never received a financial education at home. I mean, even if I had started investing and saving when I was 18 years old I would be way better off today than I am.

If we are talking about other peoples’ mistakes then I would say their lack of desire to truly take control of their own finances. Too many people blame others for their financial problems. Like, “credit card interest is too high,” “we pay too much in taxes,” “my job doesn’t pay enough,” or my pet peeve – “money is not everything.” I have a lot to say about those and I intend to address them on my blog.

jim: How do you think being the child of a single mother affected your personal finance outlook?
Tim: I had to increase my financial IQ on my own. I come from a fairly normal, middle class family (my mom and I) and I want people to be able to see that anyone can become wealthy if they learn the principles and apply them. Everything I have I’ve worked hard for.
jim: What was your best financial decision to date?
Tim: Getting started investing! More specifically, one of my best purchases of stock was Netflix when everyone was hating on it because Wal-Mart and Blockbuster rolled out similar programs. Luckily, I got in and rode the growth to where it is now.
jim: What is your favorite personal finance blog and why?
Tim: There are too many that I like. They all have unique perspectives and offer interesting points of view.
jim: If your blog ended today, how would you like people to remember it?
Tim: If my blog ended today chances are no one would remember! I guess I would like my legacy to be that I’m a pretty normal guy[,] from a middle class single mom[ family,] who was able to become a millionaire and help people along the way.