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Today, in the ongoing Reader Profile Series, we’re getting to know MPFJ.com reader and enthusiastic commenter, Rob, from the site, Financial Sprout. Let’s all give Rob a big round of applause for sharing his life with us and listen to his story. Enjoy!
Also, if you’re interested in sharing your own financial story/journey with us in a reader profile of your own, just shoot me a quick email, and we can get the ball rolling!
2. What Got You Interested in Personal Finance at a Fairly Young Age?
3. How Did You Get Started Personal Finance Blogging?
4. DESCRIBE YOUR CURRENT FINANCIAL SITUATION (WHO WORKS IN YOUR FAMILY, HOW YOUR INCOME IS, YOUR EXPENSES, ETC.).
5. WHAT ARE THE CURRENT FINANCIAL CHALLENGES YOU ARE FACING (SAVING, PAYING OFF DEBT, STUDENT LOANS, MERGING FINANCES AFTER RECENTLY BEING MARRIED, ETC.)?
I drive a ’93 Cadillac El Dorado, which is a sweet car, but it only gets about 15mpg. I pay about $20 a week to a week and a half for gas, just to drive to school/ church and back. Recently, I just started to get private saxophone lessons, which are $20/hour, so that cost me about $80 per month. Since I’m a 17-year-old boy, the car insurance companies must think I’m made out of money because they’re charging me $85 a month for liability insurance! Per month, I have about $200+ in expenses, which is quite a bit when you don’t have a traditional job. I make ends meet by working odd jobs for people like tiling in a bathtub and painting people’s houses (just a few things I’ve done recently).
6. WHAT ARE YOUR PLANS FOR THE FUTURE (RETIRE EARLY; BUILD YOUR CAREER, ETC.)?
7. WHAT’S YOUR BEST PIECE(S) OF FINANCIAL ADVICE AND/OR YOUR GENERAL PHILOSOPHY ON PERSONAL FINANCES?
You can still retire early even if you only make $15/ hour. It’s all about balancing your expenses. If you don’t make much money, then you should coupon, plan out meals, don’t eat out, etc… Live frugally, and you can use the money you save to invest towards your retirement. If you still can’t set aside money then do some side jobs to designate towards investing, so you are always contributing. Save so that you can invest more, or as Dave Ramsey says, “If you will live like no one else, later you can live like no one else.”