What type of blog reader are you?
Moomin Valley has an interesting post on the different types of financial bloggers. He theorizes on the two main types – those who are trying to save money, and those are trying to grow their money.
Quite an interesting concept. [He is an economics professor so his job is to theorize on these things anyway!]
The next logical question is what sort of reader are you?
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May 8th, 2006 at 2:13 pm
I belive I am both. Although it is hard for me to “make money” with my money right now due to limited time and money (school). I still belive I can learn for the future and also learn more ways to save.
May 9th, 2006 at 10:19 am
I am leaning more in the direction of “making money”. What I am interested in most are bloggers in NYC area and what they’re doing to increase their net worth. I also have a separate category for those who are more entrepreneurial, like yourself. I like reading stealthbuck’s blog too.
I actually would like to know more details about your “adventures” like how much you make on each deal, etc. and also how your net worth increases/decreases over time (qrtrly, maybe?) It would seem more real, imo. Curious to know how you’re progressing toward your financial goals too.
thanks.
May 9th, 2006 at 10:55 am
[The link seems to have and extra "k" at the end of the URL.]
I think this is where my blog is going to possibly lose it’s identity. I’m influenced by you, who seem to be in the growth arena, but I’m also influenced by Boston Gal’s Open Wallet, who seems firmly in the save money arena.
There’s got to be a good ying and yang way to be both. Perhaps if you were a money saver that put every dollar into small businesses and/or real estate. I’m not quite sure though.
May 9th, 2006 at 11:04 am
good feedback james.
if you go back to an old post like this one http://moneyshaker.blogspot.com/2005/09/how-i-started-investing-in-real-estate.html, you’ll see some numbers.
the reason why i dont usually post numbers like networth, is i don’t really know them myself.[its in constant flux and require effort to constantly manage this] but i’ll try to add that in.
May 9th, 2006 at 11:06 am
lazy man, if you read all my posts [that may take awhile] you’ll see places where i’ve mentioned that i’m quite frugal. i’m just tired of writing about it.
just being frugal depressing enough as it is
May 9th, 2006 at 2:39 pm
Well, I just started my money blog. Both saving & making money are important to me. If you make enough money then savings will take care of itself. That is where you want to be. I think a focus on both wealth creation and preservation are critical right now because of potential market volatility over the next few years.
With blogs I am actually more interested in the flow of wealth than the details. I already am a successful business owner, economics is kind of a little side hobby which I’m pursuing with my blog.
May 9th, 2006 at 9:10 pm
Thanks for the plug!
As I wrote in my blog I grew up pretty much naturally on the frugal side, so that is taken care of… over time I gradually and slowly up my living standard. So my focus is on maximizing investment returns. I think these are two natural stages – think though emphasis will depend on personality – how risk-averse someone is etc.