Interview with My Money Shrugged
By Lydia | March 4, 2010
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What influenced you to start My Money Shrugged?
My influences to start MMS was mostly reading other blogs and seeing what other people were doing with their money and how they used their blog to influence themselves, as well as their readers. It helps keep me accountable and also makes me study and research on either topics I do not know or ideas that I have with economics/political/personal finance.
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How has blogging helped you to stay motivated while you budget your money?
Blogging has help me in tremendous ways, mostly by keeping myself accountable. It also gives me an outlet to write some of my thoughts and views along with keeping a record of my financial picture. It keeps me motivated because I get to see my progress each and every month. It makes me set financial goals and reminds me to constantly to attain those goals.
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What financial topic do you enjoy blogging about?
I enjoy blogging about personal finance and the effects that our government and federal reserve have on destroying our savings and make it so hard to be financially free through taxation and inflation.
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Do your personal experiences play a key part in your blogs?
My experiences are everything to my blog, I considerate it as my online diary of my thoughts, ideas and beliefs with personal finances and politics. I post about what I am thinking with my money, I keep a tight record of my net worth, budget, investments every month. Without those experiences I wouldn’t have a blog.
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Which 3-5 of your blogs would you consider crucial to read to better understand how to control a budget?
BudgetsAreSexy.com, MoneyEnergy.com, MymoneyBlog.com are must reads for myself with PF Blogs
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What is some financial advice you could give to our readers?
Know where your money goes every day/week/month with a budget. As soon as you know where it goes, you start to realize that you cut here and there and next thing you know you have saved money. Once you have learned to budget your money then learn how to make your money start to work for you, by investing it. Finally and most important, know what the government is doing because it will ultimately effect your freedom. One of the best pieces of advice would be to read Atlas Shrugged by Ayn Rand to see the overall bigger picture.
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