Published on January 4th, 2014 | by Pete1
Money Bulldog Interview
As we have always said, here at MoneySuperstar, we are proud of what we do. We also know though, that we are not the only UK personal finance blog out there, and for that reason, we regularly pay homage to other high quality personal finance blogs. This tiem round, we spoke to Adam, at Money Bulldog, and probed him in regards to some of his motivations and ideas. Here is what he had to say for himself:
1. What made you start blogging about personal finance?
After spending some time working in the mortgage industry I’d become acutely aware of how many people out there were struggling with debt. Not only that but every single day I could also see that the advice that they we’re being given was not always in their interests but often it was in the interests of the those trying to lend them money. When I exited the industry I decided that I wanted to share some of what I‘d learned with others and hopefully put it across in a simple way that was easy to understand for those who were less clued up on financial matters.
2. What is your favourite money saving tip?
Overpay Your Mortgage! It may not save you money at the time but in the long run making overpayments on your mortgage could save you thousands – if not tens of thousands – of pounds in mortgage interest so it has to be on the money saving list. Be sure to check your agreement though to make sure you are entitled to overpay without incurring a penalty. If you have other debts though it will likely make sense to pay those off first, so spend a little time doing the maths.
3. What is your proudest achievement since you’ve started blogging?
I actually have two. The first happened when we were nominated for the Top Personal Finance Blog of 2012 Award over at One Smart Dollar. Realistically we were never going to win but it was just nice to be placed on a list with so many great bloggers. The second came when we received a mention in Canadian Newspaper ‘The Globe and Mail’. I’m not sure if they are an online only newspaper or if they put things in print too but it was a big thing for us either way.
4. What is your favourite money making tip?
People will only value your product or service as highly as you do. I’m not saying you should be unrealistic and overprice your wares but if you under-price then you’ll just end up working yourself into the ground for little or no reward. In the early days of business many people either don’t account for or simply refuse to acknowledge every single expense involved in running a business. Be sure to account for everything from the outset and have a firm business plan so that you can be sure that your business is sustainable over the long term.
5. What advice would you give to others who want to start blogging about personal finance?
I would say if you have passion for a subject then you will certainly find others who share your passion. Don’t be put off by a lack of knowledge or experience. Each day that we live our lives we all learn something new about managing our money. Your experience and your willingness to share it is all you really need in this game as we all learn snippets from each other. On a more practical level make sure you go self hosted, jump head first into social media and comment on as many blogs as possible. Finally the Personal Finance blog niche is one of the most welcoming and helpful around so you’ll find many people willing to help out and offer advice.
Wise words indeed, and thanks again to Adam for taking the time to share his thoughts with us. You can enjoy more of Adam’s work, here, at MoneyBulldog.