Improving Your Financial Thoughts – Q&A With David
Are you having issues saving money and feeding your family on a tight budget? Are you struggling with your financial thoughts? Everyone at some point goes through a tough time with money and let me tell you, it’s not easy!
To make things easier, we have David from Runthemoney.com talking to us today about how you can improve your financial thoughts. Money is something that is always on your mind and is a necessity in day-to-day living. David has some awesome tips for you today.
Well let’s not waste any more time, let’s get into some questions and advice that David has for us.
First of all, David can you please introduce yourself and tell us a little about yourself, your family and your interests?
Sure, no problem. I’m 32-years-old and I live in Gettysburg, Pennsylvania in the United States. It’s on the Eastern side of the U.S. close to Baltimore, MD and Washington, DC.
I have a wife and 20-month-old son who is just a ball of energy. We’re expecting our second child in February 2018!
I founded Run The Money earlier this year to discuss my thoughts on financial and physical health. I enjoy running and completed one marathon and five half marathons. I’m also a huge baseball fan and have loved the MLB’s Philadelphia Phillies forever.
Do you have any advice for a family trying to buy a house?
Buying a house is not a purchase you should take lightly. I’m a former real estate agent and I’ve purchased two homes myself, so I have some experience in the process.
My advice would be to educate yourself. Interview a few real estate agents and have them take you out to see some properties in areas where you’re interested in purchasing a home. Ask questions – as many as you can think of and don’t be afraid to look stupid. This is a big deal and you will be shelling out a lot of cash over the years on a mortgage.
Ask people in your life who have purchased a home. What did they look for? Why did they purchase a home where they did?
Learn about things like the age of a roof and water heater. Search and read about things like mortgages and homeowner’s associations. Make it a priority.
The last thing you want to do is be at the closing table or turning the key at the door after settlement and thinking you made a huge mistake! Do your due diligence.
What is your favourite budget friendly, mid-week meal? Why is it your favourite?
While it may not be the healthiest option, I’m a sucker for a warm plate of spaghetti and meatballs. There’s something about that meal that just makes dinnertime with the family even more enjoyable. Plus, it consists of sauce and pasta – what could be more budget-friendly?
Could you tell us a little bit about your site – runthemoney.com? What’s your main message? What do you hope your readers take away from it?
Run The Money really is a culmination of ideas I’ve had over the years. I started a personal finance website in 2010 with moderate success and ran it for a few years. I’ve also started running again in 2014 (previously ran in high school back in 2000-2002). Both subjects – financial health and physical health – have always interested me.
The main message and takeaway is that financial health and physical health intertwine. Both are incredibly important to our overall satisfaction in life. And they both require a discipline that forces you to change your mindset.
To truly master them, you need to humble yourself and learn from your failures. I try to use my experience of failure – and bouncing back from failure – as a way to teach people what’s possible in their own lives.
Do you have any advice for families on an extremely tight budget?
There are three things you want to focus on: cutting expenses, saving money, and making more money. Sounds easy, right? I know some of you are thinking – well, no kidding, Dave!
Let’s think about this though. Ask yourself these questions:
- Are there things in my life that I don’t need but I want? Can I remove them from my life to loosen our budget constraints? Will I do it?
- By cutting these items out, will I be able to save more money every week and month? Will I do it?
- What conventional and unconventional ways can I bring in money? Can I get a second job? Can I drive for Uber? Can I sell items around the house? Can I start a blog or an Etsy store?
Divorce yourself from thinking of money as an obstacle. Instead, think of it as a tool. Some ways of cutting expenses, saving money, and making money will be easier than others. That’s a given.
But, to make strides in your life and increase your financial health, you need to let go of your limiting beliefs. Figure out WHY you want to better your money situation – and then go full speed into making it happen.
One last thing, How can readers get in contact with you?
Thanks for the opportunity, Zoe. This was fun to do!
You can check out the blog at RunTheMoney.com/win. Also, please email me at RunTheMoneyBlog@gmail.com with any questions or comments. Finally, I’m on Twitter @RunTheMoney, Facebook, Pinterest, and Instagram.
David, I would like to thank you for answering my questions and can only hope they are as helpful to my readers as they were to me.
If you are struggling with money and budgeting I recommend you pop over and have a look at David’s site. There are plenty of tips and a mountain of help to get you through your tough financial times. I recommend reading David’s Budgeting Tips Post, which has helped me find and fix a few problems in my own budget.
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Until next time,