About the Site
This site is focused on creating content that inspires readers to better understand and improve their own financial situation. Along the way, you should expect to read some thought-provoking articles with actionable steps to make better personal finance decisions to set yourself up for success.
About DIY Money Guy
I’m Drew, the DIY Money Guy. I’m a guy in my early thirties from the Kansas City area. I make a living working on the railroad….all the live long day (sorry I couldn’t resist). I enjoy spending as much of my free time as possible with my gorgeous wife and my two amazing twin daughters. I like to spend what little free time I have tinkering on DIY projects around the house, taking my canoe out fishing, and using my dog to pull our heavy twin stroller up hills, I mean…taking our boxer, Cody, for early morning runs around the neighborhood. I have an appreciation for traveling hacking, trying new beers, and nice looking lawns.
I like to be in control of my money. I am a firm believer that no one cares as much about my money as I do. And because I do not have any fancy personal finance credentials or certifications, I am learning how to best mange our money myself with an actionable plan. Many people use a financial adviser which is perfectly fine for them. Personally, I doubt most financial advisors always have the clients’ best interest in mind. Again, just think about this: Who do you think cares more about the money you have worked hard to earn and save? You or some old guy with hundreds of clients who gets paid on commission for the mutual funds he puts you in? Just saying….think about it.
My formal education did not follow the typical business or finance path but rather I have a Bachelors of Science in Mechanical Engineering and a Masters’ of Science in Management (Yes! I can finally put initials after my name on a business card). I have learned everything I know about money and personal finance from family, friends, books, and the good ol’ internet.
My personal finance goal for my family is to earn and save enough money that we would like to be in a position where we would have the option to work if we choose to do so. My wife and I both enjoy our current careers, but if we had the option to not go into work every morning we would likely spend our days with our family, pursuing our favorite hobbies, and volunteering our times to others. I have no doubt you will get to know me better as you browse through the articles. Thanks for stopping by!
I’ll leave you with some of my favorite quotes about money and life:
“Never regret anything, because at one point it was exactly what you wanted.”
“Too many people spend money they earned, to buy things they don’t want, to impress people that they don’t like.” –Will Rogers
“The art is not in making money, but in keeping it.” -Proverb
“An investment in knowledge pays the best interest.” -Benjamin Franklin
“What you do today, can improve all of your tomorrows” –Ralph Marston
“To laugh often and much; to win the respect of intelligent persons and the affection of children; to earn the appreciation of honest critics and endure the betrayal of false friends; to appreciate beauty; to find the best in others; to leave the world a bit better, whether by a healthy child, a garden patch or a redeemed social condition; to know even one life has breathed easier because you have lived—this is to have succeeded.” -Ralph Waldo Emerson
About Money and the Economy
What is money? What is the economy? Everyone knows these words but I would be willing to bet that a lot of us don’t really understand them as well as we think we do. I came across this great video by investing guru Ray Dalio that shows “the basic driving forces behind the economy, and explains why economic cycles occur by breaking down concepts such as credit, interest rates, leveraging and deleveraging.” Don’t worry, I never heard of Ray Dalio either before I started to take an interest in personal finance and investing. Ray Dalio is one of the most successful and profitable hedge fund managers of all time and is the founder of Bridgewater Associates. Just as a heads up, the video it 30 minutes long. But it is definitely worth your time whenever you can carve out a half an hour and watch it.
The video and description are from the site Economic Principles