The always-opinionated Tyler K. wrote this morning expressing something I’ve actually been thinking about myself. He said:
I wish more people would write about things they’re actually doing. I’m absolutely bored to tears lately with personal finance articles about which on line bank has the lowest interest rates, or which credit card has the most rewards points, or “here’s a list of N things that might be useful in some situation but is really just a filler post”.
I wish more people would write, “I did X, here’s how, and here’s why I think it turned out to be worthwhile or not.”
I think part of the problem is that, at a one-person blog at least, it’s very difficult to keep creating new articles about the things you’re doing. Eventually you’ve covered your entire life (or at least all you’re willing to share). So what do you do then? Close shop and go home?
My own solution has been to reduce my role around here and bring on additional writers. (My role has been pretty scant while I’ve been working on my book, but that’ll be over soon, so I should be able to have a more active voice.) Get Rich Slowly has featured guest writers since the very beginning, but now there are two staff writers to share their journeys. (And who knows? Maybe we’ll bring on more.)
But I’d like to do two things to supply more of this meaty content Tyler craves:
- First, I’m going to create a regular weekend slot for “reader stories”. These will generally be success stories, but they can be tales of woe, as well. If you’ve tried something with money and want to share it with GRS readers (whether you succeeded or not), this is the place to do it. I’m not going to edit these very heavily, but just let them stand as raw tales of how you folks manage money.
- At the same time, I’m going to search for great guest posts. If you want to contribute an article, drop me a line. But please note that I’m much more selective about guest posts than I used to be. I just don’t have the time to edit, so if your article needs work, I’m going to send it back to you. Also, GRS readers have made it clear they don’t like easy “lists of stuff”. That’s not to say you can’t do a list, but make it useful.
In both cases, I’m going to give preference to material with practical how-to advice: How to open an IRA, how to build your own clothesline, how I sold my used car, and so on. GRS readers love real-life stories. (For a great example of the sort of post I’m after, see G.E. Miller’s recent article about how he cut his Comcast cable bill by 33%.)
One final note: After years of posting about 12 items per week, I made a conscious decision this fall to reduce the number of articles on the site. This was partly because I knew I’d be spending all my time writing Your Money: The Missing Manual, but it’s also because I was getting a lot of e-mail asking me to reduce the pace to just a post a day. Turns out I like the slower pace (about 8 items per week). We seem to have better conversations.
But what do you think? That’s what’s important.
If you’d like to share a success story or a guest post, please drop me a line. I may be slow to respond, but rest assured I will see your e-mail. (And Tyler K.? Here’s your chance to put your money where your mouth is! I expect to see an article or two from you…)
This article is about Administration Monday, 21st December 2009 (by J.D. Roth)


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December 21st, 2009 at 2:18 pm
Great idea! Especially since I feel so bereft on Saturday when there’s no update.
One high quality post a day is much nicer than multiple posts that rehash old material (not that things can’t be rehashed with new insight every once and a while, but at some point it seems less fresh and more like Garfield complaining that it’s Monday again… if that analogy makes sense.)
I have really enjoyed the guest posts you’ve had, especially from people like April who have completely different life circumstances and different things to add. I also enjoy Motley fool posts and that guy traveling in New Zealand… all sorts of wonderful different perspectives that get a person thinking.
December 21st, 2009 at 2:39 pm
Let’s see…
How I paid off my car two-and -a-half years early.
How I threw a wedding for 100 guests for $2500.
How my wife and I can live on a single income.
How I ruined my credit and how a low credit score didn’t ruin my life.
There’s got to be more potential stories I’ve got than those, right?
Edit: Ooh, how I set no specific budget, don’t balance my checkbook, don’t keep receipts, and do alright anyway. That one I think might be fun.
December 21st, 2009 at 2:40 pm
Good idea, I’ll try to think of something to contribute as well. I for one cannot wait to see what Tyler comes up with.
December 21st, 2009 at 2:45 pm
Tyler are those supposed to be links?? I’m dying to know your experience with ruining your credit. I’m paranoid about mine, especially after watching the hurdles my hubby had to deal with while his score was in the mud. We were told over and over again that we couldn’t do X (rent an apartment, get a break on our car insurance, get a home loan, etc.) if it weren’t for my near-perfect score.
December 21st, 2009 at 2:48 pm
@E:
No, they’re not links, they’re just ideas for articles I could write, since apparently J.D. is calling me out to write something.
Maybe I will write up something about what I’ve done to my credit score, and if I do, maybe J.D. will decide to publish it.
December 21st, 2009 at 3:05 pm
Long time reader, first time commenter:
if you’re interested in nitty gritty stuff, I wrote a long post about how I manage things as a freelance writer/novelist on my blog about a month ago when a friend of mine asked for a copy of a spreadsheet I use to run things:
http://www.tobiasbuckell.com/2009/11/06/the-finances-of-freelancing-some-gritty-systems-details-for-the-geeky/
Best,
Tobias
December 21st, 2009 at 3:07 pm
That will be interesting if you get a lot of real life experiences from readers.
John DeFlumeri Jr
December 21st, 2009 at 3:08 pm
I am interested in your budget, Tyler.
I’ve noticed you and I approach the same thing from opposite directions. Ever see the movie “He said/she said” with Kevin Bacon? maybe we could collaborate and both write about the same thing. We could really illustrate the “do what works for you” mantra.
December 21st, 2009 at 3:14 pm
If someone has everything already figured out, GRS may not be the best site for them to frequent.
I think many people are wary to share their stories knowing how ideas can be shredded by the commentors sometimes. (I am thinking back to how much flack J.D. got over choosing to use less hot chocolate mix!)
December 21st, 2009 at 3:19 pm
I liked having more articles per week.
December 21st, 2009 at 3:23 pm
I think a mix of how-to posts, success stories and some less-personal “list” or “general approach” articles is a great approach. I love variety personally, and I think most people feel the same way. In my opinion, I find that an average of around one post per day is great.
By the way, I have a guest post that is almost complete. I’ll be shooting it your way very soon, J.D. Thanks!
December 21st, 2009 at 3:25 pm
@JD - I forgot to ask above, but is there any specific format or file type you’d like for the reader submissions that would make it easier for you to handle?
December 21st, 2009 at 3:25 pm
I think I do everything like Tyler, except I’ve never ruined my credit score as far as I know (and I’m super careful about spelling “all right” as two words, thank you Mrs. Abrams). I still enjoy frequenting this site because it is fascinating how other people do things and very thought provoking. I think we lazy folks who do ok anyway are in the minority though.
And the wedding would have cost less, but my father insisted on buying about 1K worth of champagne.
December 21st, 2009 at 3:29 pm
@ Shara, love your idea. Shara & Tyler, head to head.
December 21st, 2009 at 3:49 pm
Don’t worry, E. I won’t throw anything.
JD - I liked more articles, but the format is your own. My reasonable ideal for a week would be: four to five articles by JD (I partially read because I like YOUR style), 2 articles from each staff writer, and 3 ‘discuss among yourselves’ posts like ‘ask the reader’.
So about 10 posts (not including Monday’s radio post).
December 21st, 2009 at 3:57 pm
I think the change is good from 12 to 8. It helps folks like myself keep up with all the new content before it’s already been replaced with a new article in a matter of hours.
December 21st, 2009 at 4:00 pm
I sometimes go over to the forum section to see what GRS readers are trying to do, or have done, etc. I don’t check that often, because there doesn’t seem to be a great deal there, which suprises me. Perhaps even if there are people that are not comfortable having you share their story on the blog itself, maybe they would at least be comfortable sharing it over in the forum?
I get a lot out of the how to articles. Specific, concrete examples are what I like to ready many times. It is good to have a “bird’s eye view” if you were, but there are many things where details - no matter how anal they may seem - is very helpful. Plus, having people with a variety of backgrounds and situations is wonderful.
JD - I am in the camp that I would have one well written article to read a day, than a bunch a week.
December 21st, 2009 at 4:08 pm
I’m glad to hear that you’ll be adding opportunities for new voices.
April and Baker are doing some articles about families with children, but I’d love to read more — especially about school-aged children. I also enjoy reading Yoder and Sons in the Wall Street Journal, but Steve Yoder’s sons are teenagers and older.
I might try something. We’ll see what the new year brings, employment-wise.
December 21st, 2009 at 4:29 pm
@Nicole:
The one-word spelling alright appeared some 75 years after “all right” itself had reappeared from a 400-year-long absence. Since the early 20th century some critics have insisted “alright” is wrong, but it has its defenders and its users. It is less frequent than “all right” but remains in common use especially in journalistic and business publications. It is quite common in fictional dialogue, and is used occasionally in other writing .
-Webster’s
December 21st, 2009 at 4:45 pm
I like one post a day. Sometimes multiple posts get lost, and then I forget to go back.
@Sherry-there are a ton of questions posted on the forums. I’m not sure what you’re looking for, but ask some of your own, and the people would love to answer. *wink*
Keep up the good work, JD and guest posters.
December 21st, 2009 at 4:54 pm
@Tyler
Given that a blog reply is informal writing, I will bow to Merriam Webster and grant you this use. However, the nonstandard version should not appear in formal edited work (you know, according to Random House’s dictionary). So be careful when sending your draft to JD!
Man… I wanted to link to a grammar nazi comic from Queen of Wands here, but all three of them have the F word (and this seems like a family-friendly site).
December 21st, 2009 at 5:06 pm
My favorite grammatical faux pas is shouldn’t've. I read it in a book and wanted very badly for it to be legal. But my English teacher informed me that it wasn’t. *sigh*
December 21st, 2009 at 5:20 pm
i could write an article on how to buy your first car with an interest rate of 28%. oh, yes i could.
thank goodness that was 25 years ago and i think i’ve emotionally overcome that event.
December 21st, 2009 at 5:31 pm
I definitely prefer the current pace of article posting. I enjoy reading the post during lunch and then going through the comments. The comments are often very interesting, but with too many posts, I lose time for the comments and, therefore, lose that insight.
I would like to know how to pick a mortgage lender. I understand different types of mortgages, points, blah blah, but I don’t know which lender to pick. Can I get pre-qualified through a number of lenders? I know that most lenders charge some non-significant fees for pre-approval, so I assume that you want to be sure of your lender before you apply for pre-approval, but how do I know where to apply since I don’t know yet what rate I would qualify for? Also, I would like home-buying info that is particular to a condo. For example, do I really need a buyer’s agent and lawyer if I’m buying new? If I am a lawyer (but not specializing in residential real state)? Do I need to get a “home inspection” of a new unit? How do I pick who will “close” the loan? Thanks.
Update: Okay, so I just found your post from May, which is helpful, but some of my questions above remain, particularly being specific to condos. Thanks!
http://www.getrichslowly.org/blog/2009/05/15/ask-the-readers-how-do-you-choose-a-mortgage-broker/
December 21st, 2009 at 5:38 pm
Oops. I should have noted it he post that there’s not particular required format for guest articles. Anything common is fine.
That being said, I *vastly* prefer a text file or, better yet, raw HTML. If you know what that means, great. If not, don’t sweat it.
December 21st, 2009 at 6:52 pm
I agree many of the blogs (I’m not pointing out any blog in particular) are somewhat boring.
I vote for FS from Financial Samurai to guest post on GRS:
http://www.financialsamurai.com/
I’ve also put in my submission to guest post.
December 21st, 2009 at 7:54 pm
Hi J.D., are you still looking for a guest post on security concerns of Mint or any online financial tool?
December 21st, 2009 at 8:28 pm
I’ve got a story that may be of interest: How I cut 16 years off my mortgage in one hour!
December 21st, 2009 at 10:42 pm
That’s interesting… and the reason I began my website. My story is simple… everyday investment and stock advice to make a difference for the average investor.
December 21st, 2009 at 10:56 pm
I could write articles on the following:
- How I bought my car with cash.
- How I paid off my student loan in 6 months.
- How I paid off my mortgage in 3 years and 10 months–and raised many, many eyebrows.
- How I plan on achieving Freedom 45.
But they’d be pretty short and boring posts.
December 22nd, 2009 at 3:06 am
i would be really interested in anything about paying mortgages and student loan debts off quickly as the former is something i’m about to embark on (currently saving the biggest deposit i can, with a view to buying next year) and the latter is something i’m carrying with me.
anything non-us centric is nice for a change (says a britisher)
and anything about single people? being financially astute is even harder when you just have the one income! (though, you do only have one person to worry about, so perhaps its swings and roundabouts…)
i don’t think i have anything particularly useful to share but i will try to come up with something! great idea J.D.
December 22nd, 2009 at 5:33 am
I’m interested in whatever you (and the guest writers) bring up generally.
However, I think maybe having a question/answer blog once in a while would be a good thing.
December 22nd, 2009 at 6:47 am
Another vote for Tyler K.’s budgeting post. Can we just schedule that for next week, then?
December 22nd, 2009 at 6:57 am
I could tell how to have a wedding with 150+ guests for $1000 — key tip would be to have it and the reception at a church that doesn’t allow alcohol to be served
I’d be interested in stories about how to stay frugal once you’ve paid off debt and have all the security accounts funded (emergency fund, retirement, college, home, new car fund …) and continue to save some amount. I’m interested in others’ thought processes as they decided what rate of savings was enough, for example.
A lot of commentary I see from readers here is about saving heavily so they can retire early to travel or to do their dream job. But what about those who plan to keep working and are seeking a reasonable balance of enjoyment now and security later? That sounds good to me, but it dosen’t provide the strong motivating force like getting out of debt does. I’d love to hear others’ perspectives on this.
December 22nd, 2009 at 7:08 am
I think there’s a kind of natural lifecycle to these blogs, where you’re making a lot of changes to your life and it’s exciting to watch, and then everything kind of calms down and solidifies - the guest writers are a great solution to that.
I like the relationship posts & I’d love to hear your wife’s view of some of these changes. And I like the investing/saving how-to’s as well, that’s the real reason I read PF blogs.
Other story ideas:
*how out are you to friends/family about spending limits?
*how do your parents feel? Our parents - despite being VERY frugal people - are always pressuring us to spend more money. It’s very weird.
*accepting help, offering help - being on either end of this is weird and hard, and I’m seeing it right now because I’m the only one of my siblings with any money for Christmas.
December 22nd, 2009 at 7:33 am
My husband and I would be willing to write a post about our experience owning and managing a residential rental property.
December 22nd, 2009 at 7:50 am
I paid off my student loan debt, my only debt besides my mortgage, in early December. I have to say, though, that I am very adverse to debt. Knowing that I have any kind of debt is a source of constant worry and I obsess about it.
How did I pay off my student loan?
1. I payed more than the minimum payment.
2. Frequently crunching the numbers and seeing how much interest (Just over $5,000) I would pay over the life of the loan was a big motivator.
3. Finally when I just could not stand seeing the line item on my budget sheet anymore I took some of the money set aside for a long-term goal (moving) and applied it toward the entire loan. According to my calculations, I’m still on track to meet that long term goal.
Once I paid it off I felt that a huge weight had been lifted off me. Now I have time to obsess about other things like how much sooner I can reach the target amount in my relocation account.
December 22nd, 2009 at 8:12 am
Yep, most “how I paid off X super early” goes something like, “I make more money than you ever will, and I started spending only twice as much as you do and threw all the extra at my loan.” My favorite parts of those stories is when they show the magic. Not just “I paid myself first and magically never missed that money.” There was something you’re spending less on. What was it?
Otherwise, I love, love, love this idea of people explaining actual things they did.
And I don’t care how many posts you have. I want you to have the number of posts that you most like having so that you will stay happy and keep having good posts.
December 22nd, 2009 at 8:44 am
There is a lot of ‘anti-debt’ discussions on PF blogs…but I think debt is a financial tool like any other. We have used debt consistently(and I think fairly wisely) over the past 15 years to build our net worth.
We’ve used debt and our home equity to start businesses, buy houses to renovate and sell, to collateralize our portion of the business we bought (with partners)seven years ago, and, this past year, to increase our exposure to stocks.
I would love to hear from others how they have used debt to create wealth.
Continued success with the blog, JD–and I’m looking forward to hearing from Tyler!
December 22nd, 2009 at 8:45 am
JD - I wrote you an email about this about a month ago and would like to reiterate - I would love to see profiles of people’s financial situation - both good and bad, rich and poor. For example, I would like to see Jenzer’s profile (mentioned above). That person also apparently has residential rental property. I do too. All of my property is mortgaged, but all cash flows. Deep down, we all like to compare ourselves to the Joneses, for good or bad. I am 31 y/o, and owe $575,000. Scary? Maybe to some, but not to me.
December 22nd, 2009 at 8:47 am
@Idk: Debt most definately can create wealth. I don’t like all of these blogs that say have no debt. Consumer debt that doesn’t generate any income, most definitely! Unfortunately most don’t differentiate from investing and consumer debt. It should also go without saying too much leverage and you are in trouble.
December 22nd, 2009 at 9:04 am
JD - This will hold true for the next six months, right? Because then I’ll share the horrible tale of moving three cars from Arkansas to Washington… Without going for broke.
(Looking into it so far has been extremely stressful for me, to say the least.)
December 22nd, 2009 at 9:29 am
@Foxie:
They’re cars. Are they street legal? Drive them. That’s what they’re for. I once drove from California to Florida by myself. It took four days but didn’t cost very much.
December 22nd, 2009 at 9:46 am
another vote for the current lower posting rate — I love to read the comments (the ratio of interesting to not on GRS may be higher than on any of the other blogs I read!) but some posts garner A LOT of comments, and then it’s really hard to find the time to read them all, more posts would just compound that problem.
December 22nd, 2009 at 10:07 am
JD,
I believe Tyler K. has pointed out one of the fundamental deficiencies of a blog, and I don’t think you can address it by coming up with stories other than your own. Instead of people getting bored with your stories, I would just get bored of everybody else’s stories. (Not that your stories are boring, just that I’ve been here long enough that I’m seeing some repetition.)
What I propose is that you augment your blog with a reference section or a coaching section. You have posted a lot of useful information over the years, but if I every want to go back and find something useful, I find text searches cumbersome. (I find text searches or tags only work well if you know what you’re looking for. When you’re learning, you often don’t know what you don’t know.) So a large section of reference pages that organizes the information and tips would be great to augment your material.
For example, you could have a series of pages in your reference section that go over the exact topic you have been posting on recently: the core tenets of GRS. You could have a section on Roth IRAs. You could have a section on lifestyle inflation. Each section should offer step-by-step practical advice on dealing with each issue.
Furthermore, I would suggest you don’t need to be the primary author for these reference pages. Something more along the lines of a wiki would probably be more efficient and also engage your readership.
Once this reference section has built up to a significant mass, you could use the blog to highlight interesting areas and ways to use the reference.
Thanks,
squished18
December 22nd, 2009 at 10:25 am
From a reader’s standpoint, I tend to prefer fewer posts on a weekly basis because I am unable to read the blogs I follow every day. I’m much more likely to comment on a post if it’s only a day or two old because I enjoy feeling like part of an active conversation rather than a tacked on voice in the room after everyone else has gone home.
Thanks for the opportunity to share my opinion! I think your ideas for guest posts and reader opinions is a good one. I hope you attract great writers.
December 22nd, 2009 at 12:14 pm
The reason finance is boring is because you do the same things over and over to be sucessful at it.
Money management takes discipline, I pay my bills on the 15th and the 30th of every month. I have split my mortgage payment in half so I pay half on the 15th and half on the 30th, this gives me more liquidity during the month. I also take advantage of auto pay through my bank so the whole payment comes out on the 14th, this gives me the opportunity to earn as much interest on my money as I can. It also helps me to stay one step ahead.
I use my check register faithfully and I know exactly how much money I have at any given time. However, I don’t rely on what the check register says I rely on my own knowledge of what I’ve paid out. Writing everything down gives me peace of mind that I haven’t forgotten to pay a bill. Bills are usually the same each month, if you know what you owe you will have a better handle on paying it right. Timely payments affect your credit score in a positive way.
December 22nd, 2009 at 12:14 pm
Well, I know Tyler has visited my site, so this link isn’t for him but for your other readers who are interested in reading about what people are doing, thinking, feeling about life, money, minimalism, going Green, saving/spending, goals, motivation, failure, life and living.
My story is something like this: I have a list of 100 life goals that I work towards accomplishing while maintaining a balanced budget. Goals include Wandering the Great Wall, Scuba Diving at the Great Barrier Reef, Backpacking Across Europe.
If this sounds like your sort of blog, check it out:
http://www.hundredgoals.com
One of my goals for 2010 is to have a monthly Guest Post hosted at another blog, so maybe this invitation will allow an opportunity to share my story with more GRS readers!
December 22nd, 2009 at 1:07 pm
Hi JD,
I could write a story on how to host a great garage sale.
~Megan
December 22nd, 2009 at 3:00 pm
I’ve never commented, but how about once a week adding on an “ask the readers” post?
It might be interesting?
December 23rd, 2009 at 6:29 am
I’m a first time commenter but an avid reader.
I’m a 25 year old with a 30 year mortgage. Bills get paid on time but I’m struggling to set money aside for savings. I would love to get feed back from others on maintaining good saving habits. Each month I find something I want to work on for my house but each month that takes away from adding to my savings account.
A discussion over the wants of today versus the needs of tomorrow would be interesting.
December 26th, 2009 at 1:04 pm
I’m a little older than many GRS readers, so my financial focus is a litle different, even if the struggle for balance remains the same for all of us.
I agree with JD’s attitude that it shouldn’t always be pinching pennies. It should be okay to spend what you can afford to on whatever brings you pleasure.
The trick is to keep it affordable and pleasureful.
December 26th, 2009 at 1:27 pm
I’ll step up and submit a post on where I’m at… 15 months ago, I had a bad stroke. I spent 3 months in hospitals and came home just before Christmas 2008. So I’m about a year into my new life.
I have therapies 4 days a week to get me better and my goal is to be back to normal, whatever “normal” is, by the 18 month anniversary of the stroke.
So I guess you could say that right now my job is rehab…
Cheers,
Craig
December 27th, 2009 at 9:25 pm
My life has changed financially this year when my husband decided to stop sharing his money and his bank account with me. As both of us working we used to put our money together from both our salaries into the shared account. it wasn’t working well because other than paying for mortgage we have nothing left by the end of the month. My husband think it me who spent it all so he decided that he want to manage his own money and I manage mine. I thought it was awful at first but believe it or not it turned out to be the best thing that ever happen me. Within half a year on my own i learned to live on budget, manage to have savings, live below the mean and writing down everything i spend, which i havn’t done before. at the end of the month each month now i have a savings money, emergency money and at the same time it encourage me to work harder in making and earning more money because my husband is a main provider for family, he make 8 times more money than me. So i was just thinking that if something happen to him, this comfortable lifestyle will be gone so I kindda know in the back of my mind that if i am not start saving and being smart with money, and if there is something happen to my husnband who mainly provide us with all the comfort in life (house, household, children education, etc) then we would be in a really bad shape financially. my kids might have to drop out from good school and we could lost th ehouse and etc. so I decided to live frugal and more aware of the flow of money. the website get rich slow really help me manage my money. I am now pay myself first I live on a budget I shop (grocery shopping) on and sometime below the budget I cook more creative I also write everything down daily about what I earn or spend I can afford luxury things for kids and husband sometime (within my budget) without feeling guilty because i set budget aside for it and also i become more happy person in financial management. I wish i could learn more in money and smart investment. to me this is great already, a good start for year2010
January 4th, 2010 at 6:46 am
Hi J.D. -
I’ve followed your blog for sometime now and I really enjoy it. I’m interested in contributing guest articles. I’ve worked for 18 years in the financial aid field, at a medium sized, public university. I enjoy writing and think that I could provide a practical, “how-to” approach on any number of topics, to include: how to apply for financial aid, tips/tricks for completing the aid application, where to look for scholarships, taking on debt for a college education, how to work with a financial aid office, how to save for college, etc.
Thanks, in advance, for your consideration!
Brent