Since you’re here on Budgets Are Sexy (BAS), I know that you’re no dummy. You’re actually savvy and smart. There are millions of you that read BAS, so it’s a silly exercise to generalize, but I’m going to do it anyway. If I were to characterize the average BAS reader, I’d say that:
- You’re interested in money and personal finance: At the core, BAS is about money. Duh. Maybe you’ve struggled financially and stumbled across BAS from a Google search. Or, you found BAS from a media mention. In any case, you’re here to learn and better your financial life. Good on you!
- You have character: Most financial thought leaders look like this:
Did you ever think you’d be taking financial advice from someone who looks like J$? Me either.
- You’re unconventional: I’ve always enjoyed BAS because it’s different. Money can be the most boring thing ever. Is talking about compound interest or savings accounts fun? Of course not. BAS makes money fun and interesting. Where else can you read about cults and rich garbage collectors?
I like unconventional. I also like underdogs, so let’s talk about some other sites that I enjoy that you may not have read yet.
Financial Underdogs & Resources
If you read BAS, you most likely read some of the other big blogs. If you’re a Financial Independence junkie, you read Mr. Money Mustache. If real estate is your game, you’re probably a member of BiggerPockets. If you’re old school, perhaps you’ve been reading Get Rich Slowly from the start. While those are all more than worthy, today I’d like to introduce you to others that I enjoy.
And I’ve always liked to root for the underdog. It’s just more fun. Maybe that’s why I’m a Chicago Bears fan instead of the New England Patriots? Or maybe I just enjoy pain. (Hey, stop laughing at me!)
Investing 101 (jlcollinsnh)
The number one question I get is this:
How do you invest in the markets?
The answer is simple:
Low-cost index funds.
Not so fast. This is one of those funny cases when the question is much more complicated than the answer. Are you confused yet? Jim Collins excellent Stock Series explains it all. If you prefer paper, pick up his book: The Simple Path to Wealth.
Financial Wizardry (Mad Fientist)
The second most frequent question that I get is this:
How do you retire early if all of your money is in pre-tax accounts like 401(k)s?
Luckily, this question has an easy answer too. The Mad Fientist explains it all in this post called How to Access Retirement Funds Early. And the Mad Fientist has lots of other great content including:
- How to use a Health Savings Account as a Retirement Account
- Traditional versus Roth IRAs
- And who could forget about the Mega Backdoor Roth
ChooseFI is a newer podcast that I greatly enjoy. Despite being fresh on the scene, Brad and Jonathan sound like seasoned pros. Episode 21 (The Pillars of FI) and 36 (The Why of FI) are particularly good. And if you just can’t get enough of me, here I am again on Episode 14 discussing the Phases of FI.
Real Estate (Coach Carson)
I first met Chad (Coach) Carson at a blogger conference a couple of years ago and was immediately impressed. Chad is a smart guy (Rhodes Scholar finalist), real estate entrepreneur and a genuinely thoughtful person. Also, we both studied Biology, so I finally know someone who I can talk about the Tricarboxylic Acid Cycle with. Geek alert!
Chad’s passion in life is teaching and he offers a free course about getting started in real estate investing. I can’t think of a better resource if you’re interested in real estate. He also offers a paid course when you’re ready to dive into the weeds.
Entrepreneurship (PopUp Business School)
I read a comment on a recent post here that made me sad:
I think it’s real cute that you think living on $40K/year is frugal. Do you have any idea how that sounds to people living on less than $25K/year with no hope of employment?
I didn’t like the attitude behind this comment because I know that everyone has the potential to earn money and live a wonderful life. It isn’t always easy to discover what you were born to do, but when you find it, sometimes it’s hard not to make money.
I recently met an incredible person who helps people from all walks of life with their entrepreneurial dreams. His name is Alan Donegan and he’s one of the founders of the PopUp Business School. In his PopUp course, Alan and his team teach folks how to start businesses with little to no money.
And Alan provides this course for free. There is no up-sell on a future course. Alan funds his school through grants and corporate sponsors.
While PopUp is mostly in the U.K., he’ll be running his first PopUp School Business School in the United States this month in Colorado (sorry, all filled up) and there will be more to follow. To learn more about Alan and PopUp Business School, listen to his interviews on Mad Fientist and ChooseFI.
High Earners (Physician on FIRE and Biglaw Investor)
The Physician on FIRE is an anesthesiologist ($$$$$), but lives a modest life in Midwestern America. I’ve met him a couple times and he’s just a regular guy who happens to be a doctor. Oh, and he’s a gifted writer and philanthropist.
I also recently met the BigLaw Investor in NYC. Biglaw is an interesting guy who writes about personal finance from the viewpoint of an attorney. Just like the rest of us, lawyers make financial mistakes too. Also, did you know that lawyers make up just 8% of the millionaires in the United States?
I enjoy Physician on FIRE and Biglaw Investor because they show what money management looks like from a perspective that most don’t normally see.
Book (Set for Life by Scott Trench)
I met Scott Trench a couple years ago and was immediately impressed. One of the first questions he asked me was this:
What books have you read recently?
Anyone who likes to read is a friend of mine.
[FYI: If you haven’t checked out Rockstar Finance’s new Book Directory they just put together, take a look when you’re done reading this: Personal Finance Book Directory. They just released a full report on it as well, which you can find here that’s powered by 200 bloggers in the space.]
After I rattled off some of my recent reads, I asked Scott the same question. He mentioned a bunch of brainy books which I added to my list.
And that’s not all. At 27, Scott is Vice-President at BiggerPockets, the real estate investing social network that I mentioned at the beginning of the post.
Scott’s own Set for Life is one of the great books that I’ve read recently. Scott’s book is a blueprint for millennials that want to achieve financial freedom. Every college graduate I know is getting this book as a graduation present.
Killer Writing and Amazing Insights (Morgan Housel)
I have no idea how I started reading Morgan Housel, but I’m thankful that I did. Morgan is smart, creative and one of the most gifted writers who I’ve had the good fortune to read. Want a hilarious take on the financial media? Read his Honest Business News Update. Here is why time to think is so critically important (Charlie Munger, one of the greatest investors and thinkers of our time, agrees):
I insist on a lot of time being spent, almost every day, to just sit and think.
Update! (Forgive my stupid male Neanderthal brain)
More than a couple folks have pointed out that this list is comprised of males. Males only. Like a bad fraternity or the audience of a Jim Carrey movie. Doh!
I didn’t mean it. Blame deep biases and my Neanderthal brain. Here are some excellent female bloggers that deserve no less attention than any of the folks already in this list:
- Frugalwoods: I was going to include the Frugalwoods in this post; I haven’t found a better writer than Mrs. Frugalwoods. Plus, her husband hooked me up with some really good beer. I left the Frugalwoods out of the original version because their blog is already massive. Plus, I didn’t want to offend Frugal Hound by calling her an underdog.
- Broke Millennial: I’ve know Erin from almost the start of my blogging career (2013!). While most blogs fizzle out after a couple months, Erin’s career has grown. It’s surreal to see your friends on TV. And, she just wrote an excellent book.
- Our Next Life: Mrs. ONL produces amazing content. Enough said.
It may not be right to call any of these folks underdogs. The Mad Fientist produces one of the top financial independence podcasts. Morgan Housel was a columnist for the Wall Street Journal. However, these creators are so good that I can’t help but mention them. They’ve all improved my life in one way or another.
How about you? Do you have any favorites that you feel deserve more recognition? Let us know in the comments so everyone can see!