About Personal Finance Literacy
Personal Finance Literacy is a personal blog dedicated to sharing financial information I’ve learned through many years of real world experience and research.
Experience plays a major role in the topics I discuss:
- Credit and Credit Repair
- Business Building
- Personal Finances
- Saving and Investing
“My greatest hope is that you will get practical benefit from this website. I am really grateful for the passion and willingness I had to get the knowledge I needed to make things right for my family and me.
I played a dangerous financial game, and I got played. Then I got angry. Finally, I got educated. I’m still learning, too. I adjusted my plan, lost the unfruitful attitude, and documented what I learned. It’s been quite a journey.
Here, I share what I’ve learned.”
Since the mid-nineties, I’ve flipped a handful of houses for profit. I made money on all of them. Some more than others. My latest house sold in 2015 for a small profit. Today, in 2021, we’re busy buying a new house, and while it doesn’t need major work, I will be making improvements that should increase it’s value in the coming years.
Early on, I used credit cards to finance my flipping adventures. It wasn’t uncommon for me to burn through $10,000, $20,000 or even $45,000 on a single property for improvements. I did most of the improvements myself, but hired some things out that were either too big to tackle alone, or in some way beyond my ability.
I got myself into trouble in early 2008 when, after having built up a huge credit card debt, the housing bubble burst. I did manage to sell the house I was working on, but because of the debt I had, lost my “good credit standing” overnight and went from 7% average interest rates to well over 15%.
Banks were being bailed out, and I was being forced to help pay for it. My credit score took a deep dive and my monthly interest fees skyrocketed. My interest rates more than doubled, and I even had one account frozen.
The following years were difficult at best, but I went to school on everything about credit and debt.
While I may not have a financial degree, my credit score now hovers around 825. I’m debt-free, and I practice using credit wisely.
Thanks for stopping by!
I originally bought this domain in 2012, but struggled with the direction I should take it. Financial blogs can be tricky. It’s not easy to build trust in murky financial waters.
Deep down, I always knew I wanted to share the financial dilemmas I’d been through and the solutions I found. Armed with the hope of helping others avoid some of the same pitfalls, I forged ahead, come what may.
Originally, I just wrote a few information articles to get the ball rolling and so the site could be indexed by search engines. If you want to learn about the rule of 72 or small business financing, I shared that. If you’ve thought about investing in US Mint proof sets, I wrote a decent article about that too.
Or, you can just check out my recent posts.
Anyway, I’m glad you’re here.
I’ll be updating the site again as of this writing (March, 2021) over the next weeks and months. Feedback is always welcome and you can send me an email here if you’d like.
Comments and suggestions for the site are totally welcome, too.