Every month for the past seven years, a former graphic designer in Washington D.C., has publicly shared his net worth, and the world has gotten to watch its ascent from $58,000 in February 2008 to $470,000, ever so close to a major milestone.
The mohawked man who goes by J. Money (a pseudonym he uses to mask his identity since the world knows his net worth) has hustled and blogged his way to wealth at his site, Budgets Are Sexy, which won FinCon Blog of the Year in 2012.
Over his lifetime, he’s worked 38 jobs, including totaled car washer and bowling alley attendant. And in the beginning of his journey with money, he went to extremes like trying to max out his 401(k) contributions so early in the year that his paychecks were $90 each. (As you’ll see, he had good reason.)
Plus, he’s been a big community builder in the world of personal finance blogging. “I remember when I was a first-time blogger,” says Cait Flanders of Blonde on a Budget, “and you start getting comments from J. Money, and you’re like, ‘Why does J. read my stuff?!’ Because he’s a big-league blogger in the personal finance community.” Flanders says he’s always sharing content from other bloggers. “He’d say, ‘Aw man, this person really made me think, you guys need to read this post.’ He knows he has this really big audience who are not just bloggers. Lots of people read his blog. So he started to share the wealth.”
Even with a name like J. Money, J.’s not all about the money. Find out why he decided to give himself a massive paycut — more than 50% — and how the biggest financial mistake of his life led him to his blogging success.
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