Debt Discipline // Financial Literacy Chronicles, No. 7

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aisle at bookstore with books to the ceiling and stacked on both sides of aisle

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Please welcome Brian from Debt Discipline as our guest for today’s Financial Literacy Chronicles.  This is Day 7 of 30 in the Financial Literacy Month interview series here on Enwealthen.

Please tell me a little bit about yourself and your blog.

I’m Brian and I blog at Debt Discipline.

I live with my lovely wife and three teenage children in New York.

We successfully paid off $109,000 worth of debt in 2014. I initially started my blog as a way for my family and I to stay accountable as we paid off our debt, and stay connected to the personal finance community.

Great minds discuss ideas; average minds discuss events; small minds discuss people.

As we increased our personal finance knowledge and got closer to being debt free, my focus shifted. I wanted everyone to know what I had learned about managing money. I began speaking locally, sharing our debt story and working with our high school promoting financial literacy.

Can you share your most impactful money memory from your childhood?

My parents did a good job of giving me the basics on how to management a bank account, including a checkbook, but never really offered any great insight on savings or investing.

It’s an area I later learned they struggled with too.

We all receive financial advice from people in our lives.  What’s the most interesting or useful financial advice you’ve received from your community?

I was never really open to financial advice from others.

My attitude was no one else was going to tell me how to manage MY money.

It was naive and foolish to think that way. That way of thinking help lead to our 100K of debt.

It wasn’t until I finally made a mindset change and began to educate myself on personal finance topics that I was open to advice from others.

I have several personal finance books I regularly give to friends and family.  What are your 3 favorite fundamental personal finance books you often gift to others?

Dave Ramsey’s A Total Money Makeover, Thomas J. Stanley’s The Millionaire Next Door, and Carl Richard’s One-Page Financial Plan.

During my speaking events I always giveaway at least one of these books.

What financial literacy education did you receive in school?  If you had a magic wand, what would you change to improve that?

Looking back, I wish I had some.

I’m not sure if my younger self would have followed it, but I would have like to at least been exposed to the knowledge and possible chose a different path than overspending for years.

There are so many blogs on the internet, what are 3 of your favorite blogs that instill financial literacy, either by word or action?

Fruclassity – Ruth and Laurie’s writing style really complements each other very well. They are just overall real nice down to earth people too.

Budget and the Beach – Tonya is just another down to earth person trying to figure it out, dealing with money and life.

1500 Days to freedom (interview) – Who doesn’t like dinosaurs? And the double comma club? I had the opportunity to meet Mr.1500, just your ordinary family man, millionaire on his way to FIRE.

I like to keep inspirational quotes around the house to remind me of what’s important.  Do you have a favorite money quote you use to inspire your financial life?

Not really money related, but one of my favorites.

“Great minds discuss ideas; average minds discuss events; small minds discuss people.” – Eleanor Roosevelt

How do you incorporate financial literacy in your parenting?

As a father of three teenagers, I believe it so important for my wife and I to prepare them as best as possible for their financial futures.

We have from a very early age involved them in our debt repayment, budget and overall financial discussions.

We want them to understand the things we know now in their late teens and early twenties. That it’s okay to talk money.

I’m excited to see their progress over the years and be ready and willing to help in any way I can.

Thanks for contributing to Financial Literacy Month here on Enwealthen, Brian!

Brian blogs at DebtDisipline.com to hold himself and family accountable as they climbed their way out of $109,000 worth of debt. Now debt free his goal is to help others, by spreading the financial literacy word through speaking and building financial wellness programs. You can find him on twitter and Pinterest.

Readers, please share your thoughts on Brian’s experiences, any additional questions you have, and suggestions for who else you’d like to see interviewed in the comments below.  And please do share this with your friends on Facebook, Twitter, and Pinterest.  Thanks!

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4 COMMENTS

  1. Thanks so much for the Fruclassity shout out, Brian – we’re honored!!! LOVE that quote from Eleanor Roosevelt, I’d never heard that one before. You guys are such an example to Rick and me – we really appreciate you sharing your experiences, thank you!

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