Studenomics – Best of the Best Blogger Series

In the 41st edition of our popular Best of the Best Blogger series, we had the distinct pleasure of interviewing Martin Dasko from Studenomics.com.

Martin is a fairly recent college grad who majored in finance with an obscenely simple blogging philosophy … make finance fun. His primary demographic target is quite obviously college students and recent college grads, helping them to both make more money and keep more money.

As he so succinctly describes, Studenomics is quite simply “economic advice for students, provided by a student”. While the content of the site is most certainly germane to 18-24 year old students looking for financial advice, it’s broadly applicable to all consumers looking for great advice on everything from paying down debt to earning extra income, trading stocks and even advice on how to travel the world.

While Martin’s tongue-in-cheek style and informal tone make the site an easy read, don’t mistake his youth for misguided enthusiasm. A few of my favorite posts from Martin include “The WTF To Do After College Guide” and “Everything You Need To Know To Travel the World“.

His tips and advice are sound, time-tested financial principles that will carry the same weight 50 years from now as much as they will 50 days from now.

You can have anything that you want. You just can’t have everything that you want – MD.

Martin managed to buy a home at the ripe old age of 20, paid his way through college (graduated with no debt) and, oh yea, has managed to start several profitable businesses along the way … all before the age of 24. Not too shabby.

We sat down with Martin recently to talk about building wealth as a 20-something entrepreneur,  one-on-one coaching and the vagaries of being interviewed by Fox Business News.

Tell me about the genesis of Studenomics. Start from the very beginning.

I always found myself trying to save money and make more money. I’ve always been enamored with the idea of accumulating wealth. Then in 2007 I decided to take a full semester in the summer. As a result of this, I finished up my program at the time for December.

I had 9 months in between semesters. I wanted to do something. I thought I would do something revolutionary and start a personal finance site. Well little did I know, personal finance blogs have been around for years.It all started in November of 2008. I started off by writing about simple topics for college students. Now the blog has grown with me and I get a little more advanced.

You’re a fairly young guy who’s managed to build a solid reputation in the personal finance category in a relatively short amount of time. What are 2-3 of your best tips for aspiring personal finance bloggers looking to make a name for themselves?

My tips here are simple.

  1. Post consistently. Keep on hustling and writing. Don’t stop. Do research and provide refreshing content all of the time.
  2. Guest post. Write like an animal. Guest post all of the time.
  3. Keep on going. What else can you do?

You’ve appeared as a live guest on Fox Business News. Tell me about that.

I got an email from the producer about appearing on the show the next day. I thought it was a prank. Until the producer called me and verified it. I was totally nervous. What made it worse is that I was a satellite guest so I had to sit in front of a camera and talk to myself. I was on for only a few minutes and truthfully I don’t even know how it went because I never got to see a video of it.

You also provide one-on-one coaching as a service. What is the most common subject that people need coaching for?

Young people have trouble with motivation and getting started. We have so many fears and barriers from getting started. All you need is to get the ball rolling. Once you have momentum on your side you’re unstoppable. The trick is to get that ball started.

Where do you see yourself professionally in 10 years?

I honestly have no idea what the future holds. With technology evolving on an almost daily basis, I really don’t know where I’ll end up in ten years. I do know that I plan on working hard and growing with Studenomics. In terms of actual job, who knows?

How do you feel about the use of credit cards? Are they the root of all-evil?

Credit cards are not evil. I’ve been using a credit card for the past six years. The other day I just received my annual cash back rebate. So for me a credit card has helped me build my credit and I got some money back while doing so.If you’re not ready for it and want to own every expensive pair of shoes in the store, then yes a credit card is evil for you.

My special thanks goes out to MD once again for taking the time with us. Cheers to you and yours Martin!

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