Top Finance Blog – Best of the Best Blogger Series

In the 49th edition of our Best of the Best Blogger series, we’ve got Mitch Mitchell from TopFinanceBlog.com. (For clarity’s sake, our Mitch Mitchell is NOT Jimi Hendrix’ former drummer.)

Mitch is one of those bloggers who actually stumbled into personal finance blogging, more or less. Being passionate about the topic and thinking it would be “cool” to own a financial site, Mitch purchased the blog from a prior owner and has been very active on the site ever since.

Not surprisingly, Mitch covers all-things finance related but he also covers topics that are curiously even more interesting, such as “20 of the Worst Jobs You Could Ever Have” and “Famous People Who Lost It All“, making the blog an interesting read over and above all of the personal finance related content.

His personal financial philosophy and outlook is straight forward and honest and his brevity is refreshing. He’s the owner of several businesses outside of his personal finance blogging exploits, including an online marketing company and consulting business. All in all, Mitch is one of the better, little-known personal finance bloggers whose content and blog posts I’ve really come to appreciate greatly.

We sat down with Mitch recently to talk about fiscal responsibility, paying attention to your finances and the difficulty of recruiting writers and advertisers as a blogger.

Tell me a little bit about the inspiration behind TopFinanceBlog.com.

Truthfully, it was a fluke that I ended up with the site. I saw it advertised on a forum and decided it would be kind of cool to have a financial site. The guy who had it only had a few articles on it, and I was always interested in financial things, so it seemed a great fit.

You cover a wide variety of tips for consumers to save money and pay down debt as well as advice on more generally related finance topics. In your opinion, what’s the most compelling personal finance topic that people should be paying attention to right now? (Such as government spending, consumer debt, entitlement programs, etc.)

People need to be paying attention to their money, so it comes down to ways to make money, save money, and protect their money. Everything else feeds off this particular thing, whether you start talking about health care, banking, insurance, etc.

Tell me about 2-3 of your favorite personal finance sites and what inspires you about them.

CNN Money is probably my favorite site, followed closely by Forbes. Both have a lot of stories by multiple reporters and cover a wide range of topics. They both also have a lot of articles that give tips along the type of thing I try to shoot for.

What’s your biggest challenge or obstacle competing in the personal finance space?

The main problem is that I don’t generate enough income from it to recruit both writers and more advertisers. Guest writers find me, and I do have some paid advertisers, and the site is ranked nicely for what it is, but there are some things I need to do to really make it take off, and unfortunately since this isn’t my only blog or career it has to move forward in increments.

What’s been the most gratifying about your blogging escapade? Most disappointing?

The most gratifying thing is that the blog continues to grow in traffic, thanks to the help of all the guest posters, who I keep a nice bit of control over. I wondered when I acquired this blog 3 1/2 years ago if I’d have enough to talk about. I do, but they help. The most disappointing is that the blog isn’t listed on many ranking sites for finance, though my stats compete with some of the blogs on those lists pretty well. I guess part of that is my fault for not submitting my blog; have to do a better job of that.

What’s your stance on credit cards? Useful tool or the root of all-evil?

I think they’re useful but, since almost no one learns fiscal responsibility in any classes in school, we’re not taught how to spend, calculate and pay bills. Some people know how to use credit cards to earn points, like my mother, whereas others see credit cards as a means to things they want rather than need. I don’t think they’re inherently evil, but without proper knowledge, they bring a lot of people down.

I’d like to thank Mitch for taking the time with us. I really appreciate the opportunity!

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