Thursday, February 6, 2014

Interview Series: Money Life and More & Adventuring Dollars.

This is an guest post from the Personal Finance Blog Debt Discipline:

This is the fourth in a series of personal finance blogger interviews with fellow personal finance bloggers. Today’s guest is Lance Cothern from Money Life and More and Adventuring Dollars.  

Who is Lance Cothern?  
Lance: I like to think I'm a regular person, just like everyone else. Professionally, I am a corporate accountant and I am a licensed Certified Public Accountant (CPA) in the Commonwealth of Virginia. In my spare time, I run two blogs, Money Life and More and Adventuring Dollars. I'm married to my beautiful wife, Tori, and we have a dog, Daphne. No kids yet!  

Why did you start your blog?
Lance: I started my blog because I love personal finance and I wanted a platform to share my thoughts on the subject. I had been reading blogs for years and I finally decided to give it a whirl. It has been a blast and I'm very glad I started blogging!  

What are your favorite Blogs?
 Lance: I'm more of a nomad when it comes to blogs. I read whatever looks interesting. I've recently discovered Out Of Your Rut and Hull Financial Planning, both blogs which regularly have great content.  

When did you first become financially literate?  
Lance: I'd say I started in high school with my first job. I saved almost all of my earnings for college and was lucky enough to graduate debt free. My wife, on the other hand, graduated with over $80,000 of student loan debt. Thankfully, it is now almost all gone!  

What was the last item you regretted purchasing?  
Lance: I can't think of anything in particular that I've really regretted purchasing. In general I almost always regret it when I buy a cheap item rather than a quality item. I spend more money replacing it than if I would have just bought the quality item to begin with.

If you died today, would your family be OK?  
Lance: My wife and dog would be OK, but they wouldn't be able to retire today. We're only in our mid twenties though with no kids, so I think that's OK. My wife could pay the house off and worry about getting her life together and finding someone new to spend the rest of her life with without having to worry about money in the immediate future.  

What are you teaching (or will you teach) your kids about money?  
Lance: Oh man, that's so far away, but I hope to teach my kids a ton about money! I want them to know the value of a dollar (or probably a $20 bill by then) and how to manage their money to live their lives they way they want to live, not how American culture tells them how to live.  

What’s your dream job?  
Lance: My dream job would probably change constantly knowing me. Ideally, I know I'll have found my dream job when work doesn't feel like work and I'm excited to get the job done!  

What one thing do you wish more people would think about in their daily lives? (write in question) Lance: I wish people would think about living life how they want to live, not how culture dictates we should spend our lives. Don't think you have to have a fancier car than your neighbors if all you care about is getting from point A to point B. Don't feel like you have to climb the corporate ladder if that isn't what drives you. Make a plan that can support yourself and your family and live your life the way you want to live. You can't have everything, but you can have what you want most if you put your mind to it.

Lance Cothern blogs at Money Life and More and Adventuring Dollars when he isn't working or wandering around town. Lance and his wife, Tori, are almost done destroying over $80,000 of student loan debt which he has blogged about extensively on Money Life and More.

If interested in participating in a future interview, please contact me.

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