Apparently people making money online are ruining the personal finance blogosphere
“We need to change the dialog and be inclusive.”
Fair point by Michael, a blogger who runs Your Money Geek and who recently wrote an article about how the collaboration of various high income bloggers are ruining the personal finance space.
Here are some of Michael’s points from his post and my takes.
It’s all about the money – for some
“The problem is, many bloggers have day jobs where they are pulling 6 figure plus salaries (good for them) and they’re saving a bunch of money (really good for them). Most of America doesn’t make 6 figure plus salaries.”
While true (including in Canada Michael, not everyone makes that much money) the reality is it’s not all about the money for some bloggers. Some people actually blog, not because of some small income it can provide, but because they actually enjoy it. I am one of those people.
I can assure you I understand the opportunity cost. I have full confidence if I wanted to make loads of extra money, I could be doing different things than to make $10 per hour running a (this) blog.
Sensationalism sells – and that demand is getting bigger
“Every day in America, real life people do amazing things on modest incomes. Not everyone wants to hit FIRE (financial independence retire early) at 45.”
This is where we agree. The masses love reading about success stories or massive failures but anything in between is not really news. But it never has been. We don’t really care about the average family. That’s boring. We don’t really care about day-to-day challenges. Who doesn’t have those? We care about extremes. People enjoy reading about extreme frugality – people living in vans for months on end. They enjoy following carefree, vagabond lifestyles roaming the earth and the seas. We are generally engaged with tales about different people doing different things for different cheapskate reasons. That’s interesting. This is nothing new. What’s new is our social media climate to follow these stories. It has made sharing these stories more readily available than ever before. (I wouldn’t be responding to your article if that wasn’t true.)
Facing your audience – why wouldn’t you?
“If you produce a blog, you have the right to produce the content you want and for the people you want to speak to.”
Yes, you do but…
I know the reasons I run this blog – and it’s not to “bump elbows with other web celebrities on Twitter.” I couldn’t care less. As I get older I expect to continue to mature and value more what’s really important in life. That includes having a great deal of empathy for others, and much, much more.
So, are people making money online from their blogs ruining the personal finance blogosphere?
Not from my perspective. I blog because I enjoy it. I’ll keep doing it as long as I do.