Welcome to my new guest series where I invite fellow bloggers to write about their blog, how they make money from it and share their top tips and success stories. I would like to give a warm welcome to Kyle, from Financial Wolves, to tell me about his blog.

Please tell me about your blog and why you started to blog about money

My name is Kyle and I run a finance and side hustle blog called Financial Wolves. First, I started the site because I’m a total nerd when it comes to money. I love learning new strategies, implementing them and helping others along the way.

Second, I started Financial Wolves because I wanted to share my message that side hustles can be very impactful when it comes to improving your personal financial situation. It took me about 7 years to save $250,000 into my retirement accounts.  But, with blogging, I’ve made that from scaling blogs as side hustle in the past year alone. All part-time.

So, theme for Financial Wolves is not about prying on “sheep” to win. It’s actually quite different. It’s about creating your own path to financial success through passions, entrepreneurship and a little hustle. Wolves create their own path to get where they want to go. They don’t simply wait for things to come to them.

What was your first ever blog post?

My first blog past was just about a year ago. It was a simple post about how to make $200 per day. I’m a big believer of starting with small goals with your side hustle or income strategy. Then, working your way up the value chain. It will go a long way to building sustainable income success.

It’s an interesting blog that everyone can take something from. You have to start somewhere and playing the long game to get to where you want to be is something I firmly believe in.

What is your favourite / most popular post?

My personal favourite is my post about how I achieved 100,000 monthly pageviews in less than 6 months on my blog.

In there, I reflect the importance of not focusing on pageviews for your blog. It’s more about harvesting a real community and also targeting relevant content that builds to your ultimate conversion event.

I talk a lot about that in my free course on building an audience. Blogging has been my primary side hustle. I’ve tried a ton of other things but this works the best for me. I have a course that walk through the exact steps on what it takes to build a successful blog. I’m hoping to release the next version of it in August or September.

The closing line in your page views blog, “You never know where blogging will take you in life. Some of us need it to get away from the routine day-to-day life” resonated with me. 

Collaborating with others is another piece that struck a chord with me. You can achieve so much more by working with others than you can alone. 

You only get out what you put in, although it is time consuming in a way that nobody would believe.

Have you ever had a parking ticket? Was it deserved?

Yes, I’ve actually had one parking ticket. It was well-deserved. I met a few friends and parked my car for a bit. I completely lost track of time and went over on the allotted time. To be honest, I should have many more.

Fair enough. However, motorists are seen as easy pickings particularly in the UK by greedy and lazy local authorities and private parking operators, which is something I feel passionate about. It’s the injustice of it that riles me. That’s why I wrote a pocket guide book with a section on how to win pothole claims so motorists can fight back and balance the scales of justice.

What’s your biggest money failure?

It’s twofold. The first is committing the max allocation of money into my company stock for my retirement contributions. I felt like a genius at the time when the stock was on a roll. But eventually, the company went bankrupt and I lost a ton of money during massive bull market. This is when the opportunity cost of investing really hit home for me.

Secondly, it really is all about not investing in myself earlier. Over the past couple of years, I’ve spent a ton of time testing side hustles to help me increase my income. I learned what worked and didn’t work for me. I’ve learned a lot about a variety of things. Once you hit something that clicks, it can make a significant impact on your finances (and lifestyle). I graduated college thinking that the way to get rich was to work 80 hour weeks. Boy, was I wrong.

I developed a fun side hustle flowchart that helps others find their path to earning more money.

I have never believed in pensions. There are much better ways to make money, least of all on property. You never stop learning and it’s never too late to implement new strategies to get to where you want to be.

What’s your biggest money success?

My biggest money success was really biting the bullet early on retirement contributions and saving. It’s really now second nature to me now and is more habitual. But ever since I graduated college, I’ve been contributing the max amount of money to my retirement accounts. When your income increases over the years, you don’t have to increase your contributions! It’s sort of a one and done thing as any increase in income goes directly to you.

Interesting to hear that. Pound cost averaging with investing monthly contributions has worked well for me across a few stocks. My ISA is up by more than 20% during the worst global economic recession in our time. Perseverance is the key to success every time.

Do you ever complain to get redress and refunds if service or goods don’t come up to scratch?

It usually has to be a very bad product or something that is not relevant for me at all for me to ask for a refund. Generally, I try to know what I’m getting into before I buy. If I buy and the product ends up wasting more time from me, I’ll end up requesting a refund.

It’s all about the principle with me. I keep saying that we are just seen as a bunch of mugs in this country and there are a handful of retailers that I see ripping customers off and telling lies time and time again. 

Part of the problem is a lack of awareness of consumer rights, which retailers play on. It’s an injustice that I feel passionate about, which inspired me to write a book and blog so others can do what I do and seek redress by asserting their consumer rights.

Potholes and the state of the roads are the bane of our lives. Have you ever won a pothole claim? Do you know how easy it is?

No, I haven’t even tried. We have way too many.

You don’t say! Try living in Edinburgh. We drive on what’s left of the roads here and it’s beyond a joke. I took part in a pothole campaign last year with the Edinburgh Evening News to shine a spotlight on what is a shambles with advice for motorists. 

You have a 29% chance of winning a pothole claim here, yet I won my pothole claim with Edinburgh City Council within 4 weeks.

Which Moneyblogger(s) do you most admire and why?

I like the guys at DollarSprout.com both Ben and Jeff. They run a huge blog and have done a tremendous job of scaling their website. The design is awesome and they’ve been producing some pretty epic content.

There is plenty of inspiration to be found in the blogging sphere, without a doubt.

Where do you see yourself in 5 years’ time?

Hopefully, traveling the world and living on my own terms with my family. I love the concept of owning and running a full online business. It’s a great combination of entrepreneurship and a lifestyle business. 5 years from now, I’d like to be doing online blogging full-time.

That’s the beauty about it all – it can be done anywhere, any time. I’m sure it will work out for you – best of luck!

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