Personal Finance Interview with Gary from The Dollar Stretcher
Name: Gary Foreman
Age: 54
Networth Range: Only my wife and the IRS know for sure.
Profession: Founder of The Dollar Stretcher.
Formerly a financial planner with Smith Barney and Raymond James.
Websites: TheDollarStretcher.com
Current Financial Strategy:
The same as it’s always been. Accumulate wealth on a steady, continual pace.
Best Financial Tip:
Don’t try to get rich quickly. You’re much more likely to end up getting poor quickly.
Worst Financial Move Ever:
A combination of greed and not doing sufficient homework before making an investment while I was in my 20’s
Financially, I need help with:
Good advice is always worthwhile. I seek it wherever I can find it.
What personal finance tools do you currently use to track and manage your money?
Quicken
What are the problems in your personal finance tools?
The tools are not posing any real problems. A lack of time to use everything that’s available to help manage money is the problem.
How would your ideal personal finance tool work?
It would have to be able to think the way I do. So we’re probably a few years away from that.
How much do you think you currently spend on eating out?
More than we should. But we both work long hours and neither one of us is particularly interested in cooking.
How often do you want to know about your personal finances?
I track them often enough to know that things are going according to plan. I’m not obsessive about it.
What is in my wallet?
Pictures of my lovely wife and family, some cash and membership cards.
Mint’s Note: The Dollar Stretcher is an excellent website for everyone that strives to “live better for less.” At the Stretcher, you’ll find an informative weekly personal finance newsletter that’s read by over 200,000 readers. Can’t miss article categories includes “Debt” and “One Income Family.” If you dig a bit further, you’ll also find an active personal finance community. If you’re interested in living better… for less, you should definitely consider subscribing to The Dollar Stretcher’s weekly newsletters!
The Dollar Stretcher has a lot of great information but I wish they would clean it up a bit. It’s really full of a lot of advertisements. I’m sure they can keep all of them, just clean it up and make it look more modern like Mint.
I totally agree with saving steadily to build wealth. I’m reading Smart Women Finish Rich right now and it’s a great book that goes into detail about that.
Good comment as always Misti. It’s most likely because their site is focused on content and the newsletter (plus it’s been around forever too). You’ll find that the newsletter has a very simple and easy to read layout. Content > design, as people always say.
Gary’s best tip of: “Don’t try to get rich quickly. You’re much more likely to end up getting poor quickly.” is also great too. Lately, I can relate more and more to people’s advice of not being too greedy while young (as one of my investment starts to deteriorate).
Will check that book out and maybe add it to train wreck submission give away list.
Nice interview!
I also agree with Gary’s best tip “Don’t try to get rich quickly. You’re much more likely to end up getting poor quickly”.
I look forward to seeing more interviews at this blog.
[...] Personal Finance Interview with the Founder of The Dollar Stretcher [...]
Gary’s site is amazing…so many good tips. I’m off for the summer and my goal is to make my money work for me…and my talents. Thanks for the efforts in informing the naive masses>>>We had no idea!
Hi Nicole, I’m glad you enjoy Gary’s site. Please check back as we will continue to highlight other interesting people and their respective sites.