BABL 066: Kyle Taylor on The Rise of The Penny Hoarder

Kyle is all about the little things in life — hence the name of his uber-successful blog The Penny Hoarder. But don’t let the name fool you, Kyle has more than hoarded pennies, he’s clocked big dollars writing blogs and creating a site that is seen by nearly 8 million unique visitors a month! Kyle’s financial background started with his Mom giving him the reins to do the grocery shopping as a teen, a task he took on with gusto, getting the family grocery bill down to around $30 per week by stacking coupons. They did crazy contests like seeing how low they could get the utility bill — every day checking the meter to see if they beat the day before. In essence, his mom was teaching valuable lessons despite tough economics at home. While Kyle was a political science major in college, he’d drop out of school every time a politician got him fired up and work until they were either elected or not. As political jobs don’t pay a great deal, Kyle was always looking for additional money and one of his jobs was as a beer auditor. His job was to try and ‘catch’ people selling beer without checking IDs. (The benefit of which was keeping the beer that he bought with the company’s money!) He started The Penny Hoarder Blog to share some of his experiences around saving and making money. What started as a simple blog hosted on a yahoo blog type site, ThePennyHoarder.com is now a full-fledged business with over a dozen employees at their headquarters in St. Petersburg, Florida. Black Friday and Cyber Monday are sort of the holy grail holidays for retailers and those looking for the best deals. Kyle used to go buy black friday deals en masse and then turn around and sell those deals on Ebay in December, sometimes making tens of thousands of dollars. This year, you won’t see him standing in line, but instead working hard all weekend helping people find the best deals possible from their Penny Hoarder offices. Stay tuned for some behind the scenes videos of the Thanksgiving weekend at Penny Hoarder on Instagram and Periscope. Kyle has built a successful business doing what he loves to do. His build a bigger life philosophy is finding something that you love to do and it never feels like work. Companies have even approached Kyle to buy the business and so far, but so far he’s not dealing. Books Kyle Recommends: Contagious Books by Tim Ferris Books by Jonah Ferretti Find more from Kyle at www.ThePennyHoarder.com, sign up for the newsletter, and check out their instagram account for behind the scenes photos!