Episode 112: He Sold His “Hobby Blog” for $3 Million –  with Jim Wang

This post may contain affiliate links or links from our sponsors. Read our disclosure policy here.

My Guest on the Show…

In the blogging world, Jim Wang is one of the early pioneers turned blogging legend.

As a software engineer in 2005, Jim started blogging about how he set up his monthly budget, how he opened a retirement account, where he shopped for deals, and how he managed his everyday money.

It was his hobby.

Something he did on nights and weekends as a way for him to document everything he was doing financially while fulfilling a need for a hobby. His blog never made any money in the beginning because he was never trying to make money.

He just liked blogging.

However, over a few years of consistent posts on his blog, readers started catching on and over time his site began to grow.

And grow…and grow.

Then just five years later, a company offered Jim Wang $3 Million to buy his little “hobby blog” from him.

I of course needed to how this all happened, which is why I asked Jim to come on the show.

In this episode, Jim and I talk about…

  • Getting started
  • Going from hobby to business
  • Why relationships are still important (even online)
  • Consistent effort over time and how it related to Jim
  • Restarting – Jim eventually started a second blog from the ground up
  • On storytelling – facts tell and stories sell
  • And more…

**One More Thing From Jim

After we finished recording, Jim asked me to share these two videos with you. The first video is the very first video put out by Gary Vaynerchuck promoting his WineLibraryTV YouTube channel in 2006. The second one is Video #1,001 of WineLibaryTV. The point Jim is making here is this: Progress over Perfection. You don’t need to be perfect, you just simply need to START.

Video 1 of WineLibraryTV

Video 1001 of WineLibraryTV

Are you enjoying the podcast?

If you do, would you be willing to leave a review for the show here? The more reviews the podcast receives, the more people will learn about it!

The Money Peach Podcast is brought to you by my #1 online program for showing you how to budget, how much to save, how to manage your debt payoff, when to save for retirement, what to teach your kids about money, and how to build a legacy to last beyond your lifetime.

If you find yourself continuing to live paycheck-to-paycheck and wondering where all the money went at the end of the month, it’s time to finally make a positive change. Welcome to the class they forgot to teach you about money – Awesome Money Course.


Mentioned in this Episode

WalletHacks – Jim’s current blog (it’s amazing)

Show Notes


Not having to be the “expert” [7:10]

Why thing catch on [11:55]

Jim “reportedly” sells his blog for $3,000,000 (Forbes.com) [13:28]

It happens on nights and weekends – not overnight [17:55]

How did Jim set the value of his blog [22:41]

Starting over with a brand new blog [27:25]

Jim’s advice for anyone getting started [30:40]

Chris Peach Author 150x150

Chris Petrie

Chris (Peach) Petrie is a personal finance expert, money coach, speaker and podcaster.

In 2011, Chris and his family were exhausted from living paycheck-to-paycheck and facing a mountain of debt. They started going against the society standards of misbehaving with money and made the decision to take back control of their lives and money. Within seven months they paid off $52,000, started saving like crazy and began building real wealth.

The word spread fast and Chris started showing friends how to create a budget over dinner. Soon after he started showing their friends how to do the same and eventually Chris started teaching personal finance classes around the community. As the need for the classes grew, Chris launched Money Peach in 2015.

Money Peach was created to help everyday people remove the stress and fear of money by showing them how to save more, make more, and keep more of their money.

Chris Peach has been featured in places like Business Insider, The Huffington Post, Elite Daily, and CheddarTV.

When Chris isn’t at “work” he can be found at the Crossfit gym or riding on the fire truck — Chris is also a full-time firefighter in Phoenix, Arizona.

Leave a Reply

Your email address will not be published. Required fields are marked *

Want to save more money and pay off debt?

Great! Grab the free budget mini course where I will give you a budget and show you exactly how to use it! The same budget I used to pay off $52k in debt, save money and build wealth!



Scroll to Top