Today we discuss JD Roth’s backstory behind his financial journey, Get Rich Slowly and Money Boss, plus JD’s philosophy AND a very special announcement…
Podcast Episode Summary
- A discussion with JD Roth from Money Boss and Get Rich Slowly
- How JD impacted Brad’s life and put him on the trajectory to becoming a travel rewards expert
- JD’s backstory and how he found the personal finance community
- JD started Get Rich Slowly to document his process to clawing out of $35,000 worth of consumer debt and becoming financially literate and successful
- JD started his ‘credit card habit’ in college
- Any actionable tips the audience could take away from JD earning a scholarship to college?
- JD focuses on being self-directed with an ‘internal locus of control’
- JD started a blog before the word blog even existed and started his first webpage in 1994 and his first web journal in 1997
- JD’s plan to get out of debt in 3 years and the article he wrote called ‘Get Rich Slowly’
- April 2006 was when Get Rich Slowly started
- JD was looking for a ‘magic bullet’ but quickly realized he needed to put in the effort and spend less money
- Dave Ramsey’s Debt Snowball and how it helped JD succeed psychologically
- JD as an ‘accidental personal finance expert’ and how that journey progressed
- The audience and community around Get Rich Slowly helped make it a great site and inclusive
- JD’s frustration with the thought that there’s a “right” way to go about things in the personal finance world
- Action is the number one thing that separates successful people according to JD
- The methodology behind financial independence according to JD: The Six Stages of Financial Freedom
- Your level of control increases as you progress down the path towards financial independence
- When JD personally progressed through the six stages
- How does JD spend his days and what is his philosophy?
- How JD sold his comic book collection and made $28,000 which funded their RV trip
- JD’s insight on the future of the financial independence movement
- Hot Seat Questions
- JD’s big announcement about Get Rich Slowly
Listen to Brad and Jonathan’s thoughts about this episode here.
Links from the show:
- Money Boss
- Get Rich Slowly
- The Six Stages of Financial Freedom
- The Shockingly Simple Math Behind Early Retirement
- My Comic Shop
- Fiery Millennials
- Fiverr
- Kottke.org
- Raptitude
- How to Build Confidence and Destroy Fear at Money Boss
- How to Be Happy and Lead a Meaningful Life at Money Boss
- JD’s Favorite Bar Mix from Amazon
- Laura’s Favorite Trail Mix from Amazon
Books Mentioned in the Show: