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045R | The Journal

In this podcast we discuss our takeaways from Episode 45 with JD Roth of Get Rich Slowly, including the big news that he just purchased GRS back, as well as our frugal wins of the week and the elegance of simplicity.

Podcast Episode Summary

  • A review of Episode 45 with JD Roth from Get Rich Slowly and Money Boss
  • Jonathan’s frugal win of the week on purchasing a new stove/oven
  • What is the utility of Jonathan’s new oven over a standard oven?
  • Jonathan’s insourcing to install the oven himself
  • Brad’s frugal win of the week: Laura stained the deck on the back of the house
  • JD’s big news of buying back Get Rich Slowly
  • How JD’s story helped change the world for so many people and how much impact he has had on potentially millions of people
  • JD’s impact on Brad’s life with travel rewards
  • What a unique point in time to be able to start a blog for so little money and the positive impacts you can experience
  • The power of the blog is in the story of the blogger and that individual’s personality
  • JD’s concept of the internal locus of control and how you can direct your life
  • Don’t complain about the forces that are impacting your life – take control
  • JD’s concept of having to do the work and that there are no shortcuts
  • How strategy and cost-benefit analysis factors into your actions and goals
  • What’s not worth putting the work in for? This is as important strategy-wise as picking what you do want to spend your time on
  • Investment strategies of VTSAX versus other options, and Brad’s thoughts on the cost-benefit analysis of spending time trying to beat the market
  • Part of the strategy is determining where to put your time and effort in life and investing
  • It’s all about taking action in investing and life and how it separates successful vs. unsuccessful people
  • The elegance of simplicity in getting people to take action
  • A future roundtable with people of different opinions on investing
  • Voicemail from Melissa on how she “channeled her inner Laura” in saving time and money on cooking
  • Laura’s tips on how to cook more efficiently
  • Jonathan’s experiment with his first vegetarian meal
  • Itunes reviews and book giveaway
Listen to the full episode with JD Roth here. Links from the show: Books Mentioned in the Show:
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