73: Guest Interview - Robert Kiyosaki, "Rich Dad Poor Dad"
Today's guest interview features Robert Kiyosaki, the famous author of "Rich Dad Poor Dad." Robert discusses his investing mindset, the importance of continuing education, and the game of getting rich. He also unveils the assets in which he invests, and his view on debt. He shares what it takes to be successful and how failures can be turned into a success. Robert also talks about his new book, Fake: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class Poorer.
72: Net Worth of 500K - 31 Years Old, Journey to Financial Independence
Steve is 31 years old with a current net worth of 500K. He has 100K in home equity, 100K in the Vanguard index fund, VTSAX, 230K in retirement accounts, and about 40K total in educations savings accounts, cash, and a 529 plan. He and his wife (school teacher) have one child and spend about 50K per year; they currently save about 60K per year. Steve discusses how he was able to grow his income, how to work with your spouse on money, and the affect goal setting has had on his financial success.
71: Net Worth of 7.5M - No Index Funds; 70% in One Small Business
Taylor is a financial adviser and small business investor. He has opened/invested in an insurance company, consulting practice, and a healthcare provider. He discusses his portfolio allocation including the criteria used to invest in small businesses; he doesn't own any index or mutual funds. He also provides terrific advice on how to work with one's spouse on money and how being on the same page with investments and spending is essential.
70: Guest Interview - Brad From ChooseFI
Brad, co-host of the popular personal finance podcast, ChooseFI explains how the podcast got started and what it means to be "financially independent." He talks about intent, how much one needs to retire on a certain lifestyle, and how to get started toward financial independence. He also shares insights on his investment portfolio, health insurance advice for those who are retired or self employed, investing mistakes he's made, and tips for financial success.
69: Guest Interview - Thomas Stanley's Daughter, Sarah Fallaw, The Next Millionaire Next Door
Sarah Fallaw, co-author of the new book, The Next Millionaire Next Door, and daughter of Thomas Stanley, author of The Millionaire Next Door, shares insights and data from both the new book, her experiences, and her father. We discuss her recent millionaire studies including how millionaires spend and save their money, what cars they drive, their level of education, and income levels. She divulges how recent findings have differed from the original studies and provides terrific financial advice.