211: Darrow Kirkpatrick, Millionaire Next Door

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 10 August 2015

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re kicking off ‘Millionaire Next Door Week’ on So Money today. We’ve been revving up for this spectacular week for some time, I’ve been enlisting your help to either nominate yourself or people you know and excited to say that we received many more entries than we could record for this first week…But perhaps we’ll do a second week later in the fall. So many nuggets of wisdom to share… Our first guest is Darrow Kirkpatrick, the author of Retiring Sooner: How to Accelerate your Financial Independence and who runs the blog Can I Retire Yet? And the answer for Darrow, at least is, YES. He, in fact retired when he was 50 years old with over a million in the bank. You wouldn’t really know…He has a modest home, rides his bike most places…And when I visited at his home a few years ago on a story for Yahoo News, I don't recall seeing a TV in his living room. Darrow graduated from the University of Virginia with a degree in Civil Engineering. He started and sold his own business…After 29 years of programming, designing and managing computer software, Darrow was able to retire at the ripe age of 50. How did he do it? Well we’ll discuss this in the show momentarily but he attributes a lot of his financial success to good ol’ hard work, frugality, serious saving and certain investing strategies. Patience helped along the way, too. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money in the Money in the Nore next Door, Darrow Kirk Patrick.
0:05.0	You're listening to So Money,
0:08.0	with award-winning Money Guru Farnu Farnu Shtorabi.
0:11.0	Each day, get a 30 minute dose of financial inspiration from the world's top business minds, authors, influencers, and from Farnuosh herself.
0:20.0	Looking for ways to save on gas or double your double coupons?
0:24.0	Sorry, you're in the wrong place.
0:26.0	Seeking profound ways to live a richer, happier life.
0:29.0	Welcome to So Money everyone. I'm your host
0:37.2	Farnoosh Terabi. It's a special week as I've been teasing for
0:41.0	several weeks now. We have millionaires next door and I'm so
0:45.7	excited to unleash these five next interviews this week. This is something that I
0:51.2	have enlisted your help for over the last several weeks asking you to either nominate yourself if you're a millionaire next door or someone you know who has a net worth of a million dollars or more and lives in a way that doesn't necessarily
1:05.0	allude to the fact that they are quote-unquote millionaires because as we
1:08.8	know stereotypically millionaires have big houses big cars cars, take lots of vacations, expensive vacations, buy
1:16.2	fancy things, designer this, designer that.
1:19.5	But there are several millionaires in this country who got to where they are thanks to hard work,
1:26.1	thanks to saving diligently, being very selective about how they allocate their dollars and investing for the long run.
1:36.0	It's generally not a sexy story.
1:38.6	I'll be honest, some of the stories this week you're going to hear and there's not a lot of fancy this or
1:44.5	sexy that it's but they are true stories of how real Americans have made over a
1:51.5	million dollars rather quickly too.
1:54.4	Some of these people are going to hear from retired in their 30s.
	...

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