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Radical Personal Finance

230-How Being Debt-Free Enables Entrepreneurship: The Financial Journey of the Podcast Answer Man, Cliff Ravenscraft

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.41.9K Ratings

🗓️ 13 August 2015

⏱️ 127 minutes

🧾️ Download transcript

Summary

I love hearing entrepreneurship stories because they speak to me of people who clarify what they want and pursue it aggressively.

Vision is required for you to be willing to leave the bed of employment where things are comfortable and warm and pursue the rocky world of entrepreneurship.

The road isn't easy. But it can be easier if you will build a financial foundation underneath you before you launch.

My guest today is Cliff Ravenscraft, best known as the Podcast Answer Man. Cliff has an amazing entrepreneurial story and today I get to bring it to you in great detail.

Cliff openly shares where and how he started and the steps that he has taken to bring him to his current level of financial success.

Pay attention: he's experienced the joy of living on the $11,000 of profit he earned in his first year (not easy to live on that amount) and the joy of earning over $500,000 gross income last year.

Learn from his story.

Enjoy!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Today on Radical Personal Finance, I bring you an interview with the podcast Answerman himself, Cliff

0:04.4

Ravenscraft.

0:05.4

Listen to this show, even if you're not interested in podcasting, because it's not about

0:09.4

podcasting, it's about business, and it's about the personal financial preparations and the

0:17.4

commitment that over time can make a huge difference in your entrepreneurial journey. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets and I'm your host.

0:45.2

Thank you for being with me today. This is another interview from Podcast Movement.

0:49.6

I recorded a total of 16 while I was there so you can expect many weeks of interviews and this is a great one.

0:56.0

I really, really loved doing this interview.

0:59.0

So someone who's been a huge encouragement to me and a huge help as you'll hear in this interview today.

1:07.0

One of the things that I love to do is bring you stories of entrepreneurial

1:16.8

success, stories of lifestyle design and try to get behind the scenes a little bit

1:21.6

and dig in.

1:22.6

It's one of the cool things I think that we have the opportunity to do in this type of

1:25.7

long format media where we're not constrained to a three minute human interest segment on the

1:30.1

local news or on whatever the NPR, you know, seven minutes that NPR is able to devote to it.

1:35.2

Rather we can dig into things a little bit a little bit better and hear people's

1:39.2

stories and I've been looking forward and working to try to interview Cliff Ravenscraft for a while.

1:45.0

It happened perfectly and beautifully there in Texas for the podcast Movement Conference because

1:50.6

he has such a cool entrepreneurial story.

1:53.4

And I wanted to bring it to you how he went

1:55.7

from basically having a high paying career in insurance

2:00.3

to building his lifestyle business around podcasting,

...

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