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Afford Anything

How I Paid off $500,000 in Credit Card Debt, Then Launched a Company With $35 Million in Annual Revenue — with Rand Fishkin

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 28 September 2022

⏱️ 67 minutes

🧾️ Download transcript

Summary

#404: When Rand Fishkin was 25 years old, he carried $500,000 in credit card debt. Less than a decade later, Rand was the Founder and CEO of a company that grossed $35 million in annual revenue. In this episode, Rand shares the story of hitting his financial rock-bottom and making the ultimate comeback. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:11.6

Every choice that you make is a trade-off against something else and that doesn't just

0:14.8

apply to your money.

0:15.9

That applies to your time, your focus, your energy, your attention to any limited resource

0:22.2

that you need to manage and allocate.

0:24.6

Saying yes to something implicitly carries trade-offs.

0:28.1

Everything comes with an opportunity cost and that opens up two questions.

0:32.2

First, what matters most?

0:34.0

And second, how do you align your decisions accordingly?

0:38.7

Answering these two questions is a lifetime practice and that's what this podcast is here

0:43.5

to explore and facilitate.

0:45.6

My name is Paula Pant.

0:46.6

I'm the host of the Affordable Care Foundation.

0:48.9

During the month of September, we do something different than what we typically do throughout

0:54.4

the year. We pull four episodes from our vault of more than 400 episodes that we've produced

1:02.0

and share them with you to highlight some of our favorite interviews.

1:07.0

And we theme these around the acronym FIRE, FIRE, F for Financial Psychology, I for

1:14.3

Investing, R for Real Estate, and E for Entrepreneurship.

1:19.3

We've played FIRE in the previous three weeks today in honor of the letter E. We share

1:25.5

with you our interview with Rand Fishkin.

1:29.8

When Rand was 25, he carried half a million dollars in debt.

1:35.9

By the time he turned 35, he was the founder and CEO of a company that grossed 35 million

...

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