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Afford Anything | Make Smart Money Choices

How to Stop Being Your Own Worst Enemy, with Clark Howard

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Investing, Entrepreneurship, Business

4.73.6K Ratings

🗓️ 17 October 2016

⏱️ 51 minutes

🧾️ Download transcript

Summary

#47: New York Times bestseller, radio and television personality, Clark Howard is known as a personal finance expert, that title doesn't tell the whole story. He started reading stock tables when he was in fifth grade. He began investing in real estate at the age of 22. He created his own travel agency business at the age of 25. And he became financially independent and retired at age 31. However, after four years of living on the beach, he was ready to get back to work. He wanted to help people take control of their money and, consequently, their lives. Clark believes that money is the result of the discipline you bring into your life. Unfortunately, most people want to take the path of least resistance when it comes to achieving their goals. That's why so many people fail. Clark says that the most common mistake he sees his listeners make is getting in their own way. People give up before they've started and play the victim. That's not the path to success - financial or otherwise. So, how can you stop standing in the way of your own success? In this episode, we cover that, as well as:     •    Clark's journey to financial independence     •    Why he chose to pursue this audacious goal     •    Why he felt ready to jump back into work after enjoying four years of retirement     •    Why we behave the way we do when it comes to achieving goals     •    What money means, and why it matters     •    How to control your reaction to the inevitable setbacks we experience in life     •    Why everyone must live beneath their means and spend less than they earn to achieve any financial goal     •    What the future of money holds There were so many takeaways in this episode, I couldn't list them all. Clark is brilliant and offers some amazing insights into the financial industry, as well as business lessons he's learned throughout his years of being an entrepreneur and managing teams. Enjoy! Resources Mentioned: Clark.com Podcast
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Transcript

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0:00.0

You can afford anything but not everything.

0:11.8

So what's important to you?

0:13.3

What decisions are you going to make and how will your life be impacted by those choices?

0:20.0

My name is Paula Pant, host of the Afford Anything Podcast, where we explore those questions

0:25.1

in depth through interviews with fascinating guests and today's guest delivers.

0:32.9

When Clark Howard was 25 years old, he started a company, a travel agency based in the

0:38.0

Metro Atlanta area.

0:40.0

By the time he was 31, he had grown that company large enough that he could sell it and retire

0:46.0

on the proceeds.

0:47.6

So he moved to a beach in Florida, became a beach bum, and basically planned to be retired

0:52.3

for the rest of his life.

0:53.3

He reached financial independence at an extremely early age.

0:58.5

But then he decided to come out of retirement in order to help people not get ripped off.

1:06.2

Yeah, he's considered a quote-unquote personal finance expert, but really his forte is as

1:13.2

a consumer advocate.

1:15.1

He is not shy about putting forth strongly worded opinions, both pro and con, about various

1:22.5

companies, products, and anything that would affect consumers.

1:26.6

He doesn't take personal product sponsorships or endorsements.

1:30.8

Clark has a lot of integrity, and that's one of the many reasons that I wanted to talk

1:35.1

to him in today's episode.

1:37.3

Yes, we talk about his personal journey, financial independence, but we go beyond that.

1:43.7

We talk about what money means, why it matters, and what's going to happen with the future

...

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