What I’ve Learned from Interviewing 500 Millionaires -- with Jaime Masters of Eventual Millionaire

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 24 June 2019

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

#200: Nine years ago, I had no idea that personal finance blogs existed. Then, as I was flipping through an issue of Kiplinger magazine, I came across an article about a woman who paid off $70,000 in debt in 16 months. Her name was Jaime, she lived in Maine, and she earned 3x her husband’s income. He made $30,000 per year; she made $100,000. They wanted to have a baby, and she wanted to stay at home for the first year, but their debt load made this impossible. She aggressively went into debt-crushing-mode, working 70 hour weeks while 7 months pregnant in order to tackle their debt. She started a blog (and later a podcast), Eventual Millionaire, to track her journey and interview millionaires. This article made me aware of the existence of personal finance blogs. I immediately thought, “I want one.” The following year, I started my own site, Afford Anything. Like Eventual Millionaire, it later became a podcast, as well. Today, we’re celebrating Episode 200 of the Afford Anything podcast. And so it feels fitting that the special guest for Episode 200 should be the woman whose story inspired the creation of this platform, Jaime Masters. For more information, visit the show notes at http://affordanything.com/episode200 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.
0:10.8	Every decision in your life is a trade-off against something else.
0:14.1	And that doesn't just supply to your money, that applies to your time, your focus, your
0:17.5	energy, your attention.
0:18.5	It applies to anything in your life that's a limited resource.
0:22.1	This leads to two questions.
0:23.6	Number one, what's most important to you?
0:25.6	Not what society say ought to be, but what actually matters most in your life is it travel
0:29.6	is it family, is it switching careers, is it starting a business, what is that dream
0:34.0	that you want to go after even if that means making unusual cuts in other areas?
0:39.2	So that's the first question and the second question is, how do you actually make daily
0:42.9	decisions that reflect that?
0:45.6	Answering these two questions is a lifetime practice and that is what this podcast is here
0:48.6	to explore.
0:49.6	My name is Paula Pant, I am the host of the Afford Anything Podcast and this is episode
0:54.7	200.
0:56.7	For our episode 200 special, I have invited a very special guest to join me.
1:03.4	There's a little bit of backstory here.
1:05.0	In 2010, I was flipping through Kipling Your Personal Finance magazine and I came across
1:10.3	this article about a woman by the name of Jamie Tardi.
1:14.4	She lived in Maine and she and her then husband had just paid off $70,000 of debt.
1:21.2	The article in Kipling Her talked about how the process of doing so, the process of
	...

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