Episode 8: J.D. Roth of GetRichSlowly.org Joins Carl & Bill
Today’s episode featured J.D. Roth of GetRichSlowly.org. J.D. was kind enough to share his story about how he managed to change his spending habits after racking up a significant amount of debt. In 2004, J.D. discovered Your Money or Your Life and Total Money Makeover and started making changes in how he dealt with money. He wrote an article called Get Rich Slowly that eventually led to a blog by the same name in 2006 about his personal finance journey and how he was getting out of debt.
The concept of doing something difficult over time but that’s worth it in the long-term is something that we face as humans. As J.D. shared, the biggest thing was setting goals. He knew he had a problem, but didn’t know how to get out. Ultimately what turned things around for him was setting goals, like saving enough money for a new car.
Beyond debt reduction, J.D., Carl, and Bill discussed the role of financial advisors and the difficulty of finding someone you can trust. People ultimately want authentic advice from their financial advisors, not a sales pitch.
