Erlend Peterson is the author of a few books on personal finance, including Money Changes Everything, the Challenge of Wealth, and the book we talk about in this interview, Rich By Choice. We discuss his methodology for building and preserving wealth, which includes a focus on the numbers, a doctrine to stop saving and start investing, and the seven basic steps in the financial planning process. Erlend speaks from experience - he's had his own personal finance successes and mistakes, which you'll hear about in the interview.
Erlend Peterson is the author of a few books on personal finance, including Money Changes Everything, the Challenge of Wealth, and the book we talk about in this interview, Rich By Choice. We discuss his methodology for building and preserving wealth, which includes a focus on the numbers, a doctrine to stop saving and start investing, and the seven basic steps in the financial planning process. Erlend speaks from experience - he's had his own personal finance successes and mistakes, which you'll hear about in the interview.
Janine Bolon is the author of several books on personal finance, including Money It's Not Just For Rich People and Ditching Debt. She frequently leads seminars on her principles regarding the flow of money. We touch on some of these principles in the interview, and cover some of her observations about how people relate to money in their lives. Janine is engaging and insightful, and I think you'll get something out of this interview.
My guest for this podcast is Michael Mihalik. He's the author of a new book, Debt Is Slavery.
Michael's story starts in a common way: he got his first credit card in high school, and soon started spending beyond his means. After college he got a good job, which led to a higher credit limit, allowing him to spend even more.
Much of what Michael bought with credit were things of no lasting value. He realized he was left mostly with debt, not things, and ultimately he felt enslaved by the debt.
Michael turned things around and found his way out of debt by achieving a mental shift in his view of money. He describes some of this experience in the interview, and gives us a preview of the 10 of the lessons about money that he learned. You can read them all in Debt is Slavery, and 9 Other Things I Wish My Dad had Taught Me About Money.
My interview in this podcast is with Rachel Kesel, a member and spokesperson of the compact. The compact started a little over a year ago as an informal challenge amongst a small group of friends to eliminate unnecessary purchases. They have recently received quite a bit of media attention, and thier group on Yahoo has grown to 7500 members. There is a strong environmental angle to their experiment, but in the interview we focus on the anti-consumerist perspective, and the interesting reactions they have received from friends and the media.
Sharon Harvey Rosenberg is a columnist for the Miami Herald, and she writes a personal finance blog called the Frugal Duchess. This dual role gives her exposure to 2 different audiences, and of course insight into the difference between blogging and the main stream media. In the interview we talk about vicarious frugality, and the person who inspired her to make smarter spending choices.
