Podcast: Unconventional Path to Becoming a Millionaire

by Millionaire Mommy Next Door on October 6, 2009

in About Me,Interviews

Recently, I responded to several questions posed by Flexo and Tom from Consumerism Commentary. They created a 21 minute podcast of our conversation. Here is a sampling of the content:

  • how I used apprenticeship programs as an alternative to formal schooling, to land a job, and then to hire my own employees
  • my motivation for becoming financially independent
  • how we purchased our first home
  • my decision to delay parenting
  • the somewhat “unconventional” financial steps I took that lead my husband and I across the millionaire threshold
  • why after 17 years of homeownership, we decided to become renters
  • a few of the ways I am raising our daughter using important life lessons I’ve learned

I think Flexo and Tom do a great job with their podcasts — so much so that I am considering hiring Tom to edit and polish some podcast material for my blog. As part of my book’s research, I am interviewing other first generation, self-made millionaires who are under the age of 55. I am recording these conversations. My intention is to include a variety of these financial success case studies and profiles to illustrate various principles in my book. Before I commit to the expense of creating podcasts, I want to know: Do you listen to and enjoy podcasts or do you prefer that I share these stories in written blog post format?

Which do you prefer: Reading a blog post or listening to a podcast?

View Results

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Please take a second to respond to the poll above, then head on over to Consumerism Commentary to listen to the podcast. I’d appreciate your feedback about this podcast — and your experience with podcasts in general — in the comments section. (Note: Email subscribers and RSS feed readers, you will need to click through to my blog to do so.) Thanks!

{ 17 comments… read them below or add one }

The Family CEO October 6, 2009 at 5:08 pm

I listened in and enjoyed it. Great interview!

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Erica Douglass October 6, 2009 at 6:02 pm

Hi — would love to do an interview with you for your book! Also, I like podcasts + transcripts. I don’t learn well from audio alone.

-Erica

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Millionaire Mommy Next Door October 6, 2009 at 6:09 pm

Thanks for your feedback!

Erica, you’ve been on my list to contact. I’ll send you an email.

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Lise October 6, 2009 at 7:44 pm

Maybe I’m old-fashioned, but I am just not as engaged by podcasts or video posts. It’s so much harder to go back and reference material, for one, and I don’t get to digest it at my own pace. Clearly it’s a format that works better for others, probably dependent on your learning style.

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Jan October 6, 2009 at 7:56 pm

I don’t have time to listen to podcasts.

Blogposts can be scanned quickly!

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Nikkijj October 6, 2009 at 9:34 pm

I listened to the podcast and really enjoyed it. However, I think I prefer to read blog posts. I think I’m a visual learner so my preference is to read and digest. I find it harder to absorb auditory information,

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Jana October 6, 2009 at 11:41 pm

I LOVE both…I subscribe to a few podcast that i download to my itunes and listen to them on the way to work or when I’m out walking – much better than TV or the Radio and fills my mind with greatness…loved your candid podcast and would enjoy a podcast probably as much as I do your blog!! :)

Always,
Jana…

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Little House October 7, 2009 at 8:52 am

As much as I enjoy watching videos on the web, since I really only have time to browse my favorite blogs in the wee hours of the morning, I’m not really able to listen to a pod-cast so early in the day. So, for me, reading a blog is much more doable.

Please keep posting, I love reading them-
Little House

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Gail October 7, 2009 at 1:24 pm

Love the blog. I am a visual learner also. Thanks for all you share.

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Viviene October 7, 2009 at 3:50 pm

Mmmm… Short podcasts are okay but if it would be longer, blog+audio would be good. I hope that would be helpful! =)

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Viviene October 7, 2009 at 4:15 pm

That was a good interview. I am learning a lot from you and I’ve been a follower of your blog since I bumped into it a few months ago. =)

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Glenn Dixon October 7, 2009 at 4:56 pm

I have a slew of podcasts that I follow regularly. I listen to them on my commute (which is fairly short nowadays) and for the 1 hour it takes to get ready for work in the morning. I also typically read your blog via an RSS reader. Both are available via my iPhone.

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deb October 7, 2009 at 5:17 pm

I want to say it depends on what I may be dealing with at the time. Sometimes I need the visual effect to understand the concept, and if Im reading, well my image of what is going on will be different from the next reader. So I have to go with both.

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Fashion Without Guilt October 8, 2009 at 7:30 am

This was a great interview. I learned so much from you. I am a 25 yr old trying to secure a good financial future. I read all of your post and think this was something that I needed to hear. I blog about affordable fashion and I want to take myself to the next level and the segment about apprenticeships really put everything in focus. I am now researching some fashion avenues in my area to see what my options are. And one last thing, you talking about going form homeownership to renting was great. I read something about that recently. The stigma of society tell you you have to buy a house it the “American Dream”. I am glad that you show that just because you are aganist the grain you have accomplished so much. Please keep up the great work, you truley inspire me.

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Steve October 8, 2009 at 1:07 pm

Loved this podcast :) It’s very inspiring to hear how you thought for yourself, did for yourself, and did not listen to the “concensus” opinions. I like also how you are raising your child. She’s a lucky girl :)

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Carolyn Elder February 3, 2010 at 1:37 pm

I chose a combination because I am not always available for the podcast time period. For the past two years I have enjoyed your emails. My savings has grown from an average $1,500 to $35,000. I have committed to saving a set amount but also some unexpected money has come my way which I have saved all of it. I think changing your mindset along with action and education has contributed to my money growth. My next step is to pay my mortgage off early. Any suggestions?

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Jeff Hung February 5, 2010 at 8:15 am

Podcasts take a bit too much time in today’s fast paced world :(

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