In this episode, Doug and Carl talk to Joel Larsgaard from the How To Money Podcast. Here are a few highlights of our discussion:
Frugal versus cheap! Joel discusses a time when he went cheap and it didn’t garner him any fans
How Joel’s childhood (including a car repossession) shaped his money habits
Real estate investing (6 rentals with more on the way!)
Investing in stocks
Working for money legend Clark Howard
How To Money
Joel’s perfect day
Rich living on less money – How to Money
The Clark Howard Show: Podcasts Archives
Meet Joel Larsgaard
Joel Larsgaard is a guy who’s living out his dream life and wants to help you live yours, too. He has been in the personal finance and media space for many years. Before starting his own podcast, he worked with Clark Howard on his syndicated radio show, The Clark Howard Show.
Although Clark is now retired from radio, he still puts out a successful podcast, which talks about all things money-related and to empower consumers. And since parting ways with Clark, Joel now runs his own podcast, How to Money, with his best friend, Matt.
Joel and Matt love helping people take control of their finances and, of course, getting to work with each other. Working on the podcast with a half-mile commute each day to his best friend’s house (which he does on bike, of course), is a dream come true for him and gives him the freedom to enjoy life and spend time with his wife and kids.
We started out discussing the fine line between frugal and cheap. Joel told us a story about a time when he purchased some ceiling fans just because they were inexpensive. They were the wrong size and poor quality, and left Joel frustrated that he would spend more time and money in the long run – eventually having to replace them with ones that actually did the job. Frugal doesn’t always mean spending less money on things!
We then delved into Joel’s backstory with money. Like Carl, Joel grew up with parents who were not great with money. They spent money they believed they’d have as soon as Joel’s dad was promoted. But that promotion never came through, and Joel watched as his parents struggled to afford the things they needed and