J.D. Roth is a personal finance writer, speaker and entrepreneur who is best known for creating Get Rich Slowly an award winning blog where he shares his insights and advice on debt elimination, practical investing and saving money. While J.D. went on to sell the popular site, he continues to share his experiences and expertise at JDRoth.com as well as contributes to prominent publications such as Entrepreneur Magazine. J.D. is the creator of the Get Rich Slowly course and is the author of Your Money, The Missing Manual.
Create the greatest ‘profit’ possible in your personal life. Adjust spending and earning to create the greatest surplus possible. – J.D. Roth
The reality is that most side businesses will fail, won’t be profitable, if you financed your business with debt, you’ll be setting up your personal life with greater hardship. Do as much as you can to proceed from the position of strength. Operate your personal finance as if operating a business. Success Habit: “I write every day to stay sharp and stay focused.”
J.D.’s One Idea
J.D. had always wanted to be a writer. After reading the Millionaire Maker, he realized that he knows how to blog about getting rich slowly. He immediately sat down and started writing this idea for the website and started Get Rich Slowly. Soon after, he gained sponsors through Google AdSense.
Within 3 years J.D. was able to sell Get Rich Slowly for a great amount. He was there as their editor and primary writer but at the same time he received offers to write. He soon became a columnist for Entrepreneur, he also wrote the book, Your Money, The Missing Manual which then led to speaking gigs.
♦ Save 50% of your income. You’ll create a cash cushion.
♦ Look for big wins = housing (reduce spending on housing)
♦ Reduce transportation costs
♦ Increase your income
♦ Saving 5%, 10% is better than nothing at all
1 Move To Start A New Business
If they were to start another business today, they would concentrate on these areas:
- Learn the value of networking – connect with different people from all walks of life and connect them with people who might be of help to each other.
50 Success Classics by Tom Butler-Bowdon
Secret To Success
Being completely open and honest about who I am and telling my story.