A few months ago, I reached out to podcaster Joshua Sheats about my Junior IRA idea. For those of you who aren’t familiar with him, Joshua has been in the podcast business since 2013. The name of his podcast is Radical Personal Finance (RPF).
RPF is all about financial freedom. In Joshua’s own words, he is “dedicated to giving you both the information and the actionable inspiration you need to significantly improve your life and lifestyle.”
Mrs. Groovy and I are big fans of Joshua and RPF. And one of the reasons why is because Joshua isn’t afraid to get a little “radical.” He loves exploring unconventional routes to financial freedom. In March, for instance, he interviewed a husband and wife who live in a bus with their seven children! Joshua is also not above giving a platform to a small, largely unknown blogger, providing that blogger has an interesting story or idea.
Well, to make a long story short, Joshua thought my journey toward financial independence and my Junior IRA idea were worthy of an interview. The show with me and Mrs. Groovy came out yesterday. Here’s the link.
All in all, I think it went pretty well. My New York accent is rough. It didn’t sound as bad as I thought it was going to sound, but it’s definitely not for the faint of heart. And Mrs. Groovy, who comes on at the end, handled herself very well. She’s much better at this interview thingy than I am.
The one thing I screwed up badly during the interview was our monthly expenses in New York. Joshua was exploring how Mrs. Groovy and I used geoarbitrage to dramatically reduce our cost-of-living, and I told him that our monthly expenses in New York in 2006 were between $6,500 and $6,800. This was wrong. Those numbers represented our monthly take-home pay. Our monthly expenses were actually between $4,500 and $4,800. But even though the New York expense numbers I gave Joshua were wrong, the point I was making about geoarbitrage is still valid. When we moved to North Carolina, our monthly expenses dropped to around $2,200. So geoarbitrage cut our cost-of-living in half, not the two-thirds I mistakenly told Joshua.
Okay, groovy freedomists, that’s all I got. If you want to hear what Mrs. Groovy and I sound like, you now have your chance. I think you’ll get a kick out of my noo yawk accent, and I think you’ll enjoy the interview. Joshua is a fabulous host/interviewer (thank you, Joshua!).
P.S. If you do happen to listen to the podcast, I’d love to hear your thoughts. Cheers.