Afford Anything

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income

December 12, 2016By Paula Pant

#55: From Money Moron to Millionaire, with Scott Alan Turner

Scott Alan Turner - From Money Moron to Millionaire

Scott Alan Turner used to be a money moron. (In his words.)

He traded a Jeep for a Porsche in his 20s, purchased a 3,000 sq. ft. house with two mortgages, and bought luxury furniture on credit.

The Porsche cost him $800 per month. The house cost $200,000. The furniture? Who knows.

Scott didn’t have a budget and never tracked his spending. He only knew that he could afford the monthly payments on these luxuries … until one day he realized his mortgage was due in a few weeks.

And his bank account was rather empty.

And he didn’t have an emergency fund.

Oops.

Scott realized he was drowning in debt. So he decided to make a change.

He sold the Porsche and paid $6,500 cash for a truck.

He paid off his credit card.

He aggressively attacked the mortgage on his house.

Step-by-step, he made strides toward improving his financial future. After listening to Clark Howard on the radio, he realized it was important to free his money from the grip of debt and put it toward savings and retirement.

Once he got married, he sold his house and downsized to his wife’s town home. They then downsized to a 1,000 sq. ft. rented house, and downsized once more to a 300 sq. ft. bedroom with his in-laws.

Throughout all of this downsizing, Scott kept saving money. He eventually saved enough to become a millionaire at age 35. Today he writes and speaks about personal finance full-time. He hosts the Financial Rock Star podcast. And he’s stayed debt-free — including mortgage-free — since 2009.

How did he go from money moron – buying expensive cars and furniture – to disciplined saver?

He can answer that question in one word:

Contentment.

He doesn’t need to buy more, because he’s happy with what he already has.

Scott credits his frugality to feeling satisfied with his possessions, rather than running on a hedonistic treadmill of always wanting more.

While he still appreciates fine craftsmanship — a gorgeous house, a designer car — he realizes that he doesn’t need to own luxury items. He can appreciate art and design without making a purchase. He prioritizes spending on his values: more time with friends and family; more life experiences. He doesn’t spend to impress others, which is a losing game.

Discover Scott’s fascinating philosophy on the link between frugality and contentment (and learn from his money mistakes!) in this episode.

Enjoy!

— Paula

Resources Mentioned:

  • The Financial Rock Star Show
  • Scott’s Website
  • Clark Howard
    • Episode with Clark

I also want to take a moment to thank the sponsor for this episode.

If you’ve been listening for a while, you’ve heard me interview many best-selling authors. Before I interview these guests, I need to read or refresh my memory of their books.

Sitting down to physically read the books can take a long time. That’s why I listen to their audiobooks, thanks to my subscription to an audiobook service called Audible. If you want to give them a try for free, head to audible.com/trynow for a free 30-day trial.

Scott Alan Turner went from money moron to millionaire and retired at age 35. Find out how he achieved this awesome feat in just a few years.
#56: What Professional Poker Taught Me About Running a 7-Figure Business, with Billy Murphy
Next Newer Episode »
#54: Ask Paula - Automating Savings, Starting a Blog, Emergency Funds, Investing in Real Estate Confidently, and More
Next Older Episode »

Posted in: Episodes, Personal Finance 101Tagged in: financial independence

Most Popular

Inflation, Illustrated
How Much is Enough?
What if We Quit Setting Goals? (Seriously?)
The Incredible Power of 10x Thinking
  • Binge
  • Questions?
  • Contact
Join 70,000+ subscribers who get free email updates.

© 2021 Afford Anything. Designed By Wilnau Design. Built by Zach Swinehart. Disclosure

© Copyright 2011 – 2025 Afford Anything. All Rights Reserved.

Website by Zach Swinehart.

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income

Afford Anything

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income