Passing The Torch with Martin Foster

#98 - Joseph Rutakangwa- Never Stay Broke: Practical Steps to Financial Freedom

• Martin Foster / Joseph Rutakangwa • Season 1 • Episode 98

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In this conversation, Joseph Rutakangwa shares his journey from wealth to extreme poverty and back, emphasizing the importance of self-identity, fulfillment, and practical actions to regain control over one's life. 

He discusses his books, 'Never Stay Broke' and 'Negative to Zero', and how they reflect his experiences and insights on personal development. 

Rutakangwa encourages listeners to create their own vision and identity, and to accept their true desires in order to find fulfillment and success.

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Quick Episode Summary:

Joseph Rutakangwa shares practical advice on resilience, identity, and fulfillment.
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SEO Description:

Explore Joseph Rutakangwa’s inspiring journey from wealth to poverty and back on Passing The Torch. Learn practical steps to regain control and Never Stay Broke.

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🌟 Torch Takeaways:

  • Writing Negative to Zero during the pandemic as a way to find awareness and heal after struggle
  • How making donuts with his mom helped his family climb out of poverty
  • The power of separating identity from circumstance and creating your own self-image
  • Why helping others—especially family—creates lasting fulfillment
  • Practical strategies for moving forward when life doesn’t go as planned
  • The one piece of wisdom he’d share to help the next generation “carry the torch” forward

Whether you’re facing a setback, craving purpose, or wondering what’s next, Joseph’s story will inspire you to take real steps—no matter how small—toward a life you can be proud of.

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Chapters:

00:00 Negative to Zero: Transformation

04:59 Overcoming Fear, Embracing Action

08:36 Practical Actions for Uncertainty

12:15 Peace, Health, Wealth Prioritized

14:57 Advice to My Younger Self

18:59 Dreams Define Reality

22:11 Doughnuts from Food for 50

26:49 Parental Fall and Self-Identity

27:25 Heroic Resilience Through Hardship

30:29 Dignity Through Service

35:02 Embracing Growth and Contentment

37:48 Self-Perception Shapes Your Life

40:36 Grateful for Thoughtful Questions

Connect with Passing The Torch: Facebook and IG: @torchmartin

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Episode 41: Lee Ellis – Freeing You From Bond That Make You Insecure

Episode 81: Kurt Warner – Perseverance, Humility, and Lighting the Way

Episode 90: Michelle 'MACE' Curran – How to Turn Fear into Fuel


In this conversation, Joseph Rutakangwa shares his journey from wealth to extreme poverty and back, emphasizing the importance of self-identity, fulfillment, and practical actions to regain control over one's life. 

He discusses his books, 'Never Stay Broke' and 'Negative to Zero', and how they reflect his experiences and insights on personal development. 

Rutakangwa encourages listeners to create their own vision and identity, and to accept their true desires in order to find fulfillment and success.

-

Quick Episode Summary:

Joseph Rutakangwa shares practical advice on resilience, identity, and fulfillment.
-

SEO Description:

Explore Joseph Rutakangwa’s inspiring journey from wealth to poverty and back on Passing The Torch. Learn practical steps to regain control and Never Stay Broke.

-

🌟 Torch Takeaways:

  • Writing Negative to Zero during the pandemic as a way to find awareness and heal after struggle
  • How making donuts with his mom helped his family climb out of poverty
  • The power of separating identity from circumstance and creating your own self-image
  • Why helping others—especially family—creates lasting fulfillment
  • Practical strategies for moving forward when life doesn’t go as planned
  • The one piece of wisdom he’d share to help the next generation “carry the torch” forward

Whether you’re facing a setback, craving purpose, or wondering what’s next, Joseph’s story will inspire you to take real steps—no matter how small—toward a life you can be proud of.

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Joseph's Resources:

➡︎ Website: https://www.rutakangwa.com/

➡︎ Instagram: https://www.instagram.com/jrutakangwa/

➡︎ Linkedin: https://www.linkedin.com/in/joseph-rutakangwa/

➡︎ YT: https://www.youtube.com/c/JosephRutakangwa

➡︎ Book – Never Stay Broke: Because Motivation Alone Won’t Pay the Bills: https://amzn.to/4hizdeH

➡︎ Book – Negative to Zero: https://amzn.to/4hsXnTJ 

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Chapters:

00:00 Negative to Zero: Transformation

04:59 Overcoming Fear, Embracing Action

08:36 Practical Actions for Uncertainty

12:15 Peace, Health, Wealth Prioritized

14:57 Advice to My Younger Self

18:59 Dreams Define Reality

22:11 Doughnuts from Food for 50

26:49 Parental Fall and Self-Identity

27:25 Heroic Resilience Through Hardship

30:29 Dignity Through Service

35:02 Embracing Growth and Contentment

37:48 Self-Perception Shapes Your Life

40:36 Grateful for Thoughtful Questions

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Full Podcast Summary: "Passing The Torch" – Joseph Rutakangwa

In this insightful episode, host Martin Foster sits down with Joseph Rutakangwa, author of Never Stay Broke and Negative to Zero. Joseph shares his compelling journey, shaped by early childhood wealth, a dramatic family decline into poverty, and a remarkable climb back to success. Drawing from personal experience, he explains how these challenges informed his philosophies in both life and his books.

The conversation explores the origins of Joseph’s writing, highlighting how the pandemic prompted him to pursue lifelong dreams and creative expression. He contrasts his two books—Negative to Zero, which is philosophical and focuses on self-awareness, and Never Stay Broke, which is practical and action-oriented, offering real steps to escape financial stagnancy.

Martin prompts Joseph to reflect on how his six-year-old self would view his accomplishments. Joseph reveals that he lives to make each version of his younger self proud, citing achievements like running a tech company, making music, appearing in a movie, and most meaningfully, retiring his mother and supporting his siblings’ education.

The episode dives deep into the emotional burden of losing wealth and control, with Joseph sharing how separating one’s identity from material status was key to regaining agency. He credits his mother’s resourcefulness and belief in dignity—regardless of external circumstances—as foundational to his resilience and entrepreneurial spirit.

Throughout, Joseph stresses the value of contentment, inner peace, and defining personal wealth as enjoying life with loved ones. He offers practical advice for those feeling stuck, encouraging listeners to accept what they truly want and to hold steadfast to a vision of themselves, despite external setbacks.

The episode closes with Joseph’s powerful message for the next generation: accept your true desires, embrace them boldly, and don’t let societal expectations deter you from your path.

Key Themes:

  • Turning adversity into growth and movement
  • The importance of practical steps, not just mindset
  • Defining identity from within, not by circumstances
  • Resilience, resourcefulness, and family support
  • Embracing one’s true passions and desires

This episode is a must-listen for anyone searching for grounded, actionable advice on overcoming tough setbacks and building a fulfilling life.

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I appreciate all of you. - MF