Welcome to Radical Personal Finance Show, dedicated providing you with the knowledge, skills, insight and encouragement you need, deliver rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

My name is Joshua, I'm your host and on today's podcast, we're going to continue our series on intelligent

financial goals that you should set.

Goal number one was very simple it was get a job.

If you don't have a job that's probably a good indication that you're not doing well financially.

So your first goal and ambition should be to get a job. Now today we continue with the basic stuff that makes a huge difference, which is spend less than you make.

The unique thing about today's episode, though, is I'm going to give you a specific amount of money that I think you should spend. And that is this. Set a

goal to live on half your income. I want to persuade you to set a personal goal to live on half

your income. Now I need to back up before I defend this fully and give you a little bit of background

discussion and background illumination on this topic.

I quickly concede that my advice to set a goal of living on half your

income is not all that common in the world of personal financial advice. I also quickly concede that it may not be achievable by all people,

but I think it's achievable by most people, especially those who are listening to radical personal finance.

And I think the reason more people haven't set and achieved this goal is because they've never thought to, they've never been encouraged to.

That was my story.

And to this day if I could go back to my youth and change any one thing in my financial life,

it would have been to always have this goal at the top of my list and to structure all of my life around this

practice. I could have done it. I just didn't do it because no one suggested it to me. If you go

out in the world today and you ask most people whether you should spend less

than you make, most people will agree that you should.

And certainly anyone who has any experience with money or wealth will say that you absolutely

should.

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