1347: The Person's Financial Ethic We Should Care Most About Is Our Own by Joshua Becker of Becoming Minimalist
Optimal Finance Daily - Financial Independence and Money Advice
Optimal Living Daily LLC
4.5 • 1.3K Ratings
🗓️ 16 November 2020
⏱️ 9 minutes
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| 0:00.0 | It's a minimalist Monday edition of Optimal Finance Daily, episode 1347. |
| 0:06.6 | The person's financial ethic we should care about most is our own. |
| 0:10.9 | By Joshua Becker of Becoming Minimalist.com and I'm your host and personal finance |
| 0:16.9 | enthusiast Diana Merriam. This is the show where I read to you from some of the best |
| 0:22.0 | personal finance blogs on the web, with the author's |
| 0:24.8 | permission of course. |
| 0:26.8 | Now today's author is featured quite often on optimal living daily, so if you like today's |
| 0:32.4 | post definitely check out that show. |
| 0:34.6 | Again that's optimal living daily. But since you're here let's get right to today's |
| 0:39.7 | post and start optimizing your life. |
| 0:50.0 | The person's financial ethic we should care about most is our own. By Joshua Becker of Becoming Minimalist.com. |
| 0:55.0 | There is an important difference between values and ethics. |
| 0:59.0 | In fact, I've found the distinction to be incredibly helpful in my understanding of finances. |
| 1:05.0 | Ethics defined is a system of moral principles. |
| 1:09.0 | Values defined is relative, worth, worth merit or importance. Ethics deals with right and wrong, but |
| 1:17.5 | values deals with what is important to a given person. Hypothetically, if we were all getting our ethics from the same |
| 1:26.1 | source, they would not change from one person to another. What is right or wrong for you |
| 1:31.7 | would also be right or wrong for you would also be right or wrong for me. Values on the other hand |
| 1:36.0 | could vary significantly from one person to another. You may value security, I may |
| 1:42.3 | value freedom. |
| 1:43.8 | One person might value hospitality, |
| 1:46.4 | another person might value travel, |
... |
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