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Optimal Finance Daily - Financial Independence and Money Advice

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

Self-improvement, Education, Business, Investing

4.51.3K Ratings

🗓️ 16 November 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

Joshua Becker of Becoming Minimalist talks about what financial ethics to care about. Episode 1347: The Person's Financial Ethic We Should Care Most About Is Our Own by Joshua Becker of Becoming Minimalist Joshua Becker and his family decided to live with fewer possessions after a conversation with his neighbor in 2008. As a result, they found a better way to live, centered on more important pursuits. Their story has been seen on the CBS Evening News, NPR, the Boston Globe, the Wall Street Journal and countless media interviews around the world. Their books have sold in the tens of thousands. BecomingMinimalist.com is about their journey towards a rational approach to minimalism. It is about the joys and the struggles. It is about the lessons they have learned. It has inspired millions around the world. It is written to inspire you to intentionally live with less, and find more life because of it. The original post is located here: https://www.becomingminimalist.com/money-ethics/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? Visit https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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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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