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Radical Personal Finance

369-Don't Wait for Financial Independence to Enjoy and Plan for Financial Abundance

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 25 August 2016

⏱️ 45 minutes

🧾️ Download transcript

Summary

Ever since I sat down and designed my "Seven Stages of Financial Independence," I've been a bit bothered by Stage 7: Financial Abundance.

I inserted it at the end of the list because I think that's where it belongs. But I don't think you have to wait until you get through the stages to be able to enjoy a lifestyle of Financial Abundance. And I definitely don't think you should wait for later to start planning for Abundance.

So, what do you do?

Well, in today's show I do my best to lay out some ideas to point you in the right direction. 

Enjoy!

Transcript

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0:00.0

This Winter, memberships will never be the same again.

0:03.4

Amazon Prime presents Eddie Murphy's new Christmas movie, Candy Kane Lane,

0:07.8

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0:09.0

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0:10.9

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0:12.2

Get great entertainment and fast delivery all for 899 a month.

0:16.0

It's on prime.

0:18.0

Geographic restrictions and teasencies apply 18 plus.

0:20.0

In past episodes of Radical Personal finance I've talked about the seven stages of financial independence which I designed a couple years ago

0:28.0

These stages where you go from stage zero financial dependence and systematically step by step work your way through

0:33.8

financial independence and onto financial abundance. But the reality is

0:39.7

this process is going to take a really long time for most of us. It's going to take at the

0:44.9

minimum a few years, at the most, maybe many decades and perhaps our whole life.

0:49.8

So here's the question, what if there are a way to short circuit the process?

0:56.1

What if you could strip, skip, straight from where you are to stage 7, financial abundance

1:01.8

without passing through all of the other stages.

1:07.0

Would that be worth it?

1:09.0

Well, I think you can, and today I'm going to share with you some ideas on how. Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge, skills, insight, and

1:33.5

encouragement you need to live a rich and meaningful life now while building a plan

1:37.9

for financial freedom in 10 years or less. My name is Josh Washeets and I'm your

1:41.6

host and today we get philosophical.

1:44.0

I think there's a way to short circuit this whole process and yes I know I designed the model so maybe I designed it from the beginning to be collapsed but I'm going to talk to you

...

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