460-How to Decide What To Invest In

Radical Personal Finance

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

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 24 May 2017

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

I frequently get this question: "Joshua, what should I invest my money in?"

Well, that's a hard question to answer. I'm not you, so how should I know?

But, here are the factors I think you should consider in answering that question for yourself:

time
money
knowledge
skill
temperament
timing
opportunities
tools

Joshua

p.s., did I miss any important factors? If so, let me know in the comments.

Transcript

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0:00.0	Everything is fuel for your creativity with the L'Anovo Yoga laptop series.
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0:23.7	engineered to do it all that's a laptop evolved with Intel Evo platform.
0:27.7	Welcome to Radical Personal Finance the show dedicated to providing you with the knowledge,
0:33.9	skills, insight, and encouragement you need to live a rich and meaningful life now while building
0:39.4	a plan for financial freedom in 10 years or less.
0:41.7	My name is Joshua and I am your host. Today we
0:44.1	tackle the subject of investing. There's many versions of this question that I
0:49.4	receive on a continual basis in my email. Today we're going to go with Joe's version.
0:54.0	Joe writes in and writes this, Joshua,
0:55.9	I'm currently an active duty Navy member living in Japan
0:58.6	and I'll be here for the next two years.
1:00.9	I'm 20 years old and I've been consumed by your podcasts and other podcasts on
1:05.1	investing and personal finances and how to be fruitful. This year I went from
1:09.8	making less than $10,000 a year to now almost $30,000 and was spending recklessly as soon as
1:16.2	this increase in income occurred.
1:18.3	I have no bills I have to pay beside my phone bill and groceries every month and it seemed like I was always
1:24.0	sitting on an excess of cash every check that I didn't know what to do with except
1:27.5	blow away before the next time I got paid. Whether it was buying electronics
	...

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