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Radical Personal Finance

509-How Much Does It Cost You to Live Today?

Radical Personal Finance

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

Investing, Self-improvement, Education, Business

4.21.9K Ratings

🗓️ 10 January 2018

⏱️ 19 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Everything is fuel for your creativity with the L'Anovo Yoga laptop series.

0:04.4

From the people you meet to the creators you follow, it all comes together with Lanova Yoga.

0:09.2

Plus, you get a 50 pound travel voucher and a shot at winning an awesome trip to New York and a Motorola

0:14.6

razor 40 Ultra. Check out the L'Anovo Yoga series with laptops made for creatives at

0:19.8

Lenovo.com slash yoga, limited time only terms and conditions apply

0:23.7

engineered to do it all that's a laptop evolved with Intel Evo platform.

0:27.7

Radical Personal Finance Quick tip today.

0:33.0

How much does it cost you to live today?

0:37.0

One of the major challenges that we face in our wealth-building goals

0:42.0

is making sense of all the numbers in life.

0:44.4

We know that wealth building and financial planning is fundamentally all about the numbers,

0:51.6

but yet those numbers come and go and we don't often see the actual practical impact of

0:58.5

those numbers on a day-to-day basis. This is especially magnified in our modern era where many of our transactions are digital and where many of our digital transactions are automatic.

1:10.0

The money comes in, the money goes out, it just flies through the checking account. We don't have any tangible connection to the spend to the to the expenses.

1:20.0

And that can be a real challenge because it's very easy for our expenses to increase and to total a lot more than we would otherwise think.

1:30.0

Now, you're the one who gets to decide which expenses you value. We all have different

1:36.9

values systems. We all have different measurements by which we measure the things that

1:41.6

are valuable to us and the things that are valuable to us.

1:42.6

And the things that I find important to spend money on

1:45.1

may be different than the things that you find important to spend money on.

1:49.1

But the key to being able to make that judgment

1:50.7

is having good data and being able to understand the data that that's

...

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