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Radical Personal Finance

516-Don't Let Your Pursuit of Money Ruin Your Life

Radical Personal Finance

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

Education, Investing, Business, Self-improvement

4.21.9K Ratings

🗓️ 23 January 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

Money is important. But it's not #1.

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Throughout the arc of Radical Personal Finance, I've sought to emphasize for you some themes that I believe are very, very important and are often underrepresented in the world of financial advice.

0:15.6

One of those themes that I've encouraged you to continually focus on is to put money in its rightful place.

0:21.6

Money is important, but it's not of utmost importance. It's not of the highest importance.

0:32.0

In fact, if you were to sit down and to write down a list of the things in your life that are important,

0:37.0

if you were to be honest about it,

0:40.0

I think you'd have to put money pretty far down the list.

0:45.0

Now the trick with money of course is that it influences all those other things so in many ways it doesn't even belong on the list because money is the fuel it's the the energy that allows so many other important things to be accomplished.

0:57.2

It's engaged in part of every other aspect of life.

1:01.0

But money is not of utmost importance. I was reminded of this over

1:09.7

the weekend I was reading my friend J.D Roth's website, Get Rich Slowly.org, really well done website.

1:16.3

J.D. Roth, he's been on the show, a personal friend of mine, he's one of the people in the world of

1:20.0

personal finance that I most enjoy spending time with.

1:23.4

And he started to get rich slowly back in 2006 in the early days of the online financial

1:29.3

blogosphere, built the site up to be one of the leading personal finance sites, sold it that

1:34.8

capitalized him to a place of being financially independent. He retired. You number of years.

1:45.0

He retired for a number of years.

1:46.7

Recently he bought the site back from the people that he sold it to,

1:51.2

and he's taken back over control of it and he's been steadily writing again

1:55.9

And he wrote an article over the weekend called on the importance of putting first things first

2:00.2

It's very well done Jady hase has a philosophical bent. He's well studied in philosophy and he does a good job on discussions like this to really articulate the things that matter.

2:12.0

I want to read you one tiny excerpt. to really articulate the things that matter.

2:13.0

I want to read you one tiny excerpt from his essay.

...

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