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Radical Personal Finance

571-You Don't Have to Be Smart to Become Financially Independent...But You Can't Be Stupid (pt. 5 of 5)

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 31 July 2018

⏱️ 12 minutes

🧾️ Download transcript

Summary

Part 5 of a 5-part series called, "You Don't Have to Be Smart to Become Financially Independent...But You Can't Be Stupid."

Today we discuss your lifestyle.

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Financial Show dedicated to providing you with the knowledge, skills, insight, and encouragement you need, to live a rich and meaningful life now, while building a plan for financial freedom in 10 years or less.

0:12.0

My name is Josh

0:13.0

why I'm your host and today we round out part five of our five part

0:16.3

series called You Don't have to be smart to become financially independent

0:20.9

but you can't be stupid.

0:24.2

The idea is this.

0:25.3

I spend so much time talking about radical, hardcore ideas, very technical forms of analysis, that I fear that you might have the impression

0:36.1

that somehow you have to be smart to do this stuff. That's a mistake.

0:42.4

There are so That's a mistake.

0:44.4

There are so many ordinary people who have worked at ordinary jobs, but just worked hard

0:51.6

at them, who have lived ordinary looking lives. but just

0:55.0

rained their expenses in a little bit,

0:58.0

who have invested in ordinary investment vehicles,

1:01.0

but who have simply stayed the course and followed their strategies,

1:05.6

who have protected themselves from catastrophe through very ordinary means of protection

1:10.7

like emergency funds and insurance policies.

1:15.2

And they've gotten rich.

1:20.4

So I want to make sure that you don't think that you have to live in a van down by the river while you're starting up your next tech startup that's going to make you ten million dollars and

1:30.1

Invest all your money in the latest crypto offering in order for you to become rich.

1:36.0

You don't.

1:39.4

You just can't be stupid and make the stupid mistakes that so many people make.

1:43.0

Today we talk about part five of my framework called

...

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