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Radical Personal Finance

576-Sometimes You Win, Sometimes You Learn: How to Harvest the Important Lessons from Your Past Financial Failures

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 28 August 2018

⏱️ 25 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills,

0:05.0

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

0:09.8

a plan for financial freedom in 10 years or less.

0:13.8

My name is Josh why I am your host and today I want to share with you some ideas to help you

0:17.9

to embrace your financial mistakes as part of your learning. If you want the one sentence synopsis of this

0:29.2

show it's simply this. Sometimes you win and sometimes you learn.

0:35.7

But only if you're actually paying attention.

0:39.5

First a couple of questions for you on the topic of learning. One of the major errors I see

0:47.1

us making in modern life is we neglect the topic of how to learn. I ask you this question, during the course of your formal education, were

0:58.3

you ever given a course or a lecture even, a single lecture on how to learn or perhaps how to study.

1:08.0

Were you ever given tools of learning that you could apply throughout your entire lifetime.

1:16.0

Did a professor share those secrets with you?

1:20.0

For most of us the answer is no. And's for a number of reasons first of course the

1:25.0

entirety of the way that formal academic instruction is conducted assumes the need

1:30.0

for an expert so most of the time when you are presented with a problem you might

1:36.7

very easily revert back to the idea of school. I need to go and find an expert. I

1:41.3

need to go and find a teacher to teach me and to show me these things from the front of the room.

1:46.4

Now there's a place for teachers, there's a place for experts. I make my living as an expert teacher.

1:56.3

But I want to equip you to go beyond me. I want to equip you to go beyond almost any teacher with some ideas on learning for

2:01.2

yourself. Although there are times at which you need a teacher,

2:07.0

some of the most valuable learning can be done without a specific teacher.

2:12.0

Especially in the types of things that we discuss here on radical personal

...

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