Welcome to Radical Personal Finance, a 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.

My name is Joshua, and today we're going to kick off National Preparedness Month, September

2018.

I read to you a couple of paragraphs from the recent Presidential Proclamation on National Preparedness

Month 2018.

It goes like this, issued on August 31, 2018.

National Preparedness Month is a time to focus our attention on the importance of preparing our families, homes, businesses, and communities for disasters that threaten our lives, property, and homeland.

During this time we also honor the brave men and women who selflessly respond to crises and disasters

rendering aid to those in need, blah blah blah blah and that is signed of course by President Donald J Trump. He has set his hand or as the quote would go in witness whereof I

Hereun to set my hand this 31st day of August in the year of our Lord 2018 and of the

independence of the United States of America the 243rd Donald J. Trump.

Presidential Proclamations are funny because it's such a formal language that we don't use much in day-to-day discourse.

But September is indeed the National Preparedness Month by virtue of Presidential Proclamation.

And I'm just going to use this as a rough outline for a various series of shows which I'll be sharing with you here in the month because I am convinced there is a deep connection between the term or the word preparedness and all of its

associated concepts and financial planning. Preparedness is basically the root of good financial planning.

Now in the traditional sense of financial planning, we usually think of financial products such as insurance policies

and investment accounts. And these products fundamentally are a component of preparedness.

What do you want to do to prepare for your death?

Well, you prepare by making an estate plan,

furnishing adequate wills and trusts.

You also put in place appropriate insurance policies,

which will remunerate your family or your business

...