581-Understanding Why Money Doesn't Work Sometimes (OR, Understanding Just-In-Time Inventory Management)
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 7 September 2018
⏱️ 30 minutes
🧾️ Download transcript
Summary
Audio was from: https://www.intherabbithole.com/e257/
Transcript
Click on a timestamp to play from that location
| 0:00.0 | 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. |
| 0:12.0 | My name is Joshua, I am your host and today we're going to |
| 0:14.2 | continue with our September National Preparedness Month series with a |
| 0:18.9 | discussion of just-in-time inventory management. I'm going to let a fellow podcaster of mine carry the bulk of this |
| 0:27.1 | discussion, but I want to share with you a brief introduction. One of the major tenants that |
| 0:32.4 | I have firmly established in my own mind and have sought to share with you is simply this |
| 0:40.0 | money is one of your most valuable resources and most of the time money will be |
| 0:49.1 | the first thing that you will turn to in a crisis. After all, money is simply the most |
| 0:55.7 | marketable commodity in the world and money can buy you solutions to a huge |
| 1:01.8 | majority of your problems. |
| 1:05.0 | So considering money really should always be one of our first steps with regard to preparedness, |
| 1:12.0 | making sure that we have money, have lots of money, |
| 1:16.2 | and have lots of money available when we need it. But that doesn't mean that we can then automatically ignore the times when money doesn't work. |
| 1:27.0 | Because when money doesn't work, no amount of money will get you out of the problem. No amount of money will solve the problem. |
| 1:37.5 | You have to think about those things in advance. |
| 1:41.0 | Let me give a couple of examples to spur your thinking on this subject and try to drive my point |
| 1:48.0 | home to a visceral level for you. Let's assume that you are concerned about your physical safety. You should be concerned |
| 1:55.8 | about your physical safety. And because you're a practical and prudent person, you recognize |
| 2:00.4 | that one of the benefits of being wealthy is you can avoid most of the circumstances |
| 2:05.8 | where you would become physically unsafe. |
| 2:09.0 | You don't have to live in the hood where you're worried about a drive-by shooting putting |
| 2:12.3 | some random bullet through your |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

