593-Lifestyles of the Frugal and Obscure
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 18 October 2018
⏱️ 46 minutes
🧾️ Download transcript
Summary
The Lifestyles of the Rich and Famous might make good TV but it's the Lifestyles of the Frugal and Obscure that makes for wealthy people who keep their money.
Joshua
- If you're interested in learning how to borrow money safely and never paying interest with credit cards, go buy my new course! www.radicalpersonalfinance.com/creditcardcourse
Transcript
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| 0:29.6 | Welcome to Radical Personal Finance a show dedicated to providing you with the knowledge, |
| 0:34.0 | skills, insight and encouragement you need to live a rich and meaningful life now, while building |
| 0:39.2 | a plan for financial freedom in 10 years or less. |
| 0:42.3 | Today I'm going to talk to you about the lifestyles of the |
| 0:46.3 | frugal and obscure. It sounds exciting, doesn't it? Life styles of the frugalal and obscure. You know they could make a TV show |
| 0:55.0 | out of such a concept. In fact, I have seen some various videos of people who do enjoy showing off their |
| 1:02.2 | frugality. |
| 1:03.0 | Unfortunately, if one were to make a TV show about the lifestyles of the frugal |
| 1:07.1 | and obscure, it would violate the second point of obscurity. |
| 1:10.9 | You could make a TV show on the lifestyles of the frugal, but you couldn't really |
| 1:14.9 | make a TV show on the lifestyles of the obscure. And yet I want you to consider this concept |
| 1:20.8 | as a valuable outline for you to implement in your own life to help you become |
| 1:26.5 | wealthy and stay wealthy. Let me give you the two-sentence summary of my thesis in today's show. Frugality is a pathway for you to become |
| 1:36.5 | wealthy and obscurity is a pathway for you to remain wealthy. These two concepts are important. There are different phases of wealth accumulation. |
| 1:47.5 | You have to figure out how to create an income stream, and then you have to figure out how to turn that income stream into valuable |
| 1:53.7 | investments that's wealth accumulation the wealth accumulation phase and |
... |
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