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 last.

Today on the show, philosophical show, let's begin with a question.

Who do you want to remember you when you are dead and gone? And what do you want to be remembered for?

Who do you want to remember you when you are dead and gone?

And what do you want to be remembered for?

If you have a clear answer to those questions,

most of your life path will be charted out and somebody who knows you well will generally be able

to predict the choices that you will make in life. If you don't have a clear answer to those questions, you're going to need

to spend some time thinking about them. Don't despair. A lot of times those questions take

years to come up with and they crystallize more and more as time goes on. These are not questions

that you answer one time in life and things are settled for the rest of your life. No, these are things

that you think about continually over the course of your life and you make adjustments based upon your answers to these questions.

In life, you will have to make trade-offs and good decision-making is going to be driven based upon your being aware of the options that are available to you

and then being aware of the personal philosophy, the personal ideals, the personal

goals, the personal values that you bring to a decision so that you can make the best decision

for you. In almost any choice, the biggest cost you will face is

the opportunity cost. Opportunity cost is the thing that you give up when you make a choice.

If you come to a fork in the road and you choose to go left,

the biggest cost of your choice of going left

is what you're not going to see or do or have by going right.

That's your opportunity cost. When you come to that fork in the road and you make your

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