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.

Today we continue our Seven Rings of Freedom series. These are

seven specific actions that you can take that will enhance your personal

liberty as you work your way toward financial independence.

Today is ring number four, where we're going to talk about spending liberty,

the value of being debt free and having some savings.

By way of review, ring number one was spiritual liberty.

I talked about how if you as an individual possess spiritual liberty,

then no matter how difficult or constraining your external circumstances can be, you as an individual

can live a life of peace and joy and contentment in the middle of those circumstances.

Whereas if you don't, as an individual, possess spiritual liberty,

no matter how externally great your circumstances are,

you can be bound as a slave in the middle of those circumstances.

That was show number one, where I talked about spiritual liberty.

Show number two, I talked about spousal liberty.

I talked about how much benefit I've received in my family

and how much freedom I've enjoyed from having a stay-at-home wife

and having a stay-at-home mom and how that's brought tremendous freedom and

liberty to our family unit and how we value that. So I talked about the value of spousal liberty. Show number three, I talked about family liberty. I talked about the value of home education, having your children involved in your family enterprises rather than

institutionalized, and how that gives you tremendous freedom and flexibility in your lifestyle,

and how much I've come to appreciate the freedom that comes with that decision.

Now today we're going to talk about spending liberty and here's where we need to introduce

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