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Radical Personal Finance

698-Seven Rings of Freedom: Business Liberty

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 10 February 2020

⏱️ 85 minutes

🧾️ Download transcript

Summary

I'm convinced entrepreneurship provides you with a massive level of personal and lifestyle freedom.

Here's why.

Joshua

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.

0:11.0

My name is Joshua Sheets and I am your host. Today we continue our Seven Rings of Freedom series.

0:17.0

This is a series focused on giving you some practical, actionable ideas so that you can generate and achieve increasing levels of freedom in your life and your lifestyle.

0:30.0

One of the reasons that many people pursue financial independence is so that they can have more freedom.

0:37.0

However, they define the word.

0:39.0

I'm convinced, however, that you don't need to be totally financially independent in order to build freedom

0:44.4

for yourself. So if you know that the end that you're pursuing is personal freedom,

0:49.6

why not enjoy it on the pathway to financial independence. This episode is the fifth episode in

0:56.2

this series. First episode was I talked about spiritual liberty, how if you are spiritually

1:01.8

free then you can go through any outward circumstance of bondage or lack of liberty,

1:07.0

and yet sail through it.

1:09.0

And yet, if you are spiritually in bondage, no matter how great the external circumstances can be, how that will affect you deeply personally.

1:17.0

The second episode I talked about spousal liberty and the third about family liberty.

1:21.0

I made a pitch to appreciate the value of a stay-at-home life and

1:26.1

also of homeschooling. I talked about how those lifestyle decisions can massively increase

1:32.4

your personal freedom.

1:34.0

And I think those ideas are under-disgust in the modern world.

1:37.0

Then I pivoted towards a more traditional financial discussion.

1:41.0

I talked about spending liberty.

1:42.0

I talked about the personal freedom that you can enjoy

1:44.8

by being and staying debt free and also by having some amount of savings and I made the

1:51.1

argument that the amount of savings can be much more modest than is commonly considered to be.

...

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