712-Don't Fight the Seas, Simply Change Your Goals Instead
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 19 March 2020
⏱️ 43 minutes
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Summary
Your goals can be changed in an instant; the seas cannot. It's easier to simply change your goals than the seas ahead.
Joshua
Transcript
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| 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. |
| 0:10.5 | My name is Joshua, I am your host, and today I'm going to talk with you about |
| 0:14.0 | the power of changing your goals in the face of adversity. As I record this on |
| 0:19.6 | Friday, sorry Thursday, March 19, 2020. |
| 0:25.0 | Millions of us all around the world are facing the reality |
| 0:30.5 | of complete and total financial destruction, complete and total devastation. |
| 0:36.0 | Millions of us are finding out that we simply have no job to go to on Friday. |
| 0:42.0 | Millions more tomorrow on Friday we'll find out that we have no job to go to on Monday. |
| 0:47.0 | Millions of us are contemplating the loss of value in our investment portfolios. |
| 0:53.2 | We're contemplating the destruction of our businesses. |
| 0:56.8 | We're sitting down and we're picturing the faces of the people |
| 0:59.3 | that we're going to have to lay off tomorrow or Monday or next week or in a month. |
| 1:06.2 | We're contemplating the various scenarios foisted upon us by this current global pandemic and wishing desperately that things were different but |
| 1:16.0 | acknowledging that things are bad. I'm no exception to that. I've been considering it a lot over the last couple of days. |
| 1:25.8 | I've been on the phone non-stop with clients, working through adjustments to investments and |
| 1:31.6 | working through adjustments to businesses and talking about how bad it's going to get. |
| 1:36.1 | And basically just giving my estimate on how long |
| 1:39.6 | it's going to be until there's martial law and national guard troops in the streets or a police |
| 1:46.4 | officer on the corner and then how long this thing is going to go on and of course I |
| 1:51.0 | don't know and I desperately hope that I'm wrong, but at this point in time |
| 1:55.3 | It's not gonna be long right the National Guard troops probably be on your street. I don't know Monday right if not before |
| 2:02.3 | You're gonna be locked down in the next few days and probably for |
... |
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