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Radical Personal Finance

735-Always Look for the Most Direct and Effective Path to Your Goals

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 16 July 2020

⏱️ 32 minutes

🧾️ Download transcript

Summary

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, 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, I'm your host. Today I'm going to talk to you about taking the easy path to your goals or rather taking the direct path to your goals. I'm going to do this in the context though of a show that I have been wanting to do for a good number of months.

0:25.0

I'm going to introduce it by talking about taxes. I wanted to wait a few months until this comment that I read on the internet would disappear so I wouldn't embarrass the person who wrote the

0:33.2

comment originally but when I saw this comment I immediately

0:37.0

screen-shotted this sucker and I have wanted to do this show since then so here's

0:40.9

the comment this was posted online in a personal finance forum.

0:47.0

And the cometer writes this, sorry, it was in a personal finance group on Facebook.

0:52.0

Commeter writes this,

0:53.4

Public Service announcement,

0:55.2

thanks to the CARES Act that was recently signed into law,

0:58.8

over-the-counter medication and feminine supplies

1:02.3

are now HSA eligible. Retroactive to January 1, 2020.

1:09.0

Keep those receipts and don't forget to log that mileage.

1:13.6

And then the hashtag, sticking it to Uncle Sam.

1:20.2

I don't know if this strikes you as funny as it does me but to me I've I sat there and

1:25.9

cackled for for several minutes when I read this this post I just sat and cackled because I thought what a ridiculous

1:38.2

juxtaposition of perspectives. The and the hashtag is what pushes it over the top, sticking it to Uncle Sam.

1:47.0

And I thought, okay, how much over-the-counter medication and feminine supplies,

1:53.6

are you going to actually be spending

1:56.8

such that it's actually going to make a difference

1:58.8

and you're going to stick it to Uncle Sam.

2:01.1

And I want to drive the lesson home here for you because it's important that you think about this stuff.

...

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