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Radical Personal Finance

810-My Biggest Financial Mistakes: Conservatism

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 30 August 2021

⏱️ 71 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

0:03.4

skills, insight, and encouragement you need to live a rich and meaningful life now, while

0:07.7

building a plan for financial freedom in 10 years or less.

0:10.9

My name is Joshua Sheets, I'm your host, today, I want to share with you what I think will

0:15.1

be the beginning of a fairly lengthy series, or at least I've got lots of these.

0:19.8

Some of my biggest mistakes, meaning financial mistakes, my biggest financial mistakes.

0:26.3

And these are not going to be beautifully coordinated.

0:29.2

They're going to be simply things that as I have reflected on my life, on my successes

0:35.0

and failures, I have observed these things to be significant mistakes.

0:40.3

Today, I'm going to begin with what I consider to be the number one most expensive mistake

0:48.1

that I have made.

0:49.1

It's quite simply this.

0:51.1

I have lived, acted, and thought conservatively.

1:01.2

Constantly I have lived, acted, and thought conservatively.

1:06.1

I've been aware of this particular problem for a while, and I want to articulate a few

1:11.2

of the examples that I can trace in my own life of how this has hurt me in hopes that

1:16.2

you can consider your own life and see what is true or not true, and perhaps you're making

1:21.3

this mistake.

1:22.3

By the way, these mistakes, I'm working very diligently to note them and observe them

1:29.2

so that I can change them.

1:30.4

Some of them I have changed successfully, some of them I am changing, some of them I will

1:35.0

change.

...

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