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Radical Personal Finance

877-My Thoughts on the World Today (Inflation, Recession, Global Uncertainty, Famine)

Radical Personal Finance

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

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.41.9K Ratings

🗓️ 14 July 2022

⏱️ 106 minutes

🧾️ Download transcript

Summary

I'm back from vacation and boy, do I have a lot to say! Here are my thoughts on the various circumstances we face today!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to Radical Personal Finance. I show a dedicated to providing you with the knowledge,

0:03.2

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

0:08.0

building a plan for financial freedom in 10 years or less. My name is Joshua Sheets. I'm your host,

0:12.3

and I am back from a very nice summer vacation back and ready to get to work. You know,

0:20.0

for years I have believed in the Dan Sullivan model of time management for entrepreneurs.

0:26.2

If you're unfamiliar with his concept and his teaching that he teaches,

0:30.8

basically the idea is that entrepreneurs need to view themselves as, in a way, artists or performers

0:40.7

rather than as kind of line workers. The traditional model from the industrial age of time

0:47.3

management is that in order for you to maximize your productivity, you work, work, work, work, work,

0:53.6

work, work, work, work, work, work, work, work, work. And then finally, when you're tired out

0:58.4

and you're worn out, then you can deserve a vacation. And so then you deserve that vacation.

1:04.0

You go and you take it, you rest, recharge a little bit from vacation, and then you go ahead and

1:08.0

get back to work. And that's the model that many of us are accustomed to simply because of what's

1:14.7

normal. And even though we live in the information age, a lot of us still take a lot of our lifestyle

1:20.4

from the industrial age. But Dan Sullivan teaches that entrepreneurs, it doesn't work for entrepreneurs

1:28.4

because being an entrepreneur is much more a, it's much more your output and your productivity

1:35.6

depend much more on your making the right decisions, depend much more on your emotional state,

1:40.0

depend much more on your insight, et cetera. Then it does on your kind of being at the machine,

1:46.4

pushing the lever on a daily basis. And that one of the best things that, one of the worst

1:50.3

things that entrepreneurs do is work, work, work, work too much. And that harms their results.

1:55.4

One of the best things an entrepreneur can do is intentionally schedule times of rest and

2:01.0

rejuvenation so that an entrepreneur is always functioning at his highest capacity where his brain

...

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