Welcome to Radical Personal Finance a show dedicated 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.

My name is Josh Rashitz, I'm your host.

Today on the show I want to talk to you about the concept of privilege and why privilege in the modern usage is something that you should embrace and that you should seek for and develop in both yourself, your family members, etc.

I've thought a lot about this over the past decade because of the growth of this term

privilege. The word privilege is something that we all use and I think use quite rightly. I think of myself as a very privileged

person, always have. I encourage my children to recognize how privileged they are.

But this word has become somewhat recognize how privileged they are.

But this word has become somewhat hot,

somewhat debated in terms of its application.

There's been a countervailing cultural force

of people talking about privilege in a negative term.

You hear this and things that are evidently said among people and in college such as

check your privilege. Basically it means you should pay attention to the fact that you're

speaking from a privileged perspective and you should stop.

And as I've thought about this over the years, I have come to realize that it's very important

that we have a clear and proper

ethical understanding of the responsibilities that privilege

entails so that we can behave properly when we are the recipients of a privileged position.

This is very important and germane to the topic of financial planning because virtually everything we do in good

financial planning is going to result in creating additional levels of

privilege for you and for your children.

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