Welcome to Radical Personal Finance, I should 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 Joshua Sheets. I'm your host. Today I want to talk to you about the importance of far-sightedness

and about the importance of your not following any kind of crowd when it comes to a special focus, meaning on today, on preparation,

preparation for bad things and catastrophes to happen and also with a focus on long-term

wins especially in the world of investing. I believe that the mindset that

leads someone to be perhaps the world's most successful investor is the same

mindset that leads someone to be very well prepared and these things should go

together although unfortunately they often don't go together I find that people often veer in one direction or another. Some people

are very preparation oriented. They go through the world

believing that everything is falling apart

the whole world is filled with catastrophe and chaos

everything is going to hell and there ain't no getting out of this you know there ain't no voting your way out of this one.

There ain't no getting out of this one alive.

And so because they see the world in that way,

they often don't take any action to invest into something that could grow and could become better.

They'll stockpile a bunker full of beans, bullets, and band-aids and not invest in a mutual fund.

And thus, they arrive at the end of their lives in many cases. not invest in a mutual fund.

And thus, they arrive at the end of their lives,

in many cases, or the middle of their lives.

And they got a bunker full of moldy beans

and out-of-date band-aids and some bullets that still work fine, and are usually that's usually the best

investment they made because it holds its value and holds its usefulness if properly stored,

...