Welcome to the Radical Personal Finance Podcast.

My name is Joshua Sheets and I'm your host.

This is a special edition of the show, recorded in advance

while I'm traveling for two weeks here in the month of September.

If this is your first time listening to the show, feel free to listen to today's show.

I'm glad to have you here.

I'd encourage you also to check out the archives and also check out the shows that are starting

after October so that you can see the more normal flow of the

show. But today's show is going to be essentially a short audio essay, short

monologue on some ideas that I think would be helpful, that are helpful to me and

I hope might be helpful to you.

Today I would like to share with you a couple of ideas about hobbies.

One of the things that I learned, I'll tell a short story, which is where this thought really came from from and I've proved it out with other research that I've done but I had when I was working as a financial planner I had a really unique experience I was a brand new financial planner I think my second or third year in the business and completely wet behind the ears, didn't know what I was doing, was working very well-meaning and well-intentioned, but I didn't know what I was doing.

And I was sitting and talking with a prospective client.

And this prospective client was working for a business.

He was the manager of some department. he agreed to meet with me and we had one

meeting and then we had another meeting and the second meeting we were going over some of

his assets and he kept listing more things off kind of off the top of his head but he wasn't really sure

exactly where everything was and you know what all he had and I had him do some homework and bring actual statements and he doesn't he didn't open his mail

He didn't look at his statements to some of you. You're shaking your head and you're saying how could this be possible I promise it's more people than you might

think but he never looked at anything he just didn't bother and as we're

totaling things up we get to the end of the total as we're constructing a

...