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Radical Personal Finance

Out & About: The Stages of Financial Independence-My Appearance on the Afford Anything Podcast with Paula Pant

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 26 September 2016

⏱️ 86 minutes

🧾️ Download transcript

Summary

I recently appeared on Paula Pant's Afford Anything podcast for an in-depth discussion of the stages of financial independence.

The interview was one of the favorite interviews I've done in a while and I think you'll really enjoy it.

Enjoy!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Make Match days easy with Google Pay.

0:02.0

Journey across town, tap in and save time.

0:06.0

PubGon Cashless, just tap and save stress.

0:09.0

Fast, safe, simple.

0:11.0

Match days made easy with Google Pay.

0:13.6

Add a card to your Google wallet.

0:15.1

Welcome to the Afford Anything Podcast.

0:20.1

You can afford anything but not everything, which is why every decision you make should be intentional

0:26.6

It should be a reflection of the goals that you have and the values that you hold

0:31.1

I'm your host Paula pant and on today's episode we're going to talk

0:34.4

about financial independence. Now it's tempting to think that financial independence

0:39.2

is a line in the sand, a finish line. You've either reached it or you haven't. But today's

0:44.8

guest, Joshua Sheets, suggests that reality is a bit more nuanced. He says

0:49.9

there are seven stages to financial independence and we should recognize and

0:55.9

aim for and celebrate each step along the way.

0:59.3

This is not just feel good, celebrate your progress sort of stuff,

1:02.7

this is actual methodical moving down the chain

1:07.2

as you get from stage zero,

1:09.7

find complete financial dependence,

1:12.1

all the way to stage 7 financial abundance.

1:15.6

Our guest Joshua Sheets holds a master's degree in financial planning.

1:19.9

He used to run his own financial planning business, but he shut it down in order to host the very popular

...

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