prudence and preparation.

episode 76. Welcome to the Radical Personal Finance Podcast. My name is Joshua Sheets. Today is Tuesday, October 7, 2014.

Thank you for being here. Today we're going to be talking not about tactics, but about character qualities.

Specifically the character qualities of prudence and its associated quality, I guess it's not necessarily character quality of preparation

and their impact on financial planning success.

I thank you for being here. I'm excited about today's topic because I think it's one of those

things that you probably already know intuitively but I'm going to try to give some language

to this topic.

A lot of times there are many things that we kind of know and we intuit them and we think

that they're common but if we don't actually explicitly get them out of our

head sometimes then we can't really do a lot with them and we can't recognize them.

So then if we don't recognize them, then we can't really defend them in the way that we should and we can't pay attention to them,

and the times that we should be paying

attention to them.

So today we're going to be talking about prudence and personal preparedness in every way.

Now preparation for the future is fundamentally what all

financial planners and all prudent individuals do. The problem is that a lot of times

especially in the financial world, this conversation is limited to the types of financial preparation that can result in the sale of a financial product.

Usually that would be either an insurance product or an investment product of some type, and

so because that is where the income is coming from for the person who's talking about preparation then that's the type

of preparation that's usually emphasized but today I'm going to talk about and

emphasize some other types of preparation that don't actually involve the sale of any

...