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Radical Personal Finance

RPF 0005 – The Ultimate Guide to Spending Money – How a smart person can optimize each and every buying decision to get maximum utility out of their money

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 29 July 2013

⏱️ 124 minutes

🧾️ Download transcript

Summary

Today’s show gives you some questions to ask yourself when making some buying decisions and some tools to make more intelligent decisions. Resources for today’s show: When is it okay for you to spend a lot of money? When you want to because it satisfies something that’s important to you–it’s your money. You earned it […]

Transcript

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0:00.0

Welcome to the Radical Personal Finance Podcast, episode 5.

0:05.0

I'm your host, Joshua Sheets.

0:08.0

Today's show is somewhat pompously entitled,

0:12.8

the ultimate guide to spending money.

0:15.3

How a smart person can optimize each

0:18.8

and every buying decision to get the maximum utility

0:21.8

out of their money.

0:23.2

Now stick with me, I know that sounds a little bit pretentious and somewhat pompous, but

0:28.2

the show is designed to be a comprehensive view of all the interesting ideas that I was able to come up with to

0:36.3

to get more value when you make a spending decision.

0:41.2

Essentially what the show is I've sat down, I've brainstormed every way that I could come up with to make smarter buying decisions.

0:50.0

And hopefully by the end of the show show you'll have some ideas and some

0:55.1

information that will be helpful to you. Now as I start off here just want to

1:01.6

clarify these are simply ideas and it's possible that only one or two or three of them could ever be

1:09.7

applicable to your life. I'm not assuming that any of them are applicable to your life.

1:14.4

There are ideas that I think have value and can be applied in a lot of

1:20.4

different circumstances.

1:23.4

So I also think that ideas, I personally love ideas.

1:29.2

I love ideas because ideas have a tendency once you think of them and understand them to mate with

1:37.4

each other and to get themselves in a situation where they pop out right at the time that you need one.

1:45.0

So I may say something today about, I don't know, a smart way of buying socks and underwear.

1:51.0

And a few years from now you may be buying a car and there may be an idea that's

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