RPF 0010 – You Are 100% Responsible For Your Income

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.2 • 1.9K Ratings

🗓️ 5 August 2013

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You are 100% responsible for your income–both creating an income source and for the actual level of your income. In the US American context, you’re paid exactly what you’re worth in the marketplace. So, to make more, you have to be worth more. The bad news is that being worth more is difficult because it […]

Transcript

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0:00.0	Welcome to the Radical Personal Finance Podcast, Episode 10.
0:05.0	I'm your host, Joshua Sheets.
0:09.0	This is the Daily Personal Finance show dedicated to serving you with accurate information. Financial enhance your financial literacy so that you can save money, live better, and achieve the lifestyle
0:26.6	of your dreams.
0:28.8	No matter where you're coming from today, my goal is to deliver some ideas that will impact
0:32.4	your life and help you to optimize your
0:34.5	personal financial plan.
0:38.0	Today is August 5, 2013 and today we're going to talk about income. The theme of today's show is that
0:46.8	you and I we are both 100% responsible for our level of income.
0:55.0	Now hear me out, hear me out, don't shut me off too quickly.
1:01.0	Many people when they hear a statement like that immediately will shut me off.
1:07.0	But give me an opportunity to explain, give me an opportunity to defend that idea, and I hope by the end of it you will see some of where I'm coming from.
1:18.5	You know in past shows we've been talking a lot about varied topics which is how I hope that this show goes.
1:28.0	But one thing I think that's very important is that I do not want this show to reflect a poverty consciousness
1:38.2	in the wrong way meaning that life is difficult, we have to
1:42.9	scrim and scrape and just barely get by simply
1:46.7	because we can't afford to save any money,
1:50.3	or we can't afford to make enough
1:51.6	to actually save any money.
1:53.0	Income is what drives everything in financial planning.
1:59.0	So remember, there's only three variables that we can really affect.
2:02.0	Number one, how much you make. Number two, how
	...

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