Why You Should Probably Lower Your Financial Goals RPF0048

Radical Personal Finance

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

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 26 August 2014

⏱️ 93 minutes

🔗️ Recording | iTunes | RSS

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Summary

When people talk about money–especially in the world of success and financial planning–it’s often assumed that more is always better. This is wrong. More is not always better because: The more money you want, the more risk you have to take. The more money you want, the more you have to give up (or pay) […]

Transcript

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0:00.0	1 o'clock a.m. Central Standard time 30,000 feet over Las Vegas.
0:06.5	His friends, drunk, were asleep. It was just the two of us now in first class.
0:13.2	He extended his hand to introduce himself, and an enormous, Looney Tunes enormous, diamond ring,
0:20.0	appeared from the ether as his fingers crossed under my reading light.
0:25.0	Mark was a legitimate magnate.
0:28.0	He had at different times run practically all the gas stations, convenience stores, and gambling in South Carolina.
0:36.8	He confessed with a half smile that in an average trip to Sin City, he and his fellow weekend warriors might lose an average of 500,000 to a million dollars each.
0:48.0	Nice.
0:50.0	He sat up in his seat as the conversation drifted to my travels, but I was more interested in his
0:55.9	astounding record of printing money.
0:59.4	So of all your businesses, which did you like the most?
1:05.1	The answer took less than a second of thought.
1:08.6	None of them.
1:10.0	He explained that he had spent more than 30 years with people he didn't like to buy things he didn't need.
1:17.0	Life had become a succession of trophy wives.
1:20.0	He was on Lucky Number 3, expensive cars and other bragging rights.
1:25.0	Mark was one of the living dead.
1:28.0	This is exactly where we don't want to end up. Welcome to the Radical Personal Finance Podcast. I thank you for being here. Today is episode 48
1:58.0	and today is Tuesday, August 26, 2014.
2:03.8	Today's show is going to be all about
2:06.1	why you should probably lower your financial goals. Hopefully you're a little bit intrigued by my catchy title. I do my best to make these fun and interesting
2:28.1	and thought-provoking and slightly catchy titles. Probably not exactly the content that most people are accustomed to hearing and thinking of
	...

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