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Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, 00:00:19.080 |
skills, insight and encouragement you need to live a rich and meaningful life now 00:00:23.160 |
while building a plan for financial freedom in 10 years or less. 00:00:28.480 |
And today I have some relatively simple thoughts for you on what it means to live well. 00:00:38.760 |
I was inspired to create this short show for you because of two influences 00:00:44.760 |
that stumbled into my life over the last day or two. 00:00:48.120 |
The first was an essay by famous country singer Charlie Daniels 00:00:56.480 |
I don't know how I stumbled across this in my web wanderings, but I did. 00:01:01.240 |
And he wrote this little essay called Observations on Turning 82. 00:01:04.720 |
I'm going to read that to you and then contrast that in just a moment with something else. 00:01:09.360 |
Now, I personally pay a lot of attention to this genre of literature 00:01:16.760 |
who are coming into the twilight years of their life, and they write 00:01:20.160 |
about what they've learned in living their life. 00:01:25.640 |
And I believe that it's an area where we as US Americans are largely deficient 00:01:31.400 |
in valuing and honoring and listening to people who are older. 00:01:38.080 |
And so I listen to essays like this very carefully. 00:01:40.520 |
I'll just read it to you and then we'll go with the example to compare this to 00:01:45.760 |
Again, Charlie Daniels writes this Observations on Turning 82. 00:01:55.920 |
What are you supposed to be doing and how are you supposed to act when you're 82? 00:01:59.600 |
Should there be an added degree of sophistication, a thicker veneer of dignity 00:02:04.920 |
with most of your attention aimed toward the weightier things of life? 00:02:07.960 |
Or maybe sit in a rocking chair and regale anyone who will listen with tales of the good old days. 00:02:13.960 |
Or maybe spend your days in a bass rig or on a golf course 00:02:18.240 |
or indulging in some sedentary hobby or just sleeping late and learning to name the players 00:02:22.760 |
and identify with the ongoing tragedies in the lives of soap opera characters. 00:02:26.800 |
Well, to those who choose to spend their golden years in such pursuits, 00:02:33.640 |
Hats off, kudos, well wishes and bon voyage on your chosen method of cruising into the sunset. 00:02:39.520 |
But as for me, I look at my next year of life as another journey through the competition, 00:02:44.080 |
hassle, hustle, bustle, fast moving and sometimes trying 00:02:48.480 |
an absolutely wonderful world that I have spent the last 60 plus years in. 00:02:53.360 |
Half of the 100 plus show dates we'll be doing in 2019 are already on the books. 00:02:59.400 |
I have three new CDs and a new book coming out almost simultaneously 00:03:03.520 |
with plans for my first novel to be finished and published sometime during the next 14 months. 00:03:08.640 |
I have a head full of dreams, bits and pieces of songs, venues that I'd like to play again 00:03:14.240 |
and fully intend to make at least one more journey to the Holy Land 00:03:17.320 |
before I hang up my international traveling shoes. 00:03:19.800 |
I've got quite a lot of musical avenues I'd love to travel down 00:03:23.040 |
and people I thoroughly enjoy playing with to travel down them with me. 00:03:26.960 |
I'm content with my band, road crew, ranch crew and office staff. 00:03:34.480 |
and would be happy to have everybody here for the duration. 00:03:37.040 |
I am deliriously happily married and have been for the past 54 years. 00:03:41.680 |
My son lives just down the road and stops by to have a meal 00:03:45.120 |
or visit with his mother and me in most days. 00:03:47.720 |
I have two non-related grandchildren, we assumed grandparenthood for from their birth, 00:03:52.440 |
one in grade school and one about to finish college 00:03:55.160 |
and we've been blessed through the years to spend a lot of time with them. 00:03:58.440 |
The list of people I could call to come and help me 00:04:01.920 |
if I ran my car in the ditch at midnight is quite long and at least in my opinion. 00:04:06.160 |
The guys in my band all play much better than I do, 00:04:09.400 |
always giving me challenges to respond to and mountains to climb in my profession. 00:04:14.920 |
I love my church, my pastor is my favorite preacher 00:04:17.720 |
and the people who go there are friendly and loving. 00:04:19.720 |
I am born again not by anything I've ever done or ever will do 00:04:23.120 |
but by the blood of Jesus who promises us an eternal home, 00:04:27.840 |
I would not change my doorstep one foot in any direction, 00:04:31.080 |
living on the exact and only location on earth I feel at home at. 00:04:35.720 |
There are good riding horses, fat Hereford cattle in the pastures, 00:04:40.800 |
big bass in the pond, squirrels in the hickory trees 00:04:43.800 |
and Whitedale deer frolicking in the backwoods. 00:04:49.080 |
there's a big hill in front of the house and a creek at the edge of the property. 00:04:52.440 |
We can hear bullfrogs, whippoorwills and the horses nickering on a soft summer evening 00:04:57.720 |
and a full moon reflecting in the big pond at the bottom of the hill 00:05:05.000 |
and I've even had thoughts of someday writing a symphony. 00:05:08.720 |
To say I've been blessed is a gross understatement 00:05:11.280 |
but enumerating my blessings for the world to see is not the purpose of this piece. 00:05:15.080 |
The real point is I know there are many people who look forward to retirement 00:05:19.320 |
and would heartily encourage to go forth on those golden paths and relish your newfound freedom. 00:05:24.040 |
But for those of you who, despite your advanced years, 00:05:27.520 |
still have a fire in your belly and unaccomplished goals, 00:05:30.920 |
don't let a chronological number keep you from relishing the remaining years of your life. 00:05:39.680 |
Pray for our troops, our police and the police of Jerusalem. 00:05:50.760 |
When an author sits down and reflects on their 82nd birthday, 00:05:54.680 |
what do they choose to write about? What's important to them? 00:05:57.400 |
And of course, since I think a lot about money, I always look to notice 00:06:09.880 |
And somebody like Charlie Daniels, who is an accomplished and 00:06:14.040 |
well-known famous musician, I assume and I hope that he's exceedingly rich. 00:06:18.400 |
He certainly had a long and successful career in his chosen genres of music. 00:06:25.600 |
But you notice that many of the things that he writes about aren't specifically related to money. 00:06:31.480 |
The closest he gets in this little essay to talking about money 00:06:35.800 |
is in reflecting then the place that he lives. 00:06:38.440 |
The fact that he lives on a beautiful ranch with good riding horses and fat cattle 00:06:43.240 |
in the pastures and bass in the pond and squirrels in the hickory trees 00:06:47.080 |
and a beautiful creek at the edge of the property. 00:06:53.640 |
But I know a lot of people who live in such beautiful places 00:06:59.360 |
You don't have to have tens of millions of dollars from a successful 00:07:04.920 |
international music career in order to enjoy those things. 00:07:09.040 |
So in just a moment, I want to give you six things for you to keep in mind 00:07:15.360 |
that stand out to me just about things that lead to a life well-lived, 00:07:21.840 |
But I want to contrast this with a movie that I've just been watching this week. 00:07:27.400 |
As you may hear, my voice is quite weak and my family and I, we've 00:07:32.400 |
we've all been sick the last few days and it's been, of course, quite the adventure. 00:07:35.760 |
Parents have been there when, when you've got mom and dad both sick and you've 00:07:39.640 |
got three children all with snotty noses and, and sore throats, et cetera. 00:07:44.640 |
It's been one of those, one of those weeks, which is challenging. 00:07:48.400 |
And especially when you're living in a little RV and in the middle 00:07:53.720 |
But because of being sick, I've slowed down a little bit and I made some 00:07:58.160 |
And one of the movies that I have been watching is the Godfather. 00:08:01.800 |
Now the Godfather is, I know of course, a well-known movie, probably everyone in 00:08:08.800 |
Uh, I'm generally, however, a pop culture ignoramus. 00:08:11.880 |
And the only way that I really come into contact with much of pop culture is by 00:08:16.200 |
friends who, upon finding out about my ignorance, say, no, Joshua, you need to 00:08:21.240 |
And so before leaving on a trip, a friend of mine gave, uh, gave me the trilogy 00:08:29.320 |
And my wife and I have watched, um, movies number one and two. 00:08:33.760 |
Well, I was reflecting on that and I'll, by the way, spoiler alert, I assume I'm 00:08:38.440 |
the last person in the world who hasn't seen these movies, but in thinking about 00:08:43.000 |
how utterly dark the Godfather one and two are just how utterly depressing, um, 00:08:50.280 |
the man, the protagonists, life's lives are, and who knows, maybe there's a 00:08:54.800 |
redemption story and, um, number three, but I'm not really expecting it at this 00:09:00.080 |
And again, we'll see when I, when I, when I finish it, but I was just reflecting 00:09:03.480 |
on what an awful, awful life these men put together. 00:09:09.000 |
Now, of course, the script writers create empathy in you for some of, uh, you know, 00:09:15.240 |
for the conditions and the experiences that lead these men to choose such evil 00:09:20.200 |
But when you look at the reality of their life, I mean, we just finished last 00:09:24.240 |
night, Godfather two, and you think about the protagonist who, uh, not only, um, 00:09:31.320 |
has, you know, he murders his brother-in-law, uh, he murders his own 00:09:37.160 |
brother, uh, in addition to the scores of other people that he murders to advance 00:09:42.920 |
his career, his wife murders their baby to get even with him because she doesn't 00:09:47.480 |
want to, uh, she doesn't want to carry their baby. 00:10:00.600 |
And yet the wealth that comes with it is so tainted and so destroyed that 00:10:19.520 |
And so if you sow evil decisions, you reap evil, but if you sow wise 00:10:25.720 |
So let me give you just six examples that I reflected on from this Charlie 00:10:34.400 |
And again, when you, when you put it up against the foil of protagonists, like 00:10:38.840 |
the Godfather, uh, it's stunning just to see the difference that life choices make. 00:10:44.240 |
So first, first thing I noticed in Charlie Daniels 82nd birthday reflection 00:10:49.240 |
is this, one of the things to cultivate and appreciate is physical health that 00:10:57.520 |
If you don't have physical health that allows you to maintain yourself and 00:11:03.240 |
maintain your career, maintain your body, maintain your relationships, then it's 00:11:10.960 |
So there are decisions that we can make today that will help us to maintain 00:11:15.560 |
physical health so that we can keep going into old age. 00:11:18.760 |
Some of those decisions have to do with the things that we're lectured on 00:11:24.920 |
Some of those decisions are things that are related to our career. 00:11:28.640 |
For example, one of the things that I'm convinced of is we should try to choose 00:11:35.720 |
That means that you're probably not going to choose a career that is 00:11:41.160 |
Because if you choose a career that's physically destructive of your body, you 00:11:45.200 |
start to reach around 45, 50 years old, and you start to thinking about retiring. 00:11:48.960 |
Now, maybe you can transition to something else, but it's much wiser to 00:11:52.800 |
think about what is a career that I could do until I'm a hundred. 00:11:55.760 |
And if possible, if you have the opportunity, choose a career that will 00:12:00.320 |
allow you to stay involved in it for a very long time and to whatever extent 00:12:06.920 |
you can influence it and control it, maintain physical health so that you 00:12:13.320 |
Number two, choose a career that fascinates you and will allow you for 00:12:18.520 |
the opportunity for constant and never ending growth and improvement. 00:12:23.120 |
If you notice in what somebody like Charlie Daniels says, and there are many 00:12:28.720 |
This was just one that stumbled across my desk. 00:12:30.720 |
And if you notice one of the hallmarks of a good career is something that allows 00:12:35.880 |
you to keep growing where you don't get stale, something that you can do that 00:12:43.680 |
Now that may be a craft that you can improve. 00:12:48.240 |
There are lots of ways in which you can embrace that principle, but find a 00:12:52.080 |
career that will be fascinating for you for the longterm, and that will allow 00:12:57.760 |
for constant and never ending growth and improvement so that you will never 00:13:05.400 |
Because if you do that, it'll keep your interest. 00:13:11.640 |
Now, additionally, look for a career that has seasons of life, times of 00:13:17.240 |
hustle and work and times of rest, because we need both of those things. 00:13:22.520 |
If you live a sedentary and restful life all the time, you don't have the 00:13:27.800 |
opportunity to experience the joy of accomplishment and achievement and 00:13:34.960 |
But on the other hand, if you choose a career that's always hustle and 00:13:38.400 |
bustle and never has rest, you never get a chance to recharge. 00:13:42.160 |
And so the best model is to have something that has times of hustle 00:13:46.520 |
and effort and hard work and times of rest and relaxation, and 00:13:52.640 |
Choose a career that provides you with excellent financial income. 00:13:56.400 |
I don't think it has to be millions, but it's got to be excellent 00:14:03.040 |
It allows you to consistently move yourself out of the things that 00:14:09.280 |
And it consistently allows you to do the things that you really love. 00:14:12.120 |
If you study the career paths of musicians, there are a lot of really 00:14:15.960 |
excellent musicians who in the beginning years of their careers are absolutely 00:14:21.600 |
drowned in the minutia of administrative scheduling and managing their careers. 00:14:27.640 |
I've not spoken to many musicians who would want to continue that for 60 years. 00:14:34.760 |
It's hard to think of an 82 year old musician who would still be enthusiastic 00:14:40.440 |
about picking up the phone and calling venues and figuring out all 00:14:45.440 |
But if you'll choose a career that provides you with good income potential, 00:14:51.120 |
then you can focus on those things that you're uniquely skilled at, such 00:14:56.040 |
as playing music or writing songs, those things that give you joy. 00:15:00.440 |
Some people find joy in the administrative minutia. 00:15:06.240 |
And so one of the benefits of choosing a career that has high financial 00:15:11.680 |
prospects is you can continually hire out the things that you're not skilled 00:15:17.480 |
at, which leaves you just the opportunity to focus on those things 00:15:22.600 |
Final point on careers, work with people you like and enjoy being together with, 00:15:28.720 |
and especially work with people that make you better. 00:15:32.960 |
Don't be the most competent person in your sphere of influence. 00:15:39.120 |
So you are stretching and growing and learning and progressing. 00:15:42.840 |
When Daniels writes about his crew and his band members and the people who he 00:15:49.040 |
enjoys being with, that's important because life is a journey together with 00:15:54.240 |
other people, and if you'll be challenged by the people around you, then you'll 00:16:01.800 |
So first was physical health that allows you to keep going into old age. 00:16:05.480 |
Second component of a life well lived, at least from this analysis is a career 00:16:11.160 |
that fascinates and allows for constant and never ending growth and improvement. 00:16:14.720 |
Number three, rich, loving, peaceful family relationships and friendships. 00:16:19.840 |
I repeat rich, loving, peaceful family relationships and friendships. 00:16:25.880 |
When you look at the things that people tend to be doing, they're 00:16:33.400 |
As they get older, you find that people focus more and more on relationships. 00:16:40.080 |
This struck me in watching the first of the Godfather movies where the 00:16:45.720 |
protagonist, the elder Godfather, here he is at the end of his life and the 00:16:49.760 |
twilight of his years, and what is he taking joy in? 00:16:52.280 |
Playing in the garden with his grandson, playing silly games. 00:17:01.840 |
Relationships matter, but you have to invest in those relationships because 00:17:09.280 |
if you think about relationships of joy versus relationships of pain, consider 00:17:16.680 |
again, the plot of these Godfather movies that I've been watching. 00:17:20.400 |
Imagine the pain of watching your eldest son be murdered for your own actions. 00:17:29.160 |
Imagine the pain of watching your other children fight and quarrel with another. 00:17:34.200 |
Imagine the pain if you're aware of it, of knowing that one of your 00:17:41.840 |
Imagine the pain if you knew of it, of knowing that one of your sons murdered 00:17:47.840 |
the other and knowing at the end of the line, you'll have one son, your 00:17:54.520 |
youngest, who's basically murdered everyone else in their family. 00:17:59.560 |
If you were aware of that as an elderly grandparent, it wouldn't bring much 00:18:07.160 |
peace to your life, so cultivate rich, loving, peaceful family relationships 00:18:13.960 |
Number four, live in a place that you love, live in your dream location, 00:18:19.560 |
whatever that is, live in a place that you love because the small joys of being 00:18:27.000 |
in a place that you love will accumulate over time, will lead to a sense of 00:18:32.680 |
Now, this is the only thing on my list of six that requires money. 00:18:38.120 |
And what's interesting, if you do all these things, you could actually get 00:18:48.240 |
For example, if you were still working and earning income, you could always 00:18:53.440 |
You wouldn't need to save money to be financially independent. 00:18:56.960 |
If you had a career that fascinated you and fed your soul and allowed you to 00:19:01.600 |
be, use areas of your life that you're skillful, doing work that you care 00:19:07.720 |
If you were to pursue that, you could continue doing that for a long time. 00:19:12.640 |
You wouldn't ever have to freak out about quitting. 00:19:16.680 |
If you're building rich, loving, peaceful family relationships and 00:19:21.200 |
friendships, that doesn't cost a lot of money. 00:19:23.760 |
You can certainly invest some money into a nice Thanksgiving day spread and some 00:19:28.920 |
And it's nice to be able to take the whole family on a cruise, but you can take the 00:19:35.240 |
With one choice, you'll spend a thousand bucks for a week. 00:19:41.400 |
And with another choice, you'll spend 8,000 bucks for a week. 00:19:43.880 |
Both of those can build rich family relationships. 00:19:52.360 |
The only one of these things that takes money is living in a place that you love. 00:19:58.400 |
If you could today clarify what living in a place that you love looks like. 00:20:04.960 |
And if you could arrange to buy such a place and be there, be there for the long 00:20:14.960 |
term, you can afford to live in a place that you love. 00:20:22.440 |
Whether it's a beautiful ranch, whether it's a penthouse condo. 00:20:27.040 |
If you got to buy a place for a million bucks, your dream place, and you finance 00:20:34.400 |
it over 30 or 40 years, and you just make that payment every year for 30 or 40 years, 00:20:39.120 |
and you stay there, the end of the day, you get to live there for 30, 40 years, and 00:20:43.200 |
you get to continue living there and enjoying it. 00:20:47.280 |
Most people, if they would choose a place that they love and set up a household and 00:20:53.080 |
stay there, they could afford to live in their dream location. 00:20:55.760 |
It's the constant movement that is very draining on your expenses. 00:21:01.120 |
So think about what a place that you love might look like. 00:21:05.880 |
Do your very best to live there in your dream location. 00:21:11.920 |
If you like to hear your horses nickering on a soft summer evening, if you'd like 00:21:16.080 |
to look down at the full moon reflecting in the big pond at the bottom of the hill, 00:21:28.080 |
If you can find a place of stability and find spiritual peace in your life, be at 00:21:35.760 |
harmony, understand what you believe and why, and achieve that sense of peace, that 00:21:45.360 |
It's an important component of a life well lived. 00:21:47.600 |
And finally, number six, a vision for the future. 00:21:52.520 |
Vision for the future is one of those things that will keep you young. 00:21:56.160 |
Always make your future bigger than your past. 00:22:02.720 |
Rather forget those things that are behind and press forward to the things that are 00:22:08.960 |
ahead, to the upward call of the vision that you have set for yourself. 00:22:14.640 |
Vision for the future pulls you forward and keeps you young, keeps you engaged. 00:22:19.600 |
It's a far richer life in my opinion, then the life of saving up a bunch of money and 00:22:35.680 |
Whatever you choose to do with your life is up to you, but think about it and read 00:22:43.400 |
about what other people have to say when they're older and set your course, because 00:22:48.960 |
whatever you set your course to, you'll probably achieve it. 00:22:52.960 |
You set your course to be the number one mafia kingpin, wipe out all of your 00:23:00.400 |
If you set your course to have another kind of life, you'll probably do that. 00:23:05.080 |
Whatever you sow now, that's what you're going to reap in the long term. 00:23:18.000 |
I'll play for you my personal, my personal favorite Charlie Daniels song. 00:23:22.400 |
It's an old song called "Hi Lonesome" and it puts a picture, it always has put a 00:23:27.200 |
picture in my head of something that I personally desire. 00:23:32.080 |
And so I hope you enjoy this and go forth and think about those things that, those 00:23:41.680 |
Remember those decisions are probably not going to be limited by money. 00:23:44.400 |
Choose to build physical health that will keep you going into old age. 00:23:48.360 |
Choose a career that fascinates and allows for constant and never ending 00:23:52.920 |
Build rich, loving, peaceful family relationships and deep enduring 00:23:58.080 |
Live in a place that you love and pursue spiritual peace and harmony in your life 00:24:54.720 |
Drinking our coffee at the first crack of dawn 00:25:44.720 |
Sometimes in the evening when it's all kinda still 00:26:01.720 |
Sometimes when the night birds are scolding the mist 00:29:06.720 |
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