RPF0543-How_to_Save_More_Money_Without_Hurting_Your_Lifestyle
00:00:00.000 | Welcome to Radical Personal Finance, the show dedicated to providing you with the knowledge,
00:00:05.000 | skills, insight, and encouragement you need to live a rich and meaningful life now while
00:00:10.400 | building a plan for financial freedom in 10 years or less.
00:00:14.000 | My name is Joshua and I am your host.
00:00:15.720 | I am your fellow traveler down this road we call life, working diligently to enjoy my
00:00:21.760 | rich life today while also working on my plan for financial freedom in 10 years or less.
00:00:26.640 | And I'm very gratified that you are a big part of both of those things.
00:00:31.760 | I find it very fulfilling and satisfying to belly up to my microphone and share with you
00:00:36.640 | some words that I trust will be helpful to you and will serve you.
00:00:41.040 | I find that very gratifying and it also helps me along my own path towards financial freedom
00:00:45.880 | by increasing my own personal revenue.
00:00:48.960 | But today I want to talk about your revenue in an effort to work together with you to
00:00:54.480 | increase it.
00:00:55.480 | Today we're going to talk about increasing income.
00:00:58.480 | Over the last four years that I've been building Radical Personal Finance, I have structured
00:01:03.240 | everything on the show around what I call the framework for wealth.
00:01:09.400 | That framework includes a total of 10 words and 5 points, or perhaps I should say 5 points
00:01:16.800 | with a total of 10 words.
00:01:18.800 | And this is the framework into which I organize every piece of financial advice that I give
00:01:27.520 | or that I hear.
00:01:29.280 | And this is the framework onto which I hang every show that I do.
00:01:32.400 | Before I record the show I always think through this framework.
00:01:36.520 | This is original to me, although the concepts of course I'm sure are not perfectly original
00:01:41.500 | to me.
00:01:42.560 | But these particular points have given me an organizing principle.
00:01:47.520 | Let me give you a two minute introduction to the concept by way of reminder.
00:01:53.100 | There are only three things that you can control that will determine the level of wealth, financial
00:01:59.180 | wealth that you build in your life.
00:02:01.640 | The first thing is to increase income.
00:02:04.440 | All else equal, the higher your income, the wealthier you'll be.
00:02:09.060 | The second thing is to decrease expenses.
00:02:11.760 | All else being equal, the lower your expenses, the higher your wealth will be.
00:02:16.220 | And the third thing is to invest wisely.
00:02:19.160 | All else being equal, the better you are at investing, the wiser you become in allocating
00:02:25.920 | your capital, the higher the rate of return you earn from your investments, the wealthier
00:02:30.400 | you will be.
00:02:31.640 | Those are the only three things that you can actually do that are practical.
00:02:35.120 | You can increase your income, you can decrease your expenses, or you can invest wisely.
00:02:41.120 | Three points, six words so far.
00:02:43.620 | The final two layers are not ancillary, but they're not as direct.
00:02:49.740 | Point number four is to avoid catastrophe.
00:02:52.400 | This is where you consider a potential risk and how it will affect your life, and you
00:02:56.200 | put in place a plan to prepare for that.
00:02:59.700 | This plan can be as simple as making sure that you have savings in case you lose your
00:03:03.640 | job.
00:03:04.900 | That's a way of avoiding catastrophe.
00:03:07.400 | You look at your income and you recognize, "If this income stream were to go away, I
00:03:11.320 | would have a problem."
00:03:12.760 | That's basic but essential, and that's part of avoiding catastrophe.
00:03:19.320 | Avoiding catastrophe encompasses other aspects of thinking.
00:03:22.540 | Perhaps it's putting in place an umbrella liability insurance policy to protect you
00:03:26.880 | against unspecified risks to your wealth.
00:03:31.260 | Perhaps it's the practice of choosing creditor-protected investment accounts to accumulate wealth,
00:03:38.020 | such as a 401(k), because you don't know when you might be sued or go through bankruptcy
00:03:44.140 | and somebody have access to your wealth.
00:03:47.900 | Perhaps it's buying a board of directors liability policy in case you're engaged in work as a
00:03:53.500 | board of director and you're found to be liability, and so you purchase liability policy to protect
00:03:57.380 | you from that.
00:03:58.380 | It's as simple as building a food storage program to make sure that you always maintain
00:04:03.180 | one year worth of stored food for your family, so that if something happened and the truck
00:04:08.340 | stopped going to the grocery store quite so regularly, you wouldn't run out of food.
00:04:12.780 | You'd be able to feed your children.
00:04:15.900 | There are many layers to avoiding catastrophe.
00:04:18.900 | This week I was advising a consulting client on the importance of segregating and siloing
00:04:24.540 | various communications methodologies.
00:04:26.340 | If you have a business, you should never mix your business and your personal cell phone.
00:04:32.340 | For example, I have a friend of mine who unfortunately, through business practices that if you or
00:04:40.420 | I were to judge, might seem a little bit questionable but would not feel illegal.
00:04:47.140 | Unfortunately, the FBI marched into his place of business and scooped up a cell phone.
00:04:52.820 | Guess how many pages of documents were submitted to the court?
00:04:57.300 | 3.3 million pages of documents were submitted to the court, the source of which is primarily
00:05:08.060 | cell phone and computer records.
00:05:09.860 | Now I want to ask you a question.
00:05:12.700 | How big of a risk would it be to your wealth if all of a sudden 3.3 million pages of your
00:05:21.820 | life were in the hands of somebody who was looking to put you into prison?
00:05:27.140 | That'd be a pretty significant problem, wouldn't you think?
00:05:33.340 | Now wouldn't it be better if the only cell phone that was available for the FBI's warrant
00:05:38.220 | was your business cell phone that only had your business records on it?
00:05:42.020 | Wouldn't it be better if that cell phone were encrypted and not some stupid fingerprint
00:05:47.900 | passcode that can be easily bypassed?
00:05:50.300 | Wouldn't it be better if you had thought in advance about your data security?
00:05:52.940 | We'll leave that show for another day, but it was a rather eye-opening experience for
00:05:56.700 | me to watch my friend, who is I would say a good guy, this particular business practice
00:06:01.180 | that he is charged with.
00:06:03.340 | If the charges are true, it's not the kind of thing that you would say is really that
00:06:08.280 | big of a deal.
00:06:09.280 | It's the kind of thing that on a technicality in the law though is costing a huge amount
00:06:15.220 | of money and very possibly could result in prison time.
00:06:19.960 | So avoiding catastrophe has many different expressions, from the thing that we're most
00:06:25.060 | accustomed to, asset allocation, to the thing that we very rarely talk about.
00:06:29.900 | When I've done shows on why you should arrest proof yourself and your children, never talk
00:06:35.320 | to the police, things like that, that's all part of avoiding catastrophe.
00:06:40.180 | And number five, of course, is optimize everything.
00:06:44.000 | Optimization is where you sit down and say, "Can I get more value for the same money?"
00:06:48.820 | I currently drive this car and I like it, but can I drive a car that I enjoy more for
00:06:55.780 | the same value?
00:06:57.460 | Perhaps I can trade in this mundane, boring Econobox for a vehicle that I enjoy pulling
00:07:03.180 | through the gears with.
00:07:05.320 | Or perhaps I can move from this side of town to the other side of town and the finances
00:07:09.460 | will be the same, but I'll have a shorter commute.
00:07:12.460 | Or perhaps I can adjust my income stream and I may make $80,000 a year from this old job
00:07:18.780 | but maybe I'll switch over to this new job where I make $80,000 a year but I actually
00:07:23.900 | enjoy going to work or I like the people that I work with.
00:07:27.940 | Or my favorite saying, "I'm going to be working where I'm celebrated and not merely tolerated."
00:07:36.220 | That's optimization.
00:07:38.120 | Now those five things, 10 words total, increase income, decrease expenses, invest wisely,
00:07:43.620 | avoid catastrophe in five, optimize everything.
00:07:46.380 | Those 10 words encapsulate an organizing framework that you can put into place and this is the
00:07:53.260 | structure that I use for Radical Personal Finance.
00:07:56.660 | But today I want to talk about increasing income.
00:08:00.180 | I'm not certain that income is the best place for each person to start.
00:08:04.940 | And if you are already in the top 5% of income earners, if your income is in the top 5% of
00:08:11.500 | income earners for your country of residence, the United States of America, that means that
00:08:16.340 | your income is about $225,000 per year or higher.
00:08:21.100 | If you're already in that top 5% then there's a good chance that income is not the most
00:08:26.300 | important area of optimization for you to focus on.
00:08:31.580 | For many people, expenses and decreasing expenses is the easiest area to focus on.
00:08:41.460 | But the problem with decreasing expenses is there's ultimately a limit as to how low you
00:08:47.980 | can go.
00:08:50.540 | You can cut your expenses today probably by 10%.
00:08:55.600 | You may be able to cut your expenses today by 20%.
00:09:00.140 | If you have a large enough motivation, you may be able to cut your expenses by 50%.
00:09:08.380 | If you have a huge motivation and you've developed incredible skill with spending money, you
00:09:14.900 | may be able to cut your expenses by 75%.
00:09:18.540 | But you can't cut your expenses by 100%.
00:09:26.780 | Decreasing expenses gives us big wins.
00:09:29.840 | It's valuable.
00:09:30.840 | I talk a lot about it.
00:09:32.620 | I've developed a whole philosophy around decreasing expenses.
00:09:36.220 | In the future I hope to sell you a course on that philosophy that you can put into place
00:09:40.580 | on decreasing expenses.
00:09:44.540 | But not today.
00:09:47.060 | Because while expenses can be cut until you arrive at a limit, increasing income does
00:09:57.300 | not have a limit.
00:09:59.880 | There is no limit on how much money you can earn.
00:10:06.140 | If you bristle at that statement, I challenge you, take your occupation, take your job,
00:10:14.360 | take your career, and go and research it to find somebody else who's involved in it who's
00:10:19.580 | earning 10 times as much as you are.
00:10:24.660 | I guarantee you there's somebody in your career who's earning 10 times as much as you are.
00:10:33.500 | If you were to ask that person, "Is there a limit to how much we can earn in this career?"
00:10:39.820 | I would bet you the answer would be no.
00:10:45.180 | There's no limit on how much income you can earn.
00:10:47.820 | What about investing?
00:10:48.820 | Is there a limit as to how much of a return you can earn on your investments?
00:10:54.380 | Well, sort of and sort of not.
00:11:01.180 | Investing is the hardest nut to crack because in theory there really is almost no limit.
00:11:10.940 | There are investments that return massive multiples of the original value, so it can
00:11:19.020 | feel like there's no limit.
00:11:22.020 | But if you were to judge the feasibility of finding one of those investment opportunities,
00:11:29.580 | qualifying it, timing it correctly, and sinking enough capital into it at the right time,
00:11:38.420 | if you were to compare the feasibility of that entire process to the feasibility of
00:11:42.580 | increasing your income by 10x in the next 10 years, the feasibility of the investment
00:11:49.300 | process is very small.
00:11:51.580 | The feasibility of increasing your income is very high.
00:11:55.260 | And if you were choosing between those and you didn't have income or you didn't have
00:12:00.540 | assets, you would be well served to first focus on income because without investment
00:12:06.380 | capital you can't invest.
00:12:09.380 | So the capital comes from your work.
00:12:13.540 | Now catastrophe and optimization are things that are done all along the way, scalably.
00:12:20.500 | You can avoid catastrophe on the small things, but if you're earning a minimum wage income
00:12:25.380 | there's no reason for you to be shopping and studying the market for board of director
00:12:30.140 | liability insurance policies.
00:12:32.780 | On the flip side, if you earn a million bucks a year because you sit on 10 different boards,
00:12:37.220 | you better know the market for board of directors liabilities policies and make sure that you
00:12:43.100 | have fully insured yourself and you probably need to worry a little bit less about your
00:12:49.660 | six month emergency fund at that stage of life.
00:12:54.540 | So first, income is one of the most important areas to focus on.
00:13:00.460 | It's possible for you to live a great lifestyle and also build wealth.
00:13:06.420 | Many people feel like they have to give up one or the other.
00:13:09.780 | They feel like, "Oh, if I want to save more money and build more wealth, financial wealth,
00:13:15.140 | then I have to decrease my expenses."
00:13:18.260 | This is why so many people bristle at the idea of creating a budget or of following
00:13:22.900 | a budget or of cutting their expenses because they view it as a form of punishment.
00:13:27.560 | They view it as a negative thing.
00:13:30.300 | Well, my experience is most people who save more money don't view it as a punishment.
00:13:37.180 | They view it as a positive thing.
00:13:38.880 | They would rather have the freedom of being rich versus the misery and bondage of being
00:13:43.860 | poor.
00:13:45.340 | And that's why they cut their expenses in order to save money.
00:13:50.380 | But many feel like they have to do one or the other.
00:13:54.340 | But you actually don't.
00:13:58.300 | You can do both if you increase your income.
00:14:04.900 | Let's use this example.
00:14:06.260 | Assume for a moment that your household income is $100,000 per year.
00:14:12.820 | Because you are a prudent person, you always work to spend half of your income and save
00:14:18.860 | half of your income.
00:14:19.860 | So your baseline level is to spend $50,000 per year and to save $50,000 per year.
00:14:27.500 | Now this plan of approach is good.
00:14:30.460 | You have enough money to spend and enough money to save.
00:14:33.140 | And if you continue this practice for a couple decades, you'll be financially independent
00:14:38.140 | and able to stop working if you don't want to.
00:14:43.660 | But let's assume that you want to increase your spending.
00:14:47.020 | Perhaps there are some things that you'd really like to do, you'd really like to have.
00:14:51.060 | And you decide that you want to spend $75,000 this year instead of $50,000 per year.
00:14:55.960 | And you think about it, you judge it, you research it, and you say, "No, I really value
00:15:00.340 | this additional $25,000 of savings."
00:15:05.100 | Well the necessary component for you to achieve that level of spending is to decrease your
00:15:12.500 | savings.
00:15:14.820 | So if your income stays the same but you want to spend $75,000 this year, you'll have to
00:15:18.940 | decrease your savings to $25,000.
00:15:21.940 | And your wealth plan will suffer.
00:15:25.140 | Because an increase to spending will result in a decrease of saving.
00:15:30.240 | On the other hand, let's assume that you've decided, "I want to save more aggressively."
00:15:35.560 | Well if your income stays the same but you want to save $75,000 this year, you're going
00:15:41.600 | to necessarily have to decrease your spending to $25,000.
00:15:47.640 | Because an increase to savings results in a decrease of spending.
00:15:52.640 | That may be challenging.
00:15:55.120 | Because when you cut your spending from $50,000 to $25,000, you may find yourself in a situation
00:16:00.120 | where your lifestyle suffers.
00:16:06.560 | And because we want to live a rich life now, while also working towards financial freedom,
00:16:14.280 | you might find that there's a tension between these two.
00:16:20.600 | So what's the solution?
00:16:25.000 | In an algebraic equation, if income is on the left side of the equal sign and expenses
00:16:33.440 | and savings are on the right side, if we want both expenses and savings to go up, we increase
00:16:42.880 | income.
00:16:46.920 | If you increase your income to $150,000 per year, you can spend $75,000, which was one
00:16:57.720 | of your goals.
00:16:58.940 | You wanted to increase your expenses from $50,000 to $75,000.
00:17:02.520 | So you can spend $75,000 and live a richer life now.
00:17:07.060 | And you can also save $75,000, which means you'll get richer faster now too.
00:17:15.000 | Higher income allows you to increase your spending and to increase your savings.
00:17:23.600 | It allows you to have both.
00:17:27.640 | This is why it should always be a priority for you to raise your income.
00:17:36.560 | Because the higher your income, the higher your lifestyle now and the higher your wealth
00:17:41.680 | in the future.
00:17:45.240 | Perhaps this seems obvious to you, but from my experience working with flesh and blood
00:17:51.520 | clients, it's not obvious to most people.
00:17:56.660 | Most people spend more time thinking about their annual vacation than they do about how
00:18:02.860 | to increase their income.
00:18:06.420 | Most people spend more time griping and moaning about what's on their social media feed than
00:18:11.880 | they do preparing themselves to be worth more money in their workplace.
00:18:17.980 | Most people spend more time thinking about how they can get out of work than they do
00:18:22.900 | thinking about how they can put more into work.
00:18:30.300 | But work is the magic key to a high lifestyle and high wealth.
00:18:42.140 | Don't miss the importance of this point because you're blinded by the simplicity of it.
00:18:50.860 | I ask you today, what are you doing today that will result in your income increasing
00:18:58.420 | tomorrow?
00:19:02.540 | What's on your calendar this week that will result in your income increasing next year?
00:19:10.380 | What kind of planning have you been doing this year for your income to be higher a decade
00:19:16.700 | from now?
00:19:19.720 | If you just bump along randomly, your income will bump along randomly, sometimes up and
00:19:25.860 | down.
00:19:27.860 | Sometimes you'll get a cost of living raise, sometimes you won't.
00:19:32.100 | And you'll always be stuck in a world of scarcity.
00:19:37.220 | But if you'll focus in and be intentional about building your income, you can live in
00:19:48.000 | a world of abundance and an ever increasing abundance.
00:19:54.620 | The magic key to living a rich life now while also becoming wealthier is to make sure that
00:20:03.860 | your income is always going up.
00:20:08.260 | You want to get a little bit richer each and every day and you fund that with income.
00:20:15.460 | What can you do?
00:20:16.940 | Well, you can put in place a plan to increase your income.
00:20:23.380 | That's what I'm here to help you with, but even if you don't want to work with me on
00:20:26.100 | my plan or on developing your own plan with my input, here's one very simple action step
00:20:33.700 | that you can make.
00:20:35.900 | From now on, whenever your income increases from where it is, devote yourself to this
00:20:42.060 | simple practice.
00:20:45.520 | Save half, spend half.
00:20:49.980 | Save half, spend half.
00:20:53.100 | If you want something else that you don't have, figure out how to earn more money and
00:21:00.180 | save half, spend half.
00:21:02.500 | This is what I teach to my children.
00:21:06.060 | My oldest child has three bags of money.
00:21:12.700 | One bag is a spending bag, one bag is a giving bag, and one bag is an investing bag.
00:21:23.460 | His financial plan is very simple at this stage.
00:21:28.380 | One third of every dollar that comes into his life goes into giving.
00:21:33.740 | One third of every dollar that comes into his life is spending.
00:21:37.740 | One third of every dollar that goes into his life is investing.
00:21:41.900 | Now at the moment, those dollars come from me, but we're working diligently with him
00:21:46.940 | to help him transform that investment bag into more money.
00:21:51.900 | Recently he had a toy truck that he wanted to buy, and one of the benefits that I get
00:21:56.060 | out of giving my children a small steady allowance at this young phase is that I can automatically
00:22:02.380 | always say when he wants something, instead of having to decide yes or no, I just say,
00:22:06.100 | "Well, do you have enough money for it?"
00:22:08.180 | It's very helpful as a parenting tool.
00:22:10.220 | The answer is no, he didn't have enough money.
00:22:13.460 | So the question was, "Well, what can you do?
00:22:15.060 | How can you earn more money?"
00:22:17.500 | Well, the particular plan, we've worked on a number of different plans, but the plan
00:22:21.700 | for this last week was you could bake some bread and sell it.
00:22:28.140 | We had found a bread maker on the side of the road that my wife trash picked, and we
00:22:31.980 | brought it home, plugged it in, worked great.
00:22:34.340 | So he's not quite capable of kneading a loaf of bread, but he's at the stage where he can
00:22:38.620 | measure out ingredients.
00:22:40.580 | So we found a bread recipe.
00:22:42.340 | He measured out ingredients and pressed start, took the bread and sold it to a family friend
00:22:47.620 | for $2.
00:22:49.380 | We charged him 50 cents for the ingredient cost, which left him with $1.50 of profit.
00:22:55.060 | Well, his 50 cents for ingredient cost came out of his investment bag, and then the $1.50
00:23:03.100 | of profit was split up three ways.
00:23:06.980 | So he had another 50 cents towards the purchase of his toy truck.
00:23:10.940 | He had another 50 cents towards giving funds to give to people who are in need, and he
00:23:16.180 | had another 50 cents of investment money.
00:23:19.180 | By earning more money and allocating the growth to those categories, he is richer now in both
00:23:29.860 | money and life because he has money to give to others and he has more money to spend for
00:23:38.820 | himself, and he'll be richer in the future because his investment funds are growing.
00:23:47.580 | My hope for him, come back in 20 years or 30 years and let's see how it works, but my
00:23:52.900 | hope for him is every single day for the rest of his life, he will always, always grow wealthier.
00:24:04.220 | Why?
00:24:05.900 | Because that investment capital is never to be spent.
00:24:11.840 | It is only to be invested.
00:24:13.400 | It's only there to provide capital to buy ingredients to bake bread.
00:24:16.820 | It's only there to buy capital to buy things to sell at a higher price.
00:24:20.900 | It's only there to invest.
00:24:23.380 | Now that's for my four-year-old.
00:24:29.540 | What's your plan?
00:24:34.740 | I commend this simple plan to you.
00:24:43.220 | From now forward, put in place a plan to grow your income and for the rest of your life,
00:24:52.940 | make sure that as your income grows, you always save half and spend half.
00:25:01.660 | Save half and spend half.
00:25:06.340 | Don't let your spending cost your savings.
00:25:11.020 | Think back to our algebraic equation.
00:25:13.620 | If I equals S plus S, let me come up with another letter here.
00:25:19.260 | I on the left-hand side of the equation, I as income equals expenses.
00:25:25.620 | We'll go with expenses for spending.
00:25:26.700 | E plus S, so expenses plus savings.
00:25:31.700 | If you want expenses to go up, don't rob from S. Rather, build a higher I. I, income,
00:25:42.980 | equals expenses plus savings.
00:25:46.700 | Make sure by focusing on the I, the income on the left side of the equal sign, make sure
00:25:52.620 | that your E and S both go up.
00:25:57.220 | Help keep the I constant and rob from savings to have higher expenses or to rob from expenses
00:26:04.500 | to have a higher savings.
00:26:07.380 | Increase your I and you can live a richer life now and get richer for the rest of your
00:26:12.980 | life.
00:26:16.860 | I'm very excited to you to announce that I am opening registration today for my guide,
00:26:24.300 | my course, to help you with this process of increasing income.
00:26:30.140 | My intent with Radical Personal Finance is over time to build a virtual university of
00:26:37.180 | sorts.
00:26:38.180 | I often imagine myself with my children at perhaps the age of 15 or 20 years old.
00:26:46.100 | So I think of my son and my daughter at 15 or 20 years old and I pretend that I'm dead
00:26:51.820 | at 15 or 20.
00:26:52.820 | I had a big car accident.
00:26:53.820 | I'm dead and I'm gone.
00:26:55.180 | And I think, "How can I put together a curriculum, an educational program, a university of sorts
00:27:02.940 | that will teach them what to do about money?"
00:27:06.500 | That's my personal motivation.
00:27:08.140 | That's my personal driving factor and that's what I'm endeavoring to build for you.
00:27:14.340 | I found this process to be about 10 times harder than I thought it was going to be.
00:27:19.340 | I thought it was going to be easy and fast.
00:27:21.740 | Well, it's not been easy nor fast.
00:27:24.820 | Perhaps that was my own naivete showing through.
00:27:27.700 | But I'm getting better.
00:27:28.700 | A year ago, I launched the beta course of Radical Personal Finance.
00:27:32.700 | And in that beta course, I accepted 100 students to help me go through the first process of
00:27:39.420 | this.
00:27:40.420 | And I promised that to those particular students who joined me at that time, I promised that
00:27:44.500 | I would keep working on it and I would make it the very best that I could for them.
00:27:48.700 | That I would try to give everything that they need to do to know how to increase their income.
00:27:54.740 | I think the beta version was okay.
00:27:57.180 | I had a lot of good feedback from students.
00:28:00.780 | I had some negative feedback.
00:28:02.820 | I had a lot of things in my own, like it was a lot harder to do than I thought.
00:28:07.740 | So the feedback I got, I think I would judge it as okay.
00:28:10.980 | But we finished through version one and then I worked through and I've created now version
00:28:14.820 | two, which I am opening to you for registration for the next four weeks.
00:28:21.100 | The next four weeks only.
00:28:24.580 | For this particular course, at some point in time, it might be a standalone thing that
00:28:28.780 | people can join at any point in time.
00:28:31.660 | That'll be the plan for some variations of products in the future.
00:28:36.060 | But for this course, I want it to go through with a particular time that it is open.
00:28:40.340 | My hope is that all the students will be able to go through over the course of 12 weeks.
00:28:44.700 | But for the next four weeks, registration is going to be open.
00:28:47.740 | Today is May 9, 2018.
00:28:52.020 | Registration will close on June 6, 2018.
00:28:56.900 | So for the next four weeks, this particular course will be open.
00:29:00.940 | There are a total of currently 104 modules in the course.
00:29:07.060 | It is loosely organized, I mean, rephrase that, it's tightly organized around the things
00:29:12.700 | that I think are the most helpful.
00:29:14.620 | I have a module in there called Income Strategies for Desperate Situations.
00:29:19.900 | In that particular module, I seek to help somebody who's out of cash, broke, out of
00:29:23.820 | work, etc.
00:29:24.820 | I hope that none of my students need that, but it's there so that they can help other
00:29:27.900 | people.
00:29:29.180 | We have a module called Daily Actions for You to Take to 10X Your Income in the Next
00:29:33.140 | 10 Years, which is extensive and it's all about how do you take the opportunity you're
00:29:37.060 | in right now and develop that.
00:29:38.900 | I have an extensive philosophical module called Why Your Income Matters, more than just about
00:29:43.380 | anything else in your financial plan.
00:29:45.580 | What you've just heard on today's show was one tiny little section from that about how
00:29:50.100 | if you increase your income, you can build more lifestyle and become wealthier.
00:29:55.380 | But there is a lot of content there because if your motivation is high enough, you'll
00:29:59.180 | figure out what to do.
00:30:01.100 | And so there's an extensive amount there.
00:30:03.060 | I have information on transition plans, on how to transition jobs, careers, etc., both
00:30:08.100 | practical and philosophical.
00:30:10.940 | How to choose work that's right for you, lots of philosophical and practical tools there.
00:30:16.500 | And then how to earn a high and always increasing income, lots and lots of practical structural
00:30:22.380 | things.
00:30:23.380 | My ambition, my ambition with the content that I create is to focus in on timeless principles.
00:30:32.740 | I'm not a big fan of the short-term tactics, partly because, well, my mind just doesn't
00:30:39.540 | work in that way.
00:30:40.780 | I see plans in any context and their tactics will change depending on where you are.
00:30:46.380 | I'm interested in principles that will stand the test of time.
00:30:50.300 | My hope is whenever I finish up this financial planning career, I don't know how long I'll
00:30:55.020 | do it, but whenever I close this down and move on to another phase of my own personal
00:31:00.220 | work, my hope is that I'll be able to make an impact with principles, things that will
00:31:04.060 | stand, not just a few hot stock tips that'll work for today, but rather here are some principles
00:31:09.180 | that will stand the test of time.
00:31:11.420 | That's my personal ambition.
00:31:12.620 | So 90 to 95% of the content in the course is timeless.
00:31:17.900 | It's intended to be applicable at any time and it's intended to be applicable in any
00:31:24.380 | context.
00:31:25.380 | I have to modify that slightly to say any capitalist market-driven context.
00:31:31.820 | I say very clearly in the course, I can't help you if you work in a system of bureaucracy.
00:31:38.820 | If you're a government bureaucrat where you get paid more for simply staying there for
00:31:43.740 | longer, there's not a lot you can do except stay for longer or leave, or if you are in
00:31:49.140 | a closed economy, if you live in a communist system where I can help you when you're working
00:31:55.980 | in the free market, aka the black market, but I can't help you in the official system.
00:32:01.660 | Those systems are broken.
00:32:02.660 | They'll eventually fall apart.
00:32:03.940 | But I can help you if you live in an open free market economy.
00:32:07.800 | So if you have any interest in increasing your income, I would invite you to come by
00:32:10.900 | and check it out.
00:32:11.900 | The website for you to go to is RadicalPersonalFinance.com/IncreaseIncome.
00:32:17.980 | Again that's RadicalPersonalFinance.com/IncreaseIncome.
00:32:22.500 | Link also in the notes for today's show.
00:32:25.700 | Here is my desire for you to, or here is my recommendation for you for how to join the
00:32:33.300 | course and what I intend to do.
00:32:34.940 | The launch window, it'll be open for the next four weeks.
00:32:38.740 | Today again is May 9.
00:32:40.420 | Light registration will be open through Wednesday, June 6.
00:32:44.620 | However, each week the price will increase by $100.
00:32:50.100 | Currently the price for this course is $395.
00:32:54.660 | That is the initial introductory price.
00:32:57.060 | One week from today it'll go up to $495.
00:33:00.180 | One week after it'll go up to $595 and it will close out this particular launch cycle
00:33:04.780 | at $695.
00:33:10.940 | So my desire is to incentivize you to purchase now very quickly.
00:33:16.540 | In the next week until Wednesday, May 16, the price is the lowest that it'll ever be.
00:33:22.140 | I'll never sell it for less than this in the future and that price is $395.
00:33:26.740 | If you are a patron, log into the Patreon site and there is a discount there for you
00:33:32.060 | as a patron.
00:33:33.260 | So log in there before signing up for the course.
00:33:36.420 | But if you have any interest in working through this course with me, there are again about
00:33:39.660 | 104 lessons currently there in the course.
00:33:43.340 | Also I have weekly and bi-weekly conference calls scheduled over the next 12 weeks.
00:33:48.820 | So those calls will be extensive.
00:33:50.500 | You'll have extensive time to interact with me and other students.
00:33:53.460 | I will be very, very busy there in the comments answering all of your personal questions,
00:33:57.940 | seeking to help you to take the information from the public pre-recorded lessons and make
00:34:03.360 | it personal to you.
00:34:05.100 | I'll also be taking your feedback along the way as I tell the students in the actual course.
00:34:10.420 | I'll be taking your feedback and if something is unclear, I'll rework it.
00:34:14.660 | If you feel like there's something that's a little bit light and you'd like more information,
00:34:17.820 | I'll add additional components and modules to the course as time goes on based upon the
00:34:22.460 | audience feedback.
00:34:23.940 | So come on by radicalpersonalfinance.com/increaseincome if you have any interest in this.
00:34:29.140 | Oh, also, unconditional 30-day money back guarantee.
00:34:33.260 | So if you would just like to try it, check it out, come on by and purchase the course.
00:34:37.740 | Again, radicalpersonalfinance.com/increaseincome.
00:34:40.740 | For any reason, all of the information is there.
00:34:42.900 | All 104 modules are ready today.
00:34:45.180 | You don't have to wait on anything from me except those conference calls.
00:34:49.420 | But the first conference call is already scheduled for this coming Tuesday, May 14.
00:34:55.180 | So it'll be ready to go for you on Tuesday, May 14 for the first conference call.
00:34:59.840 | So you can buy today and you can be involved in the course for the next 30 days and with
00:35:05.240 | no questions asked, no reason, if you feel like for any reason you want your money back,
00:35:10.100 | you just send me an email.
00:35:11.100 | I won't ask a question.
00:35:12.100 | I will just simply make a refund your money within 30 days of the purchase price.
00:35:17.700 | So for the next week from today, May 9 until the end of the day on May 15, the price of
00:35:25.860 | the course is $395 and it will go up to $495 on Wednesday, May 16.
00:35:33.580 | Come on by radicalpersonalfinance.com/increaseincome and check out the course.
00:35:37.660 | I would love to work with you and to serve you to develop a plan to increase your income.
00:35:43.820 | As I close, my final pitch to you is this.
00:35:48.500 | Consider your lifestyle.
00:35:51.780 | Consider how much money you spend.
00:35:54.460 | Consider how much money you save and ask yourself this.
00:36:00.180 | If over the next three years I could increase my income by about 50%, what kind of difference
00:36:08.100 | would that make to my lifestyle and to my wealth plan?
00:36:14.380 | I guarantee you, you can put a plan in place to increase your income by 50% in the next
00:36:20.740 | three years.
00:36:21.740 | You can go higher, but I want to be modest with my, when I say I guarantee, I want to
00:36:27.460 | be modest with the use of that term.
00:36:30.820 | You can increase your income by 50% and along the way, you can also optimize your income.
00:36:39.300 | So how would that affect your life?
00:36:41.420 | Have you ever known anybody else who's increased their income by 50% in the course of three
00:36:45.380 | years?
00:36:46.380 | I've known a lot of people.
00:36:50.220 | What if you could double your income in the next five years?
00:36:54.580 | I'm very confident that you could double your income in the next five years.
00:37:01.160 | What if you could quadruple, quintuple, sextuple, septuple, octuple, 10X your income in the
00:37:09.660 | next 10 years?
00:37:13.300 | How would that increase and affect your lifestyle and your income?
00:37:17.900 | I'm convinced you can.
00:37:20.540 | I've done it.
00:37:22.620 | I'm still too close to the beginning of my career to say that I have fully, I've done
00:37:30.900 | it sort of.
00:37:31.900 | I'm almost there.
00:37:32.940 | I'll be there soon.
00:37:34.540 | I will have done it a few years from now and I've known a lot of other people who have
00:37:39.580 | done it.
00:37:41.580 | So that's enough of my pitch for today.
00:37:44.020 | If you want to get a great deal on a great course and you want to work with me to put
00:37:51.220 | in place a specific careful plan to help you increase your income dramatically while also
00:37:58.100 | simultaneously building your lifestyle, gaining more enjoyment and satisfaction from your
00:38:04.660 | work, come on by radicalpersonalfinance.com/increaseincome and buy today.
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00:38:40.940 | [BLANK_AUDIO]