RPF0Short_Update-Courses_Consulting_and_What_a_Man_Really_Needs
00:00:00.000 | Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge,
00:00:04.000 | skills, insight, and encouragement you need to live a rich and meaningful life now while
00:00:08.720 | building a plan for financial freedom in 10 years or less.
00:00:12.120 | Just about a five-minute update for you, four quick points, and a couple of closing remarks
00:00:17.320 | to hopefully encourage you.
00:00:18.320 | I want you to know that I'm here and I am working with you through this time.
00:00:21.800 | I know it's been a very difficult time.
00:00:23.560 | We've gotten note after note and email after email of many of you just facing new changes
00:00:31.040 | as we all are.
00:00:32.360 | Many people laid off, losing their jobs, businesses being impacted.
00:00:35.640 | I just want you to know I care about it.
00:00:37.720 | I care about you.
00:00:39.840 | It's been a very tiring last few days, very wearing.
00:00:43.560 | I'm one of those emotional people that kind of emotes with, it sounds like a stupid word,
00:00:48.120 | emotes with people, but I feel your pain and I'm working with you.
00:00:52.080 | I've been mostly busy the last few days just working with a lot of consulting clients,
00:00:57.080 | trying to work through some problems.
00:00:58.080 | We've done everything from people doing well, how to capitalize on this, to people heading
00:01:05.040 | into bankruptcy and how do we protect against that.
00:01:08.840 | It's been quite the interesting experience and I'm so grateful to do that because one
00:01:12.760 | of the things I've realized, I've done a lot of consulting this year ever since I got my
00:01:16.920 | life stationary and it's really helped me a ton to just have better insight into what
00:01:23.600 | works and what doesn't.
00:01:24.600 | I'll be bringing some of those lessons to you as soon as I can.
00:01:29.000 | If you are in need of personal consultation, that's where most of my time is going this
00:01:33.540 | week and next week, email me joshua@radicalpersonalfinance.com.
00:01:36.880 | I'd be happy to work with you.
00:01:38.440 | I'm currently running a March Madness sale that's still on until the end of March.
00:01:43.200 | March Madness, so I'm discounting my consulting fees from $400 an hour to $250 an hour.
00:01:49.240 | I have yet to have an unsatisfied client even though we've had clients from every different
00:01:54.280 | stage of finances.
00:01:56.480 | If you'd like to talk about your specific situation, send me an email joshua@radicalpersonalfinance.com.
00:02:00.960 | I've also been updating courses this week.
00:02:03.560 | I had a couple of several update calls with some of my courses for my students of how
00:02:09.320 | to survive and thrive during the coming economic crisis.
00:02:13.880 | We had a live update on Monday where we talked in detail about, I shared what I'm doing to
00:02:18.280 | protect my money from additionally, you know, crises that are getting additionally more
00:02:23.720 | and more dangerous.
00:02:24.960 | We talked about what's working, what's not, answered a lot of questions about this current
00:02:28.640 | crisis.
00:02:29.640 | If you'd like access to that, then of course go to radicalpersonalfinance.com/store and
00:02:34.640 | join that course.
00:02:36.520 | 20% off coupon code for all of my courses right now using coupon code coronavirus.
00:02:42.280 | So go to radicalpersonalfinance.com/store and enter coronavirus if you'd like to try
00:02:46.400 | that course out.
00:02:47.400 | Also, I'm going to be finishing up this next week my course on radical preparedness.
00:02:51.680 | I got behind because the world started falling apart, but if you'd like that, it's not in
00:02:56.360 | the store right now because it's kind of a beta version, super cheap but a beta version.
00:03:01.240 | Go to radicalpreparedness.com and you can sign up there for that one.
00:03:05.040 | That one's very practical, kind of the nuts and bolts of practical family preparedness.
00:03:10.160 | If you are having financial trouble right now, businesses struggling, etc., I want you
00:03:15.280 | to count your blessings because frankly this is the best time to go broke.
00:03:20.200 | Sounds terrible, I know, but it's true that it's really frustrating and difficult to go
00:03:26.320 | broke when it's just you, but you know, when it's just you.
00:03:32.040 | You don't get a lot of mercy from the mortgage company when you can't pay your mortgage if
00:03:36.360 | you're the only one that can't pay your mortgage.
00:03:38.260 | You don't get a lot of leniency from your landlord about paying your rent when it's
00:03:42.920 | just you who's going broke at one time.
00:03:45.160 | You're out on the street pretty quickly.
00:03:47.460 | Best time to go broke is probably when everyone else is going broke as well.
00:03:51.240 | So if you can't pay your mortgage payment, you can't pay your rent payment, then be thankful
00:03:57.100 | that everyone else is in the same picture right now and fight.
00:04:03.120 | I don't have the time right now to finish the show, but I think the next show I'll be
00:04:06.640 | doing is going to be basically how to fight in the middle of this.
00:04:09.920 | So if you lost your job, stay tuned, keep an eye on your podcast feed and I'll release
00:04:14.260 | that episode soon.
00:04:15.820 | How to cut your finances quickly, how to be thoughtful, how to prioritize, how to deal
00:04:19.840 | with the emotion of it and just do kind of a cold logical analysis and how to do it.
00:04:25.720 | But at this point in time, everybody's in the same boat.
00:04:28.620 | Not everybody, many people are in the same boat with you.
00:04:31.280 | I have been encouraged though.
00:04:33.300 | Not everybody's going broke and that's really great because one of the things that you see
00:04:38.420 | right now is you see how good preparations really make the difference.
00:04:43.200 | Good financial preparations really make the difference.
00:04:46.480 | Having been prudent, those who've been prudent and have been careful are in good shape.
00:04:51.280 | And those who've thought carefully about their lifestyle and been prudent in advance are
00:04:56.040 | in good shape.
00:04:57.120 | And so at this point, still working to figure out the opportunities in investment markets,
00:05:01.240 | watching things carefully, not going to make any public comment here other than simply
00:05:05.320 | this.
00:05:06.320 | Stick to your plan.
00:05:07.320 | Consider what your goals are.
00:05:08.360 | Always start with goals.
00:05:09.720 | Investments should simply fund goals.
00:05:12.120 | That's it.
00:05:13.420 | Investments should fund goals.
00:05:15.040 | So start with goals.
00:05:17.120 | Once your goals are clear, the path to an investment plan is also going to be clear.
00:05:21.520 | So start with your goals.
00:05:23.200 | Then consider the various paths that you can use to achieve those goals.
00:05:28.300 | And consider the various investment outcomes, the various investment paths.
00:05:31.940 | But start with your goals.
00:05:34.080 | From there, make an investment plan and then implement it steadily.
00:05:40.920 | This time of turmoil that we're in is going to be the foundation of many, many fortunes.
00:05:46.160 | Now some of those fortunes are going to be based on people who had money on the side,
00:05:49.520 | who had capital to just simply put in.
00:05:52.000 | I've been waiting years for this recession and so I'm not excited about it because it
00:05:57.480 | comes with a huge amount of pain for people, which I don't like.
00:06:00.200 | But I am excited about it with the investment markets.
00:06:03.120 | And so if you've been sitting with cash on the side or you've got cash on the side, this
00:06:07.880 | is and is going to be a golden time.
00:06:10.360 | A lot of the timing of this depends on your goals and what exactly you're trying to do
00:06:16.480 | so that you can time it as best as you're able to.
00:06:20.340 | On the other hand, if you don't have a lot of money, this can still be an opportunity
00:06:23.880 | because often times like this completely change the marketplace.
00:06:29.140 | They completely show who is exposed and they create opportunities for those who are hustlers,
00:06:36.760 | those who are able to get in and be strategic and think, which is why you need to move so
00:06:40.160 | quickly.
00:06:41.320 | So these are times of certainly great loss, but when there's change in the marketplace
00:06:47.260 | that creates opportunity and I want you to be able to take advantage of that opportunity.
00:06:52.920 | Finally I've just been reflecting on truly how great life is and I do that a lot, especially
00:07:00.320 | during difficult times.
00:07:01.760 | Just try to count my blessings sounds trite, but it's really true.
00:07:05.400 | And a lot of reasons for that and I had some sick children the last few days as well and
00:07:10.160 | not coronavirus, just kind of standard sickness and some sick children, sick dogs for some
00:07:13.960 | reason.
00:07:15.800 | Watching at work quarantine in case it is something else, but I don't think it is.
00:07:20.820 | But just you reflect on it and with so much death around, you just reflect on how grateful
00:07:26.720 | you are to be alive and to be able to talk to those you love.
00:07:31.860 | Right now in Spain, they're piling bodies in ice rinks.
00:07:36.720 | I think the USA is probably a week behind Spain.
00:07:41.080 | This coming next few days are going to be huge in the bad way, massive.
00:07:48.240 | I continue to hope for the development of new therapies.
00:07:54.040 | The hydroxychloroquine stuff mixed with the Z-Pak, that stuff looks increasingly promising,
00:07:59.480 | but still no clear definitive answer right now.
00:08:04.240 | But pick up the phone and call someone you love and talk with them.
00:08:08.520 | Again, right now in Spain, they don't have any place to put the bodies.
00:08:11.400 | They're piling them in ice rinks.
00:08:14.000 | And as this thing continues, we're back on doing mass graves.
00:08:20.160 | And it's certainly devastating to the loss of life.
00:08:24.040 | So it just feels sometimes I sit down and I think, "Okay, I'm going to record a show
00:08:28.200 | on money."
00:08:30.680 | Obviously money is important, but sometimes I just feel like I can't talk about money
00:08:34.560 | because in light of the weightier things, in light of eternity, in light of people's
00:08:40.120 | families and lives, it just kind of feels hollow to talk about money sometimes.
00:08:46.280 | But to do with that, I want to close with a quote.
00:08:48.560 | I was reading, I found this quote.
00:08:52.040 | It was also in that book that I read the other day and I went and looked it up and then I
00:08:54.800 | got the book that it comes from.
00:08:57.460 | But this quote that I'm about to read comes from a book written by Sterling Hayden.
00:09:02.200 | The book is called Wanderer.
00:09:03.200 | It's kind of a classic evidently in the sailing community.
00:09:07.040 | I haven't read the book yet.
00:09:08.120 | I just found the quote and I went ahead and bought the book.
00:09:11.240 | But evidently Sterling Hayden, I didn't know much about him, but he had quite the life.
00:09:19.480 | And it's one of those stories of people going from the heights of society to taking a different
00:09:26.320 | – a very different scenario.
00:09:31.080 | Sterling Hayden was a movie star and at some point in time he – I'll just read the
00:09:36.720 | overview.
00:09:37.720 | It says from this book on Amazon.
00:09:42.080 | It says, "Sterling Hayden was at the peak of his earning power as a star when he suddenly
00:09:48.000 | quit.
00:09:49.000 | He walked out on Hollywood, walked out of a shattered marriage, defied the courts and
00:09:53.560 | broke and an outlaw set sail with his four children in the schooner Wanderer bound for
00:09:58.080 | the South Seas."
00:09:59.080 | And it just kind of shares his overall story.
00:10:04.280 | And so there's this quote that I found and I just thought it was interesting because
00:10:07.640 | it expresses a truth that sometimes people who live very broken lives can often express
00:10:15.080 | truths that some of us are simply too scared to acknowledge.
00:10:17.920 | You think about the – what's his name?
00:10:22.800 | The dude that went and lived in the bus up in Alaska and died up there, the blue bus
00:10:27.840 | guy, I can't remember the name.
00:10:29.020 | But here was Sterling Hayden's quote.
00:10:30.880 | It says, "To be truly challenging, a voyage like a life must rest on a firm foundation
00:10:36.800 | of financial unrest.
00:10:39.120 | Otherwise you are doomed to a routine traverse, the kind known to yachtsmen who play with
00:10:44.520 | their boats at sea, cruising it is called.
00:10:48.480 | Voyaging belongs to seamen and to the wanderers of the world who cannot or will not fit in.
00:10:54.720 | If you are contemplating a voyage and you have the means, abandon the venture until
00:10:58.680 | your fortunes change.
00:11:00.520 | Only then will you know what the sea is all about.
00:11:02.800 | I've always wanted to sail to the South Seas but I can't afford it.
00:11:06.720 | What these men can't afford is not to go.
00:11:09.400 | They are enmeshed in the cancerous discipline of security and in the worship of security
00:11:15.020 | we fling our lives beneath the wheels of routine and before we know it our lives are gone.
00:11:21.400 | What does a man need, really need?
00:11:24.320 | A few pounds of food each day, heat and shelter, six feet to lie down in and some form of working
00:11:31.500 | activity that will yield a sense of accomplishment.
00:11:35.000 | That's all, in the material sense, and we know it, but we are brainwashed by our economic
00:11:39.840 | system until we end up in a tomb beneath a pyramid of time payments, mortgages, preposterous
00:11:46.600 | gadgetry, playthings that divert our attention for the sheer idiocy of the charade.
00:11:52.360 | The years thunder by.
00:11:54.560 | The dreams of youth grow dim where they lie caked in dust on the shelves of patience.
00:12:00.200 | Before we know it, the tomb is sealed.
00:12:03.680 | Where then lies the answer?
00:12:06.200 | In choice, what shall it be?
00:12:09.720 | Bankruptcy of purse or bankruptcy of life?
00:12:13.480 | That's all I want to share with you today, but I'll be back soon with you soon to talk
00:12:19.960 | about bankruptcy and how to use tumultuous difficult times to move yourself onto a different
00:12:27.000 | path.
00:12:28.400 | Take heart, don't despair.
00:12:29.960 | I know this sounds trite, I'm aware of that, but I think it's true.
00:12:33.240 | One of the things I often encourage myself with when I'm in the middle of financial trouble
00:12:37.080 | is simply this.
00:12:39.080 | If money can solve my problems, my problems are really in the grand scheme of things not
00:12:44.800 | so significant.
00:12:49.360 | There are problems that cannot be solved with money, and those problems are very significant,
00:12:55.280 | but money problems in the fullness of time can usually be solved.
00:13:01.040 | We'll talk about some techniques and we'll talk about dealing with that as soon as I
00:13:05.720 | can go.
00:13:06.720 | Got to go work with some clients now.
00:13:08.200 | If you'd like to work with me privately, it's a big focus of mine right now, email me joshua@radicalpersonalfinance.com.
00:13:15.840 | Use coupon code "MARCHMADNESS" in that email and I'll get you all the details on how to
00:13:18.900 | work with me.
00:13:19.900 | Joshua@radicalpersonalfinance.com.
00:13:20.900 | Remember, my course is at radicalpersonalfinance.com/store.
00:13:24.720 | If you'd like the practical family preparedness course, do that at radicalpreparedness.com.
00:13:28.920 | We'll be finishing that off this week.
00:13:31.280 | Do more together this holiday in a new Chevy.
00:13:35.160 | Take on more adventure in the strong and capable Chevy Silverado.
00:13:38.920 | More confidence in the Chevy Equinox.
00:13:41.000 | Winner of the JD Power Award for initial quality among compact SUVs, two years running.
00:13:45.520 | And more value in the all new Chevy Trax with an available 11-inch diagonal touchscreen.
00:13:50.520 | Bring the holidays together in a new Chevy.
00:13:53.120 | Click to learn more.
00:13:54.560 | Chevrolet, together let's drive.
00:13:56.760 | For JD Power 2023 US Initial Quality Study Award information, visit jdpower.com/awards.