Joshua Sheats from Radical Personal Finance breaks down his seven different stages of financial independence, 
Stage 0: Financial Dependence
Stage 1: Financial Solvency
Stage 2: Financial Stability
Stage 3: Debt Freedom
Stage 4: Financial Security
Stage 5: Financial Independence
Stage 6: Financial Freedom
Stage 7: Financial Abundance

This allows you to know where you are, and take incremental steps to move towards it

For full podcast go to > http://radicalpersonalfinance.com/174-the-stages-of-financial-independence-a-useful-roadmap-to-help-you-navigate-from-from-broke-to-financial-freedom/ 

Stages Of Financial Independence - Radical Personal Finance

In this short snippet, Joshua Sheats of Radical Personal Finance explains Stephen Covey's example of showing a group of students whether a glass is full.

The lesson learn here is that you cannot fill everything fully if you don't take care of the big things in life.

Full show can be view here > http://radicalpersonalfinance.com/273-three-budgets-establish-2016-time-money-food/

Budgeting: Start With The Big Rock First

Many people face the problem of jumping into something they think like a good idea, a career pivot, moving to a new place and purchasing something new.

And then it didn't turned out the way they wanted. 

Derek Sivers, the creator of CD Baby, answers this question in this Tim Ferris podcast 

The full podcast here> http://fourhourworkweek.com/2015/12/28/derek-sivers-reloaded-on-success-habits-and-billionaires-with-perfect-abs/

How Do You Know You Made The Right Choices In Life and not have too much regrets on Big Decisions

Derek Sivers, the creator of CD Baby explains how he defines success by going through some examples and the two areas that determine success: your emotional self and how much people you help.

Then he shares your ability to Focus, Learn, Practice and People skills will determine alot

Defining Success And The Key Skills And Habits Needed To Be A Success

Derek Sivers founder of CD Baby was asked the question of how would he get back up if he lost all his money.

Derek shares that based on his definition, he does not equate money with success, and what determines success is more emotional contentment for himself and how much people he helped.

He shares that for him, as he knows how to be Happy, Considerate and Learning he is contented.

Having millions is very good for financial security, but you won't be using it every day.

What he needs is the following:
- Quiet place to live alone
- Working Laptop
- Access to books and resources
- Enough Food
- Good Health
- 2 friends

With this setup he can be able read, write, learn, share and thrive

Essential skills across all discipline:

1. Focus
2. Learn
3. Practice

Full podcast here > http://fourhourworkweek.com/2015/12/28/derek-sivers-reloaded-on-success-habits-and-billionaires-with-perfect-abs/

What Makes An Introvert Happy, Contented and How To Get Back Up

This episode of art of charm 479 teaches us on a few interesting techniques:

- controlling the process: when bringing your team together to discuss on an agenda for an internal meeting
- framing when asking for a raise when budgets are tight
- framing about something bad that happens  e.g. wreck a car
- framing about a suggestion for your wife
- avoidance of the subject itself e.g. a raise and the solution for it
- total surrender: you can be totally present due to the surrender that you can be yourself


Framing the Stage for getting a Raise, Team Meetings and Breaking Bad News

Seth Godin got on a podcast with Tim Ferris and talks about an experiment he did about getting someone to buy $10 for $1.

He also disagree that measuring how much value you deliver by money is right as u can deliver value yet not make a lot of money.

Full Podcast here > http://fourhourworkweek.com/2016/02/10/seth-godin/ 

Seth Godin on Money, Value and Basic Survival

Very rational way of looking at how you should get out of debt, digging in and playing defensive with your lifestyle, before taking a sensible way of building wealth

Jack Spirko On Building Wealth

Ever encountered a situation where someone you know really could use some advice of wealth from you, but they just wont ask you, yet you feel they could really need these advice?

How should you give it to them?

On Giving Unsolicited Wealth Advice

You would typically not associate discipline with freedom. If you think deeper it is. If you can fine tune the things that you hold dear the most, what you most value in. you have much more freedom to pursue things you value in, that makes you the most happy.

Discipline Is Freedom - Be it Financial or in Life

You cannot sleep at night because you second guess yourself. How do you shut internal self doubt chatter down. Jocko Willink in Tim Ferris Podcast explain this might not be such a bad thing

- internal doubt is not necessary a bad thing. it is a form of humility which is a good thing
- fear of doubt keeps you up at night preparing
- that stops you from cutting corners. practice again, do it again. do every you can.

- it doesn't mean you lack confidence in what you are going to perform
- every iteration, drill, practice you do is going to drown out the negative chatter
- focus on what can you control and what you cannot control
- negative energy you put in cuts into your effectiveness

Kyith

Popular tracks