0:00

Greetings

0:00

friends. This is Joshua Sheets, and today

0:02

I'd like to let you know about a sale

0:04

that I'm running on my consulting services.

0:07

Right now, for a limited time, I am celebrating

0:10

a Black Friday sale on

0:12

my personal consultations. If you would like

0:14

to book at rate of savings

0:16

of a hundred and fifty dollars an hour off of my

0:18

normal rate, go to radical personal

0:20

finance dot com slash Consulting.

0:23

where you book radical personal finance dot com

0:25

slash consult. That will give you an

0:27

automated booking page. You can see the times

0:29

that I'm available. You'll just simply choose

0:32

the time, put in your email address, put in a credit

0:34

card number, and the system will bill you, and

0:36

we will be set up to speak at some

0:38

time over the next couple of weeks. I'm running

0:40

the sale. You guys seemed like sales. My

0:43

rate over the last year and a half, I

0:45

have build at a rate when I do consulting

0:47

at five hundred dollars per hour, which seems

0:49

like a great rate, but the the calls trickle

0:51

in. But then when I run one of these sales, you all flood

0:54

in. And so I try to keep

0:56

it keep the sales moderate in

0:58

terms of the number of slots, but

1:00

I do love it when I do love it when

1:02

talked to you guys. really I really enjoy it. I

1:04

enjoy serving you. And I know that many

1:06

of you appreciate and value the service.

1:08

And so the Black Friday sale savings

1:11

rate is a hundred and fifty dollars an hour off,

1:13

so it'll be at three hundred and fifty dollars an hour

1:15

instead of five hundred dollars. So again,

1:17

if you would like to book go to radical personal

1:20

finance dot com slash consult. I

1:22

have opened up a total of fifty

1:24

slots. There are fifty available slots.

1:27

Once those fifty appointment slots are

1:29

filled, then the sale will be over

1:31

and we will be back to

1:34

we'll be back to kind of normal affairs.

1:36

Also, I don't

1:38

have any appointment slots available in the

1:40

future. I'm not saying I won't do

1:42

it again in the future. but we

1:45

finished up, you know, quite a

1:47

bit of travel this summer. We're

1:49

expecting a baby in January, and so

1:51

I don't have any specific plans

1:53

to bring back consulting in in the coming

1:55

year. So if you'd like to talk to me, this

1:57

is the best way for you to do that.

1:59

If you'd like to get my insight and

2:01

my thoughts and my advice on

2:03

your situation. If

2:05

that's remember, always remember, by the way,

2:07

if the consulting calls are

2:10

outside of your or if you don't mind

2:12

talking about your affairs publicly, remember

2:14

that you're also always welcome to call in on a Friday

2:16

q and a show. I handle

2:18

those Friday q and a shows in a fairly free and open

2:21

open way. So if you just have a simple or

2:23

quick question, then you would join the Friday

2:25

q and a shows, that'll be your best deal. But if you'd like talk

2:27

with me in a comprehensive way, review

2:29

detailed facts, figures of your situation, then

2:31

book a consulting call, radical personal finance dot

2:33

com slash consult. limited

2:36

time only fifty slots available

2:38

when those are gone, they are

2:40

gone. Let me share

2:42

with you a little bit about some of the things that I

2:44

can do for you. that that might

2:46

be helpful and useful to

2:48

you. So first of all,

2:51

while I often minimize my

2:54

personal financial planning credentials

2:56

when I'm talking about things. I guess, III

2:59

value modesty and I I probably

3:01

should talk about it more. I am

3:03

a highly credentialed financial adviser

3:05

with a significant amount of professional

3:07

experience. Again, If you

3:09

wanna hear my ability or my

3:12

advice, just listen to one of the Friday q and a

3:14

shows and you can that's my resume right there.

3:16

But I do have a long list

3:18

of formal credentials that

3:21

are probably more significant than most financial

3:23

professionals with whom you might interact. I

3:25

have a degree in financial

3:27

planning. I am a certified financial

3:29

planner. I have a chartered life

3:32

underwriter designation as well as a

3:34

chartered financial consultant designation. I'm

3:36

a chartered advisor for senior living specializing

3:39

in retirement and elder issues.

3:42

I am a registered health underwriter

3:45

with knowledge and experience in the health insurance

3:47

space. I'm a registered employee

3:49

benefits Consultants and a

3:51

chartered advisor of philanthropy.

3:54

So those are my current formal

3:56

designations. I haven't added any new ones

3:58

over the last few years. but I need to get

4:00

back to get back to the books and add

4:02

a few more. There's I have a list of three or four

4:04

of them that I'm interested in.

4:06

I may in the future add a CPA

4:08

designation or an EA designation

4:10

more likely, as well

4:14

as a divorce consultant

4:17

designation as well

4:19

as one of the college, I'm

4:21

interested in one of the college planning

4:23

designations that I think is pretty good. but I haven't

4:26

added those yet. So we'll see. The point is that

4:28

I do have a significant amount of professional

4:30

education in the field as well

4:32

as extensive practical experience.

4:34

If you'd like to talk to a financial adviser who

4:37

has a deep breadth, a

4:39

deep level of education and

4:41

experience in a wide variety of

4:43

of levels, I'm your man. The

4:46

most interesting thing about

4:48

talking to me, however, is that

4:50

because of the way that I do these consultations,

4:52

we can avoid the vast

4:54

majority of conflicts of interest.

4:57

I do not sell any

4:59

financial products. I no longer

5:01

have an insurance license. I no

5:03

longer have any securities licenses.

5:06

So I do not sell any financial

5:08

products. The only thing I

5:10

sell is my advice. And

5:12

when you buy my advice, you buy it

5:14

specifically on an hourly

5:16

basis. You can book as many

5:18

hours as you like with me

5:21

if you want to speak to me, but I

5:23

do not I don't

5:25

I'm not offering plans or even enrollment

5:28

subscriptions or options or things like

5:30

that. I I work with

5:32

handful of private consulting clients

5:34

that I do work with on an ongoing basis

5:36

with regular weekly coaching

5:39

calls. but that's not something that

5:41

I make publicly available. That's

5:43

something that I hand select the

5:45

people to whom I offer that who

5:48

all enter the door with an hourly consulting

5:51

call. So I

5:53

very rarely offer that. So the vast majority

5:55

of my work is just simply done

5:57

on on the basis of a one hour consulting

5:59

call. So what that means to you

6:01

is that we can avoid the vast majority

6:03

of the conflicts of interest. you can be

6:06

confident that I'm not gonna show up to sell you something

6:08

that you don't need. I'm not and

6:10

I have no financial incentive to give

6:12

anything other than my honest opinion. And

6:14

so the way it works is the

6:17

way consulting calls work is I

6:19

give you my email address and you're welcome to email

6:21

me in advance any notes that you want

6:23

to do. want to make most of my

6:26

Consulting, will spend some time

6:28

writing out one to three

6:30

pages of narrative about their situation, their

6:32

background details, They'll provide me

6:34

with a balance sheet. Some people provide

6:36

me with account statements, things like that,

6:38

and I review all of that information prior

6:40

to the call. then we show up

6:42

to a scheduled call. It happens on

6:44

Zoom, and we show up to a

6:46

scheduled Zoom call. And in that

6:48

scheduled Zoom call, I am available to answer

6:50

any questions, give any advice, give any comments,

6:52

give any feedback, etcetera, about

6:54

any area that is of interest

6:57

to you. You are welcome

6:59

to record the call so that you can reference

7:01

it later. You can make any notes that

7:03

you like. And when the call is

7:05

over, then we're done. And so

7:07

it's a great and appropriate way

7:11

to do it. As I've talked about

7:13

in public shows, where I've commented

7:15

on hourly

7:17

financial consulting, etcetera. I

7:19

think that this is a very useful service

7:21

to have available where it allows a financial

7:23

adviser to give his opinion. in

7:26

a in a way, but it's not it

7:28

it's not a huge moneymaker. And I know

7:30

that that sounds if you're earning,

7:32

you know, thirty dollars an hour, I know it

7:34

sounds bizarre

7:36

and out of touch for me to say it's not a

7:38

huge moneymaker when I build normally at

7:40

Friday five hundred dollars an hour. It's

7:43

not, though. And what I mean by that

7:45

is the amount of other work that goes into

7:47

this kind of business to attract those those

7:51

is so significant that while

7:53

I'm certainly very grateful and honored

7:55

to be able to earn a

7:57

significantly above average salary, the

7:59

easier money in financial services is

8:02

selling products. But I've

8:04

chosen to sell my advice instead

8:06

and I appreciate those of you who who recognize

8:08

that and who just want the advice. So

8:11

the point is that

8:13

I will provide you with my

8:15

opinion. I'll give you my advice.

8:17

I'll one of the things I'm very good at is

8:19

telling you exactly why, I think, what

8:21

I think. You're welcome to hear

8:23

it or to reject it. However, you like

8:26

but I'll always tell you exactly why I think

8:28

this is the answer to your

8:30

question, and then you can judge

8:33

it for yourself. So that's how the

8:35

that's how it works. My experience,

8:37

having done this for a number of years, here are some

8:39

of the most common areas

8:42

that I hear. most common

8:45

areas of discussion that I wind up having.

8:47

Number one is I wind up

8:49

providing a second opinion in many

8:51

cases for other

8:53

advisers input. Very frequently,

8:56

when you are working with a

8:58

financial adviser, especially with sizable

9:02

accounts or large transactions or

9:04

large purchases. It's nice to get a second

9:06

opinion. And so I can

9:08

provide and do provide a

9:10

second opinion, unbiased opinion. If

9:12

you want to check up on your other advisers,

9:15

then I'm happy to do that. The

9:17

only thing that I legally can't do

9:19

because I do not maintain any

9:21

securities licenses is I cannot

9:23

provide any commentary on specific

9:26

investments. I can't tell you to buy or

9:28

sell a stock or a mutual

9:30

fund. That would approach the

9:32

type of business that is necessary

9:34

for licensure. And so I can't

9:36

tell you specific, oh, sell this stock

9:38

and buy that one. That's a licensed

9:40

occupation. What I can do is provide

9:42

general background on things

9:44

like asset allocation. I can talk about

9:46

risk profiles. I can talk about things

9:48

in a generalized way without specifically

9:50

telling you to buy or sell.

9:52

an investment, specifically

9:55

security. In addition, I

9:57

can't do the I can't tell you to buy

9:59

or sell a an insurance policy

10:01

because I'm not licensed anymore with to

10:03

sell insurance. And again,

10:05

that's a that's a that's a activity

10:07

that is restricted to licensure. So

10:09

I can provide background information,

10:12

general ideas on insurance.

10:14

I can tell you the use you know,

10:16

that I can explain to you everything

10:18

from a very broad

10:20

perspective, and I can give you the background so that you

10:22

can make your decision. I just can't tell to

10:24

you, hey, you should sell this policy and go

10:26

buy this one. I don't even provide

10:28

any referrals to insurance agents to minimize

10:30

that conflict of interest. I could.

10:32

I've thought about it many times, but at the moment,

10:34

I don't I don't provide referrals to

10:36

agents or brokers or anything like that. So it's just

10:39

simple. So I can go pretty far. I

10:41

just can't specifically make a buyer sell

10:43

recommendation because that's something that you would a for

10:45

and no longer have those licenses. So

10:48

it's common that I'll provide a second

10:50

opinion. Another common area is talking

10:52

through retirement planning. I

10:54

find that a significant number of

10:57

my audience members are

10:59

interested in topics relating to

11:01

early retirement or

11:03

even just traditional retirement. And so I

11:05

have spent quite a lot of time

11:07

consulting on these topics. In my

11:09

experience, a component of

11:11

that is kind of a financial readiness

11:14

index. So we go through and we talk about are you

11:16

financially Friday? But I'll tell

11:18

you, I'll I'll I'll just give it to you

11:20

straight. The vast majority of times when

11:22

somebody calls me, they are ready. What

11:24

what I have found that is

11:26

more common is that

11:28

I talk with people about unique

11:31

ways to go far beyond

11:33

being ready. As you know, I'm not a

11:35

big fan of retirement per

11:37

se. if by retirement, we mean the

11:39

traditional concept of

11:42

of just, you know, work for work till you're sixty five

11:44

and then quit and do nothing and watch TV. Now,

11:46

obviously, no one no one does that. But the point

11:48

is that this is the idea that some people

11:50

have. My listeners don't. Where

11:52

I have really come

11:54

to excel over the past

11:56

years. is with providing an

11:58

alternative viewpoint to

11:59

help people to to

12:02

see the freedom that they have and

12:04

then use their life in a more

12:06

productive way. So sometimes that

12:08

means personal pursuits

12:10

of enjoyment. Right? Travel, etcetera. I love

12:13

to travel. I've provided, you know, and

12:15

talk to people about travel sometimes. But

12:17

often, it means the ways of giving

12:19

back or ways to struck your life so that you don't have

12:21

to retire. And I've I've developed a real

12:23

skill set in that area of

12:25

really helping people. And then ironically, This

12:27

has resulted in my being able to help

12:30

people feel a lot richer

12:32

earlier. It's interesting how

12:34

many people there are, especially in the United

12:36

States and and Canada and other

12:38

wealthy countries. There's so many

12:40

people that have, you know, half a million dollars

12:42

saved. A million dollars saved.

12:44

And they they can't

12:46

retire. If by retire, what we mean

12:48

is quit and do

12:50

nothing. But what they can do is they can

12:52

reinvent their life. and I'm really good

12:54

at helping you think through the

12:56

issues, clarify what your desires are,

12:58

and then give a practical financial

13:00

plan that will help you to do that. So that's

13:03

fairly that's that's fairly common

13:05

discussion. And that can benefit people of

13:07

all ages. I've I've I've

13:09

really enjoyed working with many people in the

13:11

thirties and forties and basically

13:13

help people to get out of the trap of thinking that

13:15

you gotta work until you're sixty five.

13:18

And and you can reinvent

13:20

things significantly. Another

13:23

very common area of

13:25

discussion over the last few years has been the world of

13:27

internationalization. I never set

13:29

out to become kind of an international

13:31

consultant. I suit it because I was interested

13:33

in it for myself. And then I've

13:35

shared with you on the show some of the things that I

13:37

have learned because I I believe that it

13:39

solves a significant number of problems.

13:41

And I just have sold

13:43

a number of courses over the years. I still have one.

13:45

Right? International skateplan dot com, that's

13:48

available on the market right now. and

13:50

so that's available. And so

13:53

but but what I have found over the years is

13:55

that probably twenty percent of my calls

13:57

now relate to something related to internationalization.

13:59

And well, I

14:02

don't profess to be the world's

14:04

most knowledgeable experts I

14:06

admire and respect the people who have large

14:08

businesses built in in that scenario.

14:11

Developed quite a bit of practical tease having

14:13

done this stuff myself now for a good

14:15

number of years and have a study having

14:17

studied it pretty intensively. So if you

14:19

think there's any component of internationalization

14:21

that could be help full to your

14:23

plan, your freedom, then

14:25

I'd be happy to work with you on that

14:27

as well. What is internationalization? And it often

14:30

refers to getting second

14:32

citizenship. So you have freedom in case

14:34

your country poses a draft

14:36

or comes out with some onerous

14:38

law saying where you can travel and where

14:40

you can't travel or what medical freedoms you have or don't

14:42

have things like that. It relates

14:44

to second residencies, having

14:46

getting the illegal permission to go and

14:49

live in another country so

14:51

that you have multiple options, places

14:53

you can live. Sometimes those residences

14:55

turn into citizenships, etcetera.

14:57

relates to international banking, how to

14:59

set up international accounts, international

15:01

bank accounts, so you have diversification

15:03

of your money, diversification of your currency.

15:06

Sometimes we get into gold

15:08

storage, things like that. We

15:10

do do a good bound of

15:12

Consulting, right, with this course

15:14

that Gabriel, custodia and I

15:17

have developed. We've we've done a good bit of Bitcoin

15:19

consulting and and how to buy Bitcoin

15:21

privately and anonymously, and that's a component of

15:23

internationalization in in some cases. And

15:25

then sometimes just international living. How

15:28

can you live well? Get more

15:30

bang for your buck, live in a earning

15:32

dollar, spend in pesos, enjoy

15:34

a a more freedom of freedom

15:36

oriented and and interesting international

15:38

lifestyle. And I often share personal

15:40

details on consulting calls that I don't share in

15:42

public just protect Friday of my family.

15:45

And so that's

15:47

a that's a component of of

15:50

things as well. And it's been fairly popular, and I

15:52

really have enjoyed that. Again, another

15:54

benefit is I don't have any I

15:56

don't make any commissions. I don't refer business.

15:58

I don't have lawyers that I'm working with,

16:00

etcetera. I don't think that's a problem for those

16:02

who do. I'm just telling you, I don't.

16:04

And so I respect the many good

16:06

consultants who have gone out there and

16:08

developed those relationships and brought those

16:11

specific things to perspective. If that's what you're

16:13

looking for, then I encourage you to to to

16:15

engage with another consultant. I'll

16:17

just tell you my hard won experience from

16:19

having spent tens of thousands of dollars

16:21

trumping around the world with four children

16:23

in tow and

16:25

kind of setting this stuff up. I have I

16:27

have done it successful. I have over

16:29

the last coming up in three

16:31

years no. More than three years now. Over the

16:34

last three years of

16:36

trumping around the world, I've I've set up

16:38

multiple residencies, multiple citizenships,

16:41

multiple bank accounts diversified around

16:43

the world. I've done it. And

16:45

there's something about having done it that

16:47

gives you a little bit more perspective on

16:49

it. And so that's that's another

16:51

component. There are many other things as

16:53

well. I tell you who I don't get the I

16:55

do a good amount of career planning. Right? In the past,

16:57

I've sold a course on career planning. and

17:00

it's not a huge component, but I wish there

17:02

were more. I have

17:04

I have often wished for one of

17:06

the things I love about running a sail

17:08

is it makes my services more accessible for

17:11

people who are perhaps not

17:13

yet mega wealthy or who are

17:15

not accustomed to paying kind of normal

17:17

professional rates for financial advice.

17:19

And so from time to time, I'm thrilled when

17:21

I get a call from somebody who is

17:23

young, who is getting started, somebody

17:25

who maybe is doing fine, but wants to

17:27

go to the next level because

17:29

we can really get into

17:32

next level career

17:34

advice really focusing on how do you

17:36

turbocharge your career, interesting

17:38

kind of national global opportunities,

17:40

changing industries, etcetera.

17:43

And so if you earn money, you

17:45

know, in my career, an income course,

17:47

the entire focus is on ten x

17:49

in your income in ten years or less.

17:51

and I can personalize

17:54

that advice for you in a really effective

17:56

way. And I promise

17:58

your money will be very well spent.

18:00

So there's more, I'm sure.

18:03

But again, my my work is

18:05

is I mean, it's all public.

18:07

Right? You can assess for yourself. If you're listening

18:09

to this, I don't know what I could do to

18:11

convince you. You can go and listen to

18:13

my podcast. If you can't afford the money,

18:15

then just go and listen to, you know, the

18:17

nine hundred episodes of Radhika First a finance

18:19

that's all available for free, and most

18:21

of the great ideas are probably sprinkled in there.

18:23

If you want to spit the the right

18:25

place for consulting quick lesson for you

18:27

on how to engage proproperly with

18:30

services. When you are

18:32

when you are young, there there

18:34

are two aspects of it. Number

18:36

one is has to do with age

18:38

and time versus money. And the

18:40

other thing has to do with

18:42

spending money to cut out

18:44

time. So first, when you are young, most

18:47

young people have quite a lot of

18:49

time and not a lot of money. And

18:51

so when you are young, one of the

18:53

best things that you can do is

18:55

be careful with your money and

18:57

focus on frugal options to

19:00

absorb information. This

19:02

is why for young We encourage extensive

19:04

reading, extensive listening of

19:06

of free materials, podcasts, YouTube

19:08

videos, etcetera. gain the

19:10

information that's out there and then think about

19:12

applying it to yourself. As you get

19:14

older, your time starts to get much shorter

19:16

and your money starts to get

19:18

more significant. And as your income

19:20

increases, one of the

19:22

secrets is to always take your income and invest

19:24

it back into yourself. And

19:26

so It's hard to come up with a proper number, but I would say something

19:28

like five percent of your income is what

19:30

should be invested into

19:33

yourself and into your own knowledge and skills on

19:35

a regular basis. You can go higher than

19:37

that if it allows and so and and I

19:39

don't have a perfect formula for that.

19:41

but I've always aimed for about five

19:44

percent. And so what that means is, you

19:46

know, if you're earning fifty thousand dollars,

19:48

then five percent of that is, of course, two thousand

19:50

five hundred dollars. And so your

19:52

annual budget, in my

19:54

opinion, of of investing into

19:56

yourself, should be about two

19:58

thousand five hundred dollars.

20:00

Now, that that money can

20:02

be very effectively spent

20:04

largely on group level

20:06

courses. Right? Books are your

20:08

best value. in terms of information density per

20:10

dollar spent. You can get a ten

20:12

or twenty or fifty dollar book and get

20:14

massive information density. for

20:16

that. And so maybe you spend a hundred

20:18

dollars a month on books that comes out to

20:20

twelve hundred dollars a year. That's half

20:22

of your budget. in most cases,

20:24

for somebody who's getting started

20:27

there, your other budget should be spent on things

20:29

like classes. Those can be

20:31

digital courses classes, seminars,

20:35

various kinds. And most of

20:37

this should relate to your

20:39

primary income generating activities.

20:42

And so your course

20:44

selection should be connected to

20:46

your, again,

20:48

your job, your career, either

20:50

your current one or the one that you would like to move into.

20:53

And so you can pretty easily spend twenty

20:55

five hundred dollars a

20:57

year on

21:00

on books and on courses, etcetera.

21:02

If you start hiring people

21:04

at, you know, five hundred dollars

21:07

an hour, that could be

21:09

useful if those people are really good and

21:11

can really deliver. But you could burn through

21:13

money pretty quickly at

21:15

that rate. Now as your income goes usually due to age, let's

21:17

say you're earning a hundred and fifty thousand dollars per

21:19

year, and you're targeting spending five

21:21

percent of your budget on yourself

21:23

and on your improvement. that's

21:25

seven thousand five hundred dollars.

21:27

Pretty quickly, it becomes much more

21:29

difficult to spend that

21:31

on generalized advice. And

21:33

as you advancing your career, it

21:35

becomes much more profitable

21:37

to spend it on

21:40

experts in specific focus

21:42

industries and and and focusing on your

21:44

life. So you might still

21:46

spend a thousand dollars a year on

21:48

books. you might spend three thousand dollars a year

21:51

on conferences. But

21:55

your your budget still now needs to

21:57

now you're gonna wind up hiring personal

21:59

consultants. And by the way, I use

22:01

this term very broadly. shouldn't

22:03

all be a financial advisor. Financial advisor might be one

22:05

component of it, but it might be

22:07

a personal trainer, it might be a therapist, it might

22:09

be a career coach, It

22:11

might be an industry expert who can advise you

22:13

on something related to your career. This varies

22:16

depending on the person. The point is as

22:18

your income goes up, then

22:20

now you can you can get more

22:23

more usefulness from

22:26

personalized advice. The

22:28

other aspect of this is

22:30

your general knowledge will now allow

22:32

you to better assimilate and

22:34

act on personal advice. Let's use

22:37

health and weight loss example. If

22:41

you have you know, in in the

22:43

beginning let's say you're fat and you're out of shape and

22:45

you wanna you wanna improve your

22:47

your health and physique. Well,

22:49

probably just about any program

22:51

will do, meaning anybody who's

22:53

gone together and put together a program

22:55

That'll do. Any book you pick up from the

22:57

bookstore, it's probably a good place to start.

23:00

And any generic thing is

23:02

is ideal for you.

23:04

But as your skills grow,

23:07

then you need more and more

23:09

specific advice. So compare

23:12

I don't know. Who do we pick? Right?

23:15

the rock. Right? So when

23:17

when Duane the rock Johnson

23:19

was a young lad, then he could

23:21

just go to the gym, pump iron, and

23:23

make make gains go with his buddies, eat

23:25

normal food, etcetera. As he

23:28

got older and his income

23:30

increased, then his body

23:32

became a more and more crucial part

23:34

of his personal brand. And

23:36

as his muscular development

23:39

increased, then he needed more

23:41

and more expertise tease to advise

23:43

him on his personal

23:47

on his personal muscular development.

23:49

And so at this point, he has,

23:52

you know, the world's greatest

23:54

personal trainer who is looking

23:56

at his movie roles, thinking about

23:58

his physique, and designing

24:00

very very careful exercise

24:03

regimes that are

24:05

tailored specifically to his needs and

24:07

his body's ability to grow muscle

24:09

to to to thin

24:11

lean out, to faten up, whatever it is

24:13

that's appropriate for the roles that he's engaging

24:16

in. He's got at least,

24:18

I mean, probably a team of doctors, but

24:20

he's got personal doctors who are overseeing

24:22

his personal health, all of his

24:25

biomarkers, He's got world class

24:27

doctors with chemical

24:30

expertise who are supervising his

24:32

supplement stack, his drugs, his

24:35

know, the the steroids and testosterone

24:37

and everything and they're carefully watching

24:39

it. They're watching his liver results trying

24:41

to balance his his his again,

24:43

his drug stack with his personal health,

24:46

etcetera. He's got trainers

24:48

that are people who are dedicated to

24:50

making sure that he always has his

24:52

gym set up. He's personal assistant. He travels with a

24:54

gym when he goes on set. He's got

24:56

a personal chef who cooks all of his meals

24:58

exactly to his macro requirements as laid

25:00

out by his dietitian etcetera. And

25:02

the point is, you know, this

25:04

is just one example. There's no

25:06

different from a professional athlete, etcetera.

25:09

but you don't need he didn't need any of that

25:11

when he first got started. He needed

25:13

that down the road. He but he didn't need that when he

25:15

first got started. When he first got started, he just needed to

25:17

be in the gym lifting weights. And at virtually

25:20

all levels of performance, you

25:22

you find the same themes.

25:24

If we continue picking on the rock,

25:26

right, with his act In the beginning, he

25:28

was probably a very poor actor. Certainly,

25:31

he was a very poor actor. And so he any

25:33

generic acting coach was appropriate for

25:35

him. And as he passed along, then

25:38

he progressively moved up

25:40

to better and better coaches and

25:42

I don't know anything about his acting coaches, but no doubt

25:44

he has the world's best team of them

25:46

that are appropriate, some hired

25:48

by him, etcetera. And so as

25:51

your as your economic engine

25:53

grows, then the amount of money that you spend

25:55

on on things, increases.

25:59

And what you do is you move from

26:01

generalized advice to

26:03

personalized advice. And it's the same

26:05

in virtually all areas of

26:07

success. your

26:09

physical coaches, your your doctors, your

26:11

your trainers, etcetera, your

26:14

mental coaches, whether

26:16

it's a therapist, a

26:19

business coach, a performance

26:21

coach, etcetera. it's

26:23

coaches and advisors for your

26:25

your specific industry.

26:27

In some cases, if you're

26:29

in sales, then it sales training and

26:31

sales coaches. If you're in science, then it's

26:34

the world's greatest scientific minds

26:36

and, you know, who's gonna be my

26:38

my PhD. mentor,

26:41

etcetera, or who's gonna be my post

26:43

grad mentor that I'm gonna publish with,

26:45

etcetera. Every industry has its own

26:47

ripples, wrinkles. The point is that as you grow,

26:49

you move from this generalized knowledge to the

26:51

specific knowledge. Now here's the other

26:53

aspect though. The thing that I

26:55

have never I've never known

26:57

exactly how to say

26:59

or or to to to model. To I

27:01

haven't built the perfect mental model for it.

27:04

There's no doubt that when you're young, you

27:06

have more time than money.

27:09

And

27:09

yet,

27:12

can a high

27:13

priced coach

27:15

save you a lot

27:17

of time so that you get more money

27:19

faster when you still have

27:22

a time. My answer is I

27:24

think so. I think so. And I

27:26

wanna qualify that. You need to look

27:28

at it usually. In

27:32

many cases, the thing that the coach might

27:34

say is, this is not necessary. Right?

27:36

If you're not fifty five years

27:38

old trying to maintain

27:42

maintain the super jacked

27:44

superhero physique, or if

27:46

you're not trying to put fifty pounds

27:48

of muscle in one month so that you can

27:50

start in a role. You don't need

27:52

the world's greatest chemical

27:54

advisors on what drugs to put into your

27:56

body to help that to happen. You

27:59

just need someone and so that

28:01

that expert would say, no, you're not at this level.

28:03

You don't need You just go and and go

28:05

to the gym and be in there three times a week and

28:07

lift, etcetera. But along the

28:09

way,

28:10

paying for

28:11

information will and and better

28:14

advice will often help you make more

28:16

progress. And I like to

28:18

believe, and I've got

28:20

a good stable of of satisfied clients

28:22

who would affirm this, but I'd like to believe that I

28:24

can help you cut a lot

28:26

of years off of your

28:29

your journey. What I think

28:31

is not helpful, again, is those

28:33

like, okay, every week. For example, I

28:35

mentioned that I do some coaching. I work with

28:37

zero employees. in in that. It's all

28:39

entrepreneurs because employees don't have enough things they

28:41

can do on a week by week

28:43

basis to change things dramatically. Entrepreneurs

28:45

do, employees don't. But

28:48

the point is that even if you are

28:50

just getting started, if you think that

28:52

I might be able to provide you with some

28:55

useful Friday, I'd love to help you shave

28:57

years and years off of your

28:59

success path. I often wished that

29:01

someone had come along and told me

29:03

at fifteen, some of the things that I

29:06

I can tell a fifteen year old.

29:08

And I didn't I wasn't smart enough to go out and

29:10

look for the information, so I wish different for

29:12

you. I think that sums it up.

29:15

The point is that

29:17

as you're thinking about consulting, do what makes

29:19

sense for you? I guess I should add other

29:21

things. I do work with people on

29:23

occasion who are in financial duress.

29:26

In most cases, people who are in financial

29:28

duress. If your situation is small and

29:30

simple, you should just go in and

29:32

pay your bills. increase your income, decrease your expenses, pay

29:34

off your debts. But if

29:37

you're in a in a real bind, many

29:39

times there are things that you can

29:41

do. whether it's making a plan to play hardball with your

29:43

creditors so that you can get your feedback onto you or

29:45

whatever it is. I have worked on occasion with people

29:47

in that situation. So when I put this on sale, it's a

29:49

good value for you as well. If

29:51

you'd like to book a call with go to ratic personal finance dot com

29:53

slash Consulting. remember

29:57

fifty slots only once those fifty slots

29:59

are gone sale is over, and the

30:02

calendar is closed again. Go to rata personal

30:04

finance dot com slash consult.

30:06

Consulting Was that almost twenty

30:09

five percent It's probably twenty

30:11

percent on my normal fees. radical

30:13

personal finance dot com slash consult. Look

30:15

forward to talking to you soon.