Radical Personal Finance

On Monday, I released the show on new cars vs used cars. It became clear to me while doing that show that I really needed to do an in-depth discussion of the concept of Opportunity Cost.

If you understand Opportunity Cost you can easily help people to make better decisions.

All of us make decisions based on what we value. Every transaction is based on each party involved preferring what the other has more than what he/she has.

Good decision making is largely based on simply understanding all of the options that each of us has, considering the various scenarios, and then choosing which scenario is most ideal for our circumstances.

In today's show I add some serious meat to this idea with a bunch of pertinent examples:

  • Car-buying options
  • College options
  • Housing options
  • Eating and moving options
  • Options on where we live
  • Family options
  • And more!

At the end of the day, you control your own life. Consider your decisions carefully and simply make the decision that is best for you.

Joshua

Links:

Direct download: RPF0169-Opportunity_Cost.mp3
Category:podcast -- posted at: 2:59pm MST

I've brought you some shows on the concept of advancing your career by attending industry conferences.

But what about getting a double bonus by organizing the conference yourself? That way you get all the benefits you would get from attending but you get the added bonus of becoming an industry leader.

Plus, perhaps you can make some money on the event!

My guest today is Philip "PT" Taylor, founder of http://ptmoney.com/ and http://finconexpo.com/. PT started working as a CPA, transitioned to full-time financial blogger, and ultimately created one of the most well-loved financial conferences: FinCon.

The interview is a complete discussion of:

  • PT's personal finance story and his journey out of debt.
  • How he transitioned from working as a CPA to working as a full-time blogger.
  • Where the idea for the Financial Blogger's Conference (FinCon) came from.
  • How he financed the initial transition.
  • How much money he made in the early years and the most recent year.

Enjoy the discussion!

Joshua

Links:

Direct download: RPF0168-Philip_Taylor_Interview.mp3
Category:podcast -- posted at: 9:00pm MST

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