Today’s interview with Joshua Sheats of Radical Personal Finance is loaded with life and money wisdom focused on the broad topic of Risk Management. We begin our conversation with the seven stages of financial independence:

• Stage 0 – Total 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

Disability and other types of Insurance, which occupy a bunch of time in this episode, come into the picture as you reach financial stability – current on today’s obligations, with a plan to take care of tomorrow’s!

Disability Income insurance may be the most important insurance you need to own. Despite this fact, it’s one of the least owned, least understood, least paid attention to types of insurance, because people underestimate the value of their income and underrate how much better their life is when they’re properly insured for disability.

Besides insurance, we address emergency funds, including credit cards and currency - $100 bills, y’all. Sit back, relax, and enjoy the conversation!

For more information, visit the show notes at https://workpantsfinance.com/14