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Frugality Part 3 - Prudence - How to Use Money Prudently - Main Topic #3
Frugality = The Intentional Practice of Prudent Economy. But how can we define prudence? What does it mean to be prudent with money? Is prudence a subjective thing, or are there objective ways to make prudent financial decisions? This main topic dives into the concept of prudent financial decisions in a tangible way. Prudence requires a recognition of outside information and resources in addition to thinking through potential consequences and trade-offs for given decision options. From there, you can make a prudent decision - one that minimizes your exposure to undue risk while promoting a greater good. How would you define prudence? Let us know in the comments below!
Watch the Full Episode here: https://rumble.com/v2mfzhg-hopefilled-financial-podcast-episode-3-frugality-part-3.html
Main Topics Playlist: https://www.youtube.com/playlist?list=PLo6Zlf1BSGrZM50_NAabg7tOhASym2xxD
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Disclaimer: This podcast serves as educational entertainment only. Any and all opinions relating to real estate, law, taxes, insurance, and/or securities investing that may be contained within this podcast should not be interpreted or implemented as recommendations nor advice. The opinions related to these topics – especially those regulated by state and/or federal entities – should never be taken as replacement for advice from a competent, licensed professional. HopeFilled Financial Coaching is not liable for any individual acting on any understanding of topics directly or indirectly related to real estate, legal practice, taxes, insurance, or investing even if an individual in question changed their understanding after listening to this podcast. All listeners are entirely responsible for seeking advice from licensed professionals before taking any action of their own.
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