Radical Personal Finance: Financial Independence, Early Retirement, Investing, Insurance, Financial Planning

Today I'm sharing with you the audio from the live conference call I recently hosted for all the Patrons of Radical Personal Finance. 

This was a super-fun experience for me! Having the live interaction was fun. Topics included:

  • social capital
  • entrepreneurship
  • long-term care insurance
  • investing
  • career development
  • and more!

Enjoy!

Joshua

Direct download: RPF0253-Patron_Conference_Call.mp3
Category:podcast -- posted at: 12:38pm MDT

Shannon McLay from the "Martinis and Your Money" podcast invited me on her show last month to talk about life insurance as part of "Life Insurance Awareness" month.

Enjoy this interview with me where I share all of my advice and thoughts about how to approach the life insurance situation.

The original interview with Shannon appears on her site here: http://financially-blonde.com/radical-thoughts-on-life-insurance/

Joshua

Direct download: Joshua20Sheats20Podcast.mp3
Category:podcast -- posted at: 12:58pm MDT

Have you ever thought about writing a book? If you have, you're part of the 80% of Americans that dream of doing just that!

But how do you go about it? And, perhaps more importantly, why should you consider it?

Today I present to you an interview with my personal publishing coach, Patrick Snow.

Patrick is an international best-selling author, professional speaker, publishing, speaking, and book marketing coach.

He's already been tremendously helpful to me as I work on my first book and I look forward to continuing to work with him!

Enjoy this episode where we talk about the business of writing and why you should write and publish a book.

Enjoy!

Joshua

Direct download: RPF0252-Patrick_Snow_Interview.mp3
Category:podcast -- posted at: 3:39pm MDT

Let's put our work boots on today and dig into some of the science of financial planning. We've been doing a lot of fluffy, motivational-type stuff on Radical Personal Finance recently. That stuff is really valuable but it needs to be tempered with some serious knowledge.

Today, let's talk about annuities.

Annuities get a bad rap in the financial marketplace. And rightly so. They've been shamefully misrepresented, oversold, and abused by many insurance agents.

But do they have a place? Can they be an incredibly useful tool in the toolbelt of a good financial planner?

I believe so.

In today's show I work to share with you some background and structure about annuities. This will help you to understand the words involved and the different product structures available.

We talk about:

  • The number of lives covered (single life vs joint life vs joint-and-survivor annuities)
  • When the payments start (immediate vs. deferred)
  • Methods of premium payment (lump sums vs. periodic payments)
  • Pure/straight life vs. refund annuities 
  • Fixed vs. variable vs. indexed annuities
  • And tons more!

Enjoy the show!

Joshua

Direct download: RPF0251-Introduction_to_Annuities.mp3
Category:podcast -- posted at: 2:02pm MDT

We've generally been trained how to think about finance by the financial services industry. Their plan for your finances? Well, each step involves a financial product of some sort or another.

But what if we think a little more strategically? Could we get better results?

I think so.

After speaking with today's guest, Doug Goldstein, I think that the metaphor of chess is a good way to train our thinking.

Doug is the co-author of a book titled: Rich as a King: How the Wisdom of Chess Can Make You a Grandmaster of Investing.

Enjoy this interview as we discuss how to approach finances like a chess game!

Joshua

Links:

Direct download: RPF0250-Douglas_Goldstein_Interview.mp3
Category:podcast -- posted at: 1:26pm MDT

One of the benefits that $200/mo. Patrons of Radical Personal Finance get is being able to choose a topic of the show.

Here's the note that prompted today's episode:

Joshua,

Double income medium- to high-earning couples frequently ask me how to lower their taxes (the second income is at a higher rate of >28%, plus state 3.75% and social security 7.65 or 40% all in).

I don't have a lot to tell them:
-calculate whether it's worth it for second spouse to work ('Money or Your Life' style-after tax/child care/gas income per hour of total time spent at job (commuting and working)
-weigh the qualitative factors
-max 401k
-invest in real estate

I'm assuming I'm missing things. What do you have to say on the subject?

One reason my wife doesn't work is that its not worth it.

Thanks,

Patron

Today's episode includes my response and advice for how couples can approach this conundrum!

Joshua

Direct download: RPF0249-Tax_Reduction_for_Dual_Income_Couples.mp3
Category:podcast -- posted at: 12:06pm MDT

The most challenging question that I get asked on Radical Personal Finance is this: "Joshua, how do I find a great financial advisor?" 

It's hard because there are great advisors at most (all?) firms and there are terrible advisors at most (all?) firms.

More importantly, there are different advisors for different stages of life and different levels of need.

Unfortunately, all these get lumped together under the term "financial advisor," which is, itself, a non-specific and mostly useless term which could refer to any number of job descriptions.

However, I still try to answer the question. And today, I'm working to answer it with a new sponsor: Paladin Registry. 

This show is an interview with Jack Waymire, the founder of Paladin Registry and it contains an in-depth interview discussing the challenges and process of finding a great financial advisor.

Enjoy the show!

Joshua

Direct download: RPF0248-Jack_Waymire_Interview.mp3
Category:podcast -- posted at: 11:27am MDT

After a way-too-long hiatus, Friday Q&A is back! On today's show, we cover:

  • Online Savings Accounts
  • Commission-Free Life Insurance
  • Why Don't I Have a CIMA Designation
  • Would I Do A Daily Podcast Again
  • Should I Max My 403(b) or Save for a Down Payment
  • 529 Plan for Myself, and Thoughts on Leveraged Index Funds

Enjoy!

Joshua

Direct download: RPF0247-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MDT

Sometimes you discover something that's been out there for years and you want to smack yourself in the head for not tuning in to it sooner. That's how I feel when it comes to YNAB. (For the uninitiated YNAB stands for You Need A Budget.)

I used YNAB years ago and my response at that time was, "ho-hum." I then proceeded to ignore it for the next 6 years to my own detriment. Bummer. I wish I'd paid more attention!

I was reintroduced to YNAB by my own listeners (the full story is in this episode) and today I'm thrilled to introduce YNAB as a sponsor of Radical Personal Finance!

Check out this interview with Jesse Mecham, the founder of YNAB for an introduction to him, his story, and the YNAB company. It's a super interesting story of entrepreneurship, growth, and the creation of an awesome product which fits a real need that most of us have.

Enjoy!

Joshua

Direct download: RPF0246-Jesse_Mecham_Interview.mp3
Category:podcast -- posted at: 8:04pm MDT

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