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

Today we continue our disability insurance series with a discussion of:

  • How to determine the benefit amount of an individual disability insurance policy
  • The interaction of group disability insurance and individual disability insurance
  • The definition of disability (own occupation, modified own occupation, any occupation)
  • How is disability determined (loss of time, duties, income)
  • Total disability vs. partial disability vs. presumptive total disability.

Enjoy!

Joshua

Direct download: RPF0354-Disability_Insurance_Policy_Provisions.mp3
Category:podcast -- posted at: 4:20pm MDT

Often very large financial goals can be achieved in a relatively short period of time if you focus enough on the goal and execute a plan with intense action.

Today, I bring you the story and experience of a couple who did just that. Ben and Deb Martinek decided to become over-the-road truck drivers so that they could pay off their student loans in a very short period of time.

They succeeded in paying off about $100,000 in debt in 2.5 years by driving a truck. And they had a great time doing it!

Today we hear their story and ideas on how you can do something similar for yourself.

Joshua

Direct download: RPF0353-Get_Rich_Driving_a_Truck.mp3
Category:podcast -- posted at: 12:51pm MDT

On Fridays we do a live Q&A show here at Radical Personal Finance. If you'd like access to these calls, join here: www.RadicalPersonalFinance.com/patron 

Today we cover:

  • Should I Purchase My Personal House in an LLC?
  • How do I Know if My Life Insurance Agent is Advising the Right Amount of Insurance to Own?

Enjoy the show!

Joshua

Direct download: RPF0352-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MDT

Today, we continue our series on "Living a Rich Life Now" by discussing material riches and how you can appreciate the ones you already have and enjoy more more material riches now, without waiting.

Most people equate riches with things they have yet to buy. Largely, this is due to an effective marketing campaign by somebody with something to sell.

But, many of us easily forget about all of the material riches we already enjoy.

And, we neglect the easy ways we can live a rich life--perhaps even the lifestyle of a multi-millionaire--without the need to actually become a multi-millionaire.

This show contains some of my ideas which will, I hope, provoke you to clarify your own definition of a rich life and start living it as quickly as possible!

Joshua

Direct download: RPF0351-How_to_Live_a_Materially_Rich_Life_Now.mp3
Category:podcast -- posted at: 2:57pm MDT

Radical Personal Finance is "a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less."

That's the slogan that I came up with as the unifying theme after creating about 300 episodes of the show.

But, although I've been using this slogan for a while, I've never actually explained each of the statements in that slogan. And they're all important.

Today, I tackle the first part: What does it mean to live a rich life now?

There are immaterial aspects to a rich life and there are also material aspects to riches.

Today we tackle the immaterial.

Enjoy!

Joshua

Direct download: RPF0350-Immaterial_Aspects_of_a_Rich_Life_Now.mp3
Category:podcast -- posted at: 2:14pm MDT

I've previously stated that I don't understand why anyone would go into the field of medicine as a way of getting rich.

I understand why people would want to do it because it fits their goals and personality and sense of calling, but I've always felt that it's a bad move financially.

Even though you can earn a high income, there are a lot of disadvantages to the career!

Well, my guest on today's show disagrees with me!

He's a practicing physician and he thinks I'm dramatically misrepresenting the financial potential and payoff of medicine.

I think you'll enjoy our debate!

Joshua

Direct download: RPF0349-Peter_Steinberg_Interview.mp3
Category:podcast -- posted at: 2:05pm MDT

A lot of us face difficult situations. And it's tough to maintain a positive attitude. But, have you considered what some other people face?

What would you do if you were facing a >70% unemployment rate in your town?

What would you do if you were working a job that hadn't paid you in >6 months?

What would you do if you had electricity for only 2 hours per day?

After listening to today's show, I promise you'll look at the opportunities around you with a fresh appreciation. 

Enjoy!

Joshua

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Support RPF on Patreon: www.radicalpersonalfinance.com/patron 

Direct download: RPF0348-Interview_with_Bola.mp3
Category:podcast -- posted at: 6:29am MDT

June 1 is the start of hurricane season here in South Florida. June is always when I review my own hurricane preparedness plan and assess it for any weaknesses.

I've also kept a close eye on the Fort McMurray wildfires and the economic crisis currently underway in Venezuela.

Given these stark and vivid disasters, I've wanted to draw your attention to them as a way for you to consider how you're prepared to handle them.

Today I focus on the importance of money--specifically having some available to you in times of crisis.

Enjoy,

Joshua

Direct download: RPF0347-Money_in_Times_of_Crisis.mp3
Category:podcast -- posted at: 3:00pm MDT

Today I've invited Jules Haas on the show to talk real estate entity selection and estate planning.

Jules has an especially interesting perspective given where he lives and practices law: downtown New York City.

We discuss:

  • how to decide if you should own real estate within an entity or not
  • how to own real estate with maximum privacy (and why it's important)
  • estate considerations for different methods of ownership

Enjoy!

Joshua

Direct download: RPF0346-Jules_Haas_Interview.mp3
Category:podcast -- posted at: 7:07pm MDT

Today on Radical Personal Finance we veer into an interesting niche in the real estate market.

Do you have an appreciated rental property with a lot of equity in it? Would you like to know how to transition out of that personally managed property into a professionally managed portfolio without paying capital gains taxes on the transfer?

That's what today's interview is about.

My guest is Leslie Pappas. She's an expert at using 1031 Exchanges and Delaware Statutory Trusts in a very specialized segment of the real estate industry.

Enjoy learning about this niche!

Joshua

Direct download: RPF0345-Leslie_Pappas_Interview.mp3
Category:podcast -- posted at: 12:42pm MDT