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

Are you an employee?

Want to make more money?

Want to have a tremendous career?

Listen to this show.

Joshua

Direct download: RPF0380-Practical_Advice_for_Employees.mp3
Category:podcast -- posted at: 12:34pm MST

On today's show I cover four of the major perils of success.

Both failure and success have danger points. You might think a lot about the dangers of failure. But are you aware of the perils of success?

Have you thought about what might happen to you as you continue to achieve success?

In today's show, I share with you four dangers of success...and I've fallen prey to all four of them.

Then, after that discussion, I share with you how--and why--I'm removing some of the filters that I've kept on the content of RPF.

Not a lot is changing with regard to what I actually produce on RPF. But my own mental decisions are changing and I am intentionally giving myself more freedom to tackle difficult subjects.

Details in the show!

Joshua

As mentioned in the show. Please:

  1. Write me an email with "product question" in the subject line and ask me any question that you have. Or, just tell me the subject/topic/question you'd like me to do more content on.
  2. Will you please review the show on whatever podcasting platform you use? iTunes, Stitcher, App Store--all are fine. One or two sentences is perfect and you can do it right on your phone.
  3. Please support the show on Patreon. This is the best way to maintain a free and independent voice. www.radicalpersonalfinance.com/patron 
  4. Do you have a specific question you'd like my advice on? Book a consulting call here: www.radicalpersonalfinance.com/phonecall 
Direct download: RPF0379-The_Perils_of_Success.mp3
Category:podcast -- posted at: 3:50pm MST

My guest today is Jason Vitug. Jason has a very interesting story of beginning at the bottom of the work-world, advancing quickly to company leadership, and then walking away to pursue travel and personal business projects that seem to integrate more with his life vision.

Oh, and he wrote a book and just finished a 54-city speaking tour.

Enjoy the interview!

Joshua

Direct download: RPF0378-Jason_Vitug_Interview.mp3
Category:podcast -- posted at: 2:55pm MST

I recently appeared on Paula Pant's Afford Anything podcast for an in-depth discussion of the stages of financial independence.

The interview was one of the favorite interviews I've done in a while and I think you'll really enjoy it.

Enjoy!

Joshua

Direct download: AA039_Joshua_Sheats.mp3
Category:podcast -- posted at: 3:22pm MST

Hey Radicals!

I'm heading to California today for #FinCon16. I'd love to connect with as many of you as possible while I'm there!

I'll be available on Thursday, Friday, and Saturday (9/22 to 9/24).

Reach out to me on Twitter and let's schedule a time to connect! https://twitter.com/JoshuaSheats

Joshua

Direct download: Announcement_for_FinCon16.mp3
Category:podcast -- posted at: 5:28am MST

We know that it's worthwhile to increase income in order to reach our financial goals more quickly. But how can we do that?

One proven way is to get advanced education by attending graduate school.

My guest today is Matt Miner. He followed the time-worn path of attending graduate business school as a way of significantly increasing his earnings and he's learned from that experience. He's also studied the issue extensively, so he brings both personal experience and study to this question.

In this show we discuss:

  • Matt's personal path to improved finances
  • His advice on how to answer the question of, "Should I go to graduate school?"
  • Various options and ways to get the thing done!

Enjoy the show!

Joshua

Direct download: RPF0377-Matt_Miner_Interview.mp3
Category:podcast -- posted at: 5:24am MST

I received the note below from a listener of my show and today I answer it!

Enjoy,

Joshua

-----

Hi Mr. Sheats!

I'm a home educated 13-year-old fan of your podcast.  I love how in-depth, interesting, and out-of-the-box it is.  I used to listen to the Dave Ramsey Show a lot, but that got really bland, so my dad suggested your show.  I love it!
I've been listening pretty much daily since January of this year, and you've inspired me to become financially independent before age 30.  Right now, I'm saving 70% of my income from working at my parents' dental office and trying to develop skills that will get me closer to that goal (such as math, coding, and finance, all things I love learning about and think have the best potential to help me become financially independent).

Do you have any advice for a thirteen-year-old listener like me?

As for a specific question, I was wondering whether you would recommend I continue doing high school at home or attending our local public school.

I'm really interested in taking CLEP classes since those could help me finish college faster.

As far as I can tell, the pros of public school are:

  • I'm pretty extroverted, so being able to hang out with friends every day sounds fun (although I'm sure high school isn't just hanging out!).
    The high school in our district is ranked 10/10, so it's supposed to be a good school academically.
  • It might be a good way to get a feel for going to a "normal" school and make getting used to staying at the teacher's pace, and other skills I might need for college easier.
  • The transcript is automatic, but in home education, you have to detail everything yourself and make sure it fits with requirements.


Cons:

  • I love being home educated!
  • I'm an independent learner, and I can learn faster just reading something and taking a test than sitting in class for an hour.
  • I'd probably have less time in a public school as opposed to home education.  Other than hanging out with friends, writing my fantasy novel, and playing music, I want to spend my free time as a homeschooler learning skills, experimenting with starting a business, and studying CLEP.
  • I'd have to stick with the class, but with home education, everything's based on your pace, so you can go faster.
  • I love how we can take vacations or days off sporadically, but in public school, with such long summer breaks, etc, you can't miss a day comfortably.
  • I'd have to wake up early (;

Thanks for all your time!

 

Direct download: RPF0376-How_to_Be_FI_at_30.mp3
Category:podcast -- posted at: 3:06pm MST

My guest today is Lauren Greutman. Lauren has been on RPF before (with her husband Mark) way back at Episode 108.

But today she's back today as part of the book launch tour for her brand-new book: The Recovering Spender: How to Live a Happy, Fulfilled, Debt-Free Life.

In today's episode, we cover: 

  • Lauren's personal story and her highs and lows
  • Lauren's systematic, step-by-step advice for how to overcome a spending addiction
  • And more!

Enjoy the interview!

Joshua

 

Direct download: RPF0375-Recovering_Spender_with_Lauren_Greutman.mp3
Category:podcast -- posted at: 2:51pm MST

On Fridays, we do Q&A. Today we cover: 

  • How Should I Structure My Purchase of an iPhone?
  • What Should I Think About When Buying a House?
  • How Many Credit Cards Should I Have For Optimal Living?
  • How Should I Value My Defined-Benefit Pension Plan

If you'd like to join for a future Q&A call, join here: www.radicalpersonalfinance.com/patron 

Joshua

Direct download: RPF0374-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MST

You want to start a business...so, you have to decide what type of business entity to use, right? 

Well, yes and no. Yes in the sense that it is an important decision. But no in the sense that you should first focus on how you're going to build the business...and you should probably just start the business and see if it will work.

But, it is an important decision. And there is a lot of confusion over all these entities.

Today we cover these entities in an introductory capacity:

  • Sole Proprietorship
  • Partnership
  • C Corporation
  • S Corporation
  • Limited Liability Company (LLC)
  • Limited Liability Partnership (LLP)

My intention is not to give you all the details but simply an overview so you will feel more confident soliciting the professional advice that you need for your specific situation.

Joshua

 

Direct download: RPF0373-Intro_to_Business_Entities.mp3
Category:podcast -- posted at: 3:23pm MST