Radical Personal Finance (podcast)

It's Friday! Time for Q&A:

  • 3:40 Do I need liability insurance for my business?
  • 35:45 How can I get good life insurance rates if I'm fat?
  • 1:20:25 What should I do for $300,000 of cash I'm saving for a business investment very shortly?
  • 1:22:30 Why are "high finance" people so dismissive of people who like dividend investing?

Joshua

  • Join me for next week's call by supporting the show on Patreon. www.patreon.com/radicalpersonalfinance

When you set a goal, you've got to count the cost; the financial cost and the opportunity cost.

Counting the cost may be enough to show you the path forward.

Joshua

Direct download: RPF0684-How_to_Set_Financial_Goals_Part_3_-_Count_the_Cost.mp3
Category:podcast -- posted at: 2:27pm MST

It's a live Q&A show today! We cover:

1:30 - How can I build career confidence and skills when I don't have much time?

30:15 - I just got married; what is good advice for buying a house?

41:35 - How can I make sure that my 401(k) money is safe in case of recession?

54:15 - How can I invest into my local community?

1:12:45 - Should investors pay 1% to hire a financial advisor?

Direct download: RPF0683-Friday_QA.mp3
Category:podcast -- posted at: 4:38am MST

Dig deep—really deep—into the "Why" behind your financial goals.

Joshua

Direct download: RPF0682-How_to_Set_Financial_Goals_-_Part_2.mp3
Category:podcast -- posted at: 4:00am MST

A new decade is dawning and my hope is that this decade be the best one yet!

But if you're going to tackle this decade proactively, you'll need to begin by dreaming a bit about what you'd like to accomplish this coming decade.

Let's get started,

Joshua

Direct download: RPF0681-How_To_Set_Financial_Goals_Part_1.mp3
Category:podcast -- posted at: 4:00am MST

On today's show we veer away from financial independence and into living well today with a discussion of the Ketogenic diet.

I've invited Jack Spirko, host of The Survival Podcast on today's show to discuss his recent weightloss journey.

He has lost a significant amount of body fat in a short period of time and together we share ideas, tips, and experiences to help you achieve fat loss as well.

Enjoy!

Joshua

Direct download: Jack_Spirko_interview_MERGED_from_audacity-auphonic_1.mp3
Category:podcast -- posted at: 5:00am MST

Over the last 5 months or so I've lost over 50 pounds of fat. This fat loss has significantly improved the rich quality of my life.

I'd like to share a few words of experience and encouragement with you to help you on your own fat loss journey.

Joshua

p.s., remember code "CYBER50" saves you 50% off all my courses through Monday at www.RadicalPersonalFinance.com/store

Direct download: RPF0679-Fifty_Pounds_and_Counting.mp3
Category:podcast -- posted at: 12:48pm MST

I'm hosting a 50% off sale on all my courses this weekend only. Use coupon code "CYBER50" at www.RadicalPersonalFinance.com/store before midnight Monday.

I'm also offering a 30% discount on private consulting work booked by Monday. Email me at Joshua@RadicalPersonalFinance.com before midnight Monday to book a consulting call.

Enjoy the savings!

Joshua

Direct download: 50_percent_off_sale_on_courses_and_consulting_this_weekend_only.mp3
Category:podcast -- posted at: 10:28am MST

Don't be so future-focused that you miss the lessons and joy of today's trials.

Joshua

Direct download: RPF0678-Live_Rich_Now_By_Cultivating_Gratitude_For_Your_Trials.mp3
Category:podcast -- posted at: 1:04pm MST

Today's guest recently had extensive shoulder surgery done and he saved thousands by choosing to have the surgery in Mexico rather than the USA. We discuss the details of his experience as well as his personal financial independence success story.

Enjoy!

Joshua


On today's Friday Q&A, we cover:

  • 1:45 The value of a sabbatical
  • 17:45 Homeschooling vs. private schools
  • 46:30 Modern Portfolio Theory

Enjoy!

Joshua

Direct download: RPF0674-Friday_QA-Sabbaticals_Home-Schooling_Modern_Portfolio_Theory.mp3
Category:podcast -- posted at: 12:24pm MST

In light of the previous show, I've received many questions about scanning all my books. Here's a replay of the show where I explain what I've done and why.

Joshua


Reading can provide you with all of the knowledge you need to crush some very large goals in a very short time.

But you need to know how to read effectively.

Today, I teach you how.

Joshua

Direct download: RPF0673-How_To_Read_A_Book.mp3
Category:podcast -- posted at: 5:11pm MST

Listen to the show.

Joshua

Direct download: RPF0672-Create_The_Reality_You_Will_Live_In.mp3
Category:podcast -- posted at: 5:29pm MST

If you were discharged from the military for cocaine use, would you be able to seamlessly move into a $600,000/year job?

If not, you should consider building your influence a bit more!

In today's show I'll give you some ideas to help you develop this influence.

Joshua

Direct download: RPF0671-Ideas_to_Help_You_Build_Social_Capital_and_Political_Influence.mp3
Category:podcast -- posted at: 11:51am MST

Can you imagine starting a business when you've been laid off from a job and you have many young children in the house? My guest today, Tim Schmoyer, has done just that. And he has prospered through the process.

Joshua


1:00 Would you like to come to a 3-day seminar with fellow listeners?
10:11 How can I prepare for healthcare risk?
24:50 How do I calculate the financial costs/benefits of moving states?
35:30 How do I help my parents who don’t have much money build a retirement plan?
53:05 How can I market my physical product?
1:06:45 Should I use whole life insurance as the cash component of my permanent portfolio?
1:30:10 Should I put my life insurance policies into a trust?
1:47:10 How do I balance prepping and minimalism?

Direct download: RPF0669-Friday_QA.mp3
Category:podcast -- posted at: 8:59pm MST

My guest on today's show moved from India to the USA as a young man. Starting with no money, he became financially independent in about 12 years.

In today's interview we dig into the strategies and tactics that worked for him.

Enjoy!

Joshua

Direct download: RPF0668-An_Immigrant_Success_Story-Broke_to_FI_in_10_Years.mp3
Category:podcast -- posted at: 5:00am MST

In today's show, I have a special story for you of how my friend Anatole built a great life for himself, even though everyone hated him.

Enjoy!

Joshua

Direct download: RPF0667-How_To_Build_a_Great_Life_When_Everybody_Hates_You.mp3
Category:podcast -- posted at: 5:00am MST

Today, we finish out the 3-part series on preparing for layoffs in the coming recession.

Today's show will be useful to you, even if you just got notice of your layoff and didn't do anything to prepare for it beforehand.

The major theme of today's show is that you need to take appropriate action with appropriate speed. If you're stuck with little savings and no preparation, that means take massive action, now! If you've planned a bit better in advance, it means be strategic and thoughtful.

We discuss:

  • The impact of self-confidence on your job hunt.
  • The importance of having work now and not being unemployed for a long time.
  • How to take massive action on your job hunt for quicker results.
  • What types of approaches are most successful for job hunters.
  • Some radical strategies you can plan for that will enable you to simply wait out and enjoy the recession instead of being stressed by it!

Enjoy!

Joshua

Direct download: REPLAY_RPF0194-You_Just_Got_Laid_Off.mp3
Category:podcast -- posted at: 5:00am MST

Originally released May 13, 2015. And just as important today.

-------------------------------------------

For most of us, our jobs are the economic engine that drive every aspect of our financial plan. One of the worst things that can happen is to lose a job.

If the engine on your car dies, you're going to be stuck by the side of the road for a while. That's not pleasant for anyone, even if you're stuck in a safe area. But, if you're driving up a mountain (paying off debt and digging yourself out of a hole), having your engine die can be disastrous. And, if you have a destination in mind (financial independence), losing the engine in your car will at least delay you from reaching your destination.

So, the key is plan in advance to not lose the engine. Make sure you're doing the things you need to be doing now to avoid being laid off.

Obviously, you can't guarantee that you'll never be laid off, but you can do a lot to improve your possibilities!

On today's show, we cover:

  • The need to proactively improve your position within your company, your company's position within the industry, and your industry's overall prospects in advance.
  • Some ways to know if you've got a big target on your back or a small target on your back with the HR people are figuring out who to cut.
  • The importance of competing with your fellow employees and of collaborating and cooperating with them and why both are valuable.
  • Ways to stand out and produce up to 4x the output of your fellow employees.

Enjoy the show!

Joshua

 

 

Direct download: REPLAY_RPF0192-Dont_Lose_Your_Job.mp3
Category:podcast -- posted at: 5:00am MST

It's official: the Yield Curve on US Debt is inverted. That's a pretty good indicator that recession is in our future.

So, today I want to tell you how to prepare for the coming recession.

Enjoy! And do.

Joshua

Direct download: RPF0666-How_to_Prepare_for_the_Coming_Recession.mp3
Category:podcast -- posted at: 5:00am MST

1:30 How does Joshua use YNAB on a daily basis?
17:30 How has the pursuit of privacy cost you?
30:30 Should I have kept my inherited property as separate property instead of community property?
43:00 How can I get started prepping?

Direct download: RPF0665-Friday_QA.mp3
Category:podcast -- posted at: 4:17pm MST

I'd like to invite you to meet up with me on Tuesday, September 3 in Washington, DC, USA. If you'd like to connect, please email me and I'll give you all the details.

Email me: joshua at radical personal finance dot com.

Joshua

Direct download: Meetup_in_Washington_DC_September_3.mp3
Category:podcast -- posted at: 5:00am MST

It seems like many of the prominent voices in the FIRE movement are single individuals or childless couples. But many of us have children or want to have children. Does that mean that we will fail in our attempts to become Financially Independent? Are you doomed to choose between FIRE or children?

Today, I'll give you my answers. (Spoiler: you can FIRE and have children too!)

Joshua

Direct download: RPF0664-Can_You_Become_Financially_Independent_If_You_Have_Children.mp3
Category:podcast -- posted at: 3:04pm MST

We live in interesting times. It seems that most of us could list off several things that our government does with our tax money that we find offensive. But how should Christians deal with the morality of having their tax money used to support immoral activity? Should Christians participate in tax strikes and tax protests?

Joshua


A listener wrote in and essentially asked, "Why is Joshua so anti-tax?" So, I thought I'd give that question a crack for you.

Joshua

Direct download: RPF0662-Why_is_Joshua_So_Anti-Tax.mp3
Category:podcast -- posted at: 12:53pm MST

I want you to use more cash so you can get richer, faster.

Joshua

Direct download: RPF0661-Back_to_Basics-The_Power_of_Cash.mp3
Category:podcast -- posted at: 5:00am MST

I've talked a lot about education over the years...in this episode I'll tell you what we're doing with our children and talk about some philosophies that have been influential on me. And I'll tell you what I got wrong in the past.

Joshua


There is a natural symbiosis between prepping and mainstream financial planning. Here's why.

Joshua

Direct download: RPF0658-The_Natural_Symbiosis_of_Prepping_and_Financial_Planning.mp3
Category:podcast -- posted at: 5:39pm MST

A key to life change is behavior modification. And mental money games can help you get there.

Joshua

Direct download: RPF0657-Mental_Money_Games_to_Change_Your_Behavior_for_the_Better.mp3
Category:podcast -- posted at: 4:08pm MST

Ask your average financial advisor how to invest for your children's future and he'll likely start pulling out brochures for a 529 plan.

B-O-O-O-O-R-I-N-G!!!

Is there anything wrong with a 529 plan? No.

But is that really the most effective use of your money?

Only if you don't have any better ideas.

So let me give you some to ponder! Here are 12 Much More Interesting™️ Ways to Invest In Your Children!

Joshua

P.S. Go here and buy something so I can do this stuff for my children! https://radicalpersonalfinance.com/store

Direct download: RPF0656-12_Ways_to_Invest_in_Your_Children.mp3
Category:podcast -- posted at: 3:34pm MST

It's Friday! That means live Q&A.

Enjoy!

Joshua

Direct download: RPF0655-Friday_QA.mp3
Category:podcast -- posted at: 9:13pm MST

Today we discuss Qualified Opportunity Zones, a legitimately new way for you to potentially save on capital gains taxes.

Joshua


There is an important piece of legislation that has passed the House of Representatives and is being considered in the Senate. It's technically known as H.R. 1994 "Setting Every Community Up for Retirement Enhancement Act of 2019."

It has some changes that are potentially helpful to you; and some that may destroy the value of your qualified accounts.

Joshua


How do you balance the Costs of Living with your Quality of Life when you're thinking about moving out of your home country?

Let's discuss!

Joshua

Direct download: ZOOM0001_Tr1-Cost_of_Living_vs_Quality_of_Life-auphonic.mp3
Category:podcast -- posted at: 4:36pm MST

1:30 What is the fiscal future of the USA in light of the Democratic candidates' debate this week?

19:12 How could I do financial coaching for the not-yet-wealthy?

35:20 What are the benefits of international living?

41:15 Should I be a dividend investor or index fund investor? And how can I simultaneously be a moral investor?

1:15:45 Should I quit my job because I can?

1:33:30 How could I invest differently than just real estate and mutual funds?

Direct download: RPF0649-Friday_QA.mp3
Category:podcast -- posted at: 4:33pm MST

Friday Q&A today!

  • 1:54 Should I sell my cryptocurrency to pay off my IRS debt?
  • 10:30 How should I readjust my investments to plan for future economic uncertainty?
  • 26:09 How should I think through my finances in the midst of possible divorce?
  • 59:46 What do I need to do with my US-based investments while I move to Spain?
  • 1:08:00 My wife and I are having a baby and are interested in birth tourism. How should we analyze the possibilities?

Enjoy!

Joshua


If you care about asset protection planning, there's hardly any reason for you to own an asset in your own name. So, you'll have to get used to titling asset in slightly different ways.

Today, I teach you why and how.

Joshua


When I ask people about their goals, about 80% of people tell me they want to travel when they retire. And yet, very few people actually follow through and travel!

Why?

Of course there could be many reasons. But if the cost of traveling is keeping you at home, I want to help you.

In today's show, I'll share with you some ideas and strategies to travel the world on the cheap.

Enjoy!

Joshua

Direct download: RPF0646-How_to_Travel_the_World_On_The_Cheap.mp3
Category:podcast -- posted at: 11:10am MST

In today's show, I'm going to teach you how an average guy can build a $165,000,000 estate by choosing not to retire. And I'll tell you a bunch of reasons why that would be great for you to plan for (even though you're simultaneously working towards financial independence in 10 years or less).

Enjoy!

Joshua

Direct download: RPF0645-The_Power_of_Choosing_Not_to_Retire.mp3
Category:podcast -- posted at: 3:38pm MST

This is one of the most important questions you can think about. And don't be scared to change your answers as you learn and grow.

Joshua


It's Friday! Today, we discuss:

  • Taking the Foreign Earned Income Exclusion
  • How Should You Think About FIREing Yourself From A Big-Money Job

Joshua


Here's the link: https://mobile.twitter.com/USATODAY/status/1125891810595954688

Read the conversation and form your own opinions.

Joshua

Direct download: RPF0641-1500_a_Month_On_Non-Essentials.mp3
Category:podcast -- posted at: 1:53pm MST

Today, I tell you the story of the Accidental Millionaire and a few lessons for both of us.

Enjoy!

Joshua

Direct download: RPF0640-The_Accidental_Millionaire.mp3
Category:podcast -- posted at: 2:54pm MST

It's Friday! Today we discuss:

  • International healthcare options
  • Avoiding wealth taxes
  • Second passports for children
  • And more!

Joshua

Direct download: RPF0639-Friday_QA.mp3
Category:podcast -- posted at: 3:03pm MST

Wages provide you with the financial fuel you need to build wealth. So it absolutely stinks when those wages are sucked up by your creditors in wage garnishments. So how can you protect your wages and keep them for yourself?

That's what we discuss today!

Joshua


One of the most fundamental decisions you can make in life is to marry or not to marry. If you marry, your life, your budget, and your career will look dramatically different than a peer who remains unmarried.

Marriage can be one of the biggest blessings to your life, resulting in greater happiness, better health, a higher income, and more wealth.

Marriage can also be one of the greatest curses you can experience and it can devastate your emotional state, your physical health, your career, and your wealth.

So, you need to choose wisely.

In Part 1 of this series, I discussed various ways that you can prepare yourself to be attractive to an excellent wife.

In today's show, I do my best to give you an honest assessment of the risks involved so you can choose whether you desire to marry or to remain unmarried.

I hope it's thought-provoking.

Joshua

Direct download: RPF0637-How_to_Find_an_Excellent_Wife-The_Decision.mp3
Category:podcast -- posted at: 2:34pm MST

If you're a US citizen who earns $500,000 or more, who is not willing to renounce your US citizenship, and who is involved in business and investing, you should seriously consider moving to Puerto Rico.

Joshua

Direct download: RPF0636-The_Case_for_Moving_to_Puerto_Rico.mp3
Category:podcast -- posted at: 10:26am MST

On Fridays we do Q&A! Today:

1:20 How can I effectively move from New York to Florida in order to end my tax residency?
17:20 What should I do with the life insurance I'm offered at work?
23:00 How do you advise someone to develop an overarching investment philosophy?
48:05 Should I put money into a 529 plan for my not-yet-conceived children?

If you'd like to join me next week, go here: www.patreon.com/radicalpersonalfinance

Joshua


Today, I'll teach you how a 25-year-old $100,000-earner could increase their estate by $90,000,000 by simply moving outside of the United States.

Enjoy!

Joshua

 

Direct download: RPF0634-The_Case_for_Moving_Outside_of_the_United_States.mp3
Category:podcast -- posted at: 1:18pm MST

One of the most effective things you can do when trying to figure out how to build wealth is to find ways to save big money. Fast. And since Americans collectively spend more on taxes than housing, food, and clothing—combined—you should start by trying to save money on taxes.

Today, I give you my case for why you should consider moving to a No-Income-Tax state.

Enjoy!

Joshua

Direct download: RPF0633-The_Case_for_Moving_to_a_No-Income-Tax_State.mp3
Category:podcast -- posted at: 2:03pm MST

Today, we continue our Asset Protection Planning series with a deep look at the Personal Property Exemptions. I've never heard asset protection planners give much attention to the Personal Property Exemptions. But that's understandable to me.

When dealing with the mega-wealthy, it's hard to see how the Personal Property Exemptions make any difference in terms of financial planning.

But, for a "mere mortal," I think there's a really good argument that the personal property exemptions can be really important.

Tune in to the show to hear why!

Joshua


As I recently finished my course on "How to Survive and Thrive During the Coming Economic Crisis," I was struck with how simple and feasible the individual solutions are, while how utterly impossible and difficult the collective solutions are.

Choose success and happiness by focusing on the individual solutions you can put in place in your own life.

Joshua

p.s., If you haven't yet, go check out my newest course!


1:20 Should I change my whole life insurance policy because my income is going down?
18:40 Why do you think Walmart has done more good for poor people than any non-profit organization?
30:00 How should I adjust my asset allocation now that I'm retiring?
42:40 Should I pay off my mortgage on my retirement house?
49:15 Where should I keep my medium-term savings?
52:00 How can I include real estate in my Permanent Portfolio?
58:00 How can I invest in the people in my community?
1:05:00 Can I use a private foundation for my wealth planning?

Direct download: RPF0630-Friday_QA.mp3
Category:podcast -- posted at: 12:00pm MST

Yesterday, I released to you a discussion on the Federal Debt in the United States. That show should be your introduction to this problem.

But in thinking about it, I felt like it was incomplete. I wanted to present some useful materials, in audio format, for listeners who don't have a firm background in the fundamentals of the problem.

So I decided to go in-depth to try to lay out the problem very clearly.

This show is deep and difficult. It holds quite a bit of my reading to you--but also some interesting commentary.

If you're trying to understand the underlying, structural problems more clearly, listen to the show.

If you prefer reading, start with these two links:


We face a massive problem in the United States right now. Put simply:

  • We are borrowing more money than ever before.
  • There's no plan for us to borrow less money in the future.
  • There's [almost] no mathematically sound plan that can be created to have us borrow less money in the future.
  • No major, national politician is loudly, consistently talking about how we can spend/borrow less money.
  • Rather, there are loud, vigorous, and strengthening forces moving in the direction of borrowing even more money.

The government has only three sources of funds:

  • Taxation (bad for you if you earn money or have wealth)
  • Borrowing (bad for you if you're a citizen, not an investor)
  • Inflation (bad for you if you're a saver)

There's enough evidence for honest, careful people to predict the strong probability of future crises.

The problem is, we can't know when these crises will occur.

But it's time to start preparing.

Joshua

Direct download: RPF0628-Federal_Debt-The_Ticking_Bomb_that_No_One_is_Willing_to_Defuse.mp3
Category:podcast -- posted at: 9:56am MST

Today, we continue the Asset Protection series with an in-depth look at health and education accounts. Specifically, we cover:

  • Health Savings Accounts / Medical Savings Accounts
  • Flexible Spending Accounts
  • Health Reimbursement Arrangements
  • Qualified Tuition Programs (529 Plans)
  • Coverdell Educational Savings Accounts
  • UTMA / UGMA accounts

1:45 - Is it moral to support the current capitalist system of economics?

32:20 - How can I figure out how much umbrella liability insurance to purchase?

39:00 - Does having a higher umbrella liability insurance policy make you the target of a lawsuit?

46:05 - I want to buy a house but I'm in the middle of paying off debt (on Dave Ramsey's Baby Steps plan). Should I pay off the debt first?

Direct download: RPF0626-Friday_QA.mp3
Category:podcast -- posted at: 4:50am MST

1:00 - Should I roll my 401(k) over to my new job or into an IRA?

11:30 - How should I prepare for a meeting with an estate planning attorney?

17:55 - How should I decide to indulge myself with a luxury expense?

35:45 - Life insurance advice for a newlywed couple.

48:05 - How can I maximize the value of my business for sale?

Direct download: RPF0625-Friday_QA.mp3
Category:podcast -- posted at: 9:47am MST

The future will be one of the following:
1. Same as now or better
2. Similar to a recession
3. Similar to a depression
4. Similar to mad max
5. Void of humans due to asteroid hitting earth or similar calamity


2:00 - Life insurance advice for a recently married husband
6:15 - How can I make a back-door Roth contribution without being subject to the pro rata rule?
11:35 - How can I protect the money in my taxable brokerage accounts?
20:50 - How can I optimize my tax situation as an expat living in Bermuda?
47:20 - I live in China and am returning to the USA. What should I do with my money?
50:25 - How should I balance paying off debt with real estate investment?
1:03:05 - How can I invest for my 15-month old daughter?

Direct download: RPF0623-Friday_QA.mp3
Category:podcast -- posted at: 1:57pm MST

In this episode of the Asset Protection Series, we do a deep-dive into annuities. Entry-level stuff at the beginning and some extra, hard-core bonuses at the end.

Joshua


1:20 - How Can I Invest in Distressed Mortgage Notes Inside my Roth IRA?
8:05 - Should I Pursue a Chartered Financial Analyst Credential for My Own Investment Knowledge?
17:00 - Should I Contribute More Money to a Roth 401(k) than a Traditional 401(k)?
38:15 - How can I Balance Personal Privacy and Functionality in Building My Business?

For reference to any time-dated commentary, this show was recorded on 12/21/2018.

Direct download: RPF0621-Friday_QA.mp3
Category:podcast -- posted at: 11:09am MST

This is a recording of an interview I gave for "In The Rabbit Hole."

ITRH: E272: The Truth About Money and Preparedness

Originally published: November 12, 2018

https://www.intherabbithole.com/e272/

Direct download: E272.mp3
Category:podcast -- posted at: 12:00pm MST

1:25 - I just got married. What financial planning should I do now?

39:35 - My employer offers a 401(k) with no match. Should I participate?

55:35 - How can I save for my child's college education with a 529 plan or with a Roth IRA?

For reference to any time-dated commentary, this show was recorded on 12/20/2018.


In Episode 616, I argued the point that if missing one paycheck is a problem for you, you're behaving stupidly. My guest on today's show took umbrage with my commentary on Twitter. So invited her on to discuss!

Enjoy,

Joshua


Chris Moody and I have both spent the last 6 months traveling the width and breadth of the United States with an eye toward understanding the current moment. In this podcast, we discuss our findings.

  • Life Opted Out www.instagram.com/lifeoptedout 
Direct download: RPF0618-Reflections_on_the_State_of_the_USA_From_Two_Travelers.mp3
Category:podcast -- posted at: 3:24pm MST

1:45 - How can I give nice gift to people who are poorer than I am without creating a power imbalance?

15:20 - Can I contribute my salary into a 401(k) plan for my wife in order to maximize our retirement account contributions?

28:05 - How can I protect my non-qualified investment accounts that are exposed to the claims of creditors?

44:30 - I don't "need" term life insurance because I'm financially independent. Should I still buy some?

51:00 - I'm following Dave Ramsey's baby steps and am almost out of debt; should I store up my emergency fund in a Roth IRA?

56:00 - I want to buy an investment that will pay for my new car instead of just burning all my cash on the car. How do I do that?

(For the context of any time-relevant comments relating to current events, this Q&A was recorded on 12/19/2018.)

Direct download: RPF0617-Friday_QA.mp3
Category:podcast -- posted at: 10:07am MST

Stop behaving stupidly with your money.


Today, I share my advice for young men on how they can find an excellent wife. In short, you must become an excellent man. That's the task. Here are some ideas on how.

Joshua

 

Direct download: RPF0615-How_to_Find_an_Excellent_Wife-The_Preparation.mp3
Category:podcast -- posted at: 10:42am MST

Just a few thoughts to encourage you as we shut down for the Christmas break. May you have an opportunity to be encouraged and to encourage another person who is close to you.

Your voice matters.

Love you,

Joshua

Direct download: RPF0614-End-of-The-Year_Encouragement.mp3
Category:podcast -- posted at: 1:18pm MST

Direct download: 613-A_Useful_Question_to_Help_You_Get_Better_Advice_from_Experts.mp3
Category:podcast -- posted at: 9:32am MST

2:00 - Should we pay off our mortgage or invest?

9:50 - Should I put more money into one of my child's 529 plans in order to help them on their financial aid calculations?

18:30 - Should a retiree in her 60s pay 1.7% as a financial planning fee?

47:20 - How should we unravel the tax situation for a house that I live in but don't own?

1:13:00 - What college financial planning organization should I choose?


1:30-Should I dollar cost average into my Roth IRA or wait for a market downturn?

6:00-How can I get money to my child so they can make a Roth IRA contribution?

21:30-Can I do good asset protection by transferring all my money into a secret Bitcoin wallet that's kept completely offline?

34:00-Can I become a financial planner without pursuing it full-time?


2:45 - If you move from one state to another, do you have to start all over with your asset protection plan?
15:30 - How frequently does a state change its laws that relate to asset protection planning?
21:30 - What is the interplay between Federal regulations and State regulations?
23:35 - Is a 403(b) protected the same as a 401(k)?
25:30 - How have Joshua’s views on education changed in the last four years?
36:30 - What specific inspirational resources would Joshua recommend on the topic of education?
43:20 - How do you set financial priorities when you’re expecting a baby?
51:15 - How do you plan when you have a highly fluctuating income?
1:00:15 - How do you balance having a stockpile of cash while looking at big personal lifestyle expenses?
1:04:35 - Is Patreon a good option to monetize your website?
1:24:00 - Should our company add a Health Savings Account or Christian Healthcare Sharing Ministry option to our health plan?

Direct download: RPF0610-Friday_QA.mp3
Category:podcast -- posted at: 12:04pm MST




605-Asset Protection Planning for Mere Mortals - Part 4 - Understanding the Litigation Process and Vectors of Financial Attack



It's Friday! That means live Q&A:

  • Healthcare Sharing Ministries and Their Maximum Limits
  • Health Savings Accounts and HCSMs
  • What To Do With An Inheritance When You're in Debt

Enjoy!

Joshua

 

Direct download: RPF0603-Friday_QA.mp3
Category:podcast -- posted at: 3:17pm MST

In this episode of the podcast we tackle these two questions:

  • Is it legal to engage in asset protection planning?
  • Is it moral to engage in asset protection planning?

Short answer? Yes and yes. If that's enough for you, just skip listening to this episode. But if you'd like a bit more texture to the discussion, enjoy the podcast for a discussion of the legality and morality of asset protection planning.

Joshua

Direct download: RPF0602-The_Morality_and_Legality_of_Asset_Protection.mp3
Category:podcast -- posted at: 12:45pm MST

I love the topic of asset protection planning. It's super interesting to me.

But my observation is, like most topics, people involved in the business talk about what they can sell. The lawyers talk about corporations and trusts because they sell them. The insurance agents talk about life insurance and annuities because they sell them.

Since I don't sell that stuff, I think about you and what I think can help you.

And in today's show, I want to give you a simple starting place: think about your assets and think about the risk you're trying to protect them from. Then make your plans.

Details in the show.

Joshua

 

Direct download: 601-Asset_Protection_Planning_for_Mere_Mortals_-_Part_1.mp3
Category:podcast -- posted at: 1:26pm MST

Here's the complete answer that you need to know if you should pay off debt or invest.

Direct download: RPF0600-A_Complete_Answer_to_Whether_You_Should_Pay_off_Debt_or_Invest.mp3
Category:podcast -- posted at: 2:24pm MST

As many U.S. Americans engage in vigorous political debate today and follow with their vote, I want to share a story with you that I hope will help you to appreciate the richness of political peace. Not everyone in the world has it as good as you and I have it. But, as we vigorously debate political issues, it's easy to miss the blessing of the underlying framework of peace and prosperity that we enjoy.

Enjoy this personal story.

Joshua


Audio is pulled from: https://youtu.be/uj8f7ycnUtU

Direct download: Underground_History_Lesson_With_John_Taylor_Gatto_2of2.mp3
Category:podcast -- posted at: 12:00pm MST

John Taylor Gatto has died. My voice has also died. So rather than leaving you bereft of new shows, I decided to share a few Gatto files to encourage you to invest your education dollars well.

Direct download: RPF0598-I_Quit_I_Think_by_John_Taylor_Gatto.mp3
Category:podcast -- posted at: 2:19pm MST

On this episode we welcome Matt Miner back to the show. Matt previously came on the show to discuss whether going back to graduate school is a good financial move.

Since that interview, Matt left his corporate job and became a financial advisor!

In this interview we explore two themes:

  1. How good financial planning and preparation enables a move to a better career fit. This is an important component of a progressive plan towards financial freedom.
  2. How a personal finance aficionado can make a move towards working as a financial advisor without sacrificing their integrity.

Enjoy!

Joshua


Original article: https://www.charliedaniels.com/soap-box?b_id=4382&pg=1

Direct download: 596-Building_a_Life_Well_Lived-Observations_on_Turning_82.mp3
Category:podcast -- posted at: 11:26am MST

I missed several of my students' questions on the previous credit card Q&A show. So today, I wrap them up. Enjoy!

Joshua


It's Friday! That means it's Q&A time. Today we cover:

  • If I have no credit (because I haven't borrowed money in >25 years) should I work on building my credit score?
  • What has traveling like for Joshua and what are his plans for Radical Personal Finance.

Joshua

  • If you'd like to be on next week's Q&A call, sign up here: www.radicalpersonalfinance.com/patron
Direct download: 594-Friday_QA.mp3
Category:podcast -- posted at: 1:26pm MST

The Lifestyles of the Rich and Famous might make good TV  but it's the Lifestyles of the Frugal and Obscure that makes for wealthy people who keep their money.

Joshua

Direct download: 593-Lifestyles_of_the_Frugal_and_Obscure.mp3
Category:podcast -- posted at: 12:41pm MST

What do you think would happen to a mother of 12 who was widowed at a fairly young age and whose husband didn't have any life insurance? Could she survive? If so, how?

Today, I want to share with you the story of a friend of mine who went through that precise circumstance. I hope you enjoy it!

Joshua

Direct download: RPF0592-Widowed_With_12_Children_and_No_Life_Insurance.mp3
Category:podcast -- posted at: 2:20pm MST

Today we tackle:

  • How do I get new credit cards when I've already maxed out my limits?
  • Should I refinance my mortgage over onto my credit cards so I can drop Private Mortgage Insurance?
  • How should I handle a credit freeze on my accounts?

Remember, go buy the credit card course this weekend. It's at www.radicalpersonalfinance.com/creditcardcourse and you can save $10 with promo code CREDITCARDTEN.

Joshua

Direct download: 591-Friday_QA-Credit_Card_Edition.mp3
Category:podcast -- posted at: 2:32pm MST

Credit Cards can be really useful. But contrary to popular opinion, they're not the most useful when you're broke. They're more useful when you have a little cash.

Enjoy this excerpt from my new course "How to Borrow Money Safely and Never Pay Interest Using Credit Cards."

And then go buy it here: www.radicalpersonalfinance.com/creditcardcourse

Use "CREDITCARDTEN" to save $10. Until Monday only.

Joshua

Direct download: 589-How_to_Manage_Cash_While_You_Pay_Off_Your_Credit_Cards.mp3
Category:podcast -- posted at: 10:00am MST

One of the most under-appreciated aspects of credit cards is the significant privacy they can afford you. Listen to the show for details.

Remember, please sign up for my new credit card course: www.radicalpersonalfinance.com/creditcardcourse

Use coupon code "CREDITCARDTEN" to save $10 off the price. (Good until 10/15/18.)

Thank you!

Joshua


One of the most useful aspects of credit cards is how safe the debt is when compared to other forms of debt. Enjoy this excerpt from my brand new course called "How to Borrow Money Safely and Never Pay Interest Using Credit Cards."

The course is now available for you to buy. Go here: www.radicalpersonalfinance.com/creditcardcourse

Use the coupon code "CREDITCARDTEN" to save $10 off the price. (Valid until 10/15/18.)

Thank you!

Joshua

 

Direct download: 587-Credit_Card_Debt_Is_A_Very_Safe_Form_of_Debt.mp3
Category:podcast -- posted at: 11:24am MST

Today, we do a special (and really good) live Q&A exclusively on the topic of credit cards. We cover:

  • Should I Close My Old Credit Cards Before Applying for a Mortgage?
  • How Should I Refinance my Business Credit Card?
  • How Can I Use My Credit Cards Privately?
  • How Do I Pay Off My Credit Card Debt as a Newlywed?
Direct download: 586-Credit_Card_Friday_QA.mp3
Category:podcast -- posted at: 2:23pm MST

Direct download: 585-Credit_Cards_Are_An_Incredible_Tool.mp3
Category:podcast -- posted at: 2:15pm MST

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