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

It's Friday! That means Q&A:

  • Where Should a 48-Year-Old Focus Financially for Retirement?
  • Should I Sell a Stock that Makes Up 25% of My Net Worth?
  • Should I Move Across the Country So My Children Can Be Near Their Grandparents?
  • How Strong Is the California Pension System?
  • Should I Contribute More to Retirement So I Can Pay Less on My Student Loans?
Direct download: RPF0454-Friday_QA.mp3
Category:podcast -- posted at: 3:00am MST

Today we tackle the Rule of 72 with a quick explanation of what it is and why it's useful to you.

Direct download: RPF0452-The_Rule_of_72.mp3
Category:podcast -- posted at: 3:00am MST

The Millionaire Next Door Wealth Index:

"Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be."

Direct download: RPF0451-The_Millionaire_Next_Door_Wealth_Index.mp3
Category:podcast -- posted at: 3:00am MST

About once a week, I get an email asking me for my opinion on network marketing opportunities. So, today, here is my opinion and advice for you!

Joshua

Direct download: RPF0450-Network_Marketing.mp3
Category:podcast -- posted at: 3:00am MST

Here's a great Monday-morning sermon by ETtheHipHopPreacher to kick off your work week. Thank God it's Monday!

Original video: https://youtu.be/5fsm-QbN9r8

Direct download: Secrets_to_success_Pt._1.mp3
Category:podcast -- posted at: 3:46am MST

We do a live Q&A show on Fridays. Today we cover:

  • How Do You Help Young People Engage in Goalsetting?
  • How Much Debt Is Too Much on Rental Properties?
  • How Do You Help Your Brother-In-Law Learn About Money?
  • Last-Minute Health Savings Account Contributions?

Enjoy the show!

Joshua

Direct download: RPF0449-Friday_QA.mp3
Category:podcast -- posted at: 3:26am MST

I've often made comments like, "Your 401(k) won't make you rich." Or, "People Don't Get Rich Because they Invested in Their 401(k)."

A listener recently asked for clarification on that statement. I thought it was so important that I dedicated an entire show to it.

In today's show, I give my defense of my statements and argue my case.

My thesis is simple: high 401(k) balances are correlated to people who are rich, but they are not a causative factor of wealth.

Enjoy!

Joshua

Direct download: RPF0448-Mythbusting-401k_Doesnt_Make_You_Rich.mp3
Category:podcast -- posted at: 5:13am MST

A little while back I gave this interview for Joe Fairless on his show, "Best Real Estate Advice Ever." We focused on the intersection between personal finance and professional financial advice. Enjoy!

Joshua

http://joefairless.com/best-financial-advice-achieving-maintaining-financial-freedom/

Direct download: JF2076120Joshua20Sheats.mp3
Category:podcast -- posted at: 3:00am MST

Today, please enjoy this recording of my appearance on Episode 107 of the Sound Retirement Planning Podcast with Jason Parker!

This show was recorded in Q4 of 2016.

http://soundretirementplanning.com/107-radical-retirement-planning-joshua-sheats-radical-personal-finance/


I see lots and lots of people talking about the idea of "passive income." Everywhere I look, I hear people talking about passive income and why it's so great!

But, I've heard very few people define the concept and explain what a true passive income opportunity is.

And the vast majority of opportunities I hear of don't qualify as passive income in my book.

So, let's bust this "passive income" myth today!

Joshua

Direct download: RPF0447-The_Passive_Income_Myth.mp3
Category:podcast -- posted at: 3:00am MST