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

On Fridays we do a live Q&A show! If you'd like to join me on the next one, sign up to support the show as a patron! www.radicalpersonalfinance.com/patron

Today we cover:

  • How Can I Gain Enough Experience to Use my CFP Designation?
  • Can I Unwind My Parents Reverse Mortgage?
  • How Do I Engage In A Meaningful Goal-Setting Process After a Layoff?

Enjoy!

Joshua

Direct download: 411-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MDT

The health of your credit score is an important subject. It's important that you keep your credit report squeaky clean and your credit score high.

Today, I'm going to give you some simple, free tools to do so.

  • How to check your credit reports for free
  • How (and why) to freeze your credit reports
  • How to monitor your credit scores for free

Joshua

Direct download: RPF0411-Check_Your_Credit_Reports.mp3
Category:podcast -- posted at: 3:32pm MDT

The Dow Jones Industrial Average has been steadily flirting with an all-time record of 20,000 points.

I certainly expect it to cross that threshold any day.

But, so what?

Today I tackle these three questions:

  1. What does a 20,000 point DJIA mean?
  2. What does it mean to you?
  3. What should you do about it?

Enjoy!

Joshua

Direct download: RPF0410-DOW_at_20k.mp3
Category:podcast -- posted at: 4:09pm MDT

Ain't it strange how so many of the universal human experiences cost so much?

Childbirth. Marriage. Getting Old. Death. All of them can cost a bunch of money.

But does it have to be that way? Are there alternatives?

Yes.

Guess what: kicking the bucket doesn't necessarily have to break the bank!

There are ways to do it cheaper. If you want to.

Today I tackle funeral expenses. You might not be able to benefit from the savings, but at least your family can have a little more cash left over to celebrate your life!

Enjoy,

Joshua

Direct download: 409-Get_Put_6_Feet_Under_Dirt_Cheap.mp3
Category:podcast -- posted at: 12:14pm MDT

What's the point of budgeting? Isn't it supposedly supposed to help you get richer?

Well, one way to make budgeting matter is if your budget categories actually help you to understand what's happening with your money.

Today, I walk you through some of my personal budget categories and explain how they impact my spending decisions.

I don't think you'll find these budget categories in any pre-existing software. But I do think they'll be really useful to you!

Joshua

Direct download: RPF0408-Budget_Categories.mp3
Category:podcast -- posted at: 11:59am MDT

I think RVs are awesome. In fact, my family just got back from a very fun 2-week RV trip last week!

But, RVs can also be a major money drain. Much like boats, it's easy to overestimate the pleasure you will get from it and underestimate the hassle.

In today's show, I share with you some of my ideas and thoughts on RVs:

  • Where they work and where they don't
  • Things to consider and keep in mind before you buy
  • Advantages and disadvantages of the various types
  • Tips for buying smart

Enjoy the show!

Joshua

Direct download: RPF0407-Motorhomes_RVs_etc..mp3
Category:podcast -- posted at: 4:02pm MDT

Hey Radicals!

Happy new year!

I was planning to come into 2017 with a bang, but a stomach bug turned the bang into a fizzle for me. Oh well!

You'll be hearing some changes to RPF in coming days. I want you to know about those in advance, so tune in for a quick chat today!

Joshua

Direct download: RPF0406-My_Plans_for_RPF_in_2017.mp3
Category:podcast -- posted at: 7:45pm MDT

I missed a couple of important points on the previous show on Health Care Sharing Ministries (HCSMs). Today we wrap those points up with a quick discussion of:

  • catastrophic protection
  • deductibility
  • HSA compliance
  • pre-existing conditions

We also discuss:

  • Self-Insurance
  • Direct Primary Care/Concierge Care
  • Catastrophic Coverage
  • Dread Disease/Critical Illness Insurance
  • Doctors on Call

Enjoy!

Joshua

 

Direct download: RPF0405-HCSM_wrap-up.mp3
Category:podcast -- posted at: 6:17pm MDT

Today I tell you why we don't have health insurance in my family and what we do instead! We continue our health insurance series today with a discussion of Christian Health Care Sharing Ministries.

Perhaps the Health Care Sharing Ministries shouldn't be in this series because they are not actually health insurance.

But, if you're a participant in an approved organization, you qualify for an exemption to the Obamacare tax penalty (for not having health insurance).

Personally, I love the concept of these organizations and I have nothing but good things to say about my experience with Samaritan Ministries (which is the one that my family participates in).

In today's show I give you a background of these companies and my own experience and opinion of them.

There are 5 major options for you:
1. Samaritan Ministries http://samaritanministries.org/ 
2. Christian Healthcare Ministries http://www.chministries.org/ 
3. Medishare – Christian Care Ministry https://mychristiancare.org/medi-share/ 
4. Liberty Health Share http://www.libertyhealthshare.org/ 
5. Altrua Health Share http://altruahealthshare.org/ 

Enjoy the show!

Joshua

p.s., if you join Samaritan Ministries, please remember to tell them that “Joshua Sheats” sent you so that I can get a small discount!

Direct download: RPF0404-Health_Care_Sharing_Ministries.mp3
Category:podcast -- posted at: 3:03pm MDT

One of the major burdens that the passage of the Affordable Care Act placed upon us is that we are required by law to maintain health insurance coverage. Or, if we don't, we have to pay a tax penalty.

But, as with most taxes, the Obamacare tax penalty is, in some ways, optional.

In today's show I teach you all of the ways that I know to escape it!

We cover:

  • How to calculate the tax penalty
  • What happens if you don't pay the penalty
  • All of the exemptions that you can qualify for

Enjoy!

Joshua

Direct download: RPF0403-How_to_Avoid_the_Obamacare_Tax_Penalty.mp3
Category:podcast -- posted at: 1:13pm MDT