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

I've been busy today preparing for Hurricane Irma here at the Radical Personal Finance Global Headquarters.

At the moment, the National Hurricane Center forecasts the eye of the storm to pass squarely over HQ.

So, I thought I'd record a podcast and share a few things with you:

  • Based on watching the Hurricane Irma frenzy, I'm convinced that "societal collapse" scenarios are plausible. I learned this at Costco yesterday.
  • I'm also convinced we live in the greatest time to be alive and that there are so many tremendously powerful companies who are laser-focused on serving their customers. I learned this at Costco today. And from reading this article: https://www.linkedin.com/pulse/inside-story-what-took-keep-texas-grocery-chain-running-chip-cutter
  • The final 20 minutes of the show involves an off-the-cuff discussion of practical hurricane preparation if you decide to stay put through a storm.

Gotta run! Lots to do...

Joshua

Direct download: RPF0480-Hurricane_Irma_Edition.mp3
Category:podcast -- posted at: 3:55pm MST

It's Friday! On Fridays we do a live Q&A show. Today we cover:

  • (2:30) What Should a New Expatriate Do With Their Investment Money?
  • (18:30) What To Do With an Old Pension?
  • (26:40) How Should a Newlywed Approach the Rent or Buy Question?

If you'd like to join me for a future Q&A show, sign up to be a Patron at www.radicalpersonalfinance.com/patron

Joshua

Direct download: RPF0479-Friday_QA.mp3
Category:podcast -- posted at: 10:04am MST

Whenever there's a natural disaster, we have various articles on price gouging's lamentability, to wit, it's harmfulness and illegality.

But, is it really bad?

I say not.

"Price gouging" (or, more accurately stated, the adjustment of market prices to meet changing demand) has tremendous utility for the well-being of all involved and is absolutely upright, moral, and ethical.

Of course, this guy says it's wrong, morally and economically. I deal with his "arguments" in the show.

Joshua

Direct download: RPF0478-Price_Gouging.mp3
Category:podcast -- posted at: 12:23pm MST

I've been watching the #HoustonFloods this weekend and considering the lessons I can learn for my own disaster planning.

Today, I share some useful ideas for you about how to plan for events like the Houston Floods.

Joshua

 

Direct download: RPF0477-Financial_Considerations_for_Flooding_Preparation.mp3
Category:podcast -- posted at: 10:40am MST

Yesterday I was watching the solar eclipse (up north in the 100% band) and I happened to have breakfast with an expediter.

Not sure what that is?

Basically, a truck driver who drives a van. (More in the audio show.)

As we ate, I tried to lay out a few paths on how he could become financially free based on his current work.

And, I promised him a show on the topic.

So, you get to listen in as I tell him--and you--how any normal person can use a live-on-the-job opportunity as a trampoline to bounce them into the upper tiers of financial abundance.

Enjoy!

Joshua

Direct download: RPF0476-Pathways_to_FI-Expediting.mp3
Category:podcast -- posted at: 2:17pm MST

Time for Friday Q&A! If you'd like to join for a future show, sign up here: www.radicalpersonalfinance.com/patron

Today, we cover:

  • 2:00 Should I refinance my credit card debt by moving it to a HELOC?
  • 34:10 Do you have passion for a job before the fact or do you become passionate about it after you're good at it?
  • 42:30 Should I drop the military's Survivor Benefit Plan for my pension in favor of buying a 10-year whole life insurance policy?

Enjoy!

And remember! I have 27 seats remaining for the new Radical Personal Finance Guide to Career & Income Planning. If you're interested, I'd love to have you in the class. Join here: www.radicalpersonalfinance.com/career

Joshua

 

Direct download: RPF0475-Friday_QA.mp3
Category:podcast -- posted at: 11:14am MST

As I celebrate the opening of the registration page for the beta launch of the new Radical Personal Finance Guide to Career & Income Planning, I intend to share with you a few simple lessons related to career and income.

Today, we begin with the philosophical fundamentals: the interplay of human capital and financial capital. We all start with what we have (human capital) and use it to create financial capital, which we ultimately work to have in surplus. Once we have surplus, we get to decide what to do with it.

Enjoy!

Joshua

  • Try Hello Fresh to get awesome, pre-measured fresh ingredients delivered right to your front door! Save $30 off your subscription with code RPF30! www.hellofresh.com/rpf30
  • If you're interested in joining the beta launch of my new Guide to Career and Income Planning, I've got 65 seats left. Registration closes either on 8/20 or when I sell out the seats, whichever comes first. More details here: www.radicalpersonalfinance.com/career
Direct download: RPF0474-Human_and_Financial_Capital.mp3
Category:podcast -- posted at: 1:34pm MST

I've had a tough summer. I have nothing to complain about. I've been richly blessed and, in almost every way outside of Radical Personal Finance, life has been sweet. But, RPF hasn't been so great for me. And, if it hasn't been so great for me, it might not have been so great for you either.

I thought you might appreciate hearing the explanation and the story.

It's important to me to share the good and the bad--the heights and the lows--with you in order to help you understand that we all share common struggles and trials.

That said, I don't think it's helpful to talk about problems unless I can also suggest a solution. And, thankfully, I've worked out some solutions to my problems. So, now I'm ready to share the problems with you!

I've figured out what's wrong with Radical Personal Finance. And [I think] I've figured out how to fix it!

Here's the story...

Joshua

Direct download: RPF0473-Whats_Wrong_with_RPF.mp3
Category:podcast -- posted at: 2:51pm MST

On Fridays we do a live Q&A which is open to Patrons of the show. Become a Patron at www.RadicalPersonalFinance.com/patron

Today we cover:

  • Can I Have Both a SIMPLE IRA and a Traditional IRA
  • What Personal Finance Books Does Joshua Recommend
  • What Three Investments Would I Buy To Leave Alone for a Decade
  • What Are the Rules of Thumb for Who Should Buy Long-Term Care Insurance
  • And more!

Joshua

Direct download: RPF0472-Friday_QA.mp3
Category:podcast -- posted at: 3:48pm MST

On Fridays, I host a Q&A call. Patrons of the show are invited to call in and ask any question they want!

Today, we cover:

  • (1:57) What's the best type of retirement plan for my wife's side business? (SEP IRA, SIMPLE IRA, Solo 401(k)?)
  • (16:45) How can I help my sister-in-law who is asking me for financial advice?
  • (30:20) Should I pay off my debt as fast as possible or save up and pay it off in large chunks of money?

Joshua

Direct download: RPF0471-Friday_QA.mp3
Category:podcast -- posted at: 3:39pm MST