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

I'm working on some back-office work this week and hustling to finish delivering the Radical Personal Finance Guide to Career and Income Planning before the Thanksgiving holiday, so today you get an "Out & About" interview!

This episode was released as Episode 37 of the Masters of Money Podcast on August 30, 2017. https://ptmoney.com/masters-money/

Direct download: PTM037_Joshua_Sheats.mp3
Category:podcast -- posted at: 9:12am MDT

Today's show is very special. Together, we celebrate 500 episodes together! The show is centered on your voices and your feedback.

This is a very meaningful milestone for me. When I began RPF, I committed myself to recording 1,000 episodes, even if no one listened. 4 years later, I'm half finished with that commitment! And I'm so honored that thousands of you do listen. Your feedback in this episode is so encouraging to me.

Thank you,


Direct download: RPF0500-A_Community_Celebration.mp3
Category:podcast -- posted at: 10:27am MDT

Lots of people wind up living in their cars out of extreme financial stress. But today, I'm going to share with you a few of my strategies for living in your car for fun.

I've never lived in my car for a long period of time, but I have done it for up to two weeks. And, living (or more accurately staying/camping?) in your car can be:

  • fun
  • easy
  • comfortable
  • frugal

You should seriously consider it. And I'm here today to tell you why and how to do it well.


Direct download: RPF0499-Living_in_Your_Car_and_Loving_It.mp3
Category:podcast -- posted at: 8:34am MDT

I recently took a friend of mine (who is super broke) through a grocery store and shared with him some of my strategies to fill your tummy when you're flat broke.

This should help you save some cash...or at least help you teach someone else who's hungry how to eat cheap.


  • Today's show is sponsored by Warby Parker. Get really nice and fashionable eyeglasses shipped right to your door for you to try on and save a ton in the process! www.WarbyParker.com/RPF
Direct download: RPF0498-How_to_Eat_Super_Cheap.mp3
Category:podcast -- posted at: 12:35pm MDT

After reading hundreds of listener emails this week, I've become very clear on the #1 mistake of the Radical Personal Finance audience.

Here's my attempt to help.


Direct download: RPF0497-Prioritize_Life_Not_Money.mp3
Category:podcast -- posted at: 1:56pm MDT

No, that title isn't clickbait. There really is risk created by paying off debt too quickly.

Details in the show.


Direct download: RPF0496-The_Risk_of_Paying_Off_Debt_Too_Fast.mp3
Category:podcast -- posted at: 2:55pm MDT

Today, we handle this interesting question from a listener:

"In talking about Samaritan to a pastor-friend he threw out the scenario that your middle school age son is injured in an accident while riding in a friend's car, and the police find marijuana in the car--what happens?

When I asked a Samaritan rep about it he said their board would carefully review the situation and if they deemed that your son wasn't responsible for/aware of the pot then his injury would be covered; if he was responsible/aware then he would not be covered.

While my kids are all under 8 right now and this scenario is a ways off as a possibility for us, I'm concerned that when they reach middle/high school age I may need to look into alternatives for a couple reasons: (1) I'm not fully convinced of an investigatory board's ability to discern for sure in such a scenario what was going on and (2) while I'm teaching my kids to obey their parents and the civil authorities, they are still sinners and, growing up being a learning process, I'm concerned that if one of my kids made a stupid choice as a 14 year old it could significantly haunt the whole family for a long time.

What are your thoughts on medical-sharing plans and this sort of scenario? (Obviously this is just one example of the many ways a child could make a sinful and stupid decision while still under their parent's care that could have long-term ramifications.)"



  • Sponsor: www.HelloFresh.com and use the promo code RPF30 to save $30 off your subscription!
  • If you decide to join Samaritan Ministries, tell them Joshua Sheats sent you over! That gets me a discount on my share next month. :) Thanks!
Direct download: RPF0495-Marijuana_and_HCSM.mp3
Category:podcast -- posted at: 10:32am MDT

Erin writes in and says: "I love listening to your podcast- I know you've had a few episodes recently in reaction to current events. As a resident of the Bay Area I hope you could do an episode in relation to wild fires (if there isn't a past episode I am overlooking)."

Erin et al, here are my suggestions for you!



Direct download: RPF0494-Planning_for_Wildfires.mp3
Category:podcast -- posted at: 12:24pm MDT

Fun question today for our Friday episode...comes in from Chris:


Looking to see if you have any insight on emotional/psychological decisions versus logical decisions when it comes to finance.

Back story -

I have a paid for 20 year old Harley. I have not ridden it in three years, I spend $200/year on an insurance policy, each spring I do maintenance on it which costs about $30, and living in Minnesota, we only really have 6 months or so of decent riding weather. I have a big garage so storage is not an issue, apart from each winter when I have to move it around in and tell myself I'll sell it in the spring.

I can make the logical argument to myself that I need to sell this. It is a depreciating asset, costs money to maintain and insure, and it really brings no value to my life.

However, I can not bring myself to sell it. I have no pressing financial obligations so the $5-6k that I would get from selling it would really not do much to improve my life. About the only thing that I would do with the money is put in a taxable brokerage account (through a RPF link tradeking account, of course).

I have told myself I am going to sell this bike for years now, but I still can't figure out why I still have it.

Any insight would be helpful, and as always, thanks for the great show!


Direct download: RPF0493-Should_I_Sell_My_Harley.mp3
Category:podcast -- posted at: 12:11pm MDT

I thought about simply calling today's show, "On Hammers."

You pick the title you prefer...but recognize the truth: tools are tools and their usefulness depends not on their inherent attributes but on their appropriate application.


Direct download: RPF0492-Hammers_and_Tools.mp3
Category:podcast -- posted at: 10:35am MDT