Text of House Dems Proposal

@CPAPlanner's tweetstorm on the proposal

How Peter Thiel Saved $5 Billion Tax Free #PassportSheats

Today we discuss:

• 1:30 My landlord has Stage 4 cancer and wants me to buy his house. Should I do it?
• 15:30 Should I start an S-Corp to save on taxes?
• 24:39 How can I learn to be a lighter traveler?
• 33:33 How can I enhance my international diversification?
• 46:43 How much net worth should you invest into a single project?
• 1:04:30 How can I increase my income?

Join next week's call at https://patreon.com/RadicalPersonalFinance 

2:06 How should I save for my children's education?
31:00 How should I view crypto lending accounts?
38:00 My income is going to be super low this next year. What are my opportunities?
46:30 How much money should I spend on prepping?
1:03:30 I'm a new early retiree. Should I pay cash for a house or finance it?
1:22:30 I'm young and getting into house hacking. How should I start?
1:31:15 What are Joshua's real estate investment plans?

It's Friday! On today's Q&A call we discuss:

• 1:20 I'm 21 Years old and just bought a house. Should I do the Alpha Strategy?
• 24:50 I bought a rural property. How can I control my liability?
• 36:35 Should I prioritize retirement savings or a house down payment?

https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax 

It's Friday! Today we discuss:

• 2:21 What do we do with Michael Burry's predictions of a crypto crash?
• 18:35 How do I figure out how much life insurance I need
• 35:45 Is Florida the best state in the USA?

Enjoy! To join me next week, sign up here: https://patreon.com/RadicalPersonalFinance

Joshua

On today's Friday Q&A we discuss:

• 1:30 Should I spend money on home projects when I'm capable of DIY?
• 17:20 What's involved with my opening a business in Mexico
• 26:30 Is there any danger to my real estate strategy of doing owner-financing to Mexican immigrants?
• 35:30 How can a young CPA grow his business and career intelligently?
• 43:30 Should I buy a house?
• 1:01:00 What is the likely future of Liberland?
• 1:24:15 Is it crazy for us to AirBnB for 6 months while we find a new place to live?

If you'd like to be on next weeks Q&A show, sign up here: https://patreon.com/RadicalPersonalFinance 

Enjoy!

Joshua

On today's Friday Q&A is show we cover:

• 1:10 I have a new 109-acre property. How can I use it intelligently to offset the costs and taxes?
• 18:32 Should I pay off debt if I expect future inflation?
• 27:15 What tools should I use to learn a language from scratch?
• 41:45 How far can I go in deducting the expenses of my vacation rental and how far should I go to get tax deductions?
• 1:03:00 I'm getting my family into camping for the first time. Where should I start?
• 1:22:00 Should I invest into life settlement contracts?

Enjoy!

Joshua

https://patreon.com/RadicalPersonalFinance 

In 2013, Bitcoin traded for $85 per coin. Today, it's at $40,000 per coin. I never once told you to buy Bitcoin. In today's show I'll explain why and I will apologize for that oversight.

Joshua 

As a family, we've just finished the first two weeks of our most-recent nomad adventure in Mexico! In today's show, I want to share with you how and why we live in a golden age of travel and how you can access it if you want to!

Joshua

I firmly believe that any North American who is interested in a Plan B should consider Mexico as an option before almost any other country.

In today's podcast I've invited attorney Enrique Ramírez Corona on the show to discuss how Mexico's immigration program works.

Enjoy!

Joshua

• Enrique's website: http://www.sanmiguel-legal.com/
• Enrique's email: enrique@sanmiguel-legal.com  

It's Friday! Today we do Q&A!

• 1:30 Is there a downside to a second citizenship?
• 20:04 Should I invest for early retirement or buy a house?
• 47:37 How are my crypto wages taxed as I earn them and they grow?
• 1:06:00 Should I cash out my Teacher's pension or keep it?
• 1:16:48 I make 3x money as I did 6 months ago. Am I spending too much?
• 1:24:27 I have $1,000,000 in the stock market. Should I sell?
• 1:38:20 How can I plant some flags as a farmer?
• 1:52:31 How can I pay my parents to work for my business?
• 2:01:00 What's wrong with Universal Life Insurance?

To join next week's show, go to https://patreon.com/RadicalPersonalFinance

Disaster is NOT a strategy. But you can build a strategy for virtually any disaster.

Joshua

It's Friday! Today we do live Q&A and cover:

• I made a bunch of money on a real estate deal. What do I do with the money now?
• 29:35 How does Joshua go about making a podcast?

Joshua

p.s., join me on Patreon to join us next week! https://patreon.com/RadicalPersonalFinance 

In today's show, I'll share the exciting Sheats' Family travel plans for the rest of this year!

Joshua

p.s., Brand new! Text me a question or comment at 561-468-3158!

https://radicalpersonalfinance.com/store use code CHANGINGPLATFORMS

It's exceedingly difficult to live income-tax free in the USA. (At least if we assume you're going to make some significant money.) But it's not impossible. At least not conceptually. You just have to avoid that pesky thing called "income." Let's talk about how!

Joshua

50% off sale ends March 31. Use Coupon Code CHANGINGPLATFORMS at https://radicalpersonalfinance.com/store now!

Save 50 percent on all of my courses until March 31 with coupon code CHANGINGPLATFORMS at https://radicalpersonalfinance.com/store 

Save 50% on all of my courses until March 31 using coupon code CHANGINGPLATFORMS at https://radicalpersonalfinance.com/store

• 2:30 Should I buy a health insurance policy on the public exchange or join a Christian Healthcare Ministry?
• 9:30 Can I open an HSA account if I’m on my parents’ policy?
• 13:00  How long should I keep my personal banking records?
• 17:10 Should I convert my group life insurance to a personal policy?
• 26:30 Should I sell my rental property to invest in something else?
• 35:10 Should I take my money out of my 401(k) using the Coronavirus penalty relief?
• 40:45 Should I trust the government’s tax promises about my 401(k)?

Joshua

The Magic Penny is the best-performing investment asset any of us could dream of having. Today I'll show you how just a little bit of tax totally decimates its results!

Save 50% with code CHANGINGPLATFORMS only until March 31. https://radicalpersonalfinance.com/store​ 

 

I invited Jacob Lund Fisker back to Radical Personal Finance to discuss the Early Retirement Extreme lifestyle, investing, and how to protect yourself from catastrophic risk.

https://radicalpersonalfinance.com/store​ Save 50% with CHANGINGPLATFORMS until March 31

It's Friday and that means live Q&A! But remember that I'm doing a limited-time sale:

• Go to https://radicalpersonalfinance.com/store and get 50% OFF all of my courses using coupon code CHANGINGPLATFORMS
• I'm ending my personal consulting work on March 31, 2021. If you'd like to book a personal consultation with me, go to https://radicalpersonalfinance.com/consult and book now. Plus, you'll save 25% on that service too!

On to today's topics:

• 2:40 What can I learn from my recent investment wins?
• 11:06 I've decided not to FIRE as soon as I though; should I buy a vacation property?
• 25:41 Can going offshore lower my personal liability exposure?
• 40:52 My wife and I are retiring young. Now what?
• 54:36 Understanding the options on disability insurance.

Enjoy!

Joshua

p.s., remember to save 50% at https://radicalpersonalfinance.com/store with coupon code CHANGINGPLATFORMS and to book an consulting call with me at https://radicalpersonalfinance.com/consult before they disappear!

On March 31 I am removing my current courses from the marketplace so that I can re-shoot the video with fancier visual effects and release them at a higher price point.

I'm also no longer going to provide personal phone consulting services after March 31.

• Save 50% on my courses with coupon code CHANGINGPLATFORMS available at https://radicalpersonalfinance.com/store 
• Save 25% on my phone consulting by booking a call with me at https://radicalpersonalfinance.com/consult 

Both of these offers end on March 31, 2021, so act quickly.

Today, I'm going to share with you my thoughts about a friend's life and share with you some lessons from his life.

It's Friday! Today we cover:

• 2:08 - Should I take out a HELOC on my house to invest in stocks?

• 20:48 - Can I save money on my taxes by starting a dental tourism company?

• 25:15 - Is the career of a CFP a good career?

• 39:20 - Should I sell my $600,000 crypto portfolio?

• 59:28 - How can I find new and interesting ideas for my life?

• 1:09:28 - How can I build a framework for my children’s education?

• 1:17:08 - Should I take a job that promises me equity as compensation?

Enjoy!

Joshua

• Join me on Patreon: https://patreon.com/RadicalPersonalFinance 

In today's show we do live Q&A:

• 3:00 Should I take a government job with good benefits or a private sector job with other benefits?

• 16:42 How do I get myself back into tax compliance for a US citizen?

• 25:52 How should I protect my cash savings from inflation

• 35:30 Should I stay in hotels or buy a camper for my cross-country road trip?

• 56:30 Should I merge my HSA with my wife’s?

• 1:02:05 We are going to have a baby soon. Should we go travel with our maternity leave?

• 1:10:18 How can I quickly build my credit?

Hey Radicals!

I'm hosting a public meetup this Thursday, February 11, 2021 in Bogotá, Colombia.

If you'd like to join me, please email me: Joshua at Radical Personal Finance dot com.

Joshua

It's Friday! Live Q&A today:

• 2:00 Questions on retirement account contribution for US Americans living abroad

• 19:48 Should I dump my whole life insurance policy?

• 35:21 What are the rules on the disposition of stuff for my rental property?

• 45:21 Should I make big year-end contributions to my retirement accounts?

• 51:00 I just got laid off. What do I need to do now?

• 1:08:00 Should I enhance my charitable giving by giving appreciated assets?

• 1:14:44 How do I figure out the tax rules on my cryptocurrency?

• 1:21:15 Should I keep my home base in the USA or dump it and move?

Enjoy! To join next weeks Q&A show, go here: https://patreon.com/RadicalPersonalFinance 

 

In 2021, I resolve to spend more money and not to engage in extreme savings.

Here's why!

Joshua

• Book a consult with me: https://radicalpersonalfinance.com/consult

Watch this episode on YouTube: https://youtu.be/36fIApfStZM

• 1:30 - Stock market volatility - are total stock index funds a safe bet?
• 14:12 - How can I build self-confidence with public speaking?
• 18:54 - How can I start a for-profit daycare or school?
• 35:35 - How should I use this time to learn more about money? Other important topics?  How can I invest wisely at age 28?
• 46:00 - Should I take out a HELOC and use it to invest in a rental property?
• 53:00 - How can we decide whether my wife or I stay home with my son?
• 1:00:25 - Thoughts and strategies for working at home?
• 1:05:10 - Update on carnivore dieting?

We're in a recession. It hasn't been "officially" acknowledged yet, but it certainly will be.

So let's talk about how you can profit from this situation.

With the right attitude and the right decisions, you can come out of this difficult time positioned for greater and greater success.

Let's talk about how.

Joshua

Today, we do Friday Q&A:

• 00:00 Should I quit my job while I look for a business to buy or wait until I find one?
• 13:00 How should I go about becoming a minority partner in a business?
• 26:28 What is the best way for my dad to give me a rental property he doesn't want anymore?
• 41:00 Should I refinance from a 15-year mortgage to a 30-year mortgage? (And how can I progress in my career?)
• 1:00:17 Should I sell my stocks in anticipation of a market decline?

Enjoy!

Joshua

• Join me on next week's Q&A! http://patreon.com/radicalpersonalfinance

Yesterday, we talked about ways to avoid losing your job in the coming recession. But obviously there are factors beyond your control which might result in your being laid off, even though you've done everything "right."

So, you need a backup plan.

Don't wait and wonder what you'll do. Make a simple plan now for what you'll do.

Think about some different scenarios and play some mental games with yourself. That way, you'll be able to better respond to events instead of being shell-shocked by them.

Today's show covers:

• The importance of planning to avoid emotional stress when you get laid off.
• The direct impact of losing your income and how to plan for it.
• The impact that losing your group benefits can have on your financial life.
• Why you should consider establishing lines of credit before you need them.
• How you can stockpile both money and the simple necessities of life.
• The simple things you can do that will make it much easier to get your next job.
• The importance of proactively building and maintaining a network.
• How thinking like a consultant will help you now and help you later.

Enjoy!

Joshua

• The Queen of Versailles
• Living On Our Food Storage: One Family's Experience Of Living Without Income For A Year

I want you to understand the basic problem with debt so that you'll be prepared to avoid it.

Joshua

In order to build wealth over your lifetime you need to #InvestWisely. But, how? How do you do it? What should you invest in?

Today, we discuss that question with an active hedge fund manager named John Medford. He and his team manage a large fund with an impressive record.

And, in this episode, we discuss why you probably shouldn't bother to try competing with him.

Joshua

I think a pop up tent camper is an ideal compromise for family vacation travel.

In this show, I tell you why.

Joshua

A listener has a car with a blown transmission and is trying to decide whether to repair it or replace it. Here's my advice!

Joshua

Audio taken from: https://youtu.be/uj8f7ycnUtU

 

There are people who should never, ever, have a credit card. And of course they shouldn't buy my new course "How to Borrow Money Safely and Never Pay Interest Using Credit Cards."

But, everyone else should buy it. Go here: www.radicalpersonalfinance.com/creditcardcourse

Save $10 with promo code: CREDITCARDTEN

Joshua

In Part 1 of this interview (Episode 566), you met Scott & Susan, a couple who accidentally retired in their 30s and has spent the last two decades traveling the world in a sailboat and the US in a motorhome.

In today's episode, we discuss Scott's small business, Techie 4 Hire. If you have any interest in developing a location-independent business, pay attention to Scott's story of his own business. Also pay attention to some of the other types of businesses mentioned in this interview.

Finally, we discuss a bit of the technology of mobile internet connectivity. For many of us, our ability to reliably connect to the internet from the road can open up a location-independent lifestyle.

Enjoy!

Joshua

• To contact Scott, email techie 4 hire at live dot com.
• Please support RPF on Patreon: www.radicalpersonalfinance.com/patron

Part 2 of our 5-part series on radical housing.

Joshua

It's Friday! Today we cover:

• AirBnB Business Deductions
• Deductibility of Losses on a Personal Rental
• How to Get Great Podcast Guests

If you'd like to join next week's Q&A call, do so here: www.radicalpersonalfinance.com/patron

Joshua

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

• Should I Use my 401(k) Money to Invest in Real Estate with a Self-Directed IRA
• What Questions Could a Client Ask their Financial Advisor for a More Productive Relationship
• Do I Risk the Wrath of the IRS by Moving From Sole Proprietor to S-Corp
• When Is the Right Time to Hire a Tax Accountant Instead of Doing it Myself?

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

Joshua

I wasn't quite sure how I should approach today's book review of Tony Robbins new money book, so I asked the Radical Personal Finance Facebook group.

I wrote: "I'm about to record my review of Tony Robbins' new book, Unshakeable. Should I do it in my current mood as ticked-off, angry Joshua and rip it to shreds or should I do it in my calm, collected and intellectually neutral voice, carefully presenting the good, the bad, and the ugly? Whadya want?"

Well, most people seemed to want option A, so I turned the mic on and let it rip.

Enjoy my review of Tony Robbins' latest book: Unshakeable: Your Financial Freedom Playbook: Creating Peace of Mind in a World of Volatility.

Joshua

p.s., If you missed it, here's my 3-hour review and critique of his first personal finance book, Money: Master the Game: 7 Simple Steps to Financial Freedom.

• Get a free 34-day trial of the personal budgeting software that I use every day: www.radicalpersonalfinance.com/YNAB
• Please support Radical Personal Finance on Patreon: www.radicalpersonalfinance.com/Patron

 

 

I recently completed a brief demographic survey of the Radical Personal Finance audience. I learned a ton about who you are!

I thought it would be fun for me to share it with you and share how it impacted me.

Enjoy!

Joshua

    Do you need a website? Reach out to my own personal web team at www.sillygrasshopper.com and see if they can help you!

Radical Personal Finance Audience Demographics    
    
Gender    
Male    78.9%
Female    21.1%
    
Age    
13-17    0.2%
18-20    0.6%
21-24    6.9%
25-34    48.5%
35-44    29.8%
45-54    9.9%
55+    4.2%
    
Marital Status    
Single    27.4%
Married    70.1%
Divorced    2.4%
Widowed    0.1%
    
Race    
Asian    4.5%
Black    3.9%
Caucasian    82.1%
Hispanic    4.5%
Native American    0.1%
Pacific Islander    0.7%
Other    4.2%
    
Education    
Less than high school graduate    0.4%
Graduated high school / GED    1.7%
Trade / Technical school - no degree    1.5%
Attended college but did not graduate    5.4%
Two year college degree    5.3%
Four-year college degree    50.1%
Masters degree    26.6%
Doctoral degree    9%
    
Income    
<25k    2.8%
25k-49k    7.6%
50k-74k    14.7%
75k-99k    16.5%
100k-199k    40.8%
200k+    17.6%

On episode 425 of the podcast I interviewed Mr. Money Mustache. That episode was not intended to be an introduction to his teaching or his philosophy; rather, it was a human interest discussion with the man himself.

Today, I introduce you to the philosophy and teaching: the message.

What is mustachianism? What is the plan for financial independence espoused by Mr. Money Mustache?

Enjoy!

Joshua

• Start your search for a great financial advisor here: www.radicalpersonalfinance.com/patron
• Please support the show directly as a Patron: www.radicalpersonalfinance.com/patron

Hey Radicals!

We're quickly coming up on Episode 500 of the show. To celebrate, I'd like to do a special show, exclusively featuring your stories.

1. Will you please record a quick 2- or 3-minute audio message telling us about the changes you've made in your life and how you've made financial progress in your life?

I think hearing your story will be so encouraging to all of us.

Also,

2. Will you please send me a picture of you and/or your family for me to post on my screensaver?

I'd like to create a picture gallery of who my listeners are so that I can picture you and record better information for you!

Email those two things to: joshua@radicalpersonalfinance.com

Thank you!

Joshua

From time to time we get buying opportunities that emerge from a wrinkle in the marketplace. I think I see an opportunity right now for those of you who are in the market for a new car with the 2017 Chevy Volt. Details in the show! Joshua

On Fridays I do a Q&A show for Patrons of Radical Personal Finance. If you'd like me to answer a question for you, go here for information: www.radicalpersonalfinance.com/patron 

Today I answer:

• Should I Stay At A Job to Get Student Loan Forgiveness?
• When is the Ideal Age to Buy a Single Premium Immediate Annuity?

Enjoy!

Joshua