Radical Personal Finance

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.

 

 

Direct download: RPF0439-Unshakeable_Book_Review.mp3
Category:general -- posted at: 3:00am MDT

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%

Direct download: RPF0438-Audience_Demographics.mp3
Category:general -- posted at: 3:00am MDT

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

Direct download: RPF0437-Mustachianism_101.mp3
Category:general -- posted at: 3:00am MDT

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

Direct download: Episode_500_Request.mp3
Category:general -- posted at: 10:00am MDT

I'm traveling today and unable to record.

Enjoy my recent interview on the Richer Soul podcast!

http://richersoul.com/2017/03/07/ep-0010-richer-soul-joshua-sheats-radical-personal-finance/

Joshua

Direct download: richersoul_episode_10.mp3
Category:podcast -- posted at: 7:56pm MDT

I learned about business and money during my six years working as a financial advisor than at any other time period in my life.

Today I'm kicking off a series sharing some of the lessons that have most deeply impacted me. I'll share both the lessons I learned from business as well as the lessons that I learned from working with hundreds and hundreds of clients.

Lesson Number 1 is simple: Don't wait for business to come to you; go find it!

Joshua

Direct download: RPF0436-Lessons_from_Financial_Advice-1-Go_Find_the_Business.mp3
Category:podcast -- posted at: 3:33pm MDT

It's Friday. Pay attention. That means the weekend is here. Have you planned and scripted it out for maximum results?

Do it.

Love you,

Talk next week...

Joshua

Direct download: RPF0435-Plan_Your_Weekend.mp3
Category:podcast -- posted at: 2:23pm MDT

My guest today is a lady named Ruby. We met at Camp Mustache SE 2017 a couple of months back and I got to hear her immigrant story! She and her husband are both recent immigrants to the United States and they are aggressively pursing financial independence.

Enjoy her story!

Joshua

Direct download: RPF0434-Ruby_from_the_Philippines_Interview.mp3
Category:podcast -- posted at: 3:15pm MDT

I've been thinking about computer and data security this weekend and I decided to run with that theme for today's show.

I've compiled a simple list of 18 tips for you to enhance your financial security and financial privacy.

These range from the simple (#1 is for you to cover your PIN code with your hand) to the contentious (#10 is my advice as to whether you get greater security from using a credit card or a debit card).

But, they're all useful and free (or at least nearly free).

Enjoy!

Joshua

Direct download: 433-Simple_Free_Ways_to_Protect_Your_Financial_Security_and_Privacy.mp3
Category:podcast -- posted at: 6:38pm MDT

My guest today is Gwen, writer at www.FieryMillenials.com

She is a hardcore saver who is working her tail off to reach financial independence and to teach others through her story.

This is an ideal follow-up to yesterday's advice to my 22-year-old listener.

Enjoy!

Joshua

Direct download: RPF0432-Gwen_Fiery_Millennial_Interview.mp3
Category:podcast -- posted at: 7:23pm MDT

Today I answer this listener question:

Hi Joshua,

I am a 22 year old recent college graduate. I have since landed a job and have been working for about 4 months now. Prior to graduating college, I was much less educated on money matters and hardly mindful about my personal finances. Upon graduating, I realized that I knew next to nothing about budgeting, saving, investing, and growing wealth. Additionally, many technical terms and aspects of finance confused me. Since I was going to be getting a “real job” soon and making more money than I ever have before, I decided to self-educate and rid myself of financial ignorance. I began reading books, blogs, watching YouTube videos, and listening to podcasts. I now find myself in a much better position to make sound monetary decisions.

Here is my current situation:
I live at home with my parents rent free.
I am extremely fortunate to have no debt from college.
I have no debt.
I work a full time job and save virtually all of that money. I work a part time job and use that money as my “spending money.”

Essentially, I am blessed to have a blank slate coming out of college.

The downside of my equation is that my full time job does not pay particularly well ~$31,000 a year and I live in an area with a high cost of living (northern VA).

Do you have any advice for someone like me who is just getting started in the real world and wants to begin a path to financial independence?

I do realize that a huge step would be to find a better paying job – I am working on that. However what would you suggest that I do in the meantime to add additional income and begin my journey to FI?

My goal is not to make this all about making more money, but rather to position myself in such a way that I can live life the way that I want. ALSO I want to be in a position where I can easily provide advice and assistance to those who are less well off than I am.

Thank you in advance for any advice that you can provide!

Enjoy!

Joshua

Direct download: RPF0431-FI_Plan_for_a_22-Year-Old_College_Grad.mp3
Category:podcast -- posted at: 6:18am MDT

Today, I answer this question from a listener:

Joshua- Fan of the show and a Naval Officer. I have some questions on overall investing strategy.  I have close to 17 years in the Navy and will likely retire at 20 with a full pension (about $55k/year before taxes), currently have $440k in retirement savings for my wife and I split between Roths and TSP, have over $140k in college savings for my 2 kids (8 and 10 year old, plan on also transferring my GI Bill which will essentially pay for one of their college educations), and have about $30k in taxable accounts.  We are selling our house in Norfolk, VA this year-- been a rental for 5 years but we are moving from Tampa to Jacksonville where I will take Command of a Destroyer there.

So- my question-- I am looking at getting into real estate investing and slowing down retirement savings over the next 5 years (from about $25k/yr to $12k-- maxing out Roths and minimum to TSP).  Curious to hear your take on my overall situation and real estate investing writ large.  Ideally we'd put about $40-50k into things this year-- either buy and hold type rental properties or a flip- and then snowball any earnings plus about $30k annually over the next 4 years until I retire to setup passive income sources.  Thanks!

Direct download: RPF0430-Retiring_Naval_Officer_and_Real_Estate.mp3
Category:podcast -- posted at: 8:48am MDT

Listener Allyn writes in with this question: "What are your thoughts on using whole life insurance as a college savings plan? If you don't like it, why?"

My thoughts are in the show!

Joshua

Direct download: RPF0429-Whole_Life_Insurance_as_a_College_Savings_Plan.mp3
Category:podcast -- posted at: 1:57pm MDT

Do you feel richer today than you did yesterday? If not, why not?

Joshua

Direct download: RPF0428-How_to_Get_Richer_Every_Day.mp3
Category:podcast -- posted at: 3:19pm MDT

Different people learn in different ways. For that reason, we need many new approaches to helping people learn about financial independence.

I'm glad to bring my new friends Jonathan and Brad on the show to talk about their project ChooseFI.com.

Operating under the banner "Experiments in Financial Independence," they're seeking to create a new approach to learning and teaching about financial independence.

Enjoy the interview!

Joshua

Direct download: RPF0427-Jonathan_and_Brad_Interview.mp3
Category:podcast -- posted at: 3:26pm MDT

It's Friday! That means a live Q&A show. Today we tackle:

  • Should I Get Rid of my 3rd Car?
  • What is a Modified Endowment Contract and How Does it Work?
  • What Should We Do With All This Extra Money our Church Just Received?

If you'd like to join a show like this and ask your question, sign up to become a Patron! www.radicalpersonalfinance.com/patron

Joshua

Direct download: RPF0426-Friday_Q_and_A.mp3
Category:podcast -- posted at: 12:31pm MDT

Today, I bring you an interview with the #1 most requested guest! Mr. Money Mustache himself.

I connected with him while up in Gainesville for Camp Mustache a couple of weeks ago.

This interview isn't about the nuts and bolts of Mustachian philosophy or on how to become financially independent in a few short years; those topics have been well covered elsewhere.

This interview is about his current life, current projects, and things he's excited about at the moment.

Enjoy!

Joshua

Direct download: RPF0425-Mr_Money_Mustache_Interview.mp3
Category:podcast -- posted at: 8:36pm MDT

Every day I mention that little slogan, "financial freedom in 10 years or less" in my intro. It's an aggressive, spicy little slogan. But I probably don't do a good enough job of highlighting what that phrase actually means and how many different ways it can be achieved.

Today I have a really fun profile of someone who has successfully achieved financial freedom in less than 10 years by capitalizing on AirBnB. And doing it with properties that she didn't even own!

Enjoy hearing Zeona McIntyre's story of financial freedom!

Joshua

Direct download: RPF0424-Zeona_McIntyre_interview.mp3
Category:podcast -- posted at: 2:55pm MDT

Perhaps you've noticed that the topic of refugees has been in the news. The recent news sparked this question in the Radical Personal Finance Facebook group.

If I were unexpectedly detained/deported while I was traveling, with the uncertainty of my job or my possessions (or even my bank accounts) being accessible to me or even available to me if I were to somehow return, what would I do, and how would I manage? How might I create a plan to restart my life from scratch if I had to begin again in a different country?

I think it's a fantastic question!

Today I answer this question in 3 parts:

  1. What can you do to prepare for detainment by foreign border guards?
  2. What should you do if you're caught up in the mess created by the detainment of other people?
  3. What can you do to set yourself up to start a new life in another country if you have to flee in the middle of the night?

Enjoy!

Joshua

 

Direct download: RPF0423-Financial_Planning_for_Refugee_Status.mp3
Category:podcast -- posted at: 2:40pm MDT

I'm traveling today (appropriately enough), so I'm not able to serve you with a Q&A show today.

Instead, enjoy this recording of my appearance on the Nomad Together Podcast!

This show originally appeared on September 8, 2016 right here: https://nomadtogether.com/financial/

Joshua

Direct download: NOMADTOGETHER035.mp3
Category:podcast -- posted at: 10:00am MDT

I have a special treat for you today.

If you had the chance to sit down with the former President and CEO of Lehman Brothers and talk about his career and money, would you take that chance?

Well, I did.

And today I share it with you!

I sat down with my friend Andy Sage here at his home in Palm Beach with the microphones fired up for a discussion about his career in the business world, retirement, banking, and much more.

Enjoy!

Joshua

Direct download: RPF0422-Andy_Sage_Interview.mp3
Category:podcast -- posted at: 3:36pm MDT

I love to learn from people who have experienced great success in their lives.

But sometimes, you can learn more from failure than success!

Today, I've invited a new friend of mine on the show to learn what she learned from her massive failures in the past!

She and her husband were on the fast track toward wealth and financial freedom; they owned a ton of real estate and a thriving business.

And then they lost it all.

Listen to the episode for the gripping account of what that was really like!

Joshua

Direct download: 421-Success-Failure-Success-Felisa.mp3
Category:podcast -- posted at: 3:44pm MDT

My guests today are Joel and Alexis. I met them while hanging out at Camp Mustache SE in Gainesville and was intrigued by their story!

They went from being a fairly typical young couple with a small savings rate to being radical Mustachians, on track to retire in the next few years!

Enjoy learning how they worked through the problems and challenges to make this change!

Joshua

 

Direct download: RPF0420-Joel_and_Alexis_Interview.mp3
Category:podcast -- posted at: 3:12pm MDT

Car leasing is the most expensive way to operate a vehicle. Car leasing is the cheapest way to operate a new vehicle.

Both of those statements are true.

In today's show I explain why!

And I explain how to get out of a lease if you have one.

Joshua

Time stamps (courtesy of a listener):
0:00 Intro
1:50 Sponsors
4:55 Auto leasing is the cheapest AND most expensive
7:42 “Depreciation” explained
13:38 How does leasing a car work?
16:58 The major problem with leasing, and who leasing is great for
24:26 How to get out of a lease

Direct download: RPF0419-Why_Car_Leasing_is_Expensive_and_Cheap.mp3
Category:podcast -- posted at: 7:33pm MDT

Quick on-the-road show today to share listeners' suggestions, additional information, feedback, and questions.

Joshua

Timestamps: (thanks to the hard work of a listener!)

0:00 Intro
6:00 Joe recommends a “relationships” budget category, separate from “giving”. (Episode 408)
12:08 Rio asks how to separate personal and business budgets. (Episode 408)
14:36 Guy asks about budgeting for taxes. Should one start the budget using gross or net income? (Episode 408)
18:13 Artem comments about donating a body to science as being different from organ donation. (Episode 409)
20:03 Ross comments that funerals should also be considered a means of closure for the living. (Episode 409)
21:34 Hannah offers insight into the credit score that CreditKarma.com utilizes in its calculations. (Episode 411)
24:35 Guy asks if freezing you credit negates the need for ID protection/insurance services. (Episode 411)
26:38 Kevin offers up a tip of the day. (Episode 411)
27:13 James has concerns about the Personal Capital sponsorship. (Episode 413)
44:24 Advice to podcasters regarding ads, specifically CPA (cost-per-aquisition) vs. CPM (cost-per-thousand).

Direct download: RPF0418-Saturday_QA.mp3
Category:podcast -- posted at: 6:32pm MDT

On Fridays I host a live Q&A show! This show is open for Patrons to call in and talk with me about anything they want to.

If you'd like to participate in this call, become a Patron! www.radicalpersonalfinance.com/patron

Today we tackle two questions:

  1. Should I Follow Dave Ramsey's Baby Steps and Pay off My House Early?
  2. I Had an Unexpected Child...Should I Finish Graduate School or Drop Out to Be a Mom?

Enjoy!

Joshua

Direct download: 417-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MDT

My guest today is a man named Bill. We met at Camp Mustache SE this past weekend.

As soon as I heard a little bit of Bill's story, I knew I needed to get him on the show for you!

Bill is a really neat guy. He enjoyed a very fun and adventurous career wherein he primarily worked for himself. And then he retired early.

He's a man filled with wisdom.

You'll really enjoy this interview.

Joshua

Direct download: RPF0416-Bill_Interview_Camp_Mustache.mp3
Category:podcast -- posted at: 10:00am MDT

Today I have a simple--but profoundly important--concept for you to consider and embrace: your personal safety.

There are small safety decisions that you can make that have a huge potential impact for you, both monetary impact and personal impact.

Enjoy!

Joshua

Direct download: RPF0415-Invest_in_Your_Safety.mp3
Category:podcast -- posted at: 3:41pm MDT

I always keep my eyes out for interesting and unusual lifestyle stories. Last week when I was researching cheap coffin plans, I came across the $5 DIY coffin plans at PiedmontPineCoffins.com.

Upon further reading I became aware that Don and his family live entirely off-grid and that he creates his coffins entirely by hand!

Sounded like a fun story so I invited him on!

Enjoy,

Joshua

Direct download: RPF0414-Donald_Byrne_interview.mp3
Category:podcast -- posted at: 2:10pm MDT

This past weekend I had the privilege of addressing the very fun crowd of hardcore Mustachians gathered in Gainesville, FL for Camp Mustache SE 2017.

(Mustachian = acolyte of the Mr. Money Mustache blog and personal lifestyle and financial philosophy.)

I was invited to give a presentation and I chose for my topic, "Why Wait Until You're F.I. to Live Like You're F.I.?"

This addresses a theme I often see among the hardcore early retirement crowd. The idea is this: "My life stinks right now but it'll all be great after F.I."

But, is that the best way to approach it? Why not recognize that life can be great now and after F.I.?

Enjoy!

Joshua

 

Direct download: RPF0413-Camp_Mustache_SE_2017_speech.mp3
Category:podcast -- posted at: 10:49am MDT

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

If you're building a business, you may reach a point in time at which you need more money to expand your operation than you're currently receiving from your revenues.

Traditionally, this is where you would either go out and solicit more investors to back you or perhaps go and borrow money from a bank.

But, thanks to major changes in the law, there's another option now available to you: equity crowdfunding.

Equity Crowdfunding is a way for companies to solicit investments from individuals similar to how product crowdfunding sites like Kickstarter, et al, solicit sales from individuals.

There are tremendous possibilities here for you as a business owner.

But, don't skip this show if you simply don't own a business.

You may be interested in this topic from the perspective of a business owner! You can participate as an investor with these companies yourself!

Enjoy the show,

Joshua

 

Direct download: RPF0402-Nathan_Rose_Interview.mp3
Category:podcast -- posted at: 3:36am MDT

So, you set a goal for your income next year. Great! Good job!

That's a nice place to start.

But it does nothing for you if you don't translate it into an hourly income goal.

Listen to the show to find out why and how.

Joshua

Direct download: RPF0401-Set_an_Hourly_Income_Goal_and_Plan.mp3
Category:podcast -- posted at: 3:00am MDT

I learned the hard way not to wait until the end of December to think about how my past year went and how I wanted my next year to go.

Don't wait.

The first two weeks of December are your golden time for your year-end review process.

Details in the show!

Joshua

Direct download: RPF0400-First_Two_Weeks_of_December.mp3
Category:podcast -- posted at: 3:00am MDT

Happy Thanksgiving Day, Radicals!

Joshua

Direct download: RPF0399-Thanksgiving_Greetings.mp3
Category:podcast -- posted at: 5:08am MDT

One of the thorny research projects which I'm personally undertaking is to study the most effective ways to invest my money and my life into my local community without passing through the financial services intermediaries.

Friends, it ain't easy.

Our entire world is wired to go through the mainstream banking/investment/etc. industry. And it's not easy to break free.

But, I'm convinced that it is possible.

So, I'm working on it.

And today, I've invited a new friend of mine on the show to explain how he does it.

Tim Yarbrough is an entrepreneur and investor from Alabama who has been in business for over 40 years. He has personally invested in dozens of companies there in his community.

Today, he shares his wisdom from 40 years of experience with you and with me.

Enjoy!

Joshua

Direct download: RPF0398-Tim_Yarbrough_Interview.mp3
Category:podcast -- posted at: 2:17pm MDT

Today we continue our health insurance series with a discussion of the Premium Tax Credit.

The Premium Tax Credit is available for those whose income is between 100% and 400% of the Federal Poverty Level who purchase their health insurance through a government-run marketplace.

The dollar amounts involved can be substantial if you're in that range.

Pay attention,

Joshua

Direct download: RPF0397-Premium_Tax_Credit.mp3
Category:podcast -- posted at: 12:37pm MDT

Today I've invited real estate investor Joe Fairless on the show. And yes, we chat about real estate.

But, I don't have him on to speak about real estate exclusively.

Rather, I want you to pay careful attention to how he got into real estate in the first step.

Pay attention to the arc of his overall career.

And then model him.

Joshua

Direct download: RPF0396-Joe_Fairless_Interview.mp3
Category:podcast -- posted at: 2:58pm MDT

Today, I share my thoughts on the Trump/Clinton election and connect it with a discussion of why I'm philosophically and morally opposed to Obamacare. (Hint: it's not because I hate sick people.)

Joshua

Direct download: RPF0395-Health_Insurance_Pt_2.mp3
Category:podcast -- posted at: 3:47pm MDT

In case you haven't heard, this Presidential election is the most important one in your lifetime. And, it will retain that title until November 9 when the 2020 election will take over as reigning champ.

Not only is this the most important election of your lifetime, but if the wrong person is elected, we literally face the end of the world as we know it!

So, what are you to do?

Well, today's show contains my thoughts and advice around presidential politics as well as 10 things you can do that will actually make a difference after you've cast your vote for President of the United States.

Joshua

Direct download: RPF0394-On_Voting_Elections_and_Presidential_Politics.mp3
Category:podcast -- posted at: 1:52pm MDT

Today we embark on our journey through the wild and woolly world of health insurance.

This topic is utterly frustrating to navigate and incredibly divisive in philosophy.

Obviously, it's a perfect topic for Radical Personal Finance!

Joshua

Direct download: RPF0393-Health_Insurance_Series_Part_1.mp3
Category:podcast -- posted at: 1:35pm MDT

If you look at all of your expenditures and methodically add up all of the money you've spent in the last year on taxes (of all types), you will likely find that taxes are one of your largest spending categories.

So, in our constant quest to lower expenses, what can we do about that problem?

Well, you can engage in good, proactive tax planning and tax avoidance.

And, we've talked about that extensively here at #RadicalPersonalFinance.

But, have you ever thought about getting involved at the root of the problem? In working to roll back the taxes levied upon you at the seat of government?

Most of us haven't.

And the reason we haven't is that we are trained to automatically revert to fighting about national politics.

I'm convinced that national politics is utterly hopeless--at least for now. You have no voice, no power, and your involvement and even your vote are essentially meaningless.

But, take courage.

That doesn't mean that all is lost.

You can make a huge difference if you get involved in local politics.

Your voice and your work and your vote can make a huge difference at the local level.

My guest today is Paul Dorr. He is a former bank owner but he's now a political consultant.

He specializes in helping ordinary people organize themselves politically in order to defeat local tax increases. And he's very good at his job!

He's here today to share with us some of his tips and techniques as well as his personal story.

I think you'll find today's show inspiring and helpful if you care about the cause of liberty.

And it might even help you lower your tax bill.

Enjoy!

Joshua

Direct download: RPF0392-Paul_Dorr_Interview.mp3
Category:podcast -- posted at: 3:01pm MDT

My guest today is Craig Cody, CPA, co-author of the book "Secrets of a Tax-Free Life: Surprising Write-Off Strategies Most Business Owners Miss."

We discuss:

  • Paying your paying your kids in your business
  • Renting your house out to your business
  • Cost-segregation studies
  • And more!

Enjoy!

Joshua

 

Direct download: RPF0391-Craig_Cody_Interview.mp3
Category:podcast -- posted at: 2:59pm MDT

Have you ever thought about engineering your layoff from your job as a means to advancement to your next opportunity?

After all, if you get laid off instead of quitting, there are a whole host of benefits to you. (severance, health insurance, etc.)

But, how do you do it?

And, is there a way to do it ethically?

My guest today has written the book on the subject.

His name is Sam and he is the writer behind the popular personal finance blog www.FinancialSamurai.com and his book is entitled "How to Engineer Your Layoff: Negotiate a Severance and Be Free!"

Enjoy the show.

Joshua

 

Direct download: RPF0390-Engineer_Your_Layoff.mp3
Category:podcast -- posted at: 2:54pm MDT

There are two phrases that we commonly use that are very destructive to your personal empowerment.

I recommend that you identify them and remove them from your vocabulary.

Try it!

You'll thank me later.

Joshua

Direct download: RPF0389-Banish_These_Two_Phrases_From_Your_Vocabulary.mp3
Category:podcast -- posted at: 2:50pm MDT

The title says it all.

Joshua

p.s., Sorry about the double show on the last episode. I am presently without a working computer, but I'll fix it ASAP. 

Direct download: Drunkenness-Will-Destroy-Your-Wealth.-Dont-Participate-.mp3
Category:podcast -- posted at: 3:17pm MDT

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
Direct download: RPF0387-Chevy_Volt_Show.mp3
Category:general -- posted at: 3:12pm MDT

I shudder and cringe when I hear someone who's thinking about upgrading their car because the new one gets better gas mileage.

I don't often yell, but please indulge me for a moment. YOU SHOULD NOT UPGRADE YOUR CAR IN ORDER TO GET BETTER GAS MILEAGE!

And, I'll prove it to you.

Listen to this show. And then, download the free calculator I built years ago and plug in your own numbers to see whether you should upgrade or not.

I think you'll be glad you did.

Joshua

Direct download: 386-You_Should_Not_Upgrade_Your_Car_for_Gas_Mileage.mp3
Category:podcast -- posted at: 3:36pm MDT

This is an audio file containing Steven Harris's free Family Emergency Preparedness Class.

This class contains very useful and practical information regarding emergency preparedness.

Some of the material is becoming dated.

For all of Steven's current work, visit his website www.Steven1234.com and follow the appropriate links.

Joshua

Direct download: Steven_Harris_Family_Emergency_Preparedness_Class.mp3
Category:podcast -- posted at: 1:08pm MDT

This is an audio-only version of Wendy DeWitt's "Sensible Food Storage" seminar. This is the most practical, complete seminar on home food storage I've ever been able to find.

You can view the original video version of this file here: https://youtu.be/GY5kiCzaeYc

You can also download the PDF handouts of this seminar here with these links. 

This handout contains the instructions for how to do Wendy's system: http://traffic.libsyn.com/radicalpersonalfinance/Everything_Under_the_Sun_by_Wendy_DeWitt.pdf 

This handout contains Wendy's sample meals with recipes and amounts calculated out for you: http://traffic.libsyn.com/radicalpersonalfinance/Everything_Made_Simple_by_Wendy_DeWitt.pdf 

Direct download: Sensible_Food_Storage_Seminar_by_Wendy_DeWitt.mp3
Category:podcast -- posted at: 12:52pm MDT

If you were unable to buy food for your family for the next couple of weeks, would you and your family be well-fed or would you be quite hungry at the end?

Today, we tackle the question of food insurance with a discussion of practical steps to take to build your own reserves.

I think it's very wise for you to make sure that you always have enough food in your house to feed your family for at least a few weeks, even better a few months, and perhaps even a year or more.

Since you can fit a year's supply of food under a twin bed, there's little reason not to plan ahead and store up some food.

But, it's tough to know how to do this.

I've divided this topic into two parts. The first show (#384) had a bit of the philosophy behind food storage and reasons for you to store up food.

Today's show (#385) has the practical advice for how to actually do it.

Enjoy!

Joshua

Direct download: RPF0385-Sensible_Food_Storage_pt_2.mp3
Category:podcast -- posted at: 11:33am MDT

If you were unable to buy food for your family for the next couple of weeks, would you and your family be well-fed or would you be quite hungry at the end?

Today, we tackle the question of food insurance. In short, I think it's very wise for you to make sure that you always have enough food in your house to feed your family for at least a few weeks, even better a few months, and perhaps even a year or more.

Since you can fit a year's supply of food under a twin bed, there's little reason not to plan ahead and store up some food.

I've divided this topic into two parts. This show (#384) has a bit of the philosophy behind food storage and reasons for you to store up food.

The next show (#385) has the practical advice for how to actually do it.

Enjoy!

Joshua

Direct download: RPF0384-Sensible_Food_Storage_pt_1.mp3
Category:podcast -- posted at: 11:29am MDT

When I make a significant purchase, I always try to pay attention to the process of that purchase.

I analyze my psychology and desire for the item, I consider carefully the decision process, and I consider the usefulness I get from the item and how much I enjoy and utilize it.

One major lesson I've learned is to always make sure to budget for the accessories to enhance the usefulness of an item.

Many times, the accessories you purchase for an item will make a dramatic difference in your ability to enjoy and use the item.

Detailed discussion of this concept in today's show!

Joshua

Direct download: RPF0383-Budget_for_the_Accessories.mp3
Category:podcast -- posted at: 2:26pm MDT

I recently read an article from the New York Times called, "It's Official: The Boomerang Kids Won't Leave." The story is a familiar one: adult children fall on hard times after college and need to move home in order to make ends  meet.

This is an experience that many parents have had.

The challenge is this: how do you get the kids to leave? What can and should you be doing in order to get them to a place of autonomy?

In today's show we tackle this subject.

We also cover some ideas for younger parents to implement in order to help your children avoid the boomerang effect in the first place.

Joshua

 

Direct download: RPF0382-Remove_Your_Boomerang_Kids_from_Your_Financial_Teat.mp3
Category:podcast -- posted at: 1:24pm MDT

As I release today's show, Hurricane Matthew is threatening the east coast of Florida and the Carolinas. (Today's show is not specific to Hurricane Matthew. The content is useful in any natural disaster or hurricane. But I wanted to get this information to you in a timely manner so that those of you in the warning cone have an opportunity to prepare.)

Today's show is very practical. I cover:

  • The most important need to address in advance of the storm: the ability to keep your phone and communications working without electricity.
  • How to think about and plan for an evacuation plan.
  • Simple and cheap ways to handle water and food when you have no power.
  • How to use your car as a generator.
  • And more!

Enjoy the show! 

Joshua

RESOURCES:

  • You need to keep your phone functional and charged at all times. The easiest, simplest way to do this is by using an external backup battery. There are varying sizes available:
    • I own the Kmashi 15000mAH External Battery Power Bank. It's the cheapest I've found ($14 on Amazon for the black version) and should give you 5+ charges for your phone. It has a 4-star rating on Amazon with about 7,700 reviews. I've had no problem with it. http://rpf.link/2dO4v0Y
    • I also own the RAVPower 13000 mAH External Battery Power Pack. It works perfectly fine and is smaller and lighter than the Kmashi above. (This is the one that I prefer to carry in my pocket while traveling. The Kmashi above is too big to be comfortable in my pocket.) It should get you about 4 charges. But, at $27 on Amazon, it doesn't give you as much bang for the buck. http://rpf.link/2dP9SJF 
  • Steven Harris has more information on keeping your cell phone charged at his excellent site: www.cellphone1234.com I chose to buy different batteries than he recommended because they were cheaper (but still highly rated) when I was shopping.
  • The Berkey water filter system that we own and use is this one: http://www.directive21.com/products/royal-berkey-system/ (This is where we bought it from--Directive 21 did a fine job with service.) There are other sizes available.
  • For information on how to power your house from your car, listen to Steven Harris's free class here at http://www.solar1234.com/ 
  • The Eneloop rechargeable batteries that I use in all of my flashlights, kids toys, etc. are these on Amazon: http://rpf.link/2dbuiLA I use this 8-cell Powerex charger to keep them all topped up. http://rpf.link/2dXXdHc 
  • The car battery charger that I recommended is from CTEK. http://www.ctek.com/ 
  • For more great, simple, practical emergency preparedness tips, check out all of Steven Harris's websites here: http://www.steven1234.com/ 

 

 

Direct download: RPF0381-Hurricane_Prep_Tips.mp3
Category:podcast -- posted at: 7:38am MDT

Are you an employee?

Want to make more money?

Want to have a tremendous career?

Listen to this show.

Joshua

Direct download: RPF0380-Practical_Advice_for_Employees.mp3
Category:podcast -- posted at: 12:34pm MDT

On today's show I cover four of the major perils of success.

Both failure and success have danger points. You might think a lot about the dangers of failure. But are you aware of the perils of success?

Have you thought about what might happen to you as you continue to achieve success?

In today's show, I share with you four dangers of success...and I've fallen prey to all four of them.

Then, after that discussion, I share with you how--and why--I'm removing some of the filters that I've kept on the content of RPF.

Not a lot is changing with regard to what I actually produce on RPF. But my own mental decisions are changing and I am intentionally giving myself more freedom to tackle difficult subjects.

Details in the show!

Joshua

As mentioned in the show. Please:

  1. Write me an email with "product question" in the subject line and ask me any question that you have. Or, just tell me the subject/topic/question you'd like me to do more content on.
  2. Will you please review the show on whatever podcasting platform you use? iTunes, Stitcher, App Store--all are fine. One or two sentences is perfect and you can do it right on your phone.
  3. Please support the show on Patreon. This is the best way to maintain a free and independent voice. www.radicalpersonalfinance.com/patron 
  4. Do you have a specific question you'd like my advice on? Book a consulting call here: www.radicalpersonalfinance.com/phonecall 
Direct download: RPF0379-The_Perils_of_Success.mp3
Category:podcast -- posted at: 3:50pm MDT

My guest today is Jason Vitug. Jason has a very interesting story of beginning at the bottom of the work-world, advancing quickly to company leadership, and then walking away to pursue travel and personal business projects that seem to integrate more with his life vision.

Oh, and he wrote a book and just finished a 54-city speaking tour.

Enjoy the interview!

Joshua

Direct download: RPF0378-Jason_Vitug_Interview.mp3
Category:podcast -- posted at: 2:55pm MDT

I recently appeared on Paula Pant's Afford Anything podcast for an in-depth discussion of the stages of financial independence.

The interview was one of the favorite interviews I've done in a while and I think you'll really enjoy it.

Enjoy!

Joshua

Direct download: AA039_Joshua_Sheats.mp3
Category:podcast -- posted at: 3:22pm MDT

Hey Radicals!

I'm heading to California today for #FinCon16. I'd love to connect with as many of you as possible while I'm there!

I'll be available on Thursday, Friday, and Saturday (9/22 to 9/24).

Reach out to me on Twitter and let's schedule a time to connect! https://twitter.com/JoshuaSheats

Joshua

Direct download: Announcement_for_FinCon16.mp3
Category:podcast -- posted at: 5:28am MDT

We know that it's worthwhile to increase income in order to reach our financial goals more quickly. But how can we do that?

One proven way is to get advanced education by attending graduate school.

My guest today is Matt Miner. He followed the time-worn path of attending graduate business school as a way of significantly increasing his earnings and he's learned from that experience. He's also studied the issue extensively, so he brings both personal experience and study to this question.

In this show we discuss:

  • Matt's personal path to improved finances
  • His advice on how to answer the question of, "Should I go to graduate school?"
  • Various options and ways to get the thing done!

Enjoy the show!

Joshua

Direct download: RPF0377-Matt_Miner_Interview.mp3
Category:podcast -- posted at: 5:24am MDT

I received the note below from a listener of my show and today I answer it!

Enjoy,

Joshua

-----

Hi Mr. Sheats!

I'm a home educated 13-year-old fan of your podcast.  I love how in-depth, interesting, and out-of-the-box it is.  I used to listen to the Dave Ramsey Show a lot, but that got really bland, so my dad suggested your show.  I love it!
I've been listening pretty much daily since January of this year, and you've inspired me to become financially independent before age 30.  Right now, I'm saving 70% of my income from working at my parents' dental office and trying to develop skills that will get me closer to that goal (such as math, coding, and finance, all things I love learning about and think have the best potential to help me become financially independent).

Do you have any advice for a thirteen-year-old listener like me?

As for a specific question, I was wondering whether you would recommend I continue doing high school at home or attending our local public school.

I'm really interested in taking CLEP classes since those could help me finish college faster.

As far as I can tell, the pros of public school are:

  • I'm pretty extroverted, so being able to hang out with friends every day sounds fun (although I'm sure high school isn't just hanging out!).
    The high school in our district is ranked 10/10, so it's supposed to be a good school academically.
  • It might be a good way to get a feel for going to a "normal" school and make getting used to staying at the teacher's pace, and other skills I might need for college easier.
  • The transcript is automatic, but in home education, you have to detail everything yourself and make sure it fits with requirements.


Cons:

  • I love being home educated!
  • I'm an independent learner, and I can learn faster just reading something and taking a test than sitting in class for an hour.
  • I'd probably have less time in a public school as opposed to home education.  Other than hanging out with friends, writing my fantasy novel, and playing music, I want to spend my free time as a homeschooler learning skills, experimenting with starting a business, and studying CLEP.
  • I'd have to stick with the class, but with home education, everything's based on your pace, so you can go faster.
  • I love how we can take vacations or days off sporadically, but in public school, with such long summer breaks, etc, you can't miss a day comfortably.
  • I'd have to wake up early (;

Thanks for all your time!

 

Direct download: RPF0376-How_to_Be_FI_at_30.mp3
Category:podcast -- posted at: 3:06pm MDT

My guest today is Lauren Greutman. Lauren has been on RPF before (with her husband Mark) way back at Episode 108.

But today she's back today as part of the book launch tour for her brand-new book: The Recovering Spender: How to Live a Happy, Fulfilled, Debt-Free Life.

In today's episode, we cover: 

  • Lauren's personal story and her highs and lows
  • Lauren's systematic, step-by-step advice for how to overcome a spending addiction
  • And more!

Enjoy the interview!

Joshua

 

Direct download: RPF0375-Recovering_Spender_with_Lauren_Greutman.mp3
Category:podcast -- posted at: 2:51pm MDT

On Fridays, we do Q&A. Today we cover: 

  • How Should I Structure My Purchase of an iPhone?
  • What Should I Think About When Buying a House?
  • How Many Credit Cards Should I Have For Optimal Living?
  • How Should I Value My Defined-Benefit Pension Plan

If you'd like to join for a future Q&A call, join here: www.radicalpersonalfinance.com/patron 

Joshua

Direct download: RPF0374-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MDT

You want to start a business...so, you have to decide what type of business entity to use, right? 

Well, yes and no. Yes in the sense that it is an important decision. But no in the sense that you should first focus on how you're going to build the business...and you should probably just start the business and see if it will work.

But, it is an important decision. And there is a lot of confusion over all these entities.

Today we cover these entities in an introductory capacity:

  • Sole Proprietorship
  • Partnership
  • C Corporation
  • S Corporation
  • Limited Liability Company (LLC)
  • Limited Liability Partnership (LLP)

My intention is not to give you all the details but simply an overview so you will feel more confident soliciting the professional advice that you need for your specific situation.

Joshua

 

Direct download: RPF0373-Intro_to_Business_Entities.mp3
Category:podcast -- posted at: 3:23pm MDT

Whatever begins to exist has a cause.

This fundamental truth governs much of your thinking. And yet, have you stopped to consider its application and how you can adjust this to your benefit?

The law of cause and effect is operational in your daily life. 

And yet, many people focus on the things they want (the effect) without every once stopping to think about how to get there! They don't think about the causes that are necessary to achieve a certain effect!

In today's show, I give you a series of very practical lines of inquiry into financial causes and effects. These ideas will help you to look at your own situation with a fresh vision and to create a customized plan that will help you go from where you are to where you want to be.

Joshua

Direct download: RPF0372-The_Power_of_Cause_and_Effect.mp3
Category:podcast -- posted at: 12:25pm MDT

Hey Radicals!

Tough week this week and I'm behind on shows. My apologies!

I thought you might enjoy this recent interview I gave on Everything Financial Radio in Grand Rapids, Michigan.

The first part of the show is with Gerald Celente. My interview starts at 19:15.

Back soon,

Joshua

  • The original file is found here: http://www.everythingfinancialradio.com/2016/07/gerald-celente-and-joshua-sheats-join-host-dennis-tubbergen/

Today's show is dedicated to the idea of mobile home investing. John Fedro stumbled into the mobile home investment business and has since made it his unique area of specialty.

Mobile homes have some unique characteristics that might make them an attractive investment class for you to consider. (After all, you can often buy an entire house for less than a new car!)

But they also carry some significant potential downsides.

Enjoy the education,

Joshua

 

Direct download: ROF0371-John_Fedro_Interview.mp3
Category:podcast -- posted at: 3:35pm MDT

On Fridays, I host a live Q&A call! Today we cover:

  • Should I Take a State Defined-Benefit Pension Plan or Choose a Defined-Contribution Option?
  • Why Do So Few People Grasp How Simple It Is to Become Wealthy?
  • What Are the Next Steps I Should Take in Establishing My New Consulting Business

If you'd like to join on a future call, become a Patron of the show at www.radicalpersonalfinance.com/patron 

Enjoy!

Joshua

Direct download: RPF0370-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MDT

Ever since I sat down and designed my "Seven Stages of Financial Independence," I've been a bit bothered by Stage 7: Financial Abundance.

I inserted it at the end of the list because I think that's where it belongs. But I don't think you have to wait until you get through the stages to be able to enjoy a lifestyle of Financial Abundance. And I definitely don't think you should wait for later to start planning for Abundance.

So, what do you do?

Well, in today's show I do my best to lay out some ideas to point you in the right direction. 

Enjoy!

Direct download: RPF0369-Dont_Wait_for_Financial_Abundance.mp3
Category:podcast -- posted at: 2:40pm MDT

Your personal credit and credit rating are an important component of your financial life. But did you know that you can also establish, build, and utilize an entirely separate credit file on your business?

My guest today, Ty Crandall, is an expert on both business credit and personal credit and he's here with me today to share with you some actionable strategies you can understand and implement to begin building your own personal business credit.

Enjoy!

Joshua

Direct download: RPF0368-Ty_Crandall_Interview.mp3
Category:podcast -- posted at: 2:52pm MDT

Today we tackle Social Security with Devin Carroll from www.SocialSecurityIntelligence.com 

Devin is a financial planner who has taken a special interest in consulting on the topic of social security.

In this show we cover some general background and advice for those who are trying to figure out how to approach their social security strategy as well as some interesting background on the social security program. (If you listen closely, you might even find an argument or two contained herein!)

Enjoy!

Joshua

Direct download: RPF0367-Devin_Carroll_Interview.mp3
Category:podcast -- posted at: 3:17pm MDT

My guest today has been from the lowest of lows to great heights of success. And then he repeated the cycle at least a time or two.

Rod Khleif has owned over 2,000 houses and apartments. He has made millions. And, he lost millions during the 2008 housing crash.

Today, he's come on the show to share the good and the bad from his experience. We cover technical details of real estate as well as many very important life lessons.

Enjoy!

Joshua

Direct download: RPF0366-Rod_Khleif_Interview.mp3
Category:podcast -- posted at: 2:25pm MDT

Do you wish to set out and travel but feel like you lack the money? Well, what if you did it anyway and just adjusted your style of travel to fit a more modest budget?

My guest today is long-time listener of the show, Philip Frey. A few years ago he did exactly that.

He set out across Europe with a schoolmate and they managed to cobble together a very fun trip on a very modest budget!

In today's show we discuss Philip's experiences and advice for how to replicate a trip like his. 

I also share some of my tips and ideas for how I would approach a trip like this for myself.

Enjoy the show!

Joshua

Direct download: RPF0365-Hitchhiking_On_40_Per_Day.mp3
Category:podcast -- posted at: 11:40am MDT

My guest today is Daniel Crosby. Daniel is a behavioral economist and he has applied his expertise to the question of investing.

One of the greatest challenges investors face is managing their own behavior. Daniel has studied this problem extensively and has formulated specific recommendations to help investors manage their psychology and manage their behavior.

Enjoy!

Joshua

Direct download: RPF0364-Daniel_Crosby_interview.mp3
Category:podcast -- posted at: 1:56pm MDT

I tried as hard as I could to ship a financial planning show today, but it just didn't get done.

Oh well.

I don't always promise to release audio to you every day, but I didn't want to leave you hanging without something to listen to.

So enjoy 20 minutes of pure Jim Rohn gold.

Joshua

Direct download: Jim_Rohn_-_The_Power_of_Your_Philosophy.mp3
Category:podcast -- posted at: 8:00pm MDT

My guest today is Kathy Fettke. Kathy has a very interesting story of learning to invest in real estate during a time of personal crisis. She has since leveraged her experience to build a business related to real estate in addition to managing her own investments.

Enjoy!

Joshua

Direct download: RPF0363-Katthy_Fettke_Interview.mp3
Category:podcast -- posted at: 2:36pm MDT

I'm fascinated with stories of immigrants to the United States. If you mentally put yourself in the shoes of an immigrant and then ask how you could become wealthy, even if you started with nothing, you have the opportunity to clarify the actions you can take which lead to wealth.

A listener to the show, Manhar Patel, emailed me and asked me if I was interested in his story. After a bit of back and forth, I invited him on the show to tell his story.

Manhar is an Indian immigrant to the United States who is working to build his fortune. Enjoy his story and take what you can learn from his tips and tricks and apply them to your life.

Joshua

Direct download: RPF0362-Manhar_Patel.mp3
Category:podcast -- posted at: 12:28pm MDT

The past few weeks have been a bit depressing for me due to the absurdity of national politics here in the United States.

I broke my personal rules of not getting involved with national politics and the results weren't pretty. I was thoroughly annoyed and saddened.

Until Sunday afternoon.

Which is when a young man in my neighborhood cheered me up by showing how it's possible for someone who wants something to get it, no matter what stands in the way.

On today's show, I share with you some thoughts on the power of choice which we all have. We have the power to choose what we do and when and how. 

Ultimately, the politicians don't have the power over our lives. We have the power over our lives based on our choices.

I cover some ways for you to build more freedom and independence (especially in the area of taxes) by understanding the laws that you're subject to and then simply avoiding the conditions of being subject to them!

Enjoy,

Joshua

Direct download: RPF0361-The_Power_of_If.mp3
Category:podcast -- posted at: 3:56pm MDT

On Fridays we do Q&A! 

  • Are Bonds Necessary for Good Asset Allocation
  • Traditional 401(k) or Roth IRA
  • How to Leverage Long-Term Travel for Career Advancement
  • What Kind of Retirement Plan to Put In Place at a NonProfit
  • How to Rebuild after Bankruptcy

If you'd like to get on a call like this, join as a patron! www.radicalpersonalfinance.com/patron 

Joshua

Direct download: RPF0360-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MDT

How much money do you spend eating out? How much money could you save simply by learning to cook for yourself?

My guest today is Ketura from www.FreeToCook.com and she's here to share her personal experiences in learning to cook from home to improve her family's budget.

Enjoy!

Joshua

Direct download: RPF0359-Ketura_Free_Interview.mp3
Category:podcast -- posted at: 10:53am MDT

Today we round out the 4-part disability series with:

  • A wrap-up of some key concepts
  • Taxation of disability insurance premiums
  • Various types of disability insurance policies
  • Pregnancy and disability insurance
  • Q&A from the audience

Enjoy!

Joshua

Direct download: RPF0358-DI_Taxation_and_Types_of_Policies.mp3
Category:podcast -- posted at: 2:52pm MDT

College and all of its associated costs can make a big difference in your financial situation. 

Today, I've invited Brad Baldridge on the show to discuss the college planning process and the background to many of the financial decisions.

I think you'll enjoy the interview. Be sure to stay tuned for the second half where we pull apart some strategies for making the student aid forms work to your favor.

Enjoy!

Joshua

Direct download: RPF0357-Brad_Baldridge_Interview.mp3
Category:podcast -- posted at: 1:06pm MDT

Minivans get a bad rap in our modern culture. They're the brunt of endless jokes and I want to see that change.

For some reason people think that minivans are suitable only for parents with kids.

They certainly are great for that--far, far better than an SUV--but that's not all.

I think a minivan is pretty much the perfect vehicle for everyone at every stage of life.

Yes, that's a big claim. But I really, really do think they're great.

Today, I do my best to convince you to join me in the land of the enlightened.

:)

Joshua

 

Direct download: RPF0356-Your_Next_Car_Should_Be_a_Minivan.mp3
Category:podcast -- posted at: 11:06am MDT

The tagline I created for Radical Personal Finance is this: "...the show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less."

Little by little I've been breaking this down for you and today we tackle the "financial freedom in 10 years or less" part.

I believe that, no matter where you're starting from or what your current financial condition, you can build a plan to achieve financial freedom in 10 years or less. And, in today's show, I defend that statement to you.

Enjoy,

Joshua

Direct download: RPF0355-Financial_Freedom_in_10_Years_or_Less.mp3
Category:podcast -- posted at: 1:42pm MDT

Today we continue our disability insurance series with a discussion of:

  • How to determine the benefit amount of an individual disability insurance policy
  • The interaction of group disability insurance and individual disability insurance
  • The definition of disability (own occupation, modified own occupation, any occupation)
  • How is disability determined (loss of time, duties, income)
  • Total disability vs. partial disability vs. presumptive total disability.

Enjoy!

Joshua

Direct download: RPF0354-Disability_Insurance_Policy_Provisions.mp3
Category:podcast -- posted at: 4:20pm MDT

Often very large financial goals can be achieved in a relatively short period of time if you focus enough on the goal and execute a plan with intense action.

Today, I bring you the story and experience of a couple who did just that. Ben and Deb Martinek decided to become over-the-road truck drivers so that they could pay off their student loans in a very short period of time.

They succeeded in paying off about $100,000 in debt in 2.5 years by driving a truck. And they had a great time doing it!

Today we hear their story and ideas on how you can do something similar for yourself.

Joshua

Direct download: RPF0353-Get_Rich_Driving_a_Truck.mp3
Category:podcast -- posted at: 12:51pm MDT

On Fridays we do a live Q&A show here at Radical Personal Finance. If you'd like access to these calls, join here: www.RadicalPersonalFinance.com/patron 

Today we cover:

  • Should I Purchase My Personal House in an LLC?
  • How do I Know if My Life Insurance Agent is Advising the Right Amount of Insurance to Own?

Enjoy the show!

Joshua

Direct download: RPF0352-Friday_QA.mp3
Category:podcast -- posted at: 10:00am MDT

Today, we continue our series on "Living a Rich Life Now" by discussing material riches and how you can appreciate the ones you already have and enjoy more more material riches now, without waiting.

Most people equate riches with things they have yet to buy. Largely, this is due to an effective marketing campaign by somebody with something to sell.

But, many of us easily forget about all of the material riches we already enjoy.

And, we neglect the easy ways we can live a rich life--perhaps even the lifestyle of a multi-millionaire--without the need to actually become a multi-millionaire.

This show contains some of my ideas which will, I hope, provoke you to clarify your own definition of a rich life and start living it as quickly as possible!

Joshua

Direct download: RPF0351-How_to_Live_a_Materially_Rich_Life_Now.mp3
Category:podcast -- posted at: 2:57pm MDT

Radical Personal Finance is "a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less."

That's the slogan that I came up with as the unifying theme after creating about 300 episodes of the show.

But, although I've been using this slogan for a while, I've never actually explained each of the statements in that slogan. And they're all important.

Today, I tackle the first part: What does it mean to live a rich life now?

There are immaterial aspects to a rich life and there are also material aspects to riches.

Today we tackle the immaterial.

Enjoy!

Joshua

Direct download: RPF0350-Immaterial_Aspects_of_a_Rich_Life_Now.mp3
Category:podcast -- posted at: 2:14pm MDT

I've previously stated that I don't understand why anyone would go into the field of medicine as a way of getting rich.

I understand why people would want to do it because it fits their goals and personality and sense of calling, but I've always felt that it's a bad move financially.

Even though you can earn a high income, there are a lot of disadvantages to the career!

Well, my guest on today's show disagrees with me!

He's a practicing physician and he thinks I'm dramatically misrepresenting the financial potential and payoff of medicine.

I think you'll enjoy our debate!

Joshua

Direct download: RPF0349-Peter_Steinberg_Interview.mp3
Category:podcast -- posted at: 2:05pm MDT