Radical Personal Finance
It’s Friday! That means it’s time for Q&A! Today, I take one comment from a listener and two questions: A listener did their cash flow statement “Joshua’s way” and discovered taxes are the biggest item in their budget!!! How many different business entities do I need if I want to start some sideline businesses? Should […]
Direct download: RPF0093-Friday_QandA.mp3
Category:podcast -- posted at: 3:33pm MDT

I’m constantly asked about the topic of hiring and working with a financial advisor. I’m asked how to find a good advisor, what makes a good advisor, and how to know if you have a good one. I’m also asked how anyone with morals or scruples could ever be a financial advisor, why anyone would ever […]
Direct download: RPF0092-Michael_Kitces_Interview.mp3
Category:podcast -- posted at: 9:26am MDT

Many of us have had exposure to various forms of insurance throughout our lives. But how do you make the initial decision whether insurance is appropriate for you? Today, I share with you a framework for considering various risks that you face and various ways to deal with those risks. Enjoy! Joshua Terms from today’s show: […]
Direct download: RPF0091-Do_I_Need_Insurance.mp3
Category:podcast -- posted at: 11:49am MDT

This is an audio recording of Dorothy Sayers‘ well-known essay entitled “The Lost Tools of Learning.” The Lost Tools of Learning Dorothy Sayers That I, whose experience of teaching is extremely limited, should presume to discuss education is a matter, surely, that calls for no apology. It is a kind of behavior to which the […]

Direct download: Lost_Tools_of_Learning.mp3
Category:podcast -- posted at: 6:00pm MDT

Today we have Part 2 of my interview with Brett Veinotte on the history of school. If you haven’t heard it yet, start with yesterday’s show! Joshua Links: Brett’s website: www.schoolsucksproject.com Gatto’s book: An Underground History of American Education Dorothy Sayers: The Lost Tools of Learning The Story of Two Buses
Direct download: RPF0090-School_Sucks_Interview_2of2.mp3
Category:podcast -- posted at: 6:00am MDT

Today, we continue our education series by exploring the history of school with a special focus on the information you probably don’t know.. Education is a fundamentally important topic in financial planning both within the context of our own learning and also within the context of planning for our children’s education. It’s also often incredibly […]
Direct download: RPF0089-School_Sucks_Interview_1of2.mp3
Category:podcast -- posted at: 2:52pm MDT

Intentional minimalism is a powerful strategy to consider for personal financial planning. The richest man is not he who has the most but he who needs the least. My guest today is Joshua Becker. He is a normal, married, middle class man with two children. He and his wife discovered the joy and abundance of […]
Direct download: RPF0088-Joshua_Becker_Interview.mp3
Category:podcast -- posted at: 2:10pm MDT

Do we really need another book on finance? There are already tons of really great books on finance extant. But, how can we reach those who really don’t read very much? My guest today is Joey Fehrman, CFA and he decided to create a pirate adventure novel as a conduit for teaching the lessons of […]
Direct download: RPF0087-Joey_Fehrman_Interview.mp3
Category:podcast -- posted at: 10:04am MDT

The Personal Finance blogosphere is healthy and growing. Many of the writers who heavily influenced and contributed to the growth are no longer writing. And, many new writers are doing an excellent job! But, only a few have been around since the beginning and are still going. My guest today is one of those few. […]
Direct download: RPF0086-Todd_Tresidder_Interview.mp3
Category:podcast -- posted at: 12:36pm MDT

Since we’re constantly working our way around the triangle formula of wealth (income, expenses, rate of return on the difference), there is a consistency to all aspects of financial planning. We’re either focusing on increasing/optimizing income, decreasing/optimizing expenses, or we’re optimizing rates of return. That’s it. That’s the essence of financial planning. Today, we focus […]
Direct download: RPF0085-Steven_Harris_Interview.mp3
Category:podcast -- posted at: 11:03am MDT

Many people today are concerned with the potential impact to their wealth of long-term inflation, mass inflation, and hyper inflation. Few have a plan to deal with it. Today, I present one strategy that could be implemented which would help to protect your standard of living. It’s called The Alpha Strategy. The Alpha Strategy is […]
Direct download: RPF-0084-the_Alpha_Strategy.mp3
Category:podcast -- posted at: 1:24pm MDT

I’ve got a great Friday show for you! Today, we’re going to interview early retiree Justin who writes at www.rootofgood.com. Justin has a great story. Why should you listen to him? Well, he retired at 33 as a millionaire, even though he followed a relatively mainstream path through college and law school  I’ll pull this […]
Direct download: RPF-0083-Root_of_Good.mp3
Category:podcast -- posted at: 10:09am MDT

I’m interested in the topic of Peer-to-Peer lending but I’m not an expert on the subject. So, I went out and found an expert to teach us about the basics! Simon Cunningham is the founder of www.LendingMemo.com and is an expert on Peer-to-Peer Lending. He has borrowed through the system, he’s lent through the system, […]
Direct download: RPF-0082-Intro_to_P2P_Lending.mp3
Category:podcast -- posted at: 1:06pm MDT

Today, I have an interview with Rob Roy for you. Rob is an awesome guy. He’s the author of “Mortgage Free: Innovative Strategies for Debt-Free Home Ownership.” He and his wife live in a house they built in upper New York State. They’ve never had a mortgage! Today’s interview covers: Rob’s strategy for debt-free homeownership […]
Direct download: RPF-0081-Mortgage_Free_Interview.mp3
Category:podcast -- posted at: 11:03am MDT

I have a special spot in my heart for teachers. In many ways, the teaching career is an ideal career for building financial independence. But, it comes with its own unique set of challenges. Many people automatically assume that because of the “low salaries” that teachers earn, they can’t easily build wealth. But, our guest […]
Direct download: RPF-0080-Millionaire_Educator_Interview.mp3
Category:podcast -- posted at: 12:53pm MDT

I’ve always been interested in bus conversions and people who live in them. Today’s show is an interview with a young family who is living in a bus while saving and building their house. Sarah and Noah Springfield have three young children and they’re expecting their fourth in the next month or so. They’re saving […]
Direct download: RPF-0079-Little_Bus_on_the_Prairie.mp3
Category:podcast -- posted at: 3:23pm MDT

I’m excited about the massive growth of the early retirement community online. I’ve benefited hugely from the information and I want to serve and give back to the community. One of the most active forums I’ve found which is focused around early retirement is the Mr. Money Mustache forum. Over the years, I’ve admired the work […]
Direct download: RPF-0078-ER_FAQs_Real_Estate_v_Stocks.mp3
Category:podcast -- posted at: 12:37pm MDT

Today, we start our series on intelligent and radical ways to pay for college. We will arrive quickly at the technical discussion on this topic but first, we start with one of my new interests: early education for infants and toddlers. Today, I share with you my recent discovery into this world and what I’ve […]
Direct download: RPF-0077-How_to_Pay_For_College_1.mp3
Category:podcast -- posted at: 5:40pm MDT

Today’s show is about prudence and preparation in all areas of life. One of the oft-ignored aspects of personal financial planning is to plan appropriately for the areas of life that can’t be solved with the purchase of a financial product. This risks can vary from the mundane, common things of daily life to the […]
Direct download: RPF-0076-Prudent_Preparation.mp3
Category:podcast -- posted at: 11:23am MDT

Today, we have some excellent questions submitted from some very smart listeners! I was excited to be able to answer the questions for you and I’m really pleased with the variety, interest, and depth of this show. I hope you agree! Questions answered in today’s show: How do I plan for an appropriate amount of […]
Direct download: RPF-0075-QA_on_Life_Ins_Special_Needs_etc.mp3
Category:podcast -- posted at: 3:28pm MDT

After yesterday’s deep dive into the science of financial planning I decided today we need something a bit lighter. And, in many ways, more practical. Today we jump into some very practical and useful tips and ideas for saving money with a special focus on groceries and travel. Enjoy! Links: SavingsAngel.com – Josh’s coupon site […]
Direct download: RPF-0074-Interview_with_Josh_Elledge.mp3
Category:podcast -- posted at: 10:28am MDT

There’s a great deal of information online about the “4% Rule” for retirement income. Much of the information is excellent. Some of it is flawed. It’s very challenging to work through the data in this area of research because much of it is highly technical. But, it’s worth the effort! In celebration of the 20th anniversary […]
Direct download: RPF-0073-4_Rule_Interview_with_Wade_Pfau.mp3
Category:podcast -- posted at: 12:24pm MDT

I’m back! After two weeks out of the office and on the road, it feels good to be home in front of the microphone! Today’s show is a bit more personal. I share with you some of the lessons I’ve learned over the last two weeks from two very different but very complementary events. I […]
Direct download: RPF-0072-FinCon_and_MSFS_report.mp3
Category:podcast -- posted at: 2:54pm MDT

I’m on the road today so the show is a little different. Today I have a very short story for you about the compounding of a career. I think you’ll really enjoy this story of success. Links: The original James Clear article Investors Earn Handsome Paychecks by Handling Buffett’s Business
Direct download: Compounding_of_a_Career_-_Ready_for_Upload.mp3
Category:podcast -- posted at: 5:00am MDT

I’m on the road today so the show is a little different. Today I have a very short essay for you on the importance of choosing your hobbies carefully. No yelling. No prescriptions of exactly how you need to do it. Just some gentle encouragement!
Direct download: Choose_Your_Hobbies_Carefully_-_Ready_for_Upload.mp3
Category:podcast -- posted at: 5:00am MDT

I’m on the road today so the show is a little different. Today I have a very short essay for you on the importance of investing in your health. No yelling. No prescriptions of exactly how you need to do it. Just some gentle encouragement!
Direct download: Invest_in_Your_Health_-_Ready_for_Upload.mp3
Category:podcast -- posted at: 5:00am MDT

I’m on the road today so the show is a little different. Today I have a very short essay for you on the importance of investing in your marriage. No yelling. No prescriptions of exactly how you need to do it. Just some gentle encouragement!
Direct download: Invest_in_Your_Marriage_-_Ready_for_Upload.mp3
Category:podcast -- posted at: 5:00am MDT

I’m very, very interested in strategies that work to help people build better lives for themselves in every way. One major area of interest to me is simply opting out of the confiscatory tax regime of the United States. I’m not an expert on this area, so I’ve brought you today an interview with Andrew […]
Direct download: RPF-0067-Interview_with_Andrew_Henderson_Nomad_Capitalist.mp3
Category:podcast -- posted at: 5:00am MDT

I’m often asked what I really think about Dave Ramsey and his work. And I’m generally fairly slow to answer the question simply due to my desire to focus on things that I love that are positive rather than being negative or critical. But, I’m aware that this is a continual question. And while being […]
Direct download: RPF-0066-Does_Dave_Ramsey_Do_More_Harm_Than_Good.mp3
Category:podcast -- posted at: 5:00am MDT

Today’s show is live from #FinCon14! And, it’s an answer to a listener question. Here’s the question from a listener named Jeff: Hey Joshua, I have been listening to your podcasts ever since I found them a few weeks ago. Here is my question for you. Do you think I should pursue earning a financial […]
Direct download: RPF-0065-Financial_Planning_Designation_for_my_own_Knowledge_only.mp3
Category:podcast -- posted at: 1:19pm MDT

It’s not easy to retire early. But it’s also not necessarily complicated. In many ways, there’s a well-worn path to success and our guests today are a good example of one way that works. Jeremy and Winnie set out on a ten-year plan. Living in Seattle, they worked in the tech industry, lived frugally, and […]
Direct download: RPF-0064-Interview_with_Go_Curry_Cracker.mp3
Category:podcast -- posted at: 5:00am MDT

I’m on the road today so the show is a little different. Today I have a very short essay on the importance of tracking your time and some tips to help you set up a system that will work for you. This is episode complements the recent discussion of tracking your money. I hope you enjoy!
Direct download: RPF-0063-Track_Your_Time_on_the_road.mp3
Category:podcast -- posted at: 5:00am MDT

I love adventure and really love to hear adventure stories from people who have  gone out and fully embraced a unique adventure. I’m especially interested in how to fund these adventures. My new friend Erik Hemingway, the host of the Family Adventure Podcast tells a great story and spills the beans about how he and his family […]
Direct download: RPF0062-Interview_with_Erik_Hemingway.mp3
Category:podcast -- posted at: 5:00am MDT

I’m on the road today so the show is a little different. Today I have a very short essay for you on the importance of tracking your money and some tips to help you set up a system that will work for you. No yelling. No prescriptions of exactly how you need to do it. […]
Direct download: RPF-0061-Track_Your_Money_on_the_road.mp3
Category:podcast -- posted at: 5:00am MDT

Today I’m going to share with you one important question (and four follow-ups) that have really helped me in my own life and in my past work with clients. Also, I share two errors I made recently that I need to correct. Details in the show! A Powerful Question (originally from Dan Sullivan’s Strategic Coach […]
Direct download: RPF-0060-Things_I_Got_Wrong_and_4_Questions_to_Ask_Yourself.mp3
Category:podcast -- posted at: 6:54pm MDT

What would you do if you were $25,000 in credit card debt, unemployed, and had $200 to your name? Would you go get a job or would you start buying and selling stuff on Craigslist to dig out of your hole? Our guest today is Ryan Finlay. He found himself in exactly the same situation […]
Direct download: RPF-0059-Interview_with_Ryan_Finlay_ReCraigslist.mp3
Category:podcast -- posted at: 5:00am MDT

Wednesday was a sick day around the Sheats household and RPF HQ! But, I wanted to still bring you a bit of thought-provoking audio and today’s excerpt is here! Enjoy this short clip from Tim Ferriss’s interview of Kevin Kelly and check out the links for the full show! It’s an excellent interview! Links: The full […]
Direct download: RPF-0058-Sick_Day-Tim_Ferris_Excerpt.mp3
Category:podcast -- posted at: 2:00pm MDT

Today’s show is an interview with David Stein, a former professional portfolio manager and now host of the “Money for the Rest of Us” podcast. We had an amazing conversation and dug into some of the behind-the-scenes information on what the world of professional money management is like. You’ll also be interested in hearing how […]
Direct download: RPF-0057-Interview_with_David_Stein.mp3
Category:podcast -- posted at: 9:10am MDT

Today, we tackle head on the myth that financial plans should be the same for all people.  They simply shouldn’t. But we’ve probably all swallowed that line to some degree or another. I was inspired by Friday’s show at how many unique variables and plans could be developed. So I sat down and made a list […]
Direct download: RPF-0056-Financial_Plans_Should_be_Unique.mp3
Category:podcast -- posted at: 2:02pm MDT

We have a really fun question from a listener today! Essentially, it’s this: I’m 35 and I don’t like my job…I have a $1,000,000 and I want to retire but no one can agree on whether I can or not! Tune in to hear my answer–it’s probably not what you think! Links: The original Trinity […]
Direct download: RPF-0055-Friday_QA-is_one_million_dollars_enough_to_retire.mp3
Category:podcast -- posted at: 2:56pm MDT

I’m thrilled to bring you today’s interview with John Pugliano. John has followed the prudent path of the Millionaire Next Door–starting with nothing and becoming rich over a couple of decades by working hard, living frugally, and investing wisely. This is a path that is repeatable by most people in our Western societies. John came […]
Direct download: RPF-0054-Interview_With_John_Pugliano.mp3
Category:podcast -- posted at: 1:09pm MDT

Many people today have no idea how the tax return works. This is probably because many people today (including me) use either a computer program or an accountant to prepare their tax returns rather than calculating it by hand. This is probably much faster and more accurate but, in some ways, it’s a loss because […]
Direct download: RPF-0053-Explanation_of_Structure_of_1040.mp3
Category:podcast -- posted at: 1:59pm MDT

We’re back from a most excellent three-day weekend with a great interview with my new friend Kraig Mathias from www.CreateMyIndependence.com. I met Kraig in Dallas at the Podcast Movement Conference. We hit it off and I really loved hearing his story. Kraig was living a fairly normal financial life until 2010 when he was inspired to […]
Direct download: RPF-0052-Interview_with_Kraig_Matthias.mp3
Category:podcast -- posted at: 2:48pm MDT

Today, I answer your questions for the show! And we’ve got quite a mix of questions! How do I adjust my accounting system to handle irregular expenses? (Accrual accounting vs cash basis and double-entry accounting vs. single-entry accounting.) How can I use a Roth IRA for an emergency fund? How can I learn about permaculture? How […]
Direct download: RPF-0051-Friday_QA_Accrual_Accounting_Roth_and_Walmart_Reaction.mp3
Category:podcast -- posted at: 2:53pm MDT

Today we have a very special interview to share with you! I’m thrilled to bring you an interview with one of my favorite writers, Pat Schulte. Pat and his wife Ali have a really neat story: Pat and his wife were highschool sweethearts. After college he started working an $8/hr job as a clerk to […]
Direct download: RPF-0050-Interview_with_Pat_Schulte_from_Bumfuzzle.mp3
Category:podcast -- posted at: 12:20pm MDT

Today’s show is an introduction to estate planning. It’s the beginning of many, many shows in a series. I try to give you some basics to frame your knowledge. I also answer these questions: What is the  history of estate planning? Does everybody need a will? What happens if I die without a will? Why don’t people […]
Direct download: RPF-0049-An_Introduction_to_Estate_Planning.mp3
Category:podcast -- posted at: 12:59pm MDT

I worked hard on today’s show and I’m excited about it! It’s my plan for how I would become a millionaire with a minimum wage job at Walmart. The show is quite good (I think) but I didn’t have time to properly type up all of the show notes before my trip. (I recorded it […]
Direct download: RPF-0043-How_to_Become_a_Millionaire_On_a_Minimum_Wage_Job.mp3
Category:podcast -- posted at: 6:12am MDT

When people talk about money–especially in the world of success and financial planning–it’s often assumed that more is always better. This is wrong. More is not always better because: The more money you want, the more risk you have to take. The more money you want, the more you have to give up (or pay) […]
Direct download: RPF-0048-Why_You_Should_Probably_Lower_Your_Financial_Goals.mp3
Category:podcast -- posted at: 4:10pm MDT

Last week a listener reached out to me and basically said, “I love what you’re doing and I think I’ve got a fun story your listeners might enjoy hearing about!” I read his bio and told him he was right! Today, he’s on the show. Daniel Bernstein: Got a Ph.D. in Computer Science Worked at a […]
Direct download: RPF-0047-Interview_with_Daniel_Bernstein.mp3
Category:podcast -- posted at: 3:18pm MDT

I received an email from a listener named Jason who has a 401(k) with high fees. He asked me what I should do and I gave him a comprehensive answer. Enjoy the show! Links mentioned: Inflation adjusted return formula The actual rate of return of the average investor How to Get Started in Real Estate […]
Direct download: RPF-0046-What_Do_I_Do_With_a_Stinky_401k.mp3
Category:podcast -- posted at: 2:27pm MDT

I just got back from the Podcast Movement Conference in Dallas, TX. It was a really great conference! It was the first I’ve been to in the new media space. Today’s show is about: Why should we go to conferences in the first place? Major lessons I learned from #PM14 Things I didn’t learn at […]

It Couldn’t Be Done BY EDGAR ALBERT GUEST Somebody said that it couldn’t be done But he with a chuckle replied That “maybe it couldn’t,” but he would be one Who wouldn’t say so till he’d tried. So he buckled right in with the trace of a grin On his face. If he worried he […]
Direct download: RPF-0044-It_Couldnt_Be_Done_From_Austin.mp3
Category:podcast -- posted at: 1:34pm MDT

Today’s show is an interview with Dan-O from www.DanoSongs.com. I found Dan when I was looking for royalty free intro music for my show. When I discovered his site, I found exactly what I needed. And, I thought it was neat to find a musician making money off his songs! I thought it would be […]
Direct download: RPF-0042-Interview_with_Dan-O_from_DanoSongs.mp3
Category:podcast -- posted at: 6:00am MDT

Today we round out major tax strategies #2 and #3. As a refresher, here are the three basic tax planning strategies: Timing (deferring or accelerating taxable income and tax deductions) Income shifting (shifting income from high to low tax rate taxpayers) Conversion (converting income from high to low tax rate activities) Tax rates vary across […]
Direct download: RPF-0041-Tax_Planning_-_Income_Shifting_and_Income_Conversion.mp3
Category:podcast -- posted at: 8:49pm MDT

I think you’ll love today’s show! Today, we talk with Curtis Stone, Founder of Green City Acres, an urban farm in Kelowna, British Columbia. Curtis was a musician who decided he wanted a different life. He started his urban farm with a $7,000 investment and without buying any land. (That means no debt!) His first […]
Direct download: RPF-0040-Interview_With_Curtis_Stone.mp3
Category:podcast -- posted at: 10:56am MDT

I never intended that this show become “The Entrepreneur’s Hour,” but that seems to be a central theme! Today, I share some data that I stumbled upon from an IRS analysis of the 400 highest income tax returns. The results? Here are the income sources for the top 400 tax returns: Wages and salaries: 8.6% Interest: […]
Direct download: RPF-0039-Profits_Are_Better_Than_Wages.mp3
Category:podcast -- posted at: 8:09pm MDT

My guest on today’s program is Ken Ilgunas, author of Walden on Wheels. Ken paid off a “crushing $32,000 of student debt” from his undergraduate education by working odd jobs all across the country and vowed not to go into debt again. While pursing his graduate degree, Ken gained a bit of national notoriety when […]
Direct download: RPF-0038-Interview_with_Ken_Ilgunas.mp3
Category:podcast -- posted at: 2:23pm MDT

Today’s show is an interview with a listener who is far outside the mainstream finance world. Trevor Van Hemert is an entrepreneur, blogger, and financial independence advocate. Most importantly, he now makes his entire living online with a very short workweek. Join us for today’s interview as we discuss: Starting a business for a total […]
Direct download: RPF-0037-Interview_with_Trevor_from_Pedal_to_Petal.mp3
Category:podcast -- posted at: 2:45pm MDT

In today’s show, we tackle the first of the Big 3 tax planning strategies that you need to be aware of. As a refresher, here are the three basic tax planning strategies: Timing (deferring or accelerating taxable income and tax deductions) Income shifting (shifting income from high to low tax rate taxpayers) Conversion (converting income […]
Direct download: RPF-0036-Tax_Planning_-_Income_Timing_Strategies.mp3
Category:podcast -- posted at: 12:58pm MDT

Today’s show is a reprise of RPF Episode 4 – How to Save Money on Communications Bills with update information–or at least that’s what it was intended to be! The interview wound up going in some other directions! I.P. Daley, the Tech Meshugana has the best guide on the internet for how to save money on communications expenses […]
Direct download: RPF-0035-Saving_Money_on_Communications_Bills_and_Much_Much_More.mp3
Category:podcast -- posted at: 5:47pm MDT

On Monday’s shows I bring you a variety show with news articles that have stood out to me from this past week. Today, we cover a lot of ground! “A Tax Plan That Economists Love (And Politicians Hate)” from NPR’s Morning Edition Episode 387 of Planet Money: The No-Brainer Economic Platform One out of three […]
Direct download: RPF-0034-Monday_Roundup.mp3
Category:podcast -- posted at: 9:55pm MDT

Let’s get a bit radical today, eh? How about some finance lessons from homeless people? I’ve been doing some reading lately on the radical side…books written by homeless people and vagabonds to see what I can learn. Today, I share some of the lessons I’ve been learning in hopes of inspiring you with some out-of-the-box […]
Direct download: RPF-0033-Dumpster_Diving_and_Vagabonds.mp3
Category:podcast -- posted at: 2:54pm MDT

One of the biggest debates in the personal finance space is about which order to use to pay off my debts. Opinions vary, experiences vary, and tempers flare when this subject is brought up. I think the debate is helpful in some ways but rather silly in other ways. I think it’s a lot easier […]
Direct download: RPF-0032-What_Order_Should_I_Pay_Off_My_Debts-Lower_Sample_Rate.mp3
Category:podcast -- posted at: 11:51am MDT

I was recently speaking with a friend of mine who is in the process of starting a business. I was answering some of his questions when I realized how daunting it can be to start a business if you haven’t done it before. And how simple it seems after you’ve done it. Unfortunately, our entire educational […]
Category:podcast -- posted at: 3:18pm MDT

Many people have searched and searched for the holy grail of investing: a portfolio that provides a good return with low risk that can weather the economic storms, no matter what they be. Some feel that they have found it in The Permanent Portfolio. The Permanent Portfolio is a concept that was designed by Harry […]
Direct download: RPF-0030-Permanent_Portfolio_with_Jake_Desyllas.mp3
Category:podcast -- posted at: 3:33pm MDT

There is an iron formula of wealth that can be applied to all financial plans. The relationships between balance sheets cannot be broken in any way. To become wealthy, you much increase the net worth on the bottom of the balance sheet. The only two ways to increase net worth are to increase assets or reduce […]
Direct download: RPF-0029-The_Iron_Law_of_Wealth_Building.mp3
Category:podcast -- posted at: 3:03pm MDT

Hey friends, I’m still not able to speak well enough to record a normal show but I wanted to make sure you have something thought-provoking to listen to. The thought-provoking audio for today is from Cal Newport‘s speech at The World Domination Summit. I hope to be back with you loud and strong on Monday! […]
Direct download: RPF-0028-Follow_Your_Passion_is_Wrong_Career_Advice_sick_day.mp3
Category:podcast -- posted at: 7:51am MDT

Today’s show is very short but, I hope, very thought provoking. I’m feeling sick today and am not able to produce any content that will be up to snuff. But I’m certainly not about to leave you without something that will uplift you and make you smarter. Nothing’s seriously wrong with me–just run down due […]
Direct download: RPF-0027_What_if_Money_Were_No_Object_and_The_Game_of_Life_sick_today.mp3
Category:podcast -- posted at: 11:26am MDT

The Cash Flow Statement is the one document that you can create which will definitively show whether you can expect your wealth to increase or decrease in the long run. There are only three variables we can manipulate in any financial plan that will affect long-term wealth: The amount of inflows The amount of outflows […]
Direct download: RPF-0026-Statement_of_Cash_Flows.mp3
Category:podcast -- posted at: 9:45am MDT

This show is an interview with Jacob from The Early Retirement Extreme book and blog. Jacob is a former physicist who developed a plan that can help anyone, regardless of income, industry, or background, from where they are to financial independence in 5 years by learning to free themselves from the earn/pay cycle and substituting use of […]

Monday’s shows are variety shows with me sharing current events and commentary from this past week. The topics are wide-ranging and provocative! Enjoy! Links mentioned in today’s show: Discussion on happiness and money: New York City is the Most Unhappy City in America? Refers to this recent Harvard paper on the inequality of happiness across the nation. […]

I plan that Friday’s show generally be a Q&A show and today, I planned to answer two questions: one about planning for long-term care needs and the other about what to do with a less-than-stellar 401(k) plan. Unfortunately, I was really only able to answer the first one. But, I hope the answer will provide […]

Many times people ask me where to start with the process of financial planning. Today’s show answers that question. If you were assigned to take over a failing business and you wanted to turn it around, you would begin by answering two questions: Why does this business exist? (Purpose) Where is this business at? (Financially […]
Direct download: RPF-0022-An_Introduction_to_the_Statement_of_Financial_Condition.mp3
Category:podcast -- posted at: 10:59am MDT

Would you like to know what stocks, bonds, and derivatives actually are and how they actually work? Listen to today’s show to build your foundational knowledge so you’re not fooled by faulty analysis of markets. Join us as we discuss: Real assets vs. financial assets (all wealth comes from real assets–financial assets merely represent a claim […]

Today we have an interview with Jake Desyllas, author of “Becoming an Entrepreneur: How to Find Freedom and Fulfillment as a Business Owner” and host of The Voluntary Life Podcast. The primary interview is about entrepreneurship and how entrepreneurship is a really valid–if not the most effective–way to purse and find financial freedom and personal […]
Direct download: RPF-0020.mp3
Category:podcast -- posted at: 8:53am MDT

In today’s show we use the CFP Board’s “Job Task Domains” to frame the financial planning process as a helpful template for DIYers or as necessary information for financial planners. This framework and template is a comprehensive guide to the financial planning process, which is the method employed to get outstanding results. Beginning Announcements: It’s […]

Direct download: RPF-0019.mp3
Category:podcast -- posted at: 5:55pm MDT

On Fridays I answer your questions! I’ll answer any question you ask me. Today, we discuss: How would I protect my investments from a bear market? How would I invest the money I’m saving for a house downpayment? What financial advice would I give an 18y.o. me? What’s the most complicated thing in my day? […]
Direct download: RPF-0018.mp3
Category:podcast -- posted at: 11:08am MDT

In today’s show we move over onto the more “radical” side of financial planning. Today’s show is an interview with David Gross, author of “99 Tactics of Successful Tax Resistance Campaigns.” David worked as a computer programmer and lived a fairly normal life until 2003, when he became bothered by the actions of the U.S. Government […]
Direct download: RPF-0017.mp3
Category:podcast -- posted at: 2:15pm MDT

Today’s show is a bit more general and philosophy focused rather than technical. I decided to use a question from my Twitter exchange with Robbie this morning as the springboard for my show. @RadicalPF knowing what you know today. What financial advice would you have given your 18yr old self? Doesn’t just have to be […]
Direct download: RPF-0016.mp3
Category:podcast -- posted at: 7:50pm MDT

Beginning announcements: We’re live in iTunes! Share this link please! http://itunes.apple.com/us/podcast/radical-personal-finance-podcast/id896153632 I’ve set up an email list–please consider subscribing so you receive the full set of show notes every day. We email the entire post so you can decide if you want to listen or not! Thank you so much for the comments and show ideas! […]
Direct download: RPF-0015.mp3
Category:podcast -- posted at: 10:15am MDT

In today’s show, we tackle a Frequently Asked Question about whether I should wait to invest in stocks because of where the market is at. The Dow closed above 17,000 last week. Inevitably, here are the four articles you will see all week: Stocks have more room to run! Stocks are in a bubble and […]
Direct download: RPF-0014.mp3
Category:podcast -- posted at: 1:35pm MDT

In today’s show we dig deep into the forgotten history of retirement. Have you ever wondered how we wound up with the retirement system today? Have you ever wondered what political movements led to the creation of things like mandatory retirement and the Social Security system? Although I certainly can’t answer all the questions in one […]
Direct download: RPF-0013.mp3
Category:podcast -- posted at: 11:09am MDT

Today on the Radical Personal Finance Podcast, we deal with the elephant in the living room: Nobody ever retires! Especially those who can afford to! Billionaires don’t retire. Poor people can’t retire (even though they desperately want to sometimes). The Four Hour Workweek Man works about 10 hours a day. Mr. Early Retirement Extreme himself […]
Direct download: RPF-0012.mp3
Category:podcast -- posted at: 2:13pm MDT

Today’s show is an introduction to the Radical Personal Finance Podcast. We discuss: My background with financial planning and financial planning media. My frustrations with the financial press. My philosophy that very little is right or wrong in financial planning; perspective is important. Our goal to destroy financial planning dogma. A rational approach to financial […]
Direct download: RPF-0011.mp3
Category:podcast -- posted at: 3:44pm MDT

You are 100% responsible for your income–both creating an income source and for the actual level of your income.  In the US American context, you’re paid exactly what you’re worth in the marketplace.  So, to make more, you have to be worth more.  The bad news is that being worth more is difficult because it […]
Direct download: RPF_0010_-_You_Are_100_Percent_Responsible_For_Your_Income.mp3
Category:podcast -- posted at: 4:05am MDT

Today’s show topic is real estate and we’ll be discussing why your house is a terrible investment, how to do a proper rent vs. own calculation, and other wealth building topics with our special guest, James Collins. It’s certain to be challenging, controversial, and, I hope, appropriately radical. Please listen to the entire episode to understand […]

Today’s show is a conversation about the current status of the show, some of my mistakes and things I’m working on and it’s also a casual conversation about what’s really important.  We talk about the problems and solutions facing our consumer society and how we already know each and every one of the solutions to […]

Today, we have an in-depth conversation with Brandon, the Mad Fientist.  If all goes according to plan, Brandon should have enough money by the end of next year (2014) to never have to work again. He will be in his early 30s. Today’s show goes fairly deep into some of the technical strategies that Brandon is […]

Today’s show is an interview with Paula Pant, founder of Afford Anything. Paula is a journalist, globetrotter, entrepreneur, and investor who has traveled to nearly 30 countries before her 30th birthday. She owns six rental property units that passively put thousands in her pocket. Here’s Paula’s philosophy in her own words, pulled straight from her About […]

Today’s show gives you some questions to ask yourself when making some buying decisions and some tools to make more intelligent decisions. Resources for today’s show: When is it okay for you to spend a lot of money? When you want to because it satisfies something that’s important to you–it’s your money.  You earned it […]

Today’s show is a comprehensive guide that will give you an incredible foundation in how to save big money on your cell phone bills.  Our guest, I.P. Daley from www.techmeshugana.com shares his tips and techniques for how he has lowered all of his communications bills to <$70 per month. Resources for today’s show: Our guest […]

In this episode of the Radical Personal Finance Podcast, we dig into Jacob Lund Fisker’s seminal book “Early Retirement Extreme” for a book review and commentary. I love this book. I think it can serve as an overarching manual for designing your financial plan so that it funds your life.  It’s also one of the […]

Where do you start when thinking about financial planning?  You have to begin with the end in mind (as Stephen Covey would say): What do you really want?   Why do you want it?   And then, how are you going to achieve it? Every bit of your plan revolves around the answers to those […]
Direct download: RPF_0002_-_The_first_question_in_financial_planning...what_do_you_want.mp3
Category:podcast -- posted at: 1:31pm MDT

A brief introduction to the Radical Personal Finance Podcast, its purpose and goals, and an introduction to your host, Joshua Sheats.

Direct download: 01_RPF_0001_-_Welcome_to_the_Radical_Personal_Finance_Podcast.mp3
Category:podcast -- posted at: 5:30pm MDT