588-Credit Card Loans Can Provide a Way to Privately Purchase Goods and Services
One of the most under-appreciated aspects of credit cards is the significant privacy they can afford you. Listen to the show for details. Remember, please sign up for my new credit card course: www.radicalpersonalfinance.com/creditcardcourse Use coupon code "CREDITCARDTEN" to save $10 off the price. (Good until 10/15/18.) Thank you! Joshua
27 Sep 12:25
589-How to Manage Cash While You Pay Off Your Credit Cards
Credit Cards can be really useful. But contrary to popular opinion, they're not the most useful when you're broke. They're more useful when you have a little cash. Enjoy this excerpt from my new course "How to Borrow Money Safely and Never Pay Interest Using Credit Cards." And then go buy it here: www.radicalpersonalfinance.com/creditcardcourse Use "CREDITCARDTEN" to save $10. Until Monday only. Joshua
27 Sep 12:25
590-Who Should Never Have a Credit Card?
There are people who should never, ever, have a credit card. And of course they shouldn't buy my new course "How to Borrow Money Safely and Never Pay Interest Using Credit Cards." But, everyone else should buy it. Go here: www.radicalpersonalfinance.com/creditcardcourse Save $10 with promo code: CREDITCARDTEN Joshua
27 Sep 12:25
591-Friday Q&A (Credit Card Edition): New Cards, Refinancing Mortgages, and Credit Freezes
Today we tackle: How do I get new credit cards when I've already maxed out my limits? Should I refinance my mortgage over onto my credit cards so I can drop Private Mortgage Insurance? How should I handle a credit freeze on my accounts? Remember, go buy the credit card course this weekend. It's at www.radicalpersonalfinance.com/creditcardcourse and you can save $10 with promo code CREDITCARDTEN. Joshua
27 Sep 12:25
592-Widowed With 12 Children and No Life Insurance! One Woman's Story.
What do you think would happen to a mother of 12 who was widowed at a fairly young age and whose husband didn't have any life insurance? Could she survive? If so, how? Today, I want to share with you the story of a friend of mine who went through that precise circumstance. I hope you enjoy it! Joshua
27 Sep 12:24
593-Lifestyles of the Frugal and Obscure
The Lifestyles of the Rich and Famous might make good TV but it's the Lifestyles of the Frugal and Obscure that makes for wealthy people who keep their money. Joshua If you're interested in learning how to borrow money safely and never paying interest with credit cards, go buy my new course! www.radicalpersonalfinance.com/creditcardcourse
27 Sep 12:24
594-Friday Q&A: If I Have No Credit Score (Because I Haven't Borrowed in >25 Years) Should I Start Building It
It's Friday! That means it's Q&A time. Today we cover: If I have no credit (because I haven't borrowed money in >25 years) should I work on building my credit score? What has traveling like for Joshua and what are his plans for Radical Personal Finance. Joshua If you'd like to be on next week's Q&A call, sign up here: www.radicalpersonalfinance.com/patron
27 Sep 12:24
595-Credit Card Q&A: Getting Out of Debt, Paying off Student Loans, Using Cards for Business Inventory
I missed several of my students' questions on the previous credit card Q&A show. So today, I wrap them up. Enjoy! Joshua Buy the course here: www.radicalpersonalfinance.com/creditcardcourse
27 Sep 12:24
596-Building a Life Well Lived: "Observations on Turning 82"
Original article: https://www.charliedaniels.com/soap-box?b_id=4382&pg=1
27 Sep 12:24
597-Debt-Freedom Leads to Career Freedom to Become a Financial Adviser: Interview with Matt Miner from Design Independence
On this episode we welcome Matt Miner back to the show. Matt previously came on the show to discuss whether going back to graduate school is a good financial move. Since that interview, Matt left his corporate job and became a financial advisor! In this interview we explore two themes: How good financial planning and preparation enables a move to a better career fit. This is an important component of a progressive plan towards financial freedom. How a personal finance aficionado can make a move towards working as a financial advisor without sacrificing their integrity. Enjoy! Joshua Matt's first interview on RPF: https://radicalpersonalfinance.com/grad-school-to-increase-income/ Matt's PF blog: https://www.designindependence.com/ Matt's financial advisor site: https://www.plcwealth.com/
27 Sep 12:24
598-"I Quit, I Think" by John Taylor Gatto (1935-2018)
John Taylor Gatto has died. My voice has also died. So rather than leaving you bereft of new shows, I decided to share a few Gatto files to encourage you to invest your education dollars well. https://www.educationrevolution.org/blog/i-quit-i-think/ https://fee.org/articles/john-taylor-gatto-1935-1918-remembering-americas-most-courageous-teacher/ http://www.stopthecrime.net/docs/John%20Taylor%20Gatto.pdf
27 Sep 12:24
A Short Angry History of Modern Schooling by John Taylor Gatto
27 Sep 12:24
Underground History Lesson with John Tayor Gatto (1 of 2)
Audio taken from: https://youtu.be/uj8f7ycnUtU
27 Sep 12:24
Underground History Lesson with John Taylor Gatto (2 of 2)
Audio is pulled from: https://youtu.be/uj8f7ycnUtU
27 Sep 12:24
599-Appreciating Our Rich and Peaceful Lives in the Midst of Political Turmoil
As many U.S. Americans engage in vigorous political debate today and follow with their vote, I want to share a story with you that I hope will help you to appreciate the richness of political peace. Not everyone in the world has it as good as you and I have it. But, as we vigorously debate political issues, it's easy to miss the blessing of the underlying framework of peace and prosperity that we enjoy. Enjoy this personal story. Joshua
27 Sep 12:24
600-A Complete Answer to Whether You Should Pay off Debt or Invest
Here's the complete answer that you need to know if you should pay off debt or invest. Sign up for my Credit Card Course: How to Borrow Money Safely and Never Pay Interest Using Credit Cards www.radicalpersonalfinance.com/creditcardcourse
27 Sep 12:24
601-Asset Protection Planning for Mere Mortals - Part 1
I love the topic of asset protection planning. It's super interesting to me. But my observation is, like most topics, people involved in the business talk about what they can sell. The lawyers talk about corporations and trusts because they sell them. The insurance agents talk about life insurance and annuities because they sell them. Since I don't sell that stuff, I think about you and what I think can help you. And in today's show, I want to give you a simple starting place: think about your assets and think about the risk you're trying to protect them from. Then make your plans. Details in the show. Joshua Learn how to borrow money that's unsecured by any collateral. (This is good for you if you ever default.) Sign up for my course: www.radicalpersonalfinance.com/creditcardcourse
27 Sep 12:24
602-Asset Protection Planning for Mere Mortals - Part 2 - The Morality and Legality of Asset Protection
In this episode of the podcast we tackle these two questions: Is it legal to engage in asset protection planning? Is it moral to engage in asset protection planning? Short answer? Yes and yes. If that's enough for you, just skip listening to this episode. But if you'd like a bit more texture to the discussion, enjoy the podcast for a discussion of the legality and morality of asset protection planning. Joshua
27 Sep 12:24
603-Friday Q&A: Healthcare Sharing Ministries and Their Maximum Limits, Health Savings Accounts, and What To Do With An Inheritance When You're in Debt
It's Friday! That means live Q&A: Healthcare Sharing Ministries and Their Maximum Limits Health Savings Accounts and HCSMs What To Do With An Inheritance When You're in Debt Enjoy! Joshua
27 Sep 12:24
604-Asset Protection Planning for Mere Mortals - Part 3 - What Is The Problem We're Protecting Against?
27 Sep 12:24
605-Asset Protection Planning for Mere Mortals - Part 4 - Understanding the Litigation Process and Vectors of Financial Attack
605-Asset Protection Planning for Mere Mortals - Part 4 - Understanding the Litigation Process and Vectors of Financial Attack
27 Sep 12:24
606-Asset Protection Planning for Mere Mortals - Part 5 - Homestead Exemption Planning
27 Sep 12:24
607-The Only 3 Legitimate Reasons to Buy an RV (that I can come up with)
27 Sep 12:23
608-Asset Protection Planning for Mere Mortals - Part 6 - Retirement Account Exemption Planning
27 Sep 12:23
609-Asset Protection Planning for Mere Mortals - Part 7 - Life Insurance Exemption Planning
27 Sep 12:23
610-Friday Q&A: State Competition in Asset Protection Planning, Education, Financial Planning While Pregnant, Is Patreon a Good Funding Option, and More!
2:45 - If you move from one state to another, do you have to start all over with your asset protection plan? 15:30 - How frequently does a state change its laws that relate to asset protection planning? 21:30 - What is the interplay between Federal regulations and State regulations? 23:35 - Is a 403(b) protected the same as a 401(k)? 25:30 - How have Joshua’s views on education changed in the last four years? 36:30 - What specific inspirational resources would Joshua recommend on the topic of education? 43:20 - How do you set financial priorities when you’re expecting a baby? 51:15 - How do you plan when you have a highly fluctuating income? 1:00:15 - How do you balance having a stockpile of cash while looking at big personal lifestyle expenses? 1:04:35 - Is Patreon a good option to monetize your website? 1:24:00 - Should our company add a Health Savings Account or Christian Healthcare Sharing Ministry option to our health plan?
27 Sep 12:23
611-Q&A on Dollar Cost Averaging, Roth IRAs for children, Bitcoin as an Asset Protection Tool, Getting into the Financial Planning Industry
1:30-Should I dollar cost average into my Roth IRA or wait for a market downturn? 6:00-How can I get money to my child so they can make a Roth IRA contribution? 21:30-Can I do good asset protection by transferring all my money into a secret Bitcoin wallet that's kept completely offline? 34:00-Can I become a financial planner without pursuing it full-time?
27 Sep 12:23
612-Q&A: Pay Off Debt or Invest, 529 Plan Optimization, Financial Planning Fees, Tax Issues, College Planning
2:00 - Should we pay off our mortgage or invest? 9:50 - Should I put more money into one of my child's 529 plans in order to help them on their financial aid calculations? 18:30 - Should a retiree in her 60s pay 1.7% as a financial planning fee? 47:20 - How should we unravel the tax situation for a house that I live in but don't own? 1:13:00 - What college financial planning organization should I choose?
27 Sep 12:23
613-A Useful Question to Help You Get Better Advice from Experts
27 Sep 12:23
614-End-of-The-Year Encouragement
Just a few thoughts to encourage you as we shut down for the Christmas break. May you have an opportunity to be encouraged and to encourage another person who is close to you. Your voice matters. Love you, Joshua
27 Sep 12:23
615-How to Find an Excellent Wife: The Preparation
Today, I share my advice for young men on how they can find an excellent wife. In short, you must become an excellent man. That's the task. Here are some ideas on how. Joshua
27 Sep 12:23
616-If Missing One Paycheck is a Problem For You, You're Behaving Stupidly
Stop behaving stupidly with your money. NPR story: https://www.npr.org/2019/01/09/683519210/air-travelers-and-workers-may-feel-government-shutdown-effects SNL: Don't buy stuff you can't afford: https://youtu.be/Qb8hTzUoI54
27 Sep 12:23
617-Friday Q&A: Giving Money to Poor People, Contributing My Salary to my Wife's 401(k), Protecting Investment Accounts, Buying Term Life Insurance while FI, etc!
1:45 - How can I give nice gift to people who are poorer than I am without creating a power imbalance? 15:20 - Can I contribute my salary into a 401(k) plan for my wife in order to maximize our retirement account contributions? 28:05 - How can I protect my non-qualified investment accounts that are exposed to the claims of creditors? 44:30 - I don't "need" term life insurance because I'm financially independent. Should I still buy some? 51:00 - I'm following Dave Ramsey's baby steps and am almost out of debt; should I store up my emergency fund in a Roth IRA? 56:00 - I want to buy an investment that will pay for my new car instead of just burning all my cash on the car. How do I do that? (For the context of any time-relevant comments relating to current events, this Q&A was recorded on 12/19/2018.)
27 Sep 12:23
618-Reflections on the State of the USA From Two Travelers
Chris Moody and I have both spent the last 6 months traveling the width and breadth of the United States with an eye toward understanding the current moment. In this podcast, we discuss our findings. Life Opted Out www.instagram.com/lifeoptedout
27 Sep 12:23
619-Empathy and Personal Responsibility When Living Paycheck-to-Paycheck: Interview with the Cheap Bohemian
In Episode 616, I argued the point that if missing one paycheck is a problem for you, you're behaving stupidly. My guest on today's show took umbrage with my commentary on Twitter. So invited her on to discuss! Enjoy, Joshua Here's @CheapBohemian's Twitter thread: https://twitter.com/cheapbohemian/status/1084581032375001089
27 Sep 12:23
620-Friday Q&A: Financial Planning for Newlyweds, 401(k)s Without a Match, 529 vs. Roth IRA for College Education
1:25 - I just got married. What financial planning should I do now? 39:35 - My employer offers a 401(k) with no match. Should I participate? 55:35 - How can I save for my child's college education with a 529 plan or with a Roth IRA? For reference to any time-dated commentary, this show was recorded on 12/20/2018.
27 Sep 12:23
Out & About: Interview for "In The Rabbit Hole" Podcast
This is a recording of an interview I gave for "In The Rabbit Hole." ITRH: E272: The Truth About Money and Preparedness Originally published: November 12, 2018 https://www.intherabbithole.com/e272/
27 Sep 12:23
621-Friday Q&A: Investing in Distressed Mortgage Notes, CFA Credential, Roth 401(k) vs. Traditional, Privacy vs. Functionality
1:20 - How Can I Invest in Distressed Mortgage Notes Inside my Roth IRA? 8:05 - Should I Pursue a Chartered Financial Analyst Credential for My Own Investment Knowledge? 17:00 - Should I Contribute More Money to a Roth 401(k) than a Traditional 401(k)? 38:15 - How can I Balance Personal Privacy and Functionality in Building My Business? For reference to any time-dated commentary, this show was recorded on 12/21/2018.
27 Sep 12:23
622-Asset Protection Planning for Mere Mortals - Part 8 - Annuity Values and Annuity Payments Exemption Planning
In this episode of the Asset Protection Series, we do a deep-dive into annuities. Entry-level stuff at the beginning and some extra, hard-core bonuses at the end. Joshua
27 Sep 12:23
623-Friday Q&A: Life Insurance, Protecting Money in Brokerage Accounts, Optimizing Taxes while Living in Bermuda, etc.
2:00 - Life insurance advice for a recently married husband 6:15 - How can I make a back-door Roth contribution without being subject to the pro rata rule? 11:35 - How can I protect the money in my taxable brokerage accounts? 20:50 - How can I optimize my tax situation as an expat living in Bermuda? 47:20 - I live in China and am returning to the USA. What should I do with my money? 50:25 - How should I balance paying off debt with real estate investment? 1:03:05 - How can I invest for my 15-month old daughter?
27 Sep 12:23
624-The 5 Possible Future Scenarios (from Fantastic to Catastrophic) and How to Plan for Them
The future will be one of the following: 1. Same as now or better 2. Similar to a recession 3. Similar to a depression 4. Similar to mad max 5. Void of humans due to asteroid hitting earth or similar calamity
27 Sep 12:23
625-Friday Q&A: Maximizing Business Value for a Sale, Preparing for a Meeting with an Estate Attorney, and More!
1:00 - Should I roll my 401(k) over to my new job or into an IRA? 11:30 - How should I prepare for a meeting with an estate planning attorney? 17:55 - How should I decide to indulge myself with a luxury expense? 35:45 - Life insurance advice for a newlywed couple. 48:05 - How can I maximize the value of my business for sale?
27 Sep 12:23
626-Friday Q&A: Capitalism vs. Communism, Umbrella Liability Insurance, Buying a House While in Debt, etc.
1:45 - Is it moral to support the current capitalist system of economics? 32:20 - How can I figure out how much umbrella liability insurance to purchase? 39:00 - Does having a higher umbrella liability insurance policy make you the target of a lawsuit? 46:05 - I want to buy a house but I'm in the middle of paying off debt (on Dave Ramsey's Baby Steps plan). Should I pay off the debt first?
27 Sep 12:23
627-Asset Protection Planning for Mere Mortals - Part 9 - Health and Education Account Exemption Planning
Today, we continue the Asset Protection series with an in-depth look at health and education accounts. Specifically, we cover: Health Savings Accounts / Medical Savings Accounts Flexible Spending Accounts Health Reimbursement Arrangements Qualified Tuition Programs (529 Plans) Coverdell Educational Savings Accounts UTMA / UGMA accounts
27 Sep 12:23
628-Federal Debt: The Ticking Bomb that No One is Willing to Defuse
We face a massive problem in the United States right now. Put simply: We are borrowing more money than ever before. There's no plan for us to borrow less money in the future. There's [almost] no mathematically sound plan that can be created to have us borrow less money in the future. No major, national politician is loudly, consistently talking about how we can spend/borrow less money. Rather, there are loud, vigorous, and strengthening forces moving in the direction of borrowing even more money. The government has only three sources of funds: Taxation (bad for you if you earn money or have wealth) Borrowing (bad for you if you're a citizen, not an investor) Inflation (bad for you if you're a saver) There's enough evidence for honest, careful people to predict the strong probability of future crises. The problem is, we can't know when these crises will occur. But it's time to start preparing. Joshua "We've Never Had Deficits Like This During Peace and Prosperity Before" https://reason.com/blog/2018/10/17/budget-deficit-trillion-dollars-riedl New Course: "How to Survive and Thrive During the Coming Economic Collapse: A Rational, Modern Approach" https://www.radicalpersonalfinance.com/store
27 Sep 12:23
629-[In-Depth Version] Federal Debt: The Ticking Bomb that No One is Willing to Defuse
Yesterday, I released to you a discussion on the Federal Debt in the United States. That show should be your introduction to this problem. But in thinking about it, I felt like it was incomplete. I wanted to present some useful materials, in audio format, for listeners who don't have a firm background in the fundamentals of the problem. So I decided to go in-depth to try to lay out the problem very clearly. This show is deep and difficult. It holds quite a bit of my reading to you--but also some interesting commentary. If you're trying to understand the underlying, structural problems more clearly, listen to the show. If you prefer reading, start with these two links: "The federal deficit ballooned at start of new fiscal year, up 77 percent from a year before" - Washington Post https://www.washingtonpost.com/business/economy/the-federal-deficit-ballooned-at-start-of-new-fiscal-year-up-77-percent-from-a-year-before/2019/03/05/ff8d31f6-3f75-11e9-9361-301ffb5bd5e6_story.html A Comprehensive Federal Budget Plan to Avert a Debt Crisis https://www.manhattan-institute.org/html/report-comprehensive-federal-budget-plan-avert-debt-crisis-11497.html
27 Sep 12:23
630-Friday Q&A: Whole Life Insurance, Walmart for Do-Gooders-of-The-Year, Asset Allocation in Retirement, Paying off Mortgages & More!
1:20 Should I change my whole life insurance policy because my income is going down? 18:40 Why do you think Walmart has done more good for poor people than any non-profit organization? 30:00 How should I adjust my asset allocation now that I'm retiring? 42:40 Should I pay off my mortgage on my retirement house? 49:15 Where should I keep my medium-term savings? 52:00 How can I include real estate in my Permanent Portfolio? 58:00 How can I invest in the people in my community? 1:05:00 Can I use a private foundation for my wealth planning?
27 Sep 12:23
631-Individual Solutions Can Lead to Success and Happiness; Collective Solutions Lead to Frustration and Misery
As I recently finished my course on "How to Survive and Thrive During the Coming Economic Crisis," I was struck with how simple and feasible the individual solutions are, while how utterly impossible and difficult the collective solutions are. Choose success and happiness by focusing on the individual solutions you can put in place in your own life. Joshua p.s., If you haven't yet, go check out my newest course!
27 Sep 12:23
632-Asset Protection Planning for Mere Mortals - Part 10 - Personal Property Exemption Planning
Today, we continue our Asset Protection Planning series with a deep look at the Personal Property Exemptions. I've never heard asset protection planners give much attention to the Personal Property Exemptions. But that's understandable to me. When dealing with the mega-wealthy, it's hard to see how the Personal Property Exemptions make any difference in terms of financial planning. But, for a "mere mortal," I think there's a really good argument that the personal property exemptions can be really important. Tune in to the show to hear why! Joshua Check out my newest course! www.radicalpersonalfinance.com/store
27 Sep 12:23
633-The Case for Moving to a No-Income-Tax State
One of the most effective things you can do when trying to figure out how to build wealth is to find ways to save big money. Fast. And since Americans collectively spend more on taxes than housing, food, and clothing—combined—you should start by trying to save money on taxes. Today, I give you my case for why you should consider moving to a No-Income-Tax state. Enjoy! Joshua
27 Sep 12:22
634-The Case for Moving Outside of the United States
Today, I'll teach you how a 25-year-old $100,000-earner could increase their estate by $90,000,000 by simply moving outside of the United States. Enjoy! Joshua
27 Sep 12:22
635-Friday Q&A: Moving From NY to FL to Cut Taxes, Life Insurance at Work, Investment Philosophy, 529 Plans
On Fridays we do Q&A! Today: 1:20 How can I effectively move from New York to Florida in order to end my tax residency? 17:20 What should I do with the life insurance I'm offered at work? 23:00 How do you advise someone to develop an overarching investment philosophy? 48:05 Should I put money into a 529 plan for my not-yet-conceived children? If you'd like to join me next week, go here: www.patreon.com/radicalpersonalfinance Joshua
27 Sep 12:22
636-The Case for Moving to Puerto Rico
If you're a US citizen who earns $500,000 or more, who is not willing to renounce your US citizenship, and who is involved in business and investing, you should seriously consider moving to Puerto Rico. Joshua
27 Sep 12:22
637-How to Find an Excellent Wife: The Decision
One of the most fundamental decisions you can make in life is to marry or not to marry. If you marry, your life, your budget, and your career will look dramatically different than a peer who remains unmarried. Marriage can be one of the biggest blessings to your life, resulting in greater happiness, better health, a higher income, and more wealth. Marriage can also be one of the greatest curses you can experience and it can devastate your emotional state, your physical health, your career, and your wealth. So, you need to choose wisely. In Part 1 of this series, I discussed various ways that you can prepare yourself to be attractive to an excellent wife. In today's show, I do my best to give you an honest assessment of the risks involved so you can choose whether you desire to marry or to remain unmarried. I hope it's thought-provoking. Joshua Part 1 of this series: How to Find an Excellent Wife: The Preparation
27 Sep 12:22
638-Asset Protection Planning for Mere Mortals - Part 11 - Wage Exemption Planning
Wages provide you with the financial fuel you need to build wealth. So it absolutely stinks when those wages are sucked up by your creditors in wage garnishments. So how can you protect your wages and keep them for yourself? That's what we discuss today! Joshua Listen to Episode 503: "How to Fight Nasty with Your Creditors and Win"
27 Sep 12:22
639-Friday Q&A: International Healthcare, Avoiding Wealth Taxes, Etc.
It's Friday! Today we discuss: International healthcare options Avoiding wealth taxes Second passports for children And more! Joshua
27 Sep 12:22
640-The Accidental Millionaire (And What You Can Learn From His Example)
Today, I tell you the story of the Accidental Millionaire and a few lessons for both of us. Enjoy! Joshua
27 Sep 12:22
641-$1,500 a Month On Non-Essentials? Society Discusses
Here's the link: https://mobile.twitter.com/USATODAY/status/1125891810595954688 Read the conversation and form your own opinions. Joshua
27 Sep 12:22
642-Friday Q&A: How to Contribute to an IRA When You're Taking the Foreign Earned Income Exclusion, How Should You Think About FIREing Yourself From A Big-Money Job
It's Friday! Today, we discuss: Taking the Foreign Earned Income Exclusion How Should You Think About FIREing Yourself From A Big-Money Job Joshua
27 Sep 12:22
643-Should I Fix My Broken Car or Replace It?
A listener has a car with a blown transmission and is trying to decide whether to repair it or replace it. Here's my advice! Joshua
27 Sep 12:22
644-Who Do You Want to Remember You and What Do You Want to Be Remembered For?
This is one of the most important questions you can think about. And don't be scared to change your answers as you learn and grow. Joshua
27 Sep 12:22
645-The Power of Choosing Not to Retire
In today's show, I'm going to teach you how an average guy can build a $165,000,000 estate by choosing not to retire. And I'll tell you a bunch of reasons why that would be great for you to plan for (even though you're simultaneously working towards financial independence in 10 years or less). Enjoy! Joshua
27 Sep 12:22
646-How to Travel the World On The Cheap
When I ask people about their goals, about 80% of people tell me they want to travel when they retire. And yet, very few people actually follow through and travel! Why? Of course there could be many reasons. But if the cost of traveling is keeping you at home, I want to help you. In today's show, I'll share with you some ideas and strategies to travel the world on the cheap. Enjoy! Joshua Inspirational video of couple who traveled for 2 years and spent about $14,000. Total. https://youtu.be/8A1f_rYT4TI Airfare tool: https://kayak.com/explore Airfare tool: https://matrix.itasoftware.com/
27 Sep 12:22
647-Asset Protection Planning for Mere Mortals - Part 12 - Intelligent Asset Titling
If you care about asset protection planning, there's hardly any reason for you to own an asset in your own name. So, you'll have to get used to titling asset in slightly different ways. Today, I teach you why and how. Joshua
27 Sep 12:22
648-Friday Q&A: Sell Crypto to Pay Debt, Adjust Investments for Economic Uncertainty, Adjusting Finances for Divorce, Birth Tourism, Living Abroad, Etc.
Friday Q&A today! 1:54 Should I sell my cryptocurrency to pay off my IRS debt? 10:30 How should I readjust my investments to plan for future economic uncertainty? 26:09 How should I think through my finances in the midst of possible divorce? 59:46 What do I need to do with my US-based investments while I move to Spain? 1:08:00 My wife and I are having a baby and are interested in birth tourism. How should we analyze the possibilities? Enjoy! Joshua Join me for next week's Q&A! http://patreon.com/radicalpersonalfinance
27 Sep 12:22
649-Friday Q&A: Fiscal Future of the USA, Financial Coaching, International Living, Dividend Investing, Morality of Investing, Quitting my Job, etc.
1:30 What is the fiscal future of the USA in light of the Democratic candidates' debate this week? 19:12 How could I do financial coaching for the not-yet-wealthy? 35:20 What are the benefits of international living? 41:15 Should I be a dividend investor or index fund investor? And how can I simultaneously be a moral investor? 1:15:45 Should I quit my job because I can? 1:33:30 How could I invest differently than just real estate and mutual funds?
27 Sep 12:22
650-The Case for Pop-Up Campers
I think a pop up tent camper is an ideal compromise for family vacation travel. In this show, I tell you why. Joshua
27 Sep 12:22
651-Can You Invest Better Than a Hedge Fund Manager?
In order to build wealth over your lifetime you need to #InvestWisely. But, how? How do you do it? What should you invest in? Today, we discuss that question with an active hedge fund manager named John Medford. He and his team manage a large fund with an impressive record. And, in this episode, we discuss why you probably shouldn't bother to try competing with him. Joshua
27 Sep 12:22
652-Cost of Living vs. Quality of Life (with an international flair)
How do you balance the Costs of Living with your Quality of Life when you're thinking about moving out of your home country? Let's discuss! Joshua
27 Sep 12:22
653-How Tax Rule Changes Can Sink Your Financial Plan (Discussion of H.R. 1994: the SECURE act)
There is an important piece of legislation that has passed the House of Representatives and is being considered in the Senate. It's technically known as H.R. 1994 "Setting Every Community Up for Retirement Enhancement Act of 2019." It has some changes that are potentially helpful to you; and some that may destroy the value of your qualified accounts. Joshua
27 Sep 12:22
654-A New, Legal Tax Scheme to Help You Save Capital Gains: Qualified Opportunity Zones
Today we discuss Qualified Opportunity Zones, a legitimately new way for you to potentially save on capital gains taxes. Joshua Map of designated opportunity zones:https://esrimedia.maps.arcgis.com/apps/View/index.html?appid=77f3cad12b6c4bffb816332544f04542
27 Sep 12:22
655-Friday Q&A: Protecting a Non-Working Spouse, Cash Savings, Wealth Accumulation vs. Living, etc.
It's Friday! That means live Q&A. Enjoy! Joshua
27 Sep 12:22
656-Twelve Interesting Ways to Invest In Your Children
Ask your average financial advisor how to invest for your children's future and he'll likely start pulling out brochures for a 529 plan. B-O-O-O-O-R-I-N-G!!! Is there anything wrong with a 529 plan? No. But is that really the most effective use of your money? Only if you don't have any better ideas. So let me give you some to ponder! Here are 12 Much More Interesting™️ Ways to Invest In Your Children! Joshua P.S. Go here and buy something so I can do this stuff for my children! https://radicalpersonalfinance.com/store
27 Sep 12:21
657-Mental Money Games to Change Your Behavior for the Better
A key to life change is behavior modification. And mental money games can help you get there. Joshua
27 Sep 12:21
658-The Natural Symbiosis Between Prepping and Financial Planning
There is a natural symbiosis between prepping and mainstream financial planning. Here's why. Joshua
27 Sep 12:21
659-How My Ideas and Philosophies on Education Have Changed Over the Years
I've talked a lot about education over the years...in this episode I'll tell you what we're doing with our children and talk about some philosophies that have been influential on me. And I'll tell you what I got wrong in the past. Joshua
27 Sep 12:21
660-Back to Basics: The Problem With Debt
I want you to understand the basic problem with debt so that you'll be prepared to avoid it. Joshua
27 Sep 12:21
661-Back to Basics: The Power of Cash
I want you to use more cash so you can get richer, faster. Joshua
27 Sep 12:21
662-Why is Joshua So Anti-Tax?
A listener wrote in and essentially asked, "Why is Joshua so anti-tax?" So, I thought I'd give that question a crack for you. Joshua
27 Sep 12:21
663-Should Christians Participate in Tax Strikes and Tax Protest Movements?
We live in interesting times. It seems that most of us could list off several things that our government does with our tax money that we find offensive. But how should Christians deal with the morality of having their tax money used to support immoral activity? Should Christians participate in tax strikes and tax protests? Joshua
27 Sep 12:21
664-Can You Become Financially Independent If You Have Children?
It seems like many of the prominent voices in the FIRE movement are single individuals or childless couples. But many of us have children or want to have children. Does that mean that we will fail in our attempts to become Financially Independent? Are you doomed to choose between FIRE or children? Today, I'll give you my answers. (Spoiler: you can FIRE and have children too!) Joshua
27 Sep 12:21
Meetup in Washington DC, September 3
I'd like to invite you to meet up with me on Tuesday, September 3 in Washington, DC, USA. If you'd like to connect, please email me and I'll give you all the details. Email me: joshua at radical personal finance dot com. Joshua
27 Sep 12:21
665-Friday Q&A: YNAB, Privacy, Inheritances, & Prepping
1:30 How does Joshua use YNAB on a daily basis? 17:30 How has the pursuit of privacy cost you? 30:30 Should I have kept my inherited property as separate property instead of community property? 43:00 How can I get started prepping?
27 Sep 12:21
666-How to Prepare for the Coming Recession
It's official: the Yield Curve on US Debt is inverted. That's a pretty good indicator that recession is in our future. So, today I want to tell you how to prepare for the coming recession. Enjoy! And do. Joshua
27 Sep 12:21
REPLAY 192-Recession is Coming: How to Not Get Laid Off In the Next Recession
Originally released May 13, 2015. And just as important today. ------------------------------------------- For most of us, our jobs are the economic engine that drive every aspect of our financial plan. One of the worst things that can happen is to lose a job. If the engine on your car dies, you're going to be stuck by the side of the road for a while. That's not pleasant for anyone, even if you're stuck in a safe area. But, if you're driving up a mountain (paying off debt and digging yourself out of a hole), having your engine die can be disastrous. And, if you have a destination in mind (financial independence), losing the engine in your car will at least delay you from reaching your destination. So, the key is plan in advance to not lose the engine. Make sure you're doing the things you need to be doing now to avoid being laid off. Obviously, you can't guarantee that you'll never be laid off, but you can do a lot to improve your possibilities! On today's show, we cover: The need to proactively improve your position within your company, your company's position within the industry, and your industry's overall prospects in advance. Some ways to know if you've got a big target on your back or a small target on your back with the HR people are figuring out who to cut. The importance of competing with your fellow employees and of collaborating and cooperating with them and why both are valuable. Ways to stand out and produce up to 4x the output of your fellow employees. Enjoy the show! Joshua Business Insider: 13 Things Everyone Does At Work That They Don't Want Bosses To Know About Federal Reserve: Average Annual Hours Worked by Persons Engaged for United States
27 Sep 12:21
REPLAY 193-Make a Backup Plan In Case You Get Laid Off In The Coming Recession: Simple Action Steps For You To Consider
Yesterday, we talked about ways to avoid losing your job in the coming recession. But obviously there are factors beyond your control which might result in your being laid off, even though you've done everything "right." So, you need a backup plan. Don't wait and wonder what you'll do. Make a simple plan now for what you'll do. Think about some different scenarios and play some mental games with yourself. That way, you'll be able to better respond to events instead of being shell-shocked by them. Today's show covers: The importance of planning to avoid emotional stress when you get laid off. The direct impact of losing your income and how to plan for it. The impact that losing your group benefits can have on your financial life. Why you should consider establishing lines of credit before you need them. How you can stockpile both money and the simple necessities of life. The simple things you can do that will make it much easier to get your next job. The importance of proactively building and maintaining a network. How thinking like a consultant will help you now and help you later. Enjoy! Joshua The Queen of Versailles Living On Our Food Storage: One Family's Experience Of Living Without Income For A Year
27 Sep 12:21
REPLAY 194-You Just Got Laid Off. Here's What To Do Next!
Today, we finish out the 3-part series on preparing for layoffs in the coming recession. Today's show will be useful to you, even if you just got notice of your layoff and didn't do anything to prepare for it beforehand. The major theme of today's show is that you need to take appropriate action with appropriate speed. If you're stuck with little savings and no preparation, that means take massive action, now! If you've planned a bit better in advance, it means be strategic and thoughtful. We discuss: The impact of self-confidence on your job hunt. The importance of having work now and not being unemployed for a long time. How to take massive action on your job hunt for quicker results. What types of approaches are most successful for job hunters. Some radical strategies you can plan for that will enable you to simply wait out and enjoy the recession instead of being stressed by it! Enjoy! Joshua Many If Not Most Employers Hunt for Job-Hunters in the Exact Opposite Way from How Most Job-Hunters Hunt for Them http://www.jobhuntersbible.com/jobs/view/what-to-beware-of-in-searching-for-job-vacan-2
27 Sep 12:21
667-How To Build a Great Life When Everybody Hates You
In today's show, I have a special story for you of how my friend Anatole built a great life for himself, even though everyone hated him. Enjoy! Joshua
27 Sep 12:21
668-An Immigrant Success Story: Broke to Financially Independent in 12 Years
My guest on today's show moved from India to the USA as a young man. Starting with no money, he became financially independent in about 12 years. In today's interview we dig into the strategies and tactics that worked for him. Enjoy! Joshua John's website: www.FinancialFreedomCountdown.com
27 Sep 12:21
669-Friday Q&A: Seminar, Healthcare Risk, Moving States, Parents' Retirement, Etc.
1:00 Would you like to come to a 3-day seminar with fellow listeners? 10:11 How can I prepare for healthcare risk? 24:50 How do I calculate the financial costs/benefits of moving states? 35:30 How do I help my parents who don’t have much money build a retirement plan? 53:05 How can I market my physical product? 1:06:45 Should I use whole life insurance as the cash component of my permanent portfolio? 1:30:10 Should I put my life insurance policies into a trust? 1:47:10 How do I balance prepping and minimalism?
27 Sep 12:21
670-Building a Big Business With 7 Young Children in the House! Interview with Tim Schmoyer of VideoCreators
Can you imagine starting a business when you've been laid off from a job and you have many young children in the house? My guest today, Tim Schmoyer, has done just that. And he has prospered through the process. Joshua
27 Sep 12:21
671-Ideas to Help You Build Social Capital and Political Influence
If you were discharged from the military for cocaine use, would you be able to seamlessly move into a $600,000/year job? If not, you should consider building your influence a bit more! In today's show I'll give you some ideas to help you develop this influence. Joshua Networking With the Affluent by Thomas Stanley
27 Sep 12:21
672-Create The Reality You Will Live In
Listen to the show. Joshua
27 Sep 12:21
673-How To Read A Book
Reading can provide you with all of the knowledge you need to crush some very large goals in a very short time. But you need to know how to read effectively. Today, I teach you how. Joshua Get my recommended reading list here: http://RadicalBookList.com
27 Sep 12:21
REPLAY: 575-How & Why I Scanned My Entire Library So I Can Carry It With Me On The Road
In light of the previous show, I've received many questions about scanning all my books. Here's a replay of the show where I explain what I've done and why. Joshua
27 Sep 12:21
674-Friday Q&A: Sabbaticals, Home-Schooling, Modern Portfolio Theory
On today's Friday Q&A, we cover: 1:45 The value of a sabbatical 17:45 Homeschooling vs. private schools 46:30 Modern Portfolio Theory Enjoy! Joshua If you'd like my recommended reading list for financial freedom, go to http://RadicalBookList.com
27 Sep 12:20
675-Friday Q&A: Buying a Business, Minority Shareholder, Gifting a Rental, Refinancing Mortgage, Etc.
Today, we do Friday Q&A: 00:00 Should I quit my job while I look for a business to buy or wait until I find one? 13:00 How should I go about becoming a minority partner in a business? 26:28 What is the best way for my dad to give me a rental property he doesn't want anymore? 41:00 Should I refinance from a 15-year mortgage to a 30-year mortgage? (And how can I progress in my career?) 1:00:17 Should I sell my stocks in anticipation of a market decline? Enjoy! Joshua Join me on next week's Q&A! http://patreon.com/radicalpersonalfinance
27 Sep 12:20
676-Medical Tourism: Real-Life Experiences From Myles Wakeham of Be Unconstrained
Today's guest recently had extensive shoulder surgery done and he saved thousands by choosing to have the surgery in Mexico rather than the USA. We discuss the details of his experience as well as his personal financial independence success story. Enjoy! Joshua
27 Sep 12:20
677-Don’t Just Stand There Researching...Try It!
27 Sep 12:20
678-Live Rich Now By Cultivating Gratitude For Your Trials
Don't be so future-focused that you miss the lessons and joy of today's trials. Joshua
27 Sep 12:20
50% off sale on courses/consulting this weekend only!
I'm hosting a 50% off sale on all my courses this weekend only. Use coupon code "CYBER50" at www.RadicalPersonalFinance.com/store before midnight Monday. I'm also offering a 30% discount on private consulting work booked by Monday. Email me at Joshua@RadicalPersonalFinance.com before midnight Monday to book a consulting call. Enjoy the savings! Joshua
27 Sep 12:20
679-Fifty Pounds and Counting: Encouragement For You From My Own Weight Loss Journey
Over the last 5 months or so I've lost over 50 pounds of fat. This fat loss has significantly improved the rich quality of my life. I'd like to share a few words of experience and encouragement with you to help you on your own fat loss journey. Joshua P.S. Remember, code "CYBER50" saves you 50% off all my courses through Monday at www.RadicalPersonalFinance.com/store
27 Sep 12:20
680-Ketogenic Eating for Good Health and Rapid Fat Loss with Jack Spirko, Host of The Survival Podcast
On today's show we veer away from financial independence and into living well today with a discussion of the Ketogenic diet. I've invited Jack Spirko, host of The Survival Podcast on today's show to discuss his recent weight loss journey. He has lost a significant amount of body fat in a short period of time and together we share ideas, tips, and experiences to help you achieve fat loss as well. Enjoy! Joshua Jack recommends the "Keto Diet App" for tracking macros. What about fiber? www.gutsense.org Jack's Low Carb Journey: https://www.youtube.com/playlist?list=PLpHUZsnFSzdIEublkmBRRpdLCqKS0axin Jack likes these YouTube Channels: Thomas DeLauer https://www.youtube.com/user/TheTdelauer/featured Dr. Ken Berry https://www.youtube.com/user/KenDBerry Keto Connect https://www.youtube.com/channel/UCzRYivTpUQ0r2qPPjfLoQiA
27 Sep 12:20
681-How To Set Financial Goals, Part 1: Dream and Count the Cost of Your Dreams
A new decade is dawning and my hope is that this decade be the best one yet! But if you're going to tackle this decade proactively, you'll need to begin by dreaming a bit about what you'd like to accomplish this coming decade. Let's get started, Joshua REMEMBER: save 50% on all my courses until midnight tonight using code CYBER50 at www.RadicalPersonalFinance.com/store
27 Sep 12:20
682-How to Set Financial Goals, Part 2: Why & How
Dig deep—really deep—into the "Why" behind your financial goals. Joshua
27 Sep 12:20
683-Friday Q&A: Career Skills, Buying a House, 401(k) Safety, Investing Locally, 1% Fees, etc.
It's a live Q&A show today! We cover: 1:30 - How can I build career confidence and skills when I don't have much time? 30:15 - I just got married; what is good advice for buying a house? 41:35 - How can I make sure that my 401(k) money is safe in case of recession? 54:15 - How can I invest into my local community? 1:12:45 - Should investors pay 1% to hire a financial advisor?
27 Sep 12:20
684-How to Set Financial Goals, Part 3: Count the Cost
When you set a goal, you've got to count the cost; the financial cost and the opportunity cost. Counting the cost may be enough to show you the path forward. Joshua
27 Sep 12:20
685-Friday Q&A: Business Liability Insurance, Life Insurance for Fat People, Short-Term Savings, Dividend Investors
It's Friday! Time for Q&A: 3:40 Do I need liability insurance for my business? 35:45 How can I get good life insurance rates if I'm fat? 1:20:25 What should I do for $300,000 of cash I'm saving for a business investment very shortly? 1:22:30 Why are "high finance" people so dismissive of people who like dividend investing? Joshua Join me for next week's call by supporting the show on Patreon. www.patreon.com/radicalpersonalfinance
27 Sep 12:20
686-How to Set Financial Goals, Part 4: Set Goals You Don't Know How to Achieve
Set goals that you don't know how to achieve. Joshua www.RadicalBookList.com
27 Sep 12:20
687-The Decade Past; The Decade To Come
Today I reflect on some of the successes and failures of the decade past and share some of my ambitions for the decade to come. Joshua
27 Sep 12:20
688-Seven Rings of Freedom: Spiritual Liberty
I want you to experience a lifestyle of freedom and liberty, in every sense of the word. So today we begin a new series called "Seven Rings of Freedom." Achieving financial independence will make you more free. But there are a bunch of things that you can do along the way that will greatly increase your freedom. Today, we discuss Spiritual Liberty. If you are personally, spiritually free, you can enjoy peace and joy and contentment in your situation, no matter what the details of your situation are. You can be a human slave and be completely free, if you possess spiritual freedom. For that reason, we begin our series with Spiritual Liberty and a discussion of why Christianity is the superior path to Spiritual Liberty. Joshua
27 Sep 12:20
689-The Missionary Position
Today I have an interesting essay to share with you. Have you ever thought of The Missionary Position as a path to a life of global freedom? :) Enjoy, Joshua
27 Sep 12:20
690-Seven Rings of Freedom: Spousal Liberty
In this series, I aim to give you some ideas that have helped me to develop an extremely free lifestyle, even though I'm not yet financially independent. Today, I'm going to share with you one of the single greatest assets that I enjoy in my quest for personal freedom: a stay-at-home wife. This lifestyle choice is one of the things that has most meaningfully contributed to the joy and freedom that my family experiences. It's also helped us massively financially. Consider it for yourself! Joshua
27 Sep 12:20
691-Financial Goals for You To Set: Get a Better Job
You should set a goal of getting a better job. Here's why! Joshua
27 Sep 12:20
692-Seven Rings of Freedom: Family Liberty
I want you to live as a free man. So in this series, I'm working to give you some ideas as to how you can achieve a very high level of freedom while you're on your way to financial independence. Today, I'm going to share with you the dramatic impact that home education can make on your family's personal liberty. Joshua
27 Sep 12:20
693-Fat Loss & Money: 70 Pounds and Counting
In today's show I share with you some fat loss and money lessons learned from my 70 pounds of weight loss over the last 6 months. I hope you'll find some nuggets to help you get skinny and rich as well. Joshua
27 Sep 12:20
694-Friday Q&A: Should We Quit Our High-Income Career to Be Home With The Kids?
To join next week's Q&A call, go to www.patreon.com/radicalpersonalfinance Joshua
27 Sep 12:20
695-How to Prepare for a Flu/Coronavirus Quarantine
I'm fascinated by the reports and videos coming out of Wuhan, China. I've never before seen a city of 11 million people shut down for a quarantine. I don't think it's every been done before! But it's amazing to watch. Today, I want you to think about what would happen to you and your family if you were quarantined for an extended time. If I sent you home and said you and your family had to stay there for the next 30 days, could you do it? Would you survive? Would you be comfortable? If not, you're behaving irresponsibly. And you need to prepare for such a thing. To start, you probably need to buy some food. In this show I give you some practical foods to start with. Enjoy, Joshua P.S. Sign up for my live webinar series on Practical Family Preparedness: www.RadicalPreparedness.com
27 Sep 12:20
Live Practical Preparedness Class Starting February 3
Join me for a live set of classes on Practical Preparedness. Classes begin February 3. Sign up here: http://radicalpreparedness.com More details in the show, Joshua
27 Sep 12:20
696-Seven Rings of Freedom: Spending Liberty (Part 1 of 2)
Today we talk about the incredible liberty that you can enjoy in your life when you make the commitment to get and stay debt-free! Enjoy, Joshua
27 Sep 12:20
697-Seven Rings of Freedom: Spending Liberty (Part 2 of 2)
In this episode, part 2 of our "Spending Liberty" focus, we discuss the value of savings and how relatively small amounts of savings can buy you personal freedom! Joshua
27 Sep 12:20
698-Seven Rings of Freedom: Business Liberty
I'm convinced entrepreneurship provides you with a massive level of personal and lifestyle freedom. Here's why. Joshua
27 Sep 12:19
699-Seven Rings of Freedom: State Liberty
How do you live freely in a world of increasing government oppression? Is it possible to escape onerous government involvement in your life? Here's my answer! Joshua
27 Sep 12:19
700-Friday Q&A: Should I Break My Lease and Live in My Prius?
It's Friday! That means a live call-in show for Patrons. Sign up here: http://patreon.com/radicalpersonalfinance Today, we cover: I just left my job. Should I break my lease and live in my Prius? Enjoy! Joshua
27 Sep 12:19
701-Seven Rings of Liberty: Financial Liberty
Today, we reach the seventh, capstone Ring of Freedom: Financial Liberty. When you are Financially Independent (able to live your desired lifestyle on the income from your investments), you have reached a genuinely huge level of personal freedom. Joshua www.RadicalPreparedness.com
27 Sep 12:19
702-Why You Should Take the Coronavirus Seriously and Prepare
It's been a month since I first spoke to you about the Coronavirus, now called COVID19. In today's episode, I double-down and share with you my concern and how I think you should prepare for the potential economic ramifications of global pandemic. Joshua Join my prepping class tonight! www.RadicalPreparedness.com Understanding Just-In-Time inventory systems: Episode 581 How to Prepare for Recession: Episode 666 CDC: "Interim Guidance for Businesses and Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19), February 2020"
27 Sep 12:19
703-On-the-Ground Insights to Prepare for a Venezuela-Style Economic Collapse
The most important economic collapse ongoing in the world right now is Venezuela. Today, I bring you an interview with a friend of mine who is actively working inside Venezuela to bring relief. He's here to share with you his experiences of what things are actually like inside Venezuela. Joshua
27 Sep 12:19
704-Friday Q&A: Master's Degree, Changing Income, Cancel Whole Life Insurance, Pay Off Mortgage Early, etc.
It's Friday! Today we do live Q&A: 2:00 How should I support my girlfriend's desire to get a Master's degree in international development? 10:29 How should we make an investment plan for lowering our household income due to changing family circumstances? 16:55 Should I cancel my daughter's whole life insurance policy and do something else with the money? 38:40 Should I keep my mortgage and plan to pay it off with my stock market investments so I can retire early?
27 Sep 12:19
705-Friday Q&A: Upgrading Lifestyle, Public Speaking Course, MPT, Antibiotics, 401(k)s, Multiple Citizenships, LTC Insurance, Asset Protection for Real Estate, ISOs
Friday Q&A show: 1:35 I'm 25 years old and ready to upgrade my lifestyle. Can I and still get rich? 14:30 Should I pay the big money for a Dale Carnegie course instead of Toastmasters? 22:10 Is it possible to be a financial advisor when you don't like Modern Portfolio Theory? 32:15 Should I stock up on fish antibiotics for an emergency? 37:15 Should I stop investing in a 401(k) if I don't trust the government promises? 53:11 My "dream job" is turning not to be so dreamy. Should I quit or stick with it? 1:12:50 What citizenships should I establish for my children so they have a brighter economic future? 1:44:41 Should I buy Long-Term Care insurance for myself at age 34? 1:54:42 How should I do asset protection for my real estate portfolio? 2:01:52 When should I exercise my Incentive Stock Options?
27 Sep 12:19
Louisville Meetup on Tuesday, March 10
I'm hosting a public meetup for RPF listeners in Louisville, KY on Tuesday, March 10 (evening). If you'd like to come, email me for details: joshua@radicalpersonalfinance.com Joshua
27 Sep 12:19
706-Current Events: Coronavirus, Recession, Stock Market, and Risk Management
Current events show today. Let's discuss: COVID-19 Economic prognostication Stocks Risk Management Enjoy! Joshua
27 Sep 12:19
707-Thoughts on COVID-19 Events du Jour
Quick interim show to share a few of my thoughts on the emerging COVID-19 events. Fascinating study in human psychology going on now. Pay attention! Coronavirus: Why You Must Act Now https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca The Korean clusters: How coronavirus cases exploded in South Korean churches and hospitals https://graphics.reuters.com/CHINA-HEALTH-SOUTHKOREA-CLUSTERS/0100B5G33SB/index.html
27 Sep 12:19
708-Warning: Don't Let My Optimism Lead to Your Inaction (Coronavirus)
I woke up this morning and felt like I've been overly optimistic in my tone recently. I genuinely feel optimistic, but that's not because I don't think the situation is very dire. It is. In today's show, I try to share with you why I feel optimistic but I seek to give you a stern warning not to let my optimism lead to your inaction. Joshua
27 Sep 12:19
709-Friday Q&A: Rentals, Down Payments, Refinancing, Career Transition, Quitting Job Right Now, Tax Loss Harvesting, EU Citizenship, 401(k) Loans, Nomad Living, Prepping and Keto Diets, Etc.
It's Friday! Time for Q&A. In today's show we cover: 1:30 - How should I prepare for buying rental real estate in 2 years? 10:40 - Should I contribute to retirement savings while saving a down payment? 13:15 - Should I use a Roth IRA to accumulate a down payment? 18:00 - If I refinance my mortgage to get lower rates, what should I do with the money? 26:15 - How can I make the transition from a lucrative career to a side hustle? 45:45 - Should I quit my job right now, given the recent changes in the economy? 51:15 - Can I do tax loss harvesting with two index funds? 54:05 - My wife is a French citizen. Should I also pursue French citizenship? 1:01:00 - How do I know when it is time to buy a stock? 1:03:10 - Should I take a 401(k) loan to set aside for potential opportunities? 1:14:30 - How can I become freer and richer by setting up a nomad lifestyle? 1:47:20 - How can I prep and build food storage while maintaining a Ketogenic diet? Enjoy! Joshua Buy my courses: https://radicalpersonalfinance.com/store Get my prepping class: https://radicalpreparedness.com Sign up as a Patron so you can be on next week's call-in show: https://patreon.com/radicalpersonalfinance
27 Sep 12:19
710-Where Do We Go From Here? (COVID19)
Perhaps, like me, you're having a hard time getting your brain to accept what you're seeing around you and on the news and you're trying to figure out what's going on. In working through this problem, I decided to chart out my Best-Case Scenario and my Worst-Case Scenario for both the medical problem of the COVID-19 pandemic and the economic outlook. I figured I might as well turn the microphone on and let you listen in. I hope it's useful. Joshua
27 Sep 12:19
711-Understanding the Rough Economic, Fiscal, & Monetary Waters Ahead
27 Sep 12:19
712-Don't Fight the Seas, Simply Change Your Goals Instead
Your goals can be changed in an instant; the seas cannot. It's easier to simply change your goals than the seas ahead. Joshua
27 Sep 12:19
713-Friday Q&A (Please Listen! SERIOUS Financial Concerns Discussed & Analyzed)
It's Friday! We have a Q&A show today. But please listen. My economic concern continues to grow and I want you to be prepared for what could happen economically in the future. It's very serious. 1:15 I have a family member stuck in Costa Rica. How do they get home? 4:10 I'm about to get a tax refund. What should I do with the money? 33:05 Should I be working in California or Spain at the moment? How can I profit from the current crisis? 52:25 Why should I have thousands and thousands of dollars of physical currency available to me right now? 1:16:15 How can I properly integrate a Dave Ramsey portfolio into my life?
27 Sep 12:19
Short Update: Courses, Consulting, and What a Man Really Needs
Quick update: I'm available for private consulting. Hourly rate is discounted from $400 to $250 until the end of March with code MARCHMADNESS Email me: joshua@radicalpersonalfinance.com Courses are 20% off with code "CORONAVIRUS" at www.radicalpersonalfinance.com/store and at www.radicalpreparedness.com “To be truly challenging, a voyage, like a life, must rest on a firm foundation of financial unrest. Otherwise, you are doomed to a routine traverse, the kind known to yachtsmen who play with their boats at sea… “cruising” it is called. Voyaging belongs to seamen, and to the wanderers of the world who cannot, or will not, fit in. If you are contemplating a voyage and you have the means, abandon the venture until your fortunes change. Only then will you know what the sea is all about. “I’ve always wanted to sail to the south seas, but I can’t afford it.” What these men can’t afford is not to go. They are enmeshed in the cancerous discipline of “security.” And in the worship of security we fling our lives beneath the wheels of routine – and before we know it our lives are gone. What does a man need – really need? A few pounds of food each day, heat and shelter, six feet to lie down in – and some form of working activity that will yield a sense of accomplishment. That’s all – in the material sense, and we know it. But we are brainwashed by our economic system until we end up in a tomb beneath a pyramid of time payments, mortgages, preposterous gadgetry, playthings that divert our attention for the sheer idiocy of the charade. The years thunder by. The dreams of youth grow dim where they lie caked in dust on the shelves of patience. Before we know it, the tomb is sealed. Where, then, lies the answer? In choice. Which shall it be – bankruptcy of purse or bankruptcy of life?”
27 Sep 12:19
714-Friday Q&A: COVID-19 Update, Positive Thinking, Working Class Mentality vs. Rich Mentality, Ethical Problems, Market Participation, etc.
It's Friday! In today's Q&A show we cover: 1:00 Joshua's predictions on COVID-19 17:32 How to be positive during COVID-19 27:00 How to walk away from a working class mentality and adopt a rich mentality 52:12 Is it ethical for me to take unemployment insurance? 1:03:13 Is this a good time to go into the market? Enjoy! Sign up to support the show on Patreon: https://patreon.com/radicalpersonalfinance Private consulting is $150 off. Email joshua@radicalpersonalfinance.com with coupon code MARCHMADNESS All courses are 20% off with code "CORONAVIRUS" at https://radicalpersonalfinance.com/store Take my Family Preparedness class: https://radicalpreparedness.com Use "CORONAVIRUS" to save 20%
27 Sep 12:19
715-How to Respond to An Emergency Loss of Income
27 Sep 12:19
716-How to Profit From a Recession
We're in a recession. It hasn't been "officially" acknowledged yet, but it certainly will be. So let's talk about how you can profit from this situation. With the right attitude and the right decisions, you can come out of this difficult time positioned for greater and greater success. Let's talk about how. Joshua
27 Sep 12:19
717-Friday Q&A: HELOCs, Deferring Mortgage, Investing for 18-Year-Olds, Moving to the Country, Voluntary Furloughs, Etc.
It’s Friday! On today’s Q&A we cover: 1:23 - Should I take the HELOC money out and put it into my bank account? 4:57 - Should I defer my mortgage payments if possible? 6:30 - How does this economic crisis affect my FIRE plans? 16:52 - What should an 18-year-old do with $56,000 in his bank? 32:49 - Should we leave our high-income job to fulfill our dream of moving to the country? 48:24 - How should I give away $40,000 to $50,000 per year effectively? 1:19:20 - Should I take a voluntary furlough from my job? 1:24:12 - How should I set up my new business structure? 1:40:45 - How do I choose between two good job offers?
27 Sep 12:18
718-Friday Q&A: Credit Card Annual Fees, Like-Kind Exchanges, What to Do Next After Debt, Side Businesses, etc.
It's Friday! On today's live Q&A show we discuss: 1:10 Should I keep a credit card with an annual fee because it helps my credit score? 5:22 Should I pay off my mortgage right now or wait so I can invest in rental real estate? 10:59 Will the rental market be in demand again in the future? 12:22 Should I refinance my 15-year mortgage to a 30-year in order to have more cashflow? 15:20 What should a Radical Personal Finance live event look like? 23:47 Should I do a like-kind exchange right now or sell the property, pay the tax, and wait for the market to decline? 41:43 I'm 28 and just got out of debt. What should I do next? 59:26 How should I start a side business while simultaneously working a high-profit day job?
27 Sep 12:18
719-How to Have a Low-Cost Adventure in the Midst of a Financial Depression
Think you can't have a traveling adventure simply because you don't have any money? Well, if you think you can or you think you can't, you're right. If you'll adjust your mindset a bit, you can head out on a traveling adventure right now.
27 Sep 12:18
720-Commit to Growth, Exercise Courage, Develop Capability, Find Confidence
27 Sep 12:18
721-Friday Q&A: Stock Market Volatility, For-Profit Schools, Personal Self-Confidence, HELOCs, Etc.
Watch this episode on YouTube: https://youtu.be/36fIApfStZM 1:30 - Stock market volatility - are total stock index funds a safe bet? 14:12 - How can I build self-confidence with public speaking? 18:54 - How can I start a for-profit daycare or school? 35:35 - How should I use this time to learn more about money? Other important topics? How can I invest wisely at age 28? 46:00 - Should I take out a HELOC and use it to invest in a rental property? 53:00 - How can we decide whether my wife or I stay home with my son? 1:00:25 - Thoughts and strategies for working at home? 1:05:10 - Update on carnivore dieting?
27 Sep 12:18
722-Why I Don't Miss Investing in the Stock Market
Watch this episode on YouTube: https://youtu.be/3KiE5BOwM9E
27 Sep 12:18
723-Seven Rings of Liberty: What Do You Do When You're Free?
Watch this episode on YouTube: https://youtu.be/xBThQszqk4E
27 Sep 12:18
724-The Biggest Lifestyle Improvement Opportunity Available to You Right Now!
You have an incredible opportunity available to you right now. Don’t miss it! Watch this episode on YouTube: https://youtu.be/cvFLUsmlMWI
27 Sep 12:18
725-Friday Q&A: Future of the USA, Bank on Yourself, Master's Degree, How to Meet Smart People
It's Friday! Today we cover: 1:30 - What does Joshua think about the long-term future of the USA? 25:08 - Is Bank on Yourself / Infinite Banking a good idea? 56:13 - Should I get a Master's Degree right now or a job? 1:13:00 - How can I start a forum to meet smart people? Joshua P.S. To join me on next week's Q&A show, join me on Patreon: https://patreon.com/radicalpersonalfinance
27 Sep 12:18
726-How to Lower the Emotional Risk of a New Venture
Watch this episode on YouTube: https://youtu.be/BQtrLx0EELw
27 Sep 12:18
727-Friday Q&A: Credit Score, Helping Parents, Life Insurance on Children, Etc.
Time for live Q&A today! 3:15 Does changing my credit mix improve my credit score? 8:50 How can I find a good real estate deal? 14:48 My parents are in their early 50s and not saving money. How can I help them? 32:37 Should I buy life insurance on the lives of my children? 46:37 Should I buy a rental house first or my forever house? 50:46 How do I prioritize my financial goals? 55:15 We're having a baby! What should I know? 1:18:24 Where should I keep my emergency fund? Enjoy! Joshua
27 Sep 12:18
728-Where Are We Right Now?
27 Sep 12:18
REPLAY 456-Protect Your Money by Arrest-Proofing Yourself and Your Children
This episode was first published in May 1, 2017. It's important. Please listen. ------------------------------------------------------ If you get arrested, you can kiss anywhere from thousands to hundreds of thousands of dollars good-bye. You need insurance against that eventuality. Today, I'm going to teach you why it's vitally important that you arrest-proof yourself and how to do it. Joshua Arrest Proof Yourself book: http://amzn.to/2ph7Xos Don't Talk to the Police video: https://youtu.be/d-7o9xYp7eE You Have the Right to Remain Innocent video: https://youtu.be/gpkc2FZFR5k BUSTED: The Citizen's Guide to Surviving Police Encounters: https://youtu.be/yqMjMPlXzdA
27 Sep 12:18
729-Modern Tools to Help You Learn a Foreign Language Faster
Increasing your language skills can help your brain, your social life, and your wallet. In today's show, I give you some tools I have found to be useful in my own foreign language studies. Joshua Fluent Forever by Gabriel Wyner https://fluent-forever.com/book/ Anki https://apps.ankiweb.net Lingq: https://www.lingq.com/en/
27 Sep 12:18
730-How to Choose Which Foreign Language to Learn to Increase Your Income
Resource: "Languages for the Future: The foreign languages the United Kingdom needs to become a truly global nation" https://www.britishcouncil.org/sites/default/files/languages_for_the_future_2017.pdf
27 Sep 12:18
731-Revolution, Reformation, and Wealth
27 Sep 12:18
732-Friday Q&A: Proper Planning for Young People, Infinite Banking, Retirement Income, Etc.
Live Friday Q&A: 2:00 Do I stick out my job and current career because it's profitable and comfortable or do I pivot to something new while I'm young? 16:20 Should I do Infinite Banking as part of my retirement plan? 38:40 Should I go to college? 59:10 My 79-year-old father needs income. What should he invest in? Join next week's show here: https://patreon.com/radicalpersonalfinance Listen to 227-The Five Benefits of College and Radical Ways to Exploit Them
27 Sep 12:18
733-Friday Q&A: Privacy, Asset Protection, CARES Act Distributions, WWJD, Nomadism vs. Community
Friday Q&A: 1:30 What steps can I take to protect my privacy and assets as I get into real estate investing? 17:22 Should I take an early $100,000 IRA distribution due to the CARES Act? 24:30 WWJD if his global trip were cut short and he were trying to build an online business? 44:00 How can I build a sideline bee business that my children can help me with? 1:02:00 How can we reconcile the value of being a modern nomad with the value of local community? To join next week's show, support the show on Patreon: https://patron.com/radicalpersonalfinance
27 Sep 12:18
734-How to Move to Canada - and Get a Second Passport!
Moving is an extremely effective—albeit disruptive—way to improve certain aspects of your life, both financially and personally. All over the world there are millions of people who understand very clearly that if they can simply move to a country with a healthier, more robust economy. But what country do you choose? For hundreds of thousands of people, Canada is an obvious solution. Today I've invited Brandon Miller, owner of Maple Immigration on to the show to discuss immigration into Canada. We speak about immigration broadly and then specifically with regard to Canada. Enjoy! Joshua Get a free copy of Brandon's book "Second Passport: Your Guide to a Secure Alternative Home for You and Your Family Just in Case!" by emailing Brandon: info@mapleimmigration.ca Brandon's website: https://mapleimmigration.ca
27 Sep 12:18
735-Always Look for the Most Direct and Effective Path to Your Goals
27 Sep 12:18
736-Tax Planning Advice for an American Couple Moving Abroad to Teach
27 Sep 12:18
737-Friday Q&A: Equity Stripping a House in Divorce, Buy Whole Life Insurance in a Sabbatical, Affirmations in Personal Development, Etc.
In today's Q&A we discuss: 1:30 How can we equity strip a house in preparation for divorce? 13:17 Should I buy more whole life insurance if I'm planning to take a sabbatical in 6-8 years? 49:21 Are affirmations useful for personal development? 1:15:00 Should I be worried about leaving my home place in the current emergency?
27 Sep 12:18
738-Why Not Skip High School Virtual Classes and Take College Courses Instead?
Millions of students are sitting at home wasting their time watching online courses for measly high school credit. That's dumb. Why not just go ahead and get an online bachelor's degree instead? In today's show, I'll tell you how. Joshua
27 Sep 12:18
739-Friday Q&A: Socializing Children, IRA Taxation for Ex-US Citizens, Foreign Corps, Private Businesses, Etc.
It's Friday! Today, we cover: 9:00 How to socialize children when stuck at home? 22:27 How are IRAs Taxed for US citizens who renounce their citizenship? 38:18 How should we set up foreign corporations for US citizens moving abroad? 50:00 How should I go about looking for a financial advisor? 59:09 How can I run a business with total privacy? 1:22:51 Where does media production go from here? 1:35:00 How can a retirement-age couple with $130,000 decide where to put their money? 1:47:21 Should I put my new house into a trust? 1:53:47 Which home security system should I install in my new house?
27 Sep 12:18
740-Friday Q&A: Practical Prepping, Medicaid for Early Retirees, New Tow Rig, HOA Woes, Etc.
Live Friday Q&A today! 00:50 I just bought a new house. What practical prepper stuff should I do? 32:00 Can I & should I use Medicaid to cover my health insurance needs in early retirement? 51:01 I need a new Tow Rig; what truck should I buy? 1:10:21 Should I refinance my mortgage? 1:15:06 How can I become more relaxed with conflict in my life? 1:29:00 My HOA is underfunded; should I be worried? Enjoy! Joshua
27 Sep 12:17
741-How to Help Your Children Discover, Develop, and Profit From Their Passions and Talents: Interview with Jonathan Harris
What are your goals for your children? What skills and abilities do you want them to have when they leave your home? My guest, Jonathan Harris, is the father of nine children. His four eldest children have all established themselves as independent adults, building careers on the foundation of their personal talents and passions. In today's show, we discuss the strategies and tactics that have been helpful for him. www.ParentTheirPassion.com www.10ktotalent.com
27 Sep 12:17
742-Great Coronavirus News All Around
All of the news these days on coronavirus is positive. Is this a glimmer of the beginning of the end? Although we certainly expect many more people to get sick with COVID-19 and some to die, I think it is. I'll tell you why. Joshua
27 Sep 12:17
743-Did We Get It Wrong? Reflecting on the Unexpected (?) Recovery of the Stock Market
In March, things looked really bleak. But the stock market recovered in a spectacular 5-month period. Did we get it wrong? Do we regret anything we did? Joshua
27 Sep 12:17
744-Friday Q&A: Contractor vs. Employee, Negative Interest Rates, Cash, Emergency Escape from Wildfires, How to Pay Down a Life Insurance Loan
Friday Q&A show! Today we discuss: 00:30 Contractor status or employee status? 31:00 What happens with our money when interest rates go negative? 43:21 Is it really a good idea to have lots of cash on hand? 1:03:30 How should I set up an emergency escape vehicle to get out of California wildfires? 1:17:31 I used a life insurance loan as a down payment for my house; what do I do now?
27 Sep 12:17
745-Install a Success Operating System in Your Children
27 Sep 12:17
746-Friday Q&A: How to Get a Raise, Second Home vs. Investment Property, Saving vs. Giving
It's Friday! Today we cover: 00:48 How to get a raise at your job 11:55 Should I classify a 2nd house as an investment property or a second home? 25:30 Do I get a better deal on my mortgage by classifying a house as a second home? 31:15 How do I solve the tension between saving money and giving money? Enjoy! Joshua
27 Sep 12:17
747-How to Die Broke Like Billionaire Chuck Feeney Will
Billionaire Churck Feeney has recently finished giving away his entire $8 billion fortune. In today's show, we'll talk about whether you should copy him and how you could do it. Joshua Forbes: The Billionaire Who Wanted To Die Broke...Is Now Officially Broke Where he gave his money: https://www.atlanticphilanthropies.org/wp-content/uploads/2019/10/ZeroIsTheHero.pdf
27 Sep 12:17
748-Friday Q&A: Better College Jobs, Online Privacy, Investment Income in Early Retirement, Moving to Central America, Etc.
On today's Friday Q&A show: 1:03 I have a low-paying job while in college. How can I get a better job? 18:22 What name should I use for my online activities? 32:06 How do I actually take income from an investment portfolio in retirement? 49:23 I'm leaving California for Central America; where should I go? 1:11:50 I'm moving to Florida; what kind of hurricane planning do I need to do? 1:17:50 I'm worried about my exposure to USD. How can I hedge my bets? 1:22:54 I'm moving from California to Texas. What should I consider in the process? 1:35:27 I'm starting a new business that might fail; how can I protect my assets? 1:51:21 Should I pay off my mortgage? To join me next week, go to https://patreon.com/RadicalPersonalFinance
27 Sep 12:17
749-Analyzing The NY Times Trump Tax Return Story (In Depth)
The New York Times recently published a story on the analysis of President Trump's tax returns. Allegedly, Trump has not paid any income taxes in 10 out of the last 15 years. In today's podcast I analyze the financial planning behind the details in the article and teach you how you can use the same techniques Trump uses to shelter his income from taxes. Joshua NY Times story: https://www.nytimes.com/interactive/2020/09/27/us/donald-trump-taxes.html www.RadicalPersonalFinance.com/store
27 Sep 12:17
750-Friday Q&A: Lifestyle Biz for Efficient Taxation, Sales Jobs, Asset Protection, Buying a More Expensive House, Etc.
On today's Friday Q&A call we discuss: 00:45 I’m inspired by Trump’s taxes. How can I start a lifestyle business for myself? 32:10 What kind of sales job should I get? 49:00 How can I protect my assets in Montana? 1:00:42 Should I buy a more expensive house? 1:22:42 Reasons to refinance your mortgage now 1:26:20 I still don’t understand Trump’s tax returns. Help! Enjoy! Joshua Join my Patreon to gain access to next week's call: https://www.patreon.com/RadicalPersonalFinance
27 Sep 12:17
751-How I Taught My Children to Speak Fluent Spanish in One Year With No Teachers, No Classes, and No Playmates or Spanish-Speaking Friends
One year ago my wife and I decided to teach our children Spanish. At the time, they spoke zero Spanish. We succeeded in the project even though: They don't go to a Spanish-speaking school They don't have any Spanish-speaking friends They've not taken any Spanish classes They don't have anybody speaking Spanish to them full-time In this episode, I'll teach you how I did it. Joshua P.S. Stay tuned to the end to hear my eldest speaking in Spanish so you can assess his level of Spanish for yourself.
27 Sep 12:17
752-Friday Q&A: What to Do after Graduation, Speculating in Stocks, Concealed Carry Insurance, Asset Protection for Real Estate
On today's Q&A call we cover: 00:45 I graduate with a nursing degree in 6 months. What should I do next? 20:20 Should I have speculated in the recent stock market downturn with my down payment money? 38:30 I have 3 properties. Do I need an LLC for asset protection? 57:30 Should I buy concealed carry insurance? To join next week's call, go to https://patreon.com/RadicalPersonalFinance Enjoy! Joshua
27 Sep 12:17
753-Friday Q&A: Financial Privacy, Disability Insurance, Dealing with Insurance Agents, Land Contracts
It's Friday! In today's Q&A show we cover: 1:50 Buying disability insurance and maintaining financial privacy while dealing with insurance agents 40:30 Buying a house with a land contract Enjoy! Joshua
27 Sep 12:17
754-How to Invest in Commodities in a Radical Way (Metals, Tools, Food, Alcohol, etc.) | Interview with Steven Harris
In today's show I'm welcoming Steven Harris back to the show to discuss investing in commodities. When most people think of investing in commodities, they immediately think of gold and silver. Gold and silver have a place and can be useful, but they are not the only pathway to investing in commodities. In today's show Steven and I discuss how you can invest in commodities like food, metal, tools, etc. Enjoy! Joshua Go to www.RPF1234.com to buy Steven's preparedness education courses. They're awesome! (I own—and paid for—all of them myself.)
27 Sep 12:17
755-Friday Q&A: Inherited Real Estate Taxes, Placeholder Annuities, Teaching Children about Money, Etc.
It's Friday! Today we tackle: 1:30 Tax issues on inherited real estate + a healthy retirement 19:40 Should I buy a placeholder annuity so I get today’s mortality rates? 33:27 What opinions on teaching children about money has Joshua changed over the years? 47:00 Should I build a business in financial coaching? 1:16:45 I want to get into financial planning; what should I do? 1:39:42 I got denied for a credit card offer; what do I do next? I've recently begun offering financial consulting again. You can book an appointment here: https://radicalpersonalfinance.com/consult If you'd like to join me on next week's Q&A call, join me at https://patreon.com/RadicalPersonalFinance
27 Sep 12:17
Out & About: Emergency Fund Planning, Credit Cards, and Disability Insurance | Joshua's Appearance on the "Life Meets Money" Podcast
Today I share with you a recent interview I gave for the Life Meets Money podcast with Matt Miner. Matt Miner has been on Radical Personal Finance several times and this was a fantastic interview! We discussed lifestyle design, risk and emergency planning, insurance, prepping, etc. in great detail. Enjoy! Joshua This show was originally posted on the Life Meets Money podcast here: https://lifemeetsmoney.com/joshuasheats
27 Sep 12:17
394-On Voting, Elections, & Presidential Politics: 10 Things You Can Do That Will Actually Make a Difference in Your Life and Community (aka, Joshua's Antidote to Your Election Fever)
Note: This show was originally released on November 7, 2016. It's every bit as relevant today, November 2, 2020 as it was on that date. Listen to it afresh today with four years of hindsight. ------------------- In case you haven't heard, this presidential election is the most important one in your lifetime. 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
27 Sep 12:17
756-How to Leave a Bad Government When Your Guy Loses the Election
Whenever we get into the throes of a hotly contested election, people threaten to leave if their preferred candidate loses. Most don't ever leave, of course. But should they? I'm not sure they should leave. Leaving is a drastic step and response. But I'm sure that most people should prepare to leave. Or make a plan to leave. And today I'll share with you the argument and the methods! Book a consult with me here: https://radicalpersonalfinance.com/consult Buy my course on internationalization called "How to Survive and Thrive in the Coming Economic Crisis" here: https://radicalpersonalfinance.com/store
27 Sep 12:17
757-Friday Q&A: Cryptocurrency, Guaranteed Income for Early Retirement, Tax for Nomads, Investing in Children, Biblically Responsible Investing, Welfare, Etc.
Live Friday Q&A today! 1:45 The future of cryptocurrency and associated tax questions 24:48 Should an early retiree set up a guaranteed income stream? 37:18 Will I owe tax if I’m moving around working as a digital nomad? 45:52 How can I invest in my children without messing up my simple cashflow system? 56:58 Should I invest in a Biblically Responsible mutual fund 1:12:38 Where can I put my real estate down payment money to get a bit more interest? 1:21:15 Joshua’s current advice for existing podcasters 1:37:16 Should I set up a corporation for my business or keep running it as a sole proprietorship? 1:46:45 If it’s ok to take welfare, why not make a class teaching people how to get it? Enjoy! To join me next week, go here: https://patreon.com/RadicalPersonalFinance Book a private consultation here: https://radicalpersonalfinance.com/consult
27 Sep 12:16
Black Friday Sale...and Thanks!
Short message today to announce my Black Friday sale and to say thank you. You can save 55% on all of my courses at https://radicalpersonalfinance.com/store by using Coupon Code BLACKFRIDAY2020. (Sale ends Tuesday, December 1) You can save 25% on a private consulting call at https://radicalpersonalfinance.com/consult
27 Sep 12:16
758-How to End a Year and Plan a Better One, Part 1: Reflect
27 Sep 12:16
759-Friday Q&A: Scaling Biz, 401(k) Rollovers, $600k Inheritance, Leaving a Corporate Job Faster, Moving Money Offshore
Friday Q&A today: 2:10 - Free resource for end-of-the-year planning: www.yearcompass.com 3:00 - How aggressive should I be in scaling up my real estate company? 22:15 - Should I rollover my 401(k) and 403(b) to an IRA 35:30 - Should I put my child into kindergarten at an early age? 43:44 - Should I deduct my early stage business expenses now or later? 47:14 - What should I do with a $600,000 inheritance 1:06:00 - Should I participate in my 457(b) plan? 1:06:41 - I want to leave my $225k corporate job to be a full-time trader. How can I do it faster? 1:20:45 - Should we keep our old house as a rental? 1:34:38 - Should I participate in my company’s mega-backdoor-Roth? 1:45:20 - Should I move my $1M brokerage account offshore? To join me on next week's Q&A show, support the show on Patreon: https://patreon.com/RadicalPersonalFinance
27 Sep 12:16
760-How to End a Year and Plan a Better One, Part 2: Dream
27 Sep 12:16
761-How to End a Year and Plan a Better One, Part 3: Plan
27 Sep 12:16
762-My 2021 Commitment: To Live Richly, Not Frugally
In 2021, I resolve to spend more money and not to engage in extreme savings. Here's why! Joshua Book a consult with me: https://radicalpersonalfinance.com/consult
27 Sep 12:16
763-Friday Q&A: Retirement Accounts for Americans Abroad, Whole Life Insurance, Rental Property Furnishings, Giving Appreciated Assets to Charity, Etc.
It's Friday! Live Q&A today: 2:00 Questions on retirement account contribution for US Americans living abroad 19:48 Should I dump my whole life insurance policy? 35:21 What are the rules on the disposition of stuff for my rental property? 45:21 Should I make big year-end contributions to my retirement accounts? 51:00 I just got laid off. What do I need to do now? 1:08:00 Should I enhance my charitable giving by giving appreciated assets? 1:14:44 How do I figure out the tax rules on my cryptocurrency? 1:21:15 Should I keep my home base in the USA or dump it and move? Enjoy! To join next weeks Q&A show, go here: https://patreon.com/RadicalPersonalFinance
27 Sep 12:16
764-Money is the Ultimate Renewable Resource; Time is the Ultimate Non-Renewable Resource
27 Sep 12:16
765-The Freedom of Frugality
27 Sep 12:16
RPF Meetup Invitation: Thursday, February 11 in Bogotá, Colombia
Hey Radicals! I'm hosting a public meetup this Thursday, February 11, 2021 in Bogotá, Colombia. If you'd like to join me, please email me: Joshua at Radical Personal Finance dot com. Joshua
27 Sep 12:16
766-Count the Costs and Your Goals May be Far More Achievable
27 Sep 12:16
767-Friday Q&A: Government Job or Private-Sector, Getting Back Into Tax Compliance, Protecting Cash from Inflation, Camper or Hotel, Traveling While on Maternity Leave, Etc.
In today's show we do live Q&A: 3:00 Should I take a government job with good benefits or a private sector job with other benefits? 16:42 How do I get myself back into tax compliance for a US citizen? 25:52 How should I protect my cash savings from inflation 35:30 Should I stay in hotels or buy a camper for my cross-country road trip? 56:30 Should I merge my HSA with my wife’s? 1:02:05 We are going to have a baby soon. Should we go travel with our maternity leave? 1:10:18 How can I quickly build my credit?
27 Sep 12:16
768-The Psychological Freedom of Ratios
27 Sep 12:16
769-The Power of Beta
27 Sep 12:16
770-Friday Q&A: HELOC for Stock Investing, Dental Tourism, CFP Career Prospects, Equity as Comp
It's Friday! Today we cover: 2:08 - Should I take out a HELOC on my house to invest in stocks? 20:48 - Can I save money on my taxes by starting a dental tourism company? 25:15 - Is the career of a CFP a good career? 39:20 - Should I sell my $600,000 crypto portfolio? 59:28 - How can I find new and interesting ideas for my life? 1:09:28 - How can I build a framework for my children’s education? 1:17:08 - Should I take a job that promises me equity as compensation? Enjoy! Joshua Join me on Patreon: https://patreon.com/RadicalPersonalFinance
27 Sep 12:16
771-What Will They Say About Your Life When You Die?
Today, I'm going to share with you my thoughts about a friend's life and share with you some lessons from his life.
27 Sep 12:16
CLOSING FOR RENOVATION SALE! Save 50% on my courses until March 31
On March 31 I am removing my current courses from the marketplace so that I can re-shoot the video with fancier visual effects and release them at a higher price point. I'm also no longer going to provide personal phone consulting services after March 31. Save 50% on my courses with coupon code CHANGINGPLATFORMS available at https://radicalpersonalfinance.com/store Save 25% on my phone consulting by booking a call with me at https://radicalpersonalfinance.com/consult Both of these offers end on March 31, 2021, so act quickly.
27 Sep 12:16
772-Friday Q&A: Investment Wins, Vacation Property, Offshore Liability, Disability Insurance
It's Friday and that means live Q&A! But remember that I'm doing a limited-time sale: Go to https://radicalpersonalfinance.com/store and get 50% OFF all of my courses using coupon code CHANGINGPLATFORMS I'm ending my personal consulting work on March 31, 2021. If you'd like to book a personal consultation with me, go to https://radicalpersonalfinance.com/consult and book now. Plus, you'll save 25% on that service too! On to today's topics: 2:40 What can I learn from my recent investment wins? 11:06 I've decided not to FIRE as soon as I though; should I buy a vacation property? 25:41 Can going offshore lower my personal liability exposure? 40:52 My wife and I are retiring young. Now what? 54:36 Understanding the options on disability insurance. Enjoy! Joshua p.s., remember to save 50% at https://radicalpersonalfinance.com/store with coupon code CHANGINGPLATFORMS and to book an consulting call with me at https://radicalpersonalfinance.com/consult before they disappear!
27 Sep 12:16
773-How an Early Retirement Extreme Lifestyle Protects You From Catastrophic - Interview with Jacob Lund Fisker
I invited Jacob Lund Fisker back to Radical Personal Finance to discuss the Early Retirement Extreme lifestyle, investing, and how to protect yourself from catastrophic risk. https://radicalpersonalfinance.com/store Save 50% with CHANGINGPLATFORMS until March 31
27 Sep 12:16
774-The Shocking Truth of How Just a Tiny Bit of Tax Destroys the Compounding of Your Wealth (RE-DO TO CORRECT A SERIOUS MATH ERROR)
The Magic Penny is the best-performing investment asset any of us could dream of having. Today I'll show you how just a little bit of tax totally decimates its results! Save 50% with code CHANGINGPLATFORMS only until March 31. https://radicalpersonalfinance.com/store
27 Sep 12:16
775-Friday Q&A: Health Insurance or Health Sharing, Convert Group Life to Personal, Sell My Rental Property, etc.
Save 50% on all of my courses until March 31 using coupon code CHANGINGPLATFORMS at https://radicalpersonalfinance.com/store 2:30 Should I buy a health insurance policy on the public exchange or join a Christian Healthcare Ministry? 9:30 Can I open an HSA account if I’m on my parents’ policy? 13:00 How long should I keep my personal banking records? 17:10 Should I convert my group life insurance to a personal policy? 26:30 Should I sell my rental property to invest in something else? 35:10 Should I take my money out of my 401(k) using the Coronavirus penalty relief? 40:45 Should I trust the government’s tax promises about my 401(k)? Joshua
27 Sep 12:16
776-Should You Cheat on Your Taxes to Save Money?
Save 50 percent on all of my courses until March 31 with coupon code CHANGINGPLATFORMS at https://radicalpersonalfinance.com/store
27 Sep 12:16
How to Live Income-Tax Free in the USA
It's exceedingly difficult to live income-tax free in the USA. (At least if we assume you're going to make some significant money.) But it's not impossible. At least not conceptually. You just have to avoid that pesky thing called "income." Let's talk about how! Joshua 50% off sale ends March 31. Use Coupon Code CHANGINGPLATFORMS at https://radicalpersonalfinance.com/store now!
27 Sep 12:16
50% Off Sale Ends Tomorrow!
https://radicalpersonalfinance.com/store use code CHANGINGPLATFORMS
27 Sep 12:16
Announcement: Big, Big Travel Plans This Year!
In today's show, I'll share the exciting Sheats' Family travel plans for the rest of this year! Joshua p.s., Brand new! Text me a question or comment at 561-468-3158!
27 Sep 12:16
How to Live Income-Tax Free in the USA (pt 2) ... and Make Money!
Text me your comments and questions: 561-468-3158 Joshua
27 Sep 12:16
Friday Q&A: Made a Bunch of Money; Now What? How Does Joshua Create a Podcast
It's Friday! Today we do live Q&A and cover: I made a bunch of money on a real estate deal. What do I do with the money now? 29:35 How does Joshua go about making a podcast? Joshua p.s., join me on Patreon to join us next week! https://patreon.com/RadicalPersonalFinance
27 Sep 12:16
How Should You Prioritize Tax Costs in Your Decisions?
27 Sep 12:16
Disaster is NOT a Strategy
Disaster is NOT a strategy. But you can build a strategy for virtually any disaster. Joshua
27 Sep 12:16
What to Do When Nothing Is Working and You Feel Like the Darkness is Closing In
27 Sep 12:15
Friday Q&A: Downsides to Second Citizenship, Crypto Wages, Cash Out Pension, Etc.
It's Friday! Today we do Q&A! 1:30 Is there a downside to a second citizenship? 20:04 Should I invest for early retirement or buy a house? 47:37 How are my crypto wages taxed as I earn them and they grow? 1:06:00 Should I cash out my Teacher's pension or keep it? 1:16:48 I make 3x money as I did 6 months ago. Am I spending too much? 1:24:27 I have $1,000,000 in the stock market. Should I sell? 1:38:20 How can I plant some flags as a farmer? 1:52:31 How can I pay my parents to work for my business? 2:01:00 What's wrong with Universal Life Insurance? To join next week's show, go to https://patreon.com/RadicalPersonalFinance
27 Sep 12:15
I Make Dreams Come True
27 Sep 12:15
How to Move to Mexico (and Why You Should Establish Residency Now, Not Later)
I firmly believe that any North American who is interested in a Plan B should consider Mexico as an option before almost any other country. In today's podcast I've invited attorney Enrique Ramírez Corona on the show to discuss how Mexico's immigration program works. Enjoy! Joshua Enrique's website: http://www.sanmiguel-legal.com/ Enrique's email: enrique@sanmiguel-legal.com
27 Sep 12:15
Is it Safe to Go to Mexico? Or Anywhere?
27 Sep 12:15
The Freedom of Full-Time Family Travel
As a family, we've just finished the first two weeks of our most-recent nomad adventure in Mexico! In today's show, I want to share with you how and why we live in a golden age of travel and how you can access it if you want to! Joshua
27 Sep 12:15
Why I Got Bitcoin Wrong: An Apology
In 2013, Bitcoin traded for $85 per coin. Today, it's at $40,000 per coin. I never once told you to buy Bitcoin. In today's show I'll explain why and I will apologize for that oversight. Joshua
27 Sep 12:15
Friday Q&A: Saving on Taxes, Learning a New Language, Getting into Camping, Inflation, etc.
On today's Friday Q&A is show we cover: 1:10 I have a new 109-acre property. How can I use it intelligently to offset the costs and taxes? 18:32 Should I pay off debt if I expect future inflation? 27:15 What tools should I use to learn a language from scratch? 41:45 How far can I go in deducting the expenses of my vacation rental and how far should I go to get tax deductions? 1:03:00 I'm getting my family into camping for the first time. Where should I start? 1:22:00 Should I invest into life settlement contracts? Enjoy! Joshua https://patreon.com/RadicalPersonalFinance
27 Sep 12:15
Starting a New Country Dedicated to the Principles of Liberty: Interview with Liberland President Vít Jedlička
27 Sep 12:15
Joshua's WhatsApp Metaphor and How It Will Apply to the Changing Financial World
27 Sep 12:15
Friday Q&A: DIY, Business in Mexico, CPA Business, Buying Houses, Liberland
On today's Friday Q&A we discuss: 1:30 Should I spend money on home projects when I'm capable of DIY? 17:20 What's involved with my opening a business in Mexico 26:30 Is there any danger to my real estate strategy of doing owner-financing to Mexican immigrants? 35:30 How can a young CPA grow his business and career intelligently? 43:30 Should I buy a house? 1:01:00 What is the likely future of Liberland? 1:24:15 Is it crazy for us to AirBnB for 6 months while we find a new place to live? If you'd like to be on next weeks Q&A show, sign up here: https://patreon.com/RadicalPersonalFinance Enjoy! Joshua
27 Sep 12:15
How This Man Built a Massive Business in a Frontier Market: Interview with Steve Aronson, Founder of Cafe Britt
27 Sep 12:15
Commentary on ProPublica Article: "The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax"
ProPublica made a splash this week with their reporting on the wealthiest 25 Americans' tax returns. Let's discuss! Joshua https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
27 Sep 12:15
Friday Q&A: Michael Burry's Crypto Predictions, How Much Life Insurance, Florida
It's Friday! Today we discuss: 2:21 What do we do with Michael Burry's predictions of a crypto crash? 18:35 How do I figure out how much life insurance I need 35:45 Is Florida the best state in the USA? Enjoy! To join me next week, sign up here: https://patreon.com/RadicalPersonalFinance Joshua
27 Sep 12:15
This is Why You Shouldn't Leave Your Home Country and Go Elsewhere
27 Sep 12:15
Analyzing Peter Thiel's $5 Billion Roth IRA
https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax
27 Sep 12:15
Family Travel Tips from a Full-Time Nomad Family
27 Sep 12:15
When You Have to Run Because…War
27 Sep 12:15
Why I Defend Billionaires
27 Sep 12:15
Practical Tools to Travel the World Cheaply
27 Sep 12:15
The Beauty and Excellence of a Conventional Life
27 Sep 12:15
Friday Q&A: More Flag Theory, Debt Management, Etc.
27 Sep 12:15
Family Travel by Car is Vastly Superior to All Other Options
27 Sep 12:15
How to Buy a Quality Used Car Fast
27 Sep 12:15
Friday Q&A: Where to Start as 21-Year-Old, Liability on Rural Property, Saving for Retirement vs. House, etc.
It's Friday! On today's Q&A call we discuss: 1:20 I'm 21 Years old and just bought a house. Should I do the Alpha Strategy? 24:50 I bought a rural property. How can I control my liability? 36:35 Should I prioritize retirement savings or a house down payment?
27 Sep 12:15
How to Lower The Stress of Travel
27 Sep 12:15
Friday Q&A: Education, Crypto Lending, Low Income Opportunities, Spending Money on Prepping, House Hacking, etc.
2:06 How should I save for my children's education? 31:00 How should I view crypto lending accounts? 38:00 My income is going to be super low this next year. What are my opportunities? 46:30 How much money should I spend on prepping? 1:03:30 I'm a new early retiree. Should I pay cash for a house or finance it? 1:22:30 I'm young and getting into house hacking. How should I start? 1:31:15 What are Joshua's real estate investment plans?
27 Sep 12:15
My Biggest Financial Mistakes: Conservatism
27 Sep 12:15
Friday Q&A: Houses, Taxes, Traveling, Internationalizing, Diversification, Income
Today we discuss: 1:30 My landlord has Stage 4 cancer and wants me to buy his house. Should I do it? 15:30 Should I start an S-Corp to save on taxes? 24:39 How can I learn to be a lighter traveler? 33:33 How can I enhance my international diversification? 46:43 How much net worth should you invest into a single project? 1:04:30 How can I increase my income? Join next week's call at https://patreon.com/RadicalPersonalFinance
27 Sep 12:15
My Biggest Financial Mistakes: Not Selling Aggressively
27 Sep 12:15
A Truth About Personal Freedom I Desperately Wish Weren't True
27 Sep 12:14
Will Your Bank Automatically Send All Your Info to the IRS?
Biden wants IRS to snoop into your bank account, know when you have $600 or more Biden Tax Plan Leans on Banks to Help Find Unreported Income The proposal would require banks to report annual account inflows and outflows to the Internal Revenue Service White House Fact Sheet: The American Families Plan Department of the Treasury: General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals Elizabeth Warren's S.1788 - Restoring the IRS Act
27 Sep 12:14
Major Tax Changes Coming...Just Like Always!
Text of House Dems Proposal @CPAPlanner's tweetstorm on the proposal How Peter Thiel Saved $5 Billion Tax Free #PassportSheats
27 Sep 12:14
Global Supply Chains are in Disarray Buy the Physical Items You Need and Want Now
27 Sep 12:14
My Biggest Financial Mistakes - Pursuing a Lifestyle of Leisure
27 Sep 12:14
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