Radical Personal Finance artwork

Radical Personal Finance

830 episodes - English - Latest episode: 5 days ago - ★★★★ - 1.6K ratings

Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.

Investing Business Education earlyretirement financialindependence financialplanning insurance investing
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Episodes

Friday Q&A: Inherited Real Estate Taxes, Placeholder Annuities, Teaching Children about Money, etc.

October 23, 2020 20:34 - 1 hour - 107 MB

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 consulti...

How to Invest in Commodities in a Radical Way (Metals, Tools, Food, Alcohol, etc.) | Interview with Steven Harris

October 19, 2020 21:16 - 2 hours - 140 MB

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. T...

Friday Q&A: Financial Privacy, Disability Insurance, Dealing with Insurance Agents, Land Contracts

October 16, 2020 19:43 - 1 hour - 58.5 MB

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

Friday Q&A: What to Do after Graduation, Speculating in Stocks, Concealed Carry Insurance, Asset Protection for Real Estate

October 09, 2020 19:42 - 1 hour - 73.9 MB

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  

How I Taught My Children to Speak Fluent Spanish in One Year With No Teachers, No Classes, and No Playmates or Spanish-Speaking Friends

October 08, 2020 21:12 - 1 hour - 73.1 MB

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 and 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 Span...

Friday Q&A: Lifestyle Biz for Efficient Taxation, Sales Jobs, Asset Protection, Buying a More Expensive House, etc.

October 02, 2020 18:54 - 1 hour - 98.9 MB

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 

Analyzing The NY Times Trump Tax Return Story (In Depth)

September 28, 2020 21:54 - 2 hours - 120 MB

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/...

Friday Q&A: Better College Jobs, Online Privacy, Investment Income in Early Retirement, Moving to Central America, etc.

September 25, 2020 20:39 - 2 hours - 114 MB

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 C...

How to Die Broke Like Billionaire Chuck Feeney Will

September 21, 2020 19:18 - 1 hour - 76.3 MB

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

Friday Q&A: How to Get a Raise, Second Home vs. Investment Property, Saving vs. Giving

September 18, 2020 19:03 - 1 hour - 86 MB

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

Install a Success Operating System in Your Children

September 15, 2020 22:24 - 30 minutes - 27.9 MB

Friday Q&A: Contractor vs. Employee, Negative Interest Rates, Cash, Emergency Escape from Wildfires, How to Pay Down a Life Insurance Loan

September 11, 2020 21:07 - 1 hour - 79.2 MB

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?

Did We Get It Wrong? Reflecting on the Unexpected (?) Recovery of the Stock Market

September 09, 2020 23:06 - 1 hour - 73.4 MB

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

Great Coronavirus News All Around

September 02, 2020 18:20 - 26 minutes - 21.3 MB

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

Great Coronavirus News All Around

September 02, 2020 18:20

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

How to Help Your Children Discover, Develop, and Profit From Their Passions and Talents: Interview with Jonathan Harris

August 29, 2020 12:19 - 1 hour - 82.1 MB

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. Joshua www.ParentTheirPassion.com   www.10ktotalent.com  

Friday Q&A: Practical Prepping, Medicaid for Early Retirees, New Tow Rig, HOA woes, etc.

August 21, 2020 20:10 - 1 hour - 90.7 MB

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

Friday Q&A: Socializing Children, IRA Taxation for Ex-US Citizens, Foreign Corps, Private Businesses, Etc.

August 14, 2020 19:48 - 2 hours - 111 MB

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? ...

Friday Q&A: Socializing Children, IRA Taxation for Ex-US Citizens, Foreign Corps, Private Businesses, Etc.

August 14, 2020 19:43

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? ...

How To Build Wealth and Personal Freedom Fast with Andrew "Cobra" Tate

August 04, 2020 19:16 - 1 hour - 56.8 MB

My guest on today's show is Andrew Tate, world champion kickboxer and self-made millionaire. We discuss fast money and lifestyle freedom. 750+ episodes of Radical Personal Finance: https://radicalpersonalfinance.libsyn.com Life-changing courses by Joshua: https://radicalpersonalfinance.com/store  Andrew Tate's website: https://cobratate.com 

Why Not Skip High School Virtual Classes and Take College Courses Instead?

July 27, 2020 21:54 - 1 hour - 74.2 MB

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  

Request for donations for an urgent situation in Venezuela

July 21, 2020 22:07 - 24 minutes - 20 MB

https://www.paypal.me/JoshuaSheats

Friday Q&A: Equity Stripping a House in Divorce, Buy Whole Life Insurance in a Sabbatical, Affirmations in Personal Development, Etc.

July 20, 2020 17:16 - 1 hour - 82.3 MB

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?

Tax Planning Advice for an American Couple Moving Abroad to Teach

July 17, 2020 21:01 - 44 minutes - 40.8 MB

Always Look for the Most Direct and Effective Path to Your Goals

July 16, 2020 21:00 - 32 minutes - 29.7 MB

How to Move to Canada 🇨🇦 And Get a Second Passport!

July 08, 2020 18:12 - 1 hour - 76.7 MB

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 in...

Friday Q&A: Privacy, Asset Protection, CARES Act Distributions, WWJD, Nomadism vs. Community

July 03, 2020 20:59 - 1 hour - 76.4 MB

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, su...

Friday Q&A: Proper Planning for Young People, Infinite Banking, Retirement Income, etc.

June 26, 2020 21:20 - 1 hour - 74.1 MB

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

Revolution, Reformation, and Wealth

June 25, 2020 21:27 - 48 minutes - 39 MB

How to Choose Which Foreign Language To Learn to Increase Your Income

June 22, 2020 21:23 - 1 hour - 70.8 MB

"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 

Modern Tools to Help You Learn a Foreign Language Faster

June 10, 2020 20:01 - 1 hour - 71.3 MB

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/ 

Replay: 456-Protect Your Money by Arrest-Proofing Yourself and Your Children

June 05, 2020 19:53 - 2 hours - 133 MB

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: htt...

Where Are We Right Now?

June 04, 2020 23:36 - 39 minutes - 31.5 MB

Friday Q&A: Credit Score, Helping Parents, Life Insurance on Children, etc.!

May 22, 2020 18:53 - 1 hour - 80.4 MB

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...

724-How to Lower the Emotional Risk of a New Venture

May 18, 2020 21:59 - 48 minutes - 44.8 MB

Watch this episode on YouTube: https://youtu.be/BQtrLx0EELw

723-Friday Q&A: Future of the USA, Bank on Yourself, Master's Degree, How to Meet Smart People

May 15, 2020 20:43 - 1 hour - 93.6 MB

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 

722-The Biggest Lifestyle Improvement Opportunity Available To You Right Now!

May 11, 2020 21:00 - 48 minutes - 44.7 MB

You have an incredible opportunity available to you right now. Don’t miss it! Watch this episode on YouTube: https://youtu.be/cvFLUsmlMWI

The Biggest Lifestyle Improvement Opportunity Available To You Right Now!

May 11, 2020 21:00 - 48 minutes - 44.7 MB

You have an incredible opportunity available to you right now. Don’t miss it!

721-Seven Rings of Liberty: What Do You Do When You’re Free?

May 06, 2020 18:36 - 39 minutes - 36.7 MB

Watch this episode on YouTube: https://youtu.be/xBThQszqk4E

719-Why I Don’t Miss Investing in the Stock Market

May 04, 2020 21:36 - 1 hour - 64.4 MB

Watch this episode on YouTube: https://youtu.be/3KiE5BOwM9E

718-Friday Q&A: Stock Market Volatility, For-Profit Schools, Personal Self-Confidence, HELOCs, Etc.

May 01, 2020 21:06 - 1 hour - 55.5 MB

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 m...

716-How to Have a Low-Cost Adventure in the Midst of a Financial Depression

April 21, 2020 22:31 - 1 hour - 59.4 MB

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.

715-How to Have a Low-Cost Adventure in the Midst of a Financial Depression

April 21, 2020 22:31 - 1 hour - 59.4 MB

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.

715-Friday Q&A: Credit Card Annual Fees, Like-Kind Exchanges, What To Do Next After Debt, Side Businesses, etc.

April 17, 2020 22:57 - 1 hour - 78.1 MB

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...

714-Friday Q&A: HELOCs, Deferring Mortgage, Investing for 18-Year-Olds, Moving to the Country, Voluntary Furloughs, Etc.

April 10, 2020 22:17 - 1 hour - 110 MB

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 vol...

713-How to Profit From a Recession

April 07, 2020 23:13 - 1 hour - 78.4 MB

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

712-How to Respond to An Emergency Loss of Income

March 31, 2020 16:41 - 47 minutes - 44.1 MB

711-Friday Q&A: COVID-19 Update, Positive Thinking, Working Class Mentality vs. Rich Mentality, Ethical Problems, Market Participation, etc.

March 27, 2020 17:52 - 1 hour - 74.3 MB

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 [email protected] with cou...

Short Update: Courses, Consulting, and What a Man Really Needs

March 25, 2020 14:34 - 13 minutes - 12.6 MB

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: [email protected] 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...

Guests

Jake Desyllas
5 Episodes
James Wesley
3 Episodes
Joshua Sheats
3 Episodes
Curtis Stone
2 Episodes
David Stein
2 Episodes
Joe Fairless
2 Episodes
Kraig Mathias
2 Episodes
Lauren Greutman
2 Episodes
Michael Kitces
2 Episodes
Nick Loper
2 Episodes
Paula Pant
2 Episodes
Rocky Lalvani
2 Episodes
Alan Moore
1 Episode
Andy Sage
1 Episode
Ann Barnhardt
1 Episode
Brad Baldridge
1 Episode
Brad DeGraw
1 Episode
Carrie Olsen
1 Episode
Casey Lewis
1 Episode
Chad Carson
1 Episode
Cliff Ravenscraft
1 Episode
Craig Cody
1 Episode
Daniel Crosby
1 Episode
Dan Lok
1 Episode
Dr. Gary North
1 Episode
Jason Parker
1 Episode
Jeff Goins
1 Episode
Joe Saul-Sehy
1 Episode
Jonathan Harris
1 Episode
Jordan Harbinger
1 Episode
Josh Elledge
1 Episode
Ken Ilgunas
1 Episode
Lee Cockerell
1 Episode
Leslie Pappas
1 Episode
Manhar Patel
1 Episode
Mark Podolsky
1 Episode
Michael Melissinos
1 Episode
Nate Dodson
1 Episode
Nick Hazelton
1 Episode
Nicole Bryan
1 Episode
Peter Polson
1 Episode
Peter Steinberg
1 Episode
Rick Seigmund
1 Episode
Robert Kiyosaki
1 Episode
Rod Khleif
1 Episode
Roger Whitney
1 Episode
Sara Miner
1 Episode
Scott Young
1 Episode
Tim Ferriss
1 Episode
Tim Schmoyer
1 Episode
Tom Corley
1 Episode
Ty Crandall
1 Episode
Zeona McIntyre
1 Episode

Twitter Mentions

@joshuasheats 7 Episodes
@cheapbohemian 1 Episode
@annbarnhardt 1 Episode
@USATODAY 1 Episode