Radical Personal Finance artwork

Radical Personal Finance

875 episodes - English - Latest episode: 19 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

The Psychological Freedom of Ratios

February 16, 2021 18:15 - 57 minutes - 52.9 MB

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.

February 12, 2021 16:23 - 1 hour - 70.4 MB

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 qu...

Count the Costs and Your Goals May be Far More Achievable

February 10, 2021 14:57 - 11 minutes - 10.6 MB

RPF Meetup Invitation: Thursday, February 11 in Bogotá, Colombia

February 08, 2021 20:48 - 1 minute - 1.57 MB

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

The Freedom of Frugality

January 28, 2021 22:19 - 37 minutes - 34.6 MB

Friday Q&A: Retirement Accounts for Americans Abroad, Whole Life Insurance, Rental Property Furnishings, Giving Appreciated Assets to Charity, etc.

January 15, 2021 18:48 - 1 hour - 89.9 MB

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 m...

My 2021 Commitment: To Live Richly, Not Frugally

January 14, 2021 22:06 - 48 minutes - 44.8 MB

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

How to End a Year and Plan a Better One, Part 3: Plan

December 15, 2020 18:01 - 42 minutes - 38.9 MB

How to End a Year and Plan a Better One, Part 2: Dream

December 09, 2020 21:01 - 1 hour - 60.3 MB

Friday Q&A: Scaling Biz, 401(k) Rollovers, $600k Inheritance, Leaving a Corporate Job Faster, Moving Money Offshore

December 04, 2020 18:03 - 2 hours - 130 MB

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 $2...

How to End a Year and Plan a Better One, Part 1: Reflect

December 02, 2020 23:03 - 50 minutes - 46.3 MB

Black Friday Sale...and Thanks!

November 25, 2020 23:09 - 8 minutes - 7.76 MB

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 

Friday Q&A: Cryptocurrency, Guaranteed Income for Early Retirement, Tax for Nomads, Investing in Children, Biblically Responsible Investing, Welfare, etc.

November 13, 2020 18:42 - 1 hour - 109 MB

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 ...

How to Leave a Bad Government When Your Guy Loses the Election

November 09, 2020 23:04 - 1 hour - 102 MB

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 internationaliz...

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)

November 02, 2020 21:05 - 1 hour - 59.9 MB

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. And, it will retain that title until November 9 when the 2020 election will take over as reigning champ. Not only is this the most important election of yo...

Out & About: Emergency Fund Planning, Credit Cards, and Disability Insurance: Joshua's Appearance on the Life Meets Money Podcast

October 27, 2020 23:05 - 1 hour - 79 MB

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 

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...

726-Where Are We Right Now?

June 04, 2020 23:36 - 39 minutes - 31.7 MB

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