Radical Personal Finance
1,310 episodes - English - Latest episode: 26 days ago - ★★★★ - 1.8K ratingsJoshua 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.
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Episodes
294-Friday Q&A: Liability Insurance, Life Insurance for a Stay-At-Home Mom, Real Estate Financing and Entities, And More!
February 15, 2016 16:58 - 1 hour - 55.5 MBFriday Q&A show today! Is an umbrella liability insurance policy a good idea? Should I buy life insurance for my stay-at-home wife at my job? How do I finance real estate? What type of entity should I choose for real estate investment? Enjoy! Joshua www.radicalpersonalfinance.com/ynab www.radicalpersonalfinance.com/patron
292-Personal Branding and Marketing, Entrepreneurship, and Lifestyle Design as CEO of a Company: Interview with David Hancock, CEO of Morgan James Publishing
February 10, 2016 01:42 - 49 minutes - 34.2 MBI'm delighted to have David Hancock on today's show. David is the founder and CEO of Morgan James Publishing. David has a fascinating business history and you'll benefit greatly from hearing his story. He's also an expert at personal branding and marketing. Most importantly, he's figured out how to make an excellent living on his own terms while doing work he loves! Enjoy! Joshua www.morgan-james-publishing.com Get a $100 bonus when you open an account at www.tradeking.com/radical C...
291-Friday Q&A: Real Estate, How Much Money is Too Much in Qualified Accounts, Bank on Yourself and Infinite Banking, Stocks vs Bonds
February 05, 2016 19:41 - 1 hour - 53.2 MBI've decided to start doing regular live call-in shows as part of our Friday Q&A. Today we cover these questions: How much leverage/risk is appropriate when building a real estate portfolio? How much money is too much to have inside a qualified account? How do you get money out of a qualified account for early retirement? Is Bank on Yourself life insurance a good idea? What's the right asset allocation between stocks/bonds? Enjoy! Joshua If you have student loans, make sure to get a ...
290-Stop Chasing Influencers: The True Path To Building Your Business and Living Your Dream: Interview with Co-Author Kimanzi Constable
February 04, 2016 20:34 - 48 minutes - 39.2 MBDo you have some excuses as to why you can't be successful? Well, get ready to get your excuses kicked in. My guest today is Kimanzi Constable. He started his career as a bread delivery driver and hustled his way into becoming a highly paid, internationally-recognized author, speaker, and coach. Along the way, he lost 170 pounds, paid off $180,000 in debt, and learned a thing or two about business. Enjoy the show! Joshua Stop Chasing Influencers: The True Path To Building Your Business ...
289-The Impact of Your Behavior on Your Financial Results: Interview with Carl Richards, author of The Behavior Gap and The One Page Financial Plan
February 03, 2016 01:05 - 1 hour - 54.7 MBWhat makes a bigger difference on your financial outcome: the behavior of your investments or the behavior of you, the investor? Today I have an awesome interview for you with Carl Richards, author of "The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money" and "The One-Page Financial Plan: A Simple Way to Be Smart About Your Money." Both books are well worth your time. In addition to being a financial advisor, Carl is the awesome dude behind the Sketch Guy column in the New Y...
288-A Perfect Buy vs. Rent Case Study and Analysis
February 02, 2016 03:37 - 35 minutes - 28.7 MBThis weekend a friend of mine asked me for my input on whether they should continue renting their townhome or buy an equivalent unit. It's almost the perfect, real-life case study to consider: practically identical units current market prices real numbers to analyze. I seized the opportunity to talk it through and run the numbers. Enjoy! Joshua www.studentloanshow.com/radical www.tradeking.com/radical https://onlineinvestingconference.com/online-investing-conference-content8292jpj...
287-Drive for Free by Fueling Your Car with Wood: Interview with Chris Saenz and Wayne Keith from DriveOnWood.com
January 28, 2016 20:43 - 35 minutes - 28.3 MBLow gas prices have you cheering? Good! But what about when they go back up? Do you have a plan for that? How cool would it be if you could use a fuel other than gasoline in your car? You can! You can run it on wood. My guests today are experts on exactly that. Chris Saenz and Wayne Keith run the website www.DriveOnWood.com Wayne holds a number of world records of driving entirely on woodgas including fastest speed, longest distance, etc. Enjoy learning how to drive for free! Joshua ...
286-My Review of the "Building Wealth One House at a Time" Seminar by John Schaub
January 28, 2016 00:35 - 48 minutes - 38.8 MBI had the opportunity to attend John Schaub's "Building Wealth One House At a Time" seminar in Sarasota, FL on January 16 & 17, 2016. I've been a fan of Schaub's work for quite a while. After reading his books and many others, I decided that his approach and plan is the approach to real estate that's right for me. So I went to the seminar. I was extremely impressed with the seminar. It was exactly what I hoped it would be. In the show today I share with you: the fundamentals of John's a...
285-What Does Financial Fraud Smell Like?
January 26, 2016 21:10 - 55 minutes - 44.1 MBWhen I was younger I was easily duped by the financial fraudsters that seek to build their empires by deceiving people. Thankfully, I never had any major financial losses, but I was definitely hurt when I discovered how gullible I was. Since then, I've developed some slightly better skills for sniffing out fraud and questionable advice. And in today's show, I share some of my tips with you. I hope that together we can continue to develop our own skills of critical thinking and spread those...
284-Job Free: Four Ways to Quit the Rat Race and Achieve Financial Freedom on Your Terms-Interview with Jake DeSyllas
January 25, 2016 22:08 - 1 hour - 57.9 MBMost of us in the Radical Personal Finance community are pursuing our own financial independence. And most of us want to get there as quickly as possible! But, most of us only have one idea of one way to get there. Did you know there are a bunch of different ways to go job-free and gain financial freedom! I'm excited to bring you my interview with Jake Desyllas, author of "Job Free: Four Ways to Quit the Rat Race and Achieve Financial Freedom on Your Terms." If you have any interest in ev...
283-Nine Benefits of Having a Job!
January 22, 2016 22:34 - 36 minutes - 29.3 MBI talk a lot about business, entrepreneurship, and freedom on Radical Personal Finance. But I probably give short shrift to the incredible benefits of having a job! Our jobs usually provide the foundation we need to support our families, satisfy our responsibilities and obligations, and save the money we need to invest! Today, I share with you 9 benefits I came up with for having a job! Enjoy! Joshua Scratch Beginnings: Me, $25, and the Search for the American Dream Build a business b...
282-How to Effectively Handle Money Together as Husband and Wife: Interview with Talaat and Tai from His and Her Money
January 19, 2016 21:06 - 43 minutes - 34.9 MBManaging money by yourself can be a real challenge. But managing money with your spouse can feel so much harder! But does it have to be that way? Today I have Talaat and Tai from www.HisAndHerMoney.com on the show to discuss the topic with me. They have some deep experience and insight to share with us. Enjoy the show! Joshua Talaat and Tai's website: www.HisAndHerMoney.com Join their www.SmartMoneyCouples.com community! Get clear on your goals by meeting with a financial advisor! www...
281-Why I've Chosen to Invest in Real Estate
January 18, 2016 21:52 - 1 hour - 51.9 MBThere are three things we control with regard to wealth building: how much we make, how much we spend, and the rate of return we earn on our investments. Those are the only three things you can change and affect. And they're the three things that will make the difference in how wealthy you become. My personal investment strategy has changed and developed over the years. But, going forward, I've decided to invest in real estate. In today's show I share with you some of the back story and s...
280-Making the Transition to Retirement: Interview with Fritz Gilbert from The Retirement Manifesto
January 15, 2016 03:35 - 1 hour - 52.3 MBTonight I'm pleased to bring you an interview with Fritz Gilbert from the website: www.TheRetirementManifesto.com. Fritz is an awesome guy who is just a couple of years away from an early retirement! He's here today to share with us his wisdom and perspective on making a successful transition to retirement. Enjoy the show! Joshua Refinance your student loans and get a $200 bonus! www.radicalpersonalfinance.com/sofi Make this the year you write your book! Contact publishing coach Patri...
279-Get Paid To Adventure Travel the World With Your Family and Still Save a Ton of Money! Interview with Sara Miner
January 13, 2016 18:39 - 46 minutes - 37.4 MBMany people dream of saving enough money to travel the world. But what if there were a way to get paid to travel the world? There is. It's not a pipe dream. In fact, there's not just one way. There are many, many ways! In today's show we speak with Sara Miner. Sara is a longtime listener and supporter of the show and she and her husband get paid handsomely to do work they care about in adventurous locations around the world. I invited her on to the show to share her story and advice. E...
278-What Do You Do When You're Trapped in an Upside Down Car Loan?
January 12, 2016 21:25 - 29 minutes - 23.8 MBToday, we cover this question from a listener: Joshua, I know you get a lot of questions, but I was wondering if you have a radical way to get out of an upside down car loan. I do financial coaching for people in our church who have requested benevolence, and most of them have large car payments - e.g. Someone owes $25,000 on a car worth $15,000. I cannot find a solution that is good (and maybe there is none). Dave Ramsey says borrow the difference so you have a smaller loan, but by t...
277-Early Retirement FAQs: How Do I Plan For Inflation? Interview with Joe, AKA. Arebelspy (who just retired at 30 on a schoolteacher's salary)
January 08, 2016 21:15 - 1 hour - 74.5 MBToday we continue with our "Early Retirement FAQ" series with Arebelspy by tackling the topic of inflation! How do you manage inflation risk in retirement? And, even more important, how do you manage inflation risk in very early retirement? This topic is especially important to Arebelspy because he and his wife just retired at the age of 30 and are now traveling the world together! (Even cooler, they did it while earning schoolteacher salaries!!!) Enjoy! Joshua Save money on your debt pa...
276-Why This Financial Planner Refuses to Save Money for His Kids' College
January 07, 2016 18:26 - 1 hour - 49.8 MBRecently I received this personal note from a personal friend of mine: "My wife suggested I reach out to you for advice as we plan to start saving for our soon-to-be-born-son's education. Hard to believe it's going to be just a few weeks now. I've looked into our state's 529 plan, but wasn't sure if there were better options. Any advice would be greatly appreciated." My advice in response was simple: don't set up a college plan for your young child. It's a bad idea and a poor use of mon...
275-Selecting a Brokerage Company for Your Stock Ownership & Trading: Intro to Our New Sponsor TradeKing
January 05, 2016 22:07 - 26 MBI'm excited to launch a brand-new sponsor here in the new year! Our new sponsor is TradeKing. You should be familiar with the TradeKing name--I previously interviewed the CEO, Don Montanaro, on Episode 240 of the show. I sat down with Don in his Ft. Lauderdale office and we talked about the brokerage business and business model. We discussed: TradeKing's history The competitive landscape of the brokerage business The value proposition for brokers If you'd like to open a trading accou...
274-You Can Become and Stay Wealthy If You Focus On Systematically Developing and Perfecting the Simple Skills of Wealth
January 04, 2016 21:58 - 30.7 MBOne of my major breakthrough moments in life occurred when I learned that success skills were simply that: skills. The same applies to wealth. Success and wealth are not accidents. People are not wealthy by chance, happenstance, or accident. People become wealthy because: 1. They unconsciously learned the knowledge and applied the skills of wealth; or, 2. They self-consciously learned the knowledge and applied the skills of wealth. For me, that concept was incredibly helpful. As we begin...
A Brief Christmas Card from Me to You
December 18, 2015 18:24 - 17 minutes - 14.1 MBHey Radicals, I'm in the process of shutting the show down for 2015 and heading off for the holidays. Before I go, I simply want to share a personal greeting with you and a few quick, encouraging thoughts. Listen to the episode! Merry Christmas to you and yours. May you and your family be richly blessed this holiday season and may 2016 be your best year ever! Love, Joshua
273-Three Budgets You Should Establish for 2016: Time, Money, and Food
December 17, 2015 21:09 - 1 hour - 52.5 MBThe skill of budgeting is one of the major skills that drives the level of success you achieve in life. But it's a skill that's not only applicable to money but also to other areas of life. In today's show I share with you my ideas on budgeting: How budgeting is applicable to many areas of life, not only money. The three major stages of budgeting. Big ideas on concepts that are applicable to all kinds of budgeting. Three types of budgeting tools. Enjoy the show! Joshua Do you have st...
272-A Proven Strategy to Increase Your Income in the Next Year
December 15, 2015 17:55 - 52 minutes - 41.7 MBI was honored with a very cool mention in a New York Times article yesterday (link below) and I thought it a perfect time to build on the subject of how to increase your income! In today's show, I share with you my complete framework for increasing your income. The show is heavy on strategy--you'll have to fill in the specific tactics appropriate for your situation. We cover: The only 3 ways to increase your income. Which to focus on in the short-term and which to focus on for the long-t...
271-Achieving Financial Independence at a Crazy Young Age! Interview with Mike and Lauren from www.MikeAndLauren.com
December 11, 2015 11:21 - 1 hour - 48.2 MBI enjoy YouTube. But it's tough to find a good personal finance YouTube channel! Thankfully, there's at least one! My guests today are Mike and Lauren. They are awesome personal finance and early retirement YouTube personalities. We were able to connect for an interview at #FinCon15 so that I could bring you their story. Why should you listen? Well, perhaps you'd like to know how they're on track to retire by the age of 30 even though they never made a ton of money or sold a business. I...
270-Myths & Facts: 9 Things I Used to Believe (and Teach) About Home Ownership That I No Longer Believe
December 09, 2015 19:47 - 1 hour - 50.8 MBFollowing up on yesterday's show, I share with you today 9 myths surrounding the topic of home ownership. These are things that I used to believe and I learned (through the process of owning my own home) that I was wrong. Learn from my mistakes and consider how many of the things we commonly believe about home ownership might not be quite so true as we wish! Enjoy! Joshua Do you have student loans? I strongly recommend you sit down for a consultation with Jay Fleischman, host of the Stu...
269-Why We Sold Our House and Moved Into a Rental Apartment!
December 09, 2015 03:23 - 1 hour - 51.4 MBThis past Friday we closed on the sale of our house. We owned it for just under three years. When we bought it we had intended to own it for 40 years. Why did we sell? The full story is here in this episode of the show! Check it out and learn from our successes and our failures! Joshua Are you interested in working with a financial advisor? Start your search here! www.radicalpersonalfinance.com/paladin Get a budgeting plan in place before 2016 arrives! Download a free copy of YNAB: www...
268-Training Your Kids for Financial Responsibility: Interview with Rocky Lalvani from Richer Soul
December 04, 2015 21:59 - 1 hour - 51.8 MBMany of us have made mistakes on our way to financial stability. Hopefully we've learned from those mistakes--but wouldn't it be fantastic if we could help the next generation to avoid some of those mistakes? My guest today is Rocky Lalvani. He's a long-time listener of the show, contributor, and Patron. We connected in-person at #FinCon15 and sat down for this interview! Rocky has an awesome immigrant rags-to-riches story that you'll enjoy. He also has a depth of experience in training hi...
267-Automate your Spreadsheets and Simplify Your Accounting with Tiller: Interview with Peter Polson
December 02, 2015 18:06 - 58 minutes - 46.6 MBWhile I was in Charlotte for #FinCon15, I connected briefly with a man named Peter Polson who told me about a new tool he had built to automate the creation of financial spreadsheets. After I got home I signed up for his service and started testing it. I like it! And I think some of you will find it very useful. The Tiller service is a way to automate the import of financial data to your spreadsheets. This eliminates the most time-consuming part of creating spreadsheets and opens up a worl...
266-Financial Independence in Your 20s Without Missing a Party! Interview with Martin Dasko from Studenomics
November 25, 2015 11:00 - 43 minutes - 35.2 MBDoes being frugal and building financial independence mean that you can't have any fun? And, is it possible to get through college on a budget and still have fun? Today we have a fun discussion with Martin Dasko from the personal finance blog Studenomics. Martin has an awesome approach to teaching young men and women how to build financial independence without missing a party! Enjoy! Joshua Martin's site: http://studenomics.com/ Need a financial advisor? Start here: www.radicalpersonal...
265-Why Passive Investing and Index Funds are the Only Right Way to Invest: Interview with Rick Ferri from Portfolio Solutions
November 24, 2015 19:32 - 55 minutes - 44.4 MBIt's easy to jump into holiday mode, but don't jump just yet! Let's keep our work boots on and learn just a little bit about investing today before we get into the Thanksgiving holiday. My guest today is Rick Ferri, founder of a company called Portfolio Solutions. Rick is a really great guy and a real expert at investing and portfolio construction. You'll hear his detailed background in the show and I think you'll come away from today's episode with a deeper sense of respect for what he's ...
264-How to Cut the Interest Rates on Your Student Loans by Refinancing with Sofi: Interview with Dan Macklin, Co-Founder of Sofi
November 24, 2015 03:12 - 47 minutes - 38.3 MBToday on Radical Personal Finance I'm pleased to introduce you to a brand-new sponsor! And, it's a sponsor who will help you save some cash! I've been aware of SoFi for quite awhile and they were high on my list of brainstormed potential sponsors for the show. I was finally able to connect with them at #FinCon15 in Charlotte this year and to hammer out the terms of a sponsorship agreement. SoFi is a very cool new company that is bringing real innovation to the lending space. They got their...
263-Q&A: Recording of the Live Patron Q&A Conference Call
November 21, 2015 04:37 - 1 hour - 49.5 MBDuring October and November I've been doing a weekly conference call with Patrons of the show. We've been talking about all kinds of interesting subjects! On today's call we chatted about: disability insurance (including disability overhead expense insurance and cash indemnity long-term care policies) investment planning the politics of money and more! Enjoy! Joshua Have student loans? Before you do anything else with your loans, sit down for a review with Jay Fleischman. www.stude...
262-How Risky is Your Income? Applying the Concepts of Diversification to Wages and Profits
November 19, 2015 21:43 - 40 minutes - 32.1 MBWe talk a lot about diversification within the context of investments. But what about diversification of your income? After all, how risky is it for you to depend on a single source of income to fund your life and lifestyle? The paradox is this: the more specialized you become in your career, the more you can earn. But the more specialized you are, the riskier your income is! The challenge is for us to figure out how to reconcile these two things. Today, I share my thoughts on the subjec...
261-Getting Rich with Real Estate...and Then Getting Richer With Business! Interview with Josh Dorkin, Founder of Bigger Pockets
November 17, 2015 16:00 - 1 hour - 50.8 MBBiggerPockets.com is the largest real estate resource online--perhaps in the world. Today we have Josh Dorkin, the founder of Bigger Pockets, on the show to share the story with us. The story is a classic case of an entrepreneurial endeavor gone well. Sit back, pay attention, and learn the lessons and themes of how one person went from struggling real estate investor to become king of a real estate empire. Enjoy! Joshua Bigger Pockets: www.biggerpockets.com Do you have student loans? ...
260-An Introduction to Trusts in the Context of Estate Planning
November 16, 2015 19:58 - 40 minutes - 32.2 MBThe word "trust" has a bit of a mystique in the modern financial world. It's a word that everyone knows (we all know a "trust fund kid") but few people understand and even fewer understand accurately. Trusts are both simple and complex. They're simple in concept but can be quite complex in application. Today I share with you some basic background on trusts and trust planning. I also share with you some thoughts regarding the use of a revocable living trust within the context of your pers...
259-What's It Like To Actually Hit Financial Independence at a Shockingly Young Age? Interview with Brandon (the Mad Fientist) and Jill
November 13, 2015 23:39 - 58 minutes - 46.7 MBWouldn't it be cool if you could work really hard for a few years, save aggressively, and then quit your job and travel the world? Today's guest has done just that. Today I have Brandon, the Mad Fientist, and his wife Jill on the show! Brandon recently hit his Financial Independence number and he and Jill hit the road for some long-term travel. Enjoy this interview where we dig into what's great about financial independence and what ain't so great. Enjoy! Joshua Brandon's website: http...
258-Do You Have Student Loans? Here's What You Need to Do! Interview with Attorney Jay Fleischman, Host of the Student Loan Show
November 10, 2015 22:57 - 1 hour - 60.7 MBI'm thrilled to bring Jay Fleischman back on the show. Jay was a guest on Episode 214 of the show and it was a popular show and I received a lot of great feedback. Most importantly, I learned a ton from the interview! Today, Jay and I tackle the actual process of analysis. If you have student loans, Jay gives you the step-by-step action plan for what you need to do in order to analyze your options. We're also launching Jay as the newest sponsor of Radical Personal Finance. He's a perfect ...
257-The Four Major Estate Planning Documents that Everybody Needs: a Will, a Living Will, a Medical Power of Attorney, and a Durable Power of Attorney
November 06, 2015 15:16 - 33 minutes - 27.4 MBEver wondered about the basics of estate planning? Today's show is a simple overview of the major estate planning documents. We talk about wills, living wills, and powers of attorney and discuss what they mean and why they're important. This is not a technical deep-dive; this is a light and friendly overview. Enjoy the show! Joshua Do you have a question you'd like me to answer about estate planning? Ask me here! http://rpf.link/1RBBZIW Support Radical Personal Finance on Patreon! http...
256-Escaping a Lifestyle of Drudgery for a Lifestyle of Freedom as an Itinerant Writer: Interview with Jeff Goins, Writer
November 05, 2015 16:40 - 52 minutes - 42.1 MBMany of us are focused on the primary goal of transitioning from work that doesn't suit us to work that does. After all, if we can solve the work conundrum, our lifestyle can be massively improved even if we're not yet rich! My guest today is Jeff Goins and he has blazed the trail ahead of us and has successfully made the transition to a career he loves. Even better, he's written a book on how you can do the same thing! Enjoy the interview and the learning! Joshua Jeff's site: www.Goins...
255-How To Decide if You Should Repair Your Car or Replace It
November 04, 2015 21:08 - 38 minutes - 31.2 MBIt happens to so many people: your car breaks down at an inconvenient time and you're facing a massive repair bill. The stress starts to mount and you find yourself wondering--should I just go out and buy a new one? Or, sometimes worse, you feel like every other week you're flushing money down the drain to fix your car and you're getting tired of it. Feeling totally frustrated, you're tempted to trot out and assuage the headache with a new car. Should you do it? How should you try to asse...
254-Get Rich Slowly and then Get Rich Fast: Interview with JD Roth, the Godfather of Financial Blogging
November 02, 2015 17:00 - 1 hour - 61 MBI had the opportunity to connect with JD Roth, one of the most well-known personal finance bloggers in the industry while I was in Charlotte, NC at #FinCon15. We had a great interview. We talked in detail about JD's personal story with finance and how he set out to Get Rich Slowly--and wound up getting rich fast. We also talk about the great things and not-so-great things that resulted from the journey! Enjoy the interview! Joshua JD's current project: www.MoneyBoss.com You Need a Bu...
253-Q&A: Recording of the Live Patron Q&A Conference Call
October 27, 2015 18:38 - 1 hour - 90.7 MBToday I'm sharing with you the audio from the live conference call I recently hosted for all the Patrons of Radical Personal Finance. This was a super-fun experience for me! Having the live interaction was fun. Topics included: social capital entrepreneurship long-term care insurance investing career development and more! Enjoy! Joshua Sponsor: Interested in publishing a book? Call my publishing coach, Patrick Snow, the Publishing Doctor! Start at http://thepublishingdoctor.com an...
Out & About: "Radical Thoughts on Life Insurance" (Joshua's Appearance on Martinis and Your Money with Shannon McLay)
October 26, 2015 18:58 - 1 hour - 74.6 MBShannon McLay from the "Martinis and Your Money" podcast invited me on her show last month to talk about life insurance as part of "Life Insurance Awareness" month. Enjoy this interview with me where I share all of my advice and thoughts about how to approach the life insurance situation. The original interview with Shannon appears on her site here: http://financially-blonde.com/radical-thoughts-on-life-insurance/ Joshua
252-Market Yourself with the World's Greatest Marketing Tool: Your Own Book! An Interview with Patrick Snow, the Publishing Doctor
October 22, 2015 21:39 - 1 hour - 51.2 MBHave you ever thought about writing a book? If you have, you're part of the 80% of Americans that dream of doing just that! But how do you go about it? And, perhaps more importantly, why should you consider it? Today I present to you an interview with my personal publishing coach, Patrick Snow. Patrick is an international best-selling author, professional speaker, publishing, speaking, and book marketing coach. He's already been tremendously helpful to me as I work on my first book and I...
251: Annuities: An Intoduction to the Types and Uses of Annuities
October 20, 2015 20:02 - 1 hour - 65.1 MBLet's put our work boots on today and dig into some of the science of financial planning. We've been doing a lot of fluffy, motivational-type stuff on Radical Personal Finance recently. That stuff is really valuable but it needs to be tempered with some serious knowledge. Today, let's talk about annuities. Annuities get a bad rap in the financial marketplace. And rightly so. They've been shamefully misrepresented, oversold, and abused by many insurance agents. But do they have a place? Ca...
250-How the Wisdom of Chess Can Make You a Grandmaster of Investing: Interview with Douglas Goldstein, author of Rich as a King
October 19, 2015 19:26 - 1 hour - 73.2 MBWe've generally been trained how to think about finance by the financial services industry. Their plan for your finances? Well, each step involves a financial product of some sort or another. But what if we think a little more strategically? Could we get better results? I think so. After speaking with today's guest, Doug Goldstein, I think that the metaphor of chess is a good way to train our thinking. Doug is the co-author of a book titled: Rich as a King: How the Wisdom of Chess Can Ma...
249-How Dual-Income, High-Earning Couples can Lower Their Income Taxes
October 14, 2015 18:06 - 1 hour - 53.5 MBOne of the benefits that $200/mo. Patrons of Radical Personal Finance get is being able to choose a topic of the show. Here's the note that prompted today's episode: Joshua, Double income medium- to high-earning couples frequently ask me how to lower their taxes (the second income is at a higher rate of >28%, plus state 3.75% and social security 7.65 or 40% all in). I don't have a lot to tell them: -calculate whether it's worth it for second spouse to work ('Money or Your Life' style-af...
248-One Great Way to Start Your Search For a Financial Advisor: Interview with Jack Waymire, Founder of the Paladin Registry
October 06, 2015 17:27 - 1 hour - 62.6 MBThe most challenging question that I get asked on Radical Personal Finance is this: "Joshua, how do I find a great financial advisor?" It's hard because there are great advisors at most (all?) firms and there are terrible advisors at most (all?) firms. More importantly, there are different advisors for different stages of life and different levels of need. Unfortunately, all these get lumped together under the term "financial advisor," which is, itself, a non-specific and mostly useless ...
247-Friday Q&A: Online Savings Accounts, Commission-Free Life Insurance, Why Don't I Have a CIMA Designation, Would I Do A Daily Podcast Again, Should I Max My 403(b) or Save for a Down Payment, 529 Plan for Myself, and Thoughts on Leveraged Index Funds
October 02, 2015 16:00 - 51 minutes - 40.9 MBAfter a way-too-long hiatus, Friday Q&A is back! On today's show, we cover: Online Savings Accounts Commission-Free Life Insurance Why Don't I Have a CIMA Designation Would I Do A Daily Podcast Again Should I Max My 403(b) or Save for a Down Payment 529 Plan for Myself, and Thoughts on Leveraged Index Funds Enjoy! Joshua If you don't already use the YNAB budgeting software, download a 30-day free trial and try it! I think you'll love it. http://radicalpersonalfinance.com/YNAB If yo...
246-You Need a Budget and Here's the Best Way for You to Make One! Interview with Jesse Mecham, Founder of YNAB
October 02, 2015 02:04 - 58 minutes - 46.8 MBSometimes you discover something that's been out there for years and you want to smack yourself in the head for not tuning in to it sooner. That's how I feel when it comes to YNAB. (For the uninitiated YNAB stands for You Need A Budget.) I used YNAB years ago and my response at that time was, "ho-hum." I then proceeded to ignore it for the next 6 years to my own detriment. Bummer. I wish I'd paid more attention! I was reintroduced to YNAB by my own listeners (the full story is in this epis...