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Radical Personal Finance

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West Palm Beach, FL


Joshua Sheats from Radical Personal Finance reveals all of his best ideas for personal financial planning, saving money, and achieving financial independence. Discover how you can lower your tax bill, cut your expenses without sacrificing your lifestyle, and significantly increase your time and freedom to live the life you love through a greater knowledge and understanding of all aspects of personal finance and money management. Join us as we study the outliers of society. We’ll investigate all types of financial strategies--from the habits and strategies of a homeless person living in their car to the complex and advanced financial techniques used by deca-millionaires and billionaires. Saving, investing, insurance, tax planning, estate planning, goal setting, lifestyle design, passive income--they all work together to help you better understand how to build wealth and long-term financial security and financial independence. From the basic, foundational ideas and knowledge to the advanced and highly technical, we’re going to be radical in learning how to win with money.






483-This Too Shall Pass: Keep Pressing Forward

I'm just wrapping up a week and I've been off the mic for all of it due to being sick. Wanted to share with you a short motivational monologue to encourage you to keep pressing forward in the challenges you're facing today. This too shall pass. Joshua

Duration: 00:18:35

[REPLAY] How to Protect Your Financial Privacy and Keep Your Accounts Secure: Interview with Justin Carroll from the Complete Privacy and Security Podcast

I've been sick most of the past week and am especially struggling with my throat/voice. When Joshua no speak, RPF no happen. (And of course that's a good reminder of the value of disability planning!) So, in light of the Equifax breach, I'll issue this replay for you. If you skipped this episode when it originally aired as Episode 461, don't skip it now. Enjoy. Joshua

Duration: 01:50:07

482-The Equifax Data Breach: Background, How It Affects You, and the Minimum Steps You Need to Take to Protect Yourself

Today we tackle the Equifax security breach. This is the most damaging release of personal information ever. And you need to take it seriously. You must assume that you have been affected. At this point, I see no reason to even trust the official Equifax website. Here's...

Duration: 00:57:49

481-Where Should I Keep My Emergency Fund?

I was inspired to do this show by watching a recent conversation thread in the RPF Facebook Group about where to store your emergency fund. I thought it'd be fun to share with you the things I think about with regard to emergency fund storage. Enjoy the show! Joshua www.radicalpersonalfinance.com/patron

Duration: 01:36:48

How we Fared in Hurricane Irma (personal)

Hey Radicals! Thank you to so many of you who have inquired of our health and safety following Hurricane Irma. Here's my personal report for you! Short version: we are well. :) Joshua

Duration: 00:22:27

480-Hurricane Irma Musings: The Thin Veneer of Civility and the Thick Adjustability of our Modern Shipping System, Storm Preps, and More

I've been busy today preparing for Hurricane Irma here at the Radical Personal Finance Global Headquarters. At the moment, the National Hurricane Center forecasts the eye of the storm to pass squarely over HQ. So, I thought I'd record a podcast and share a few things with you: https://www.linkedin.com/pulse/inside-story-what-took-keep-texas-grocery-chain-running-chip-cutter Gotta run! Lots to do... Joshua

Duration: 00:48:47

479-Friday Q&A: What Should a New Expatriate Do With Their Investment Money, What To Do With an Old Pension, How Should a Newlywed Approach the Rent or Buy Question

It's Friday! On Fridays we do a live Q&A show. Today we cover: If you'd like to join me for a future Q&A show, sign up to be a Patron at www.radicalpersonalfinance.com/patron Joshua

Duration: 00:47:54

478-The Utility and Morality of Price Gouging

Whenever there's a natural disaster, we have various articles on price gouging's lamentability, to wit, it's harmfulness and illegality. But, is it really bad? I say not. "Price gouging" (or, more accurately stated, the adjustment of market prices to meet changing demand) has tremendous utility for the well-being of all involved and is absolutely upright, moral, and ethical. Of course, this guy says it's wrong, morally and economically. I deal with his "arguments" in the...

Duration: 01:36:02

477-Practical Financial Planning for Large-Scale Disasters Like the Houston Floods

I've been watching the #HoustonFloods this weekend and considering the lessons I can learn for my own disaster planning. Today, I share some useful ideas for you about how to plan for events like the Houston Floods. Joshua Episode 381 - Simple, Cheap, Practical Tips to Help You Prepare for a Coming HurricaneEpisode 347: Disasters Happen – Make a Plan Now to Ensure You Have Plenty of Money Available to You to Solve the Problems Money Can Solve

Duration: 00:52:53

476-Pathways to Financial Freedom (in 10 years or less): Expediter Trucking (and other live-on-the-job opportunities)

Yesterday I was watching the solar eclipse (up north in the 100% band) and I happened to have breakfast with an expediter. Not sure what that is? Basically, a truck driver who drives a van. (More in the audio show.) As we ate, I tried to lay out a few paths on how he could become financially free based on his current work. And, I promised him a show on the topic. So, you get to listen in as I tell him--and you--how any normal person can use a live-on-the-job opportunity as a...

Duration: 00:40:48

475-Friday Q&A: Should I ReFi My CC Debt with a HELOC, Does Passion for a Job Come After You Have Experience, Should I Dump The Military Survivor Benefit Plan in Favor of a Whole Life Policy?

Time for Friday Q&A! If you'd like to join for a future show, sign up here: www.radicalpersonalfinance.com/patron Today, we cover: Enjoy! And remember! I have 27 seats remaining for the new Radical Personal Finance Guide to Career & Income Planning. If you're interested, I'd love to have you in the class. Join here: www.radicalpersonalfinance.com/career Joshua

Duration: 01:11:10

474-The Interplay of Human & Financial Capital, Wages & Profits, Rents and Business

As I celebrate the opening of the registration page for the beta launch of the new Radical Personal Finance Guide to Career & Income Planning, I intend to share with you a few simple lessons related to career and income. Today, we begin with the philosophical fundamentals: the interplay of human capital and financial capital. We all start with what we have (human capital) and use it to create financial capital, which we ultimately work to have in surplus. Once we have surplus, we get to...

Duration: 00:36:22

473-What's Wrong With Radical Personal Finance?

I've had a tough summer. I have nothing to complain about. I've been richly blessed and, in almost every way outside of Radical Personal Finance, life has been sweet. But, RPF hasn't been so great for me. And, if it hasn't been so great for me, it might not have been so great for you either. I thought you might appreciate hearing the explanation and the story. It's important to me to share the good and the bad--the heights and the lows--with you in order to help you understand that we...

Duration: 01:22:36

472-Friday Q&A: Can I Have Both a SIMPLE IRA and a Traditional IRA, What Personal Finance Books Does Joshua Recommend, What Three Investments Would I Buy To Leave Alone for a Decade, What Are the Rules of Thumb for Who Should Buy Long-Term Care Insurance

On Fridays we do a live Q&A which is open to Patrons of the show. Become a Patron at www.RadicalPersonalFinance.com/patron Today we cover: Joshua

Duration: 00:56:41

471-Friday Q&A: What's the Best Type of Retirement Plan for my Wife's Side Business, How Can I Help My Sister-in-Law Who is Asking me for Financial Advice, Should I Pay Off My Debt as Fast as Possible or Save Up and Pay it Off in Large Chunks?

On Fridays, I host a Q&A call. Patrons of the show are invited to call in and ask any question they want! Today, we cover: Joshua www.radicalpersonalfinance.com/patron

Duration: 00:52:25

470-The Danger of a Financial Plan Built on Extremely Low Spending Projections

There's been an interesting switch in the world of personal finance wherein some people are building financial plans based on extremely low spending projections. In essence, some people assume that if they can live on an extremely low budget per year today, they can build a long-term financial plan predicated on maintaining that spending forever. I think this is a dangerous assumption. And, in today's show, I explain why. Joshua www.WunderCapital.com/radical

Duration: 00:35:45

469-Friday Q&A: Is It Legit That You Can Find Missing Money That's Still Unclaimed, Should I Take Free Housing With a Longer Commute, How Do I Deal With Massive Medical Bills, Do I Need a Personal Insurance Agent, and What Three Books Would Joshua Take to

Welcome to another Friday Q&A Show! Today, we cover: If you'd like to join me for a future Q&A show, become a Patron of the show at www.radicalpersonalfinance.com/patron Joshua www.HelloFresh.com

Duration: 01:25:25

468-Friday Q&A: How does an LLC Protect My Liability and Help Me Save on Tax, How Can I Lower My Tax Bill on the Sale of My House

Friday Q&A is back! Today: If you'd like to participate on a future show, sign up here! www.radicalpersonalfinance.com/patron Joshua

Duration: 00:44:46

467-Debt: Should we Measure it Based on Financial Risk or Lifestyle Risk?

I've long struggled to know how to advise people with regard to debt. On the one hand, the use of debt can dramatically increase the financial returns of an investment. On the other hand, debt can have a dramatic negative impact on the lifestyle of the borrower when everything goes wrong. So, how do we reconcile these two things? I've come to see that they're two entirely different scales. Because they are two totally different scales (think: how do kilograms and degrees Fahrenheit...

Duration: 00:35:31

466-The USA's Long-Term Fiscal Gap and Why It Matters to You (America’s Fiscal Insolvency and Its Generational Consequences by Professor Laurence Kotlikoff)

I've alluded to my long-term guess that the US Government will default on many of its current promises. But, I've never really supported that argument. I thought I'd kick that support off today by sharing with you a succinct and coherent description of the problem by reading Professor Laurence Kotlikoff's testimony to the Senate Budget Comittee in 2015. Enjoy, Joshua http://www.kotlikoff.net/sites/default/files/Kotlikoffbudgetcom2-25-2015.pdf www.radicalpersonafinance.com/patron

Duration: 00:43:27

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