Radical Personal Finance

Latest Episodes:

436-The Most Valuable Lessons I Learned As a Financial Advisor: #1 Don't Wait for the Business to Come To You...You Go Find It! Mar 13, 2017

Show notes

I learned about business and money during my six years working as a financial advisor than at any other time period in my life.

Today I'm kicking off a series sharing some of the lessons that have most deeply impacted me. I'll share both the lessons I learned from business as well as the lessons that I learned from working with hundreds and hundreds of clients.

Lesson Number 1 is simple: Don't wait for business to come to you; go find it!

Joshua

Looking for a financial advisor? Start here: www.radicalpersonalfinance.com/paladin
Please support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

435-Plan Your Weekend--This Weekend--Like You Plan Your Workweek Mar 10, 2017

Show notes

It's Friday. Pay attention. That means the weekend is here. Have you planned and scripted it out for maximum results? Do it.

Love you,

Talk next week...

Joshua

434-Radical Lifestyle Stories: How this Filipina Immigrant Named Ruby is Pursuing Financial Independence in Less Than 10 Years Mar 08, 2017

Show notes

My guest today is a lady named Ruby. We met at Camp Mustache SE 2017 a couple of months back and I got to hear her immigrant story! She and her husband are both recent immigrants to the United States and they are aggressively pursing financial independence.

Enjoy her story!

Joshua

Please support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

433-Eighteen Simple, Free (or Very Cheap) Ways to Protect Your Financial Security and Privacy Mar 07, 2017

Show notes

I've been thinking about computer and data security this weekend and I decided to run with that theme for today's show. I've compiled a simple list of 18 tips for you to enhance your financial security and financial privacy.

These range from the simple (#1 is for you to cover your PIN code with your hand) to the contentious (#10 is my advice as to whether you get greater security from using a credit card or a debit card).

But, they're all useful and free (or at least nearly free).

Enjoy!

Joshua

Looking for a new financial advisor? Start your search here: www.radicalpersonalfinance.com/patron
This is the Access Denied RFID blocking wallet that I have. http://amzn.to/2mZcZCJ
Here's a ladies version of the Access Denied wallet. http://amzn.to/2md0a7K
RFID blocking sleeves for your credit cards: http://amzn.to/2lPCcOm
This is the MobileSec Cell Phone Blocker bag I mentioned: http://www.mobilesecsolutions.com/cell-phone-blocker
I own this Amazon Basics paper shredder. It works really well http://amzn.to/2mPwiBy

432-Gwen (A Fiery Millenial) Gives Her Take on Financial Independence and Early Retirement for Millenials Mar 03, 2017

Show notes

My guest today is Gwen, writer at www.FieryMillenials.com She is a hardcore saver who is working her tail off to reach financial independence and to teach others through her story.

This is an ideal follow-up to yesterday's advice to my 22-year-old listener.

Enjoy!

Joshua

Please Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

431-How a 22-Year-Old College Grad Should Prioritize Their Steps Towards Financial Independence Feb 28, 2017

Show notes

Today I answer this listener question:

Hi Joshua, I am a 22 year old recent college graduate. I have since landed a job and have been working for about 4 months now. Prior to graduating college, I was much less educated on money matters and hardly mindful about my personal finances. Upon graduating, I realized that I knew next to nothing about budgeting, saving, investing, and growing wealth. Additionally, many technical terms and aspects of finance confused me. Since I was going to be getting a "real job" soon and making more money than I ever have before, I decided to self-educate and rid myself of financial ignorance. I began reading books, blogs, watching YouTube videos, and listening to podcasts. I now find myself in a much better position to make sound monetary decisions. Here is my current situation: I live at home with my parents rent free. I am extremely fortunate to have no debt from college. I have no debt. I work a full time job and save virtually all of that money. I work a part time job and use that money as my "spending money." Essentially, I am blessed to have a blank slate coming out of college. The downside of my equation is that my full time job does not pay particularly well ~$31,000 a year and I live in an area with a high cost of living (northern VA). Do you have any advice for someone like me who is just getting started in the real world and wants to begin a path to financial independence? I do realize that a huge step would be to find a better paying job – I am working on that. However what would you suggest that I do in the meantime to add additional income and begin my journey to FI? My goal is not to make this all about making more money, but rather to position myself in such a way that I can live life the way that I want. ALSO I want to be in a position where I can easily provide advice and assistance to those who are less well off than I am. Thank you in advance for any advice that you can provide!

Enjoy!

Joshua

Please support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

430-Should A Retiring Naval Officer Invest in Real Estate or Do Something Else? Feb 27, 2017

Show notes

Today, I answer this question from a listener:

Joshua- Fan of the show and a Naval Officer. I have some questions on overall investing strategy. I have close to 17 years in the Navy and will likely retire at 20 with a full pension (about $55k/year before taxes), currently have $440k in retirement savings for my wife and I split between Roths and TSP, have over $140k in college savings for my 2 kids (8 and 10 year old, plan on also transferring my GI Bill which will essentially pay for one of their college educations), and have about $30k in taxable accounts. We are selling our house in Norfolk, VA this year-- been a rental for 5 years but we are moving from Tampa to Jacksonville where I will take Command of a Destroyer there. So- my question-- I am looking at getting into real estate investing and slowing down retirement savings over the next 5 years (from about $25k/yr to $12k-- maxing out Roths and minimum to TSP). Curious to hear your take on my overall situation and real estate investing writ large. Ideally we'd put about $40-50k into things this year-- either buy and hold type rental properties or a flip- and then snowball any earnings plus about $30k annually over the next 4 years until I retire to setup passive income sources. Thanks!

Please support RPF on Patreon! www.radicalpersonalfinance.com/patron

429-Should I Use Whole Life Insurance as a College Savings Plan? Feb 22, 2017

Show notes

Listener Allyn writes in with this question: "What are your thoughts on using whole life insurance as a college savings plan? If you don't like it, why?" My thoughts are in the show!

Joshua

Thank you for supporting the show on Patreon! www.radicalpersonalfinance.com/patron

428-How to Get Richer Every Day (Questioning Commonly Accepted Wisdom) Feb 20, 2017

Show notes

Do you feel richer today than you did yesterday? If not, why not?

Joshua

427-Experiments in Financial Independence: Conversation with Jonathan and Brad from ChooseFI.com Feb 14, 2017

Show notes

Different people learn in different ways. For that reason, we need many new approaches to helping people learn about financial independence.

I'm glad to bring my new friends Jonathan and Brad on the show to talk about their project ChooseFI.com.

Operating under the banner "Experiments in Financial Independence," they're seeking to create a new approach to learning and teaching about financial independence. Enjoy the interview!

Joshua

www.ChooseFI.Com
www.TravelMiles101.com
Find a great financial advisor! www.radicalpersonalfinance.com/paladin
Use the same budget software I use! www.radicalpersonalfinance.com/YNAB
Support RPF on Patreon: www.radicalpersonalfinance.com/patron

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