Radical Personal Finance

Latest Episodes:

353-How to Get Out of Debt Fast By Driving A Truck (And Build a Freedom Fund!): Interview With Ben and Deb Martinek Jun 28, 2016

Show notes

Often very large financial goals can be achieved in a relatively short period of time if you focus enough on the goal and execute a plan with intense action.

Today, I bring you the story and experience of a couple who did just that. Ben and Deb Martinek decided to become over-the-road truck drivers so that they could pay off their student loans in a very short period of time.

They succeeded in paying off about $100,000 in debt in 2.5 years by driving a truck. And they had a great time doing it!

Today we hear their story and ideas on how you can do something similar for yourself.

Joshua

The blog that Ben and Deb kept while driving a truck: www.truckyoufortwo.blogspot.com
Ben's financial planning business: www.bonafidefinance.com
Support RPF on Patreon! www.radicalpersonalfinance.com/patron

352-Friday Q&A: Should I Purchase My Personal House in an LLC, How do I Know if My Life Insurance Agent is Advising the Right Amount Jun 24, 2016

Show notes

On Fridays we do a live Q&A show here at Radical Personal Finance. If you'd like access to these calls, join here: www.RadicalPersonalFinance.com/patron

Today we cover:

Should I Purchase My Personal House in an LLC?
How do I Know if My Life Insurance Agent is Advising the Right Amount of Insurance to Own?

Enjoy the show!

Joshua

351-How to Live a Rich Life Now (pt. 2): Most Material Riches Are Easily Accessible to You Today Jun 23, 2016

Show notes

Today, we continue our series on "Living a Rich Life Now" by discussing material riches and how you can appreciate the ones you already have and enjoy more more material riches now, without waiting.

Most people equate riches with things they have yet to buy. Largely, this is due to an effective marketing campaign by somebody with something to sell.

But, many of us easily forget about all of the material riches we already enjoy.

And, we neglect the easy ways we can live a rich life--perhaps even the lifestyle of a multi-millionaire--without the need to actually become a multi-millionaire.

This show contains some of my ideas which will, I hope, provoke you to clarify your own definition of a rich life and start living it as quickly as possible!

Joshua

Need a great financial advisor? Start your search here! www.radicalpersonalfinance.com/Paladin
Support Radical Personal Finance on Patreon: www.radicalpersonalfinance.com/patron
Interested in a consulting call with me? Book here: www.radicalpersonalfinance.com/phonecall

350-How to Live a Rich Life Now: The Immaterial Attributes of Riches That You Can Control Today Jun 21, 2016

Show notes

Radical Personal Finance is "a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less." That's the slogan that I came up with as the unifying theme after creating about 300 episodes of the show.

But, although I've been using this slogan for a while, I've never actually explained each of the statements in that slogan. And they're all important.

Today, I tackle the first part: What does it mean to live a rich life now?

There are immaterial aspects to a rich life and there are also material aspects to riches.

Today we tackle the immaterial.

Enjoy!

Joshua

Want to get on a consulting call with me regarding your situation? Go here: www.radicalpersonalfinance.com/phonecall
Support RPF on Patreon! www.radicalpersonalfinance.com/patron

349-Want to Get Rich and Live a Comfortable Life? You Should Seriously Consider Being a Doctor as Your Path! Interview with Peter Steinberg Jun 17, 2016

Show notes

I've previously stated that I don't understand why anyone would go into the field of medicine as a way of getting rich.

I understand why people would want to do it because it fits their goals and personality and sense of calling, but I've always felt that it's a bad move financially.

Even though you can earn a high income, there are a lot of disadvantages to the career!

Well, my guest on today's show disagrees with me!

He's a practicing physician and he thinks I'm dramatically misrepresenting the financial potential and payoff of medicine.

I think you'll enjoy our debate!

Joshua

Peter Steinberg's professional site: www.bidmc.org/kidneystone
Support RPF on Patreon! www.RadicalPersonalFinance.com/Patron

348-Think You've Got it Tough? This Show Will Make You Grateful for Your Abundant Opportunities. I Promise! Jun 14, 2016

Show notes

A lot of us face difficult situations. And it's tough to maintain a positive attitude. But, have you considered what some other people face?

What would you do if you were facing a >70% unemployment rate in your town?

What would you do if you were working a job that hadn't paid you in >6 months?

What would you do if you had electricity for only 2 hours per day?

After listening to today's show, I promise you'll look at the opportunities around you with a fresh appreciation.

Enjoy!

Joshua

Bola's Fiverr profile: https://www.fiverr.com/ipriest

Bola's publishing company: http://www.cryoutpublishing.com

Support RPF on Patreon: www.radicalpersonalfinance.com/patron

347-Disasters Happen: Make a Plan Now to Ensure You Have Plenty of Money Available to You to Solve the Problems Money Can Solve Jun 13, 2016

Show notes

June 1 is the start of hurricane season here in South Florida. June is always when I review my own hurricane preparedness plan and assess it for any weaknesses.

I've also kept a close eye on the Fort McMurray wildfires and the economic crisis currently underway in Venezuela.

Given these stark and vivid disasters, I've wanted to draw your attention to them as a way for you to consider how you're prepared to handle them.

Today I focus on the importance of money--specifically having some available to you in times of crisis.

Enjoy,

Joshua

YouTube: "Fort McMurray Evacuated During Massive Wildfire" https://youtu.be/kSPFt6O1FLI
YouTube: "Welcome to Hell - Driver Escapes Fort McMurray Wildfire" https://youtu.be/ieTQvIdG-Vo
YouTube: "Owners Watched Fort McMurray Home Burn to Ground Over iPhone" https://youtu.be/JTlGFsP4JeQ
'We want out of this agony': What it's like to eat in a country that's on the verge of collapse http://www.businessinsider.com/venezuela-economic-food-crisis-meals-2016-4
Dying Infants and No Medicine: Inside Venezuela's Failing Hospitals http://www.nytimes.com/2016/05/16/world/americas/dying-infants-and-no-medicine-inside-venezuelas-failing-hospitals.html?_r=2
Support RPF on Patreon www.radicalpersonalfinance.com/patron

346-Real Estate Entity Selection & Estate Planning (With a NYC Slant): Interview with Real Estate and Estate Planning Attorney Jules Haas Jun 10, 2016

Show notes

Today I've invited Jules Haas on the show to talk real estate entity selection and estate planning.

Jules has an especially interesting perspective given where he lives and practices law: downtown New York City.

We discuss:

how to decide if you should own real estate within an entity or not
how to own real estate with maximum privacy (and why it's important)
estate considerations for different methods of ownership

Enjoy!

Joshua

Jules's website: https://www.juleshaasattorney.com/ (For a free consultation, call 212-355-2575.)
Support RPF on Patreon: www.radicalpersonalfinance.com/patron

345-"Cashing in Tax Free: Your Ultimate Guide to a Tax-Free Retirement Using 1031 Exchange and Delaware Statutory Trusts" Interview with Author Leslie Pappas Jun 08, 2016

Show notes

Today on Radical Personal Finance we veer into an interesting niche in the real estate market.

Do you have an appreciated rental property with a lot of equity in it? Would you like to know how to transition out of that personally managed property into a professionally managed portfolio without paying capital gains taxes on the transfer?

That's what today's interview is about.

My guest is Leslie Pappas. She's an expert at using 1031 Exchanges and Delaware Statutory Trusts in a very specialized segment of the real estate industry.

Enjoy learning about this niche!

Joshua

Amazon: "Cashing in Tax Free: Your Ultimate Guide to a Tax-Free Retirement Using 1031 Exchange and Delaware Statury Trusts (DSTs)" http://rpf.link/1RXjo83
Leslie's website: http://www.archerinvestors.com/
Support RPF on Patreon! www.radicalpersonalfinance.com/patron

344-How to Go From Broke to Comfortable With a Single Move! (And What is a Junior IRA?): Interview with Mr. and Mrs. Groovy from FreedomIsGroovy.com Jun 06, 2016

Show notes

My guest on today's show is Mr. Groovy, writer at the eponymous website www.FreedomIsGroovy.com

He reached out to me and pitched me for some exposure for his idea of a Junior IRA. I accepted his request and invited him on the show.

I also thoroughly enjoyed hearing his story of getting free financially with a simple geographic move. There's a lesson in there for many of you.

Enjoy the show!

Joshua