Radical Personal Finance

Latest Episodes:

279-Get Paid To Adventure Travel the World With Your Family and Still Save a Ton of Money! Interview with Sara Miner Jan 13, 2016

Show notes

Many 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.

Enjoy the show!

Joshua

Do you have student loans? Spend some time with Jay Fleischman and chart out the smartest way out of debt: www.studentloanshow.com/radical
Looking for a financial advisor? Start here: www.radicalpersonalfinance.com/paladin
Support Radical Personal Finance on Patreon: www.radicalpersonalfinance.com/patron

278-What Do You Do When You're Trapped in an Upside Down Car Loan? Jan 12, 2016

Show notes

Today, 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 the time someone is requesting benevolence, they cannot qualify for borrowing any more.

Other ideas of rolling it into another car loan with incentives aren't great either. It is really the $3,000 in negative equity and more that I am looking to solve for.

Any radical ideas?

Travis

Open a brokerage account with TradeKing and get a free $100 bonus! www.tradeking.com/radical
Start the new year off right by learning the skill of budgeting! www.radicalpersonalfinance.com/YNAB
Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

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) Jan 08, 2016

Show notes

Today 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 payments by refinancing your student loans with SoFI: www.radicalpersonalfinance.com/sofi
Get your book out of your head and onto paper by working with publishing coach Patrick Snow! www.thepublishingdoctor.com
Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

276-Why This Financial Planner Refuses to Save Money for His Kids' College Jan 07, 2016

Show notes

Recently 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 money in light of all the other things you can do with money that are better.

Interested?

Listen.

Joshua

Do you have student loans hanging over your head because your parents didn't save for you? Go here: www.studentloanshow.com/radical
Would you like to establish an investment account for your investing goals? Go here and get a $100 bonus: www.tradeking.com/radical
Would you like to support RPF directly? Go here: www.radicalpersonalfinance.com/patron
http://10ktotalent.com/
http://www.brokebladesmith.com/
https://www.instagram.com/bladesofbelaq/
http://blog.penelopetrunk.com/2006/08/27/your-family-would-be-better-off-with-a-housewife-so-would-mine/

275-Selecting a Brokerage Company for Your Stock Ownership & Trading: Intro to Our New Sponsor TradeKing Jan 05, 2016

Show notes

I'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 account with TradeKing, they will give you an extra $100 if you sign up through my tracking link: http://tradeking.com/radical

Enjoy the show!

Joshua

Get a $100 bonus to your account when you use my special tracking link! http://tradeking.com/radical

274-You Can Become and Stay Wealthy If You Focus On Systematically Developing and Perfecting the Simple Skills of Wealth Jan 04, 2016

Show notes

One 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 new year, I encourage you to focus on the skills that you need to identify, learn, and perfect during 2016 that will ultimately lead to wealth.

Enjoy the show!

Joshua

Learn and apply the skill of budgeting: www.radicalpersonalfinance.com/YNAB
Learn what you don't know about your financial plan by meeting with a financial advisor: www.radicalpersonalfinance.com/Paladin
Support RPF on Patreon: www.radicalpersonalfinance.com/Patron

A Brief Christmas Card from Me to You Dec 18, 2015

Show notes

Hey 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 Dec 17, 2015

Show notes

The 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 student loans? I recommend connecting with Jay Fleischman for a review: www.studentloanshow.com/radical
Interested in writing a book? Call the Publishing Doctor: www.thepublishingdoctor.com
Need a budgeting system? Try YNAB www.radicalpersonalfinance.com/YNAB and Tiller www.tillerhq.com/radical
Need a time-tracking system? Try Toggl. www.toggl.com

272-A Proven Strategy to Increase Your Income in the Next Year Dec 15, 2015

Show notes

I 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-term.
Specific strategies for each of the 3 ways.

Enjoy the show!

Joshua

Links:

NY Times article: Your Most Valuable Asset is You http://www.nytimes.com/2015/12/15/your-money/your-most-valuable-asset-is-yourself.html
Start your search for a financial advisor here: www.radicalpersonalfinance.com/paladin
Use the same budgeting software that I use: www.radicalpersonalfinance.com/YNAB
Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

271-Achieving Financial Independence at a Crazy Young Age! Interview with Mike and Lauren from www.MikeAndLauren.com Dec 11, 2015

Show notes

I 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.

It's all here!

Enjoy the show!

Joshua

Their website: www.mikeandlauren.com
YouTube channel: www.mikeandlauren.tv
Have student loans? www.studentloanshow.com/radical
Need a financial advisor? Go here! www.radicalpersonalfinance.com/paladin
Support RPF on Patron! www.radicalpersonalfinance.com/patron

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