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 th...
Jun 17, 2016•1 hr 8 min
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 Bol...
Jun 14, 20160
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 ...
Jun 13, 2016•56 min
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 cons...
Jun 10, 2016•1 hr 2 min
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 se...
Jun 08, 2016•55 min
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 Mr. Groovy's JIRA idea: http://freedomisgroovy.com/junior-ira-nutshell/ Support RPF on Patreon! www...
Jun 06, 2016•1 hr
On Fridays, I do a live Q&A call for patrons of the show. Today we cover: When Should My Wife Take Social Security? Should I Buy Term Life Insurance as an Investment? If you'd like to join a Q&A call, become a Patron of the show at www.radicalpersonalfinance.com/patron Joshua Social Security Strategies: How to Optimize Retirement Benefits by William Reichenstein and William Meyer http://rpf.link/1ss19mu...
Jun 03, 2016•32 min
I'm always keeping my ears out for interesting ways to earn a living--or a side income. And today, I've got exactly that for you. My guest today is Brad DeGraw. Brad is an expert at selling stuff through Amazon. He claims to have started with $100 and a WiFi connection and to have turned it into over $1,000,000 in sales to date. Enjoy the interview! Joshua Brad's website: http://amazonsherpa.com/ Support RPF on Patreon: www.radicalpersonalfinance.com/patron...
Jun 01, 2016•48 min
My guest today is Matt Hall. Matt is a financial advisor who learned the hard way what works and what doesn't in the world of financial advice. One of the missions of Radical Personal Finance is to pull back the curtain from the world of financial advice. I do my best to ask direct questions of financial advisors and give them an opportunity to share their perspective. Enjoy! Joshua Buy Matt's book "Odds On: The Making of an Evidence-Based Investor" on Amazon. http://rpf.link/1Ubu196 Matt's webs...
May 31, 2016•1 hr 17 min
On Fridays, we do a live Q&A show! Today, we cover: Should I Get Disability Insurance if I'm Only Working for Two Years What Happens to Disability Insurance If I'm Changing Jobs How Should I Save Money For My 9-Month Old Daughter's House Should I Work Three More Years In Order To Vest in my Pension Enjoy! Joshua If you'd like to call in to a show like this, become a patron of the show! www.radicalpersonalfinance.com/patron...
May 27, 2016•49 min
Today we continue our disability insurance series. We cover: Why it's so hard to compare disability insurance policies to each other Long-term disability insurance vs. short-term disability insurance Benefit periods (2 years, 5 years, to age 65, etc.) Elimination periods (2 weeks, 45 days, 90 days, 6 months, 1 year, etc.) Continuance provisions (noncancellable, guaranteed renewable, conditionally renewable) Enjoy! Joshua Need a financial advisor? Go here: www.radicalpersonalfinance.com/paladin W...
May 26, 2016•45 min
Today we speak with Jeff, the Happy Philosopher. Jeff is a doctor who was finding himself increasingly dissatisfied with his job. Knowing that if he didn't make a change, he would find himself totally burned out, he managed to re-negotiate his work agreements in order to build a better lifestyle. This is an option that many of you should consider. Enjoy! Joshua Support RPF on Patreon! www.radicalpersonalfinance.com/patron...
May 25, 2016•1 hr 19 min
If you could only choose one type of insurance coverage to have, I believe you should buy disability insurance. In today's show, I seek to persuade you to agree with me. In short, this is my sales pitch for disability income insurance. Enjoy! Joshua Would you like to consult with me on the topic of your choice? Book a call here: www.radicalpersonalfinance.com/phonecall Support RPF on Patreon. www.radicalpersonalfinance.com/patron...
May 24, 2016•50 min
On Fridays, we have Q&A! And today, I have some fun questions for you. My Advice on Starting an Experts Business How to Transition from a Stable Career to Unstable Entrepreneurship Opportunity Joshua's Thoughts on the Banking System and It's Problems How to Become a Better Salesperson If you'd like to participate in a Friday call, join the show as a Patron! www.radicalpersonalfinance.com/patron Joshua...
May 20, 2016•1 hr 3 min
I've decided--after many, many requests--to offer paid phone consulting to you, the audience. If you would like to consult with me on any topic of your choice, I'm now available to you! (Just use this link: https://radicalpersonalfinance.com/phonecall ) I think you'll be interested in the backstory of why I've gone back and forth on offering this service. A new technology offering is what has made the difference. Listen to the show for details. Oh, and by the way...I want you to copy me! For som...
May 20, 2016•25 min
Ever wondered what the actual practice models are for financial advisors? Today, I've invited Sean Kernan on the show to talk about the inside business of financial advice. Sean is a financial advisor who started his career at the large wirehouses and later transitioned to be independent. Since then, he's started a website and podcast to help other advisors called "How to Go Independent." If you'd like to listen in on two financial advisors discussing what the industry is actually like on the in...
May 18, 2016•1 hr 33 min
Today on RPF, I answer your questions: How to Lower Work-Culture Costs Without Being Perceived as a Grinch? Should I Take Out a TSP Loan or Student Loans for Grad School? Should I Take a Year Off To Try a Business or Go Directly to Grad School? How To Profitably Invest Paternity Leave? Enjoy the show! Joshua Do you need a financial advisor? Start here! www.radicalpersonalfinance.com/paladin Support RPF on Patreon! www.radicalpersonalfinance.com/patron...
May 16, 2016•1 hr 16 min
Today on RPF, I answer your questions! How to Sell Whole Life Insurance to Buy Term & Invest the Difference People How to Help People Get Experience So They Know What Kind of Work to Do Joshua's System of Marginalia Savoring Books vs. Gulping Books Enjoy the show! Joshua Support Radical Personal Finance on Patreon: www.radicalpersonalfinance.com/patron You Need a Budget! Try the same software I use: www.radicalpersonalfinance.com/YNAB...
May 11, 2016•55 min
My guest today is Chad Carson. Chad is a real estate investor and financial freedom pursuer. I've invited him on today's show to share his story of how he began investing in real estate with no money and how he's built his empire to a place of financial freedom today. Enjoy! Chad's site: www.coachcarson.com Support RPF on Patreon: www.radicalpersonalfinance.com/patron...
May 10, 2016•49 min
Today on Radical Personal Finance we dig into the topics of living cheap and well! My guest is quite the radical guy and he's here to share with us what he's learned regarding: figuring out how to live a great life on very little money figuring out how to build an income from selling things through an online shop Enjoy the show! Joshua Support Radical Personal Finance! www.radicalpersonalfinance.com/patron...
May 05, 2016•34 min
Marketplace lending (a.k.a. peer-to-peer lending) is steadilyadvancing in impact and popularity. Although it's certainly not yeta dominant form of cashflow for borrowers nor is it a dominantinvestment choice for investors, it is on the steady growth and itsimpact is being felt. My guest today is a front-seat commentator and active investorin this marketplace. Peter Renton is the founder of LendAcademy.com and the LendItconference. He's here today to bring us up to speed on the peer-to-peermarket...
May 02, 2016•1 hr 17 min
On Fridays, we do a live Q&A call. If you'd like to join the call, sign up here: www.radicalpersonalfinance.com/patron Today we discuss: The Language of Marginal Tax Deductions Volunteering as an Income Tax Preparer for Low Income People Are Cash Value Life Insurance Policies a Good Place for an Emergency Fund Enjoy! Joshua
Apr 29, 2016•30 min
Medical expenses represent a large percentage of our lifetime expenditures. But do they need to? My guest today is a practicing physician and he's here to share with us where we can rationally cut back and scrimp and save when it comes to medical expenses. This area of thought is one of the most taboo areas when it comes to frugality. Many people who are otherwise quite frugal have an immediate, visceral reaction of condemnation when someone announces they're making different medical decisions i...
Apr 27, 2016•1 hr 15 min
Immigrants to the United States are much more likely to become millionaires than are natural-born citizens. And although my guest today lives in Canada, the parallel is clear. Dan Lok had a challenging beginning to his career, not the least of which was that he had to begin with learning and improving his English language skills! His foray into the world of employment came as a 16-year-old earning minimum wage. He quickly realized that he needed to go into business for himself and he hasn't look...
Apr 26, 2016•1 hr 15 min
I love to explore interesting financial markets which are accessible to the common person who demonstrates a little bit of interest. Today we dig into one such market: guns. I've invited James Wesley, Rawles onto the show today to discuss how you can intelligently invest in guns as a means to wealth. We cover: Speculative approaches and non-speculative approaches. How to leverage small amounts of money by buying specific firearm components. Interesting little wrinkles in the marketplace. Etc. En...
Apr 25, 2016•1 hr 19 min
On Fridays, we do Q&A! Today we cover: How to Invest $1k to 10k? How to Prioritize Competing Goals? Should I Stay in my Current Job Until I'm Vested? What Kind of Retirement Plan Should Middle-Age Hotel Owners Establish? If you'd like to participate in these Friday calls, become a patron of the show at www.radicalpersonalfinance.com/patron Enjoy! Joshua
Apr 22, 2016•58 min
One of our primary charges as parents is to raise our children from dependency to maturity and independence. One major component of this task is to teach them to be economically self-sufficient. How do we do this? Where does it start? Well, I believe we need to tackle this at a very young age. The earlier the better. In today's show, I'll tell you my ideas on the topic. Enjoy! Joshua Support RPF as a Patron of the show! www.radicalpersonalfinance.com/patron...
Apr 21, 2016•49 min
My guest today is Nicole Bryan. Nicole began her career as a schoolteacher with a pile of student loans. Today, she is on track to be financially independent by her 40th birthday. Her story will be incredibly valuable for you as it will demonstrate the feasability of achieving financial freedom for almost all of us! Listen and enjoy! Joshua Nicole's FB group: http://facebook.com/financialfreedomlovers Support Radical Personal Finance as a Patron! http://radicalpersonalfinance.com/patron...
Apr 20, 2016•52 min
My guest today is Michael Melissinos. Michael is a trend-following investment manager who has systematically built his own firm over the past few years. Michael's story presents both a case study of entrepreneurship (how to go from jobs that are poorly suited to you to an entrepreneurial venture) as well as insight into various aspects of trading from a trend-following perspective. Enjoy the show! Joshua Michael's blog: http://www.michaelmelissinos.com/ Michael's firm's site: http://www.melissin...
Apr 18, 2016•1 hr 17 min
RPF is on Spring Break this week so I'm posting some different content than my normal show. This is a speech that I gave to a local podcasting meetup group here in South Florida called "Breaking all the Rules of Podcasting." It contains my advice to a roomful of new and aspiring podcasters. The speech was delivered on 09/12/2015. Here's a link to the PowerPoint presentation I was presenting to my audience while speaking: http://traffic.libsyn.com/radicalpersonalfinance/South_Florida_Podcast_Meet...
Apr 15, 2016•55 min
