One of the major burdens that the passage of the Affordable Care Act placed upon us is that we are required by law to maintain health insurance coverage. Or, if we don't, we have to pay a tax penalty. But, as with most taxes, the Obamacare tax penalty is, in some ways, optional. In today's show I teach you all of the ways that I know to escape it! We cover: How to calculate the tax penalty What happens if you don't pay the penalty All of the exemptions that you can qualify for Enjoy! Joshua Book...
Dec 06, 2016•1 hr 14 min
If you're building a business, you may reach a point in time at which you need more money to expand your operation than you're currently receiving from your revenues. Traditionally, this is where you would either go out and solicit more investors to back you or perhaps go and borrow money from a bank. But, thanks to major changes in the law, there's another option now available to you: equity crowdfunding. Equity Crowdfunding is a way for companies to solicit investments from individuals similar...
Dec 05, 2016•1 hr 1 min
So, you set a goal for your income next year. Great! Good job! That's a nice place to start. But it does nothing for you if you don't translate it into an hourly income goal. Listen to the show to find out why and how. Joshua Join the RPF Facebook group! (It's free now!) https://www.facebook.com/groups/RadicalPersonalFinance/ If you'd like to calculate your hourly wage, try this quick little calculator I made: https://docs.google.com/spreadsheets/d/1de4hvloZAoAXJCOsE9DZuRAAeNdO2skAIIxhR6lxGYU/ed...
Dec 02, 2016•25 min
I learned the hard way not to wait until the end of December to think about how my past year went and how I wanted my next year to go. Don't wait. The first two weeks of December are your golden time for your year-end review process. Details in the show! Joshua Last-minute tax planning ideas for you: https://radicalpersonalfinance.com/last-minute-tax-planning-ideas-to-save-you-money-rpf0121/ Take Michael Hyatt's awesome Life Score Assessment to help give you clarity on your success in 10 areas o...
Dec 01, 2016•20 min
Happy Thanksgiving Day, Radicals! Joshua
Nov 23, 2016•24 min
One of the thorny research projects which I'm personally undertaking is to study the most effective ways to invest my money and my life into my local community without passing through the financial services intermediaries. Friends, it ain't easy. Our entire world is wired to go through the mainstream banking/investment/etc. industry. And it's not easy to break free. But, I'm convinced that it is possible. So, I'm working on it. And today, I've invited a new friend of mine on the show to explain ...
Nov 17, 2016•1 hr 14 min
Today we continue our health insurance series with a discussion of the Premium Tax Credit. The Premium Tax Credit is available for those whose income is between 100% and 400% of the Federal Poverty Level who purchase their health insurance through a government-run marketplace. The dollar amounts involved can be substantial if you're in that range. Pay attention, Joshua IRS Publication 974: Premium Tax Credit Michael Kitces article on the Premium Tax Credit Support RPF on Patreon: www.RadicalPers...
Nov 16, 2016•35 min
Today I've invited real estate investor Joe Fairless on the show. And yes, we chat about real estate. But, I don't have him on to speak about real estate exclusively. Rather, I want you to pay careful attention to how he got into real estate in the first step. Pay attention to the arc of his overall career. And then model him. Joshua Joe's website: www.joefairless.com Support RPF on Patreon: www.radicalpersonalfinance.com/patron Book a consulting call with me: www.radicalpersonalfinance.com/phon...
Nov 14, 2016•48 min
Today, I share my thoughts on the Trump/Clinton election and connect it with a discussion of why I'm philosophically and morally opposed to Obamacare. (Hint: it's not because I hate sick people.) Joshua Support RPF on Patreon: www.radicalpersonalfinance.com/patron Book a consulting phone call with me! www.radicalpersonalfinance.com/phonecall...
Nov 09, 2016•1 hr 1 min
In case you haven't heard, this Presidential election is the most important one in your lifetime. And, it will retain that title until November 9 when the 2020 election will take over as reigning champ. Not only is this the most important election of your lifetime, but if the wrong person is elected, we literally face the end of the world as we know it! So, what are you to do? Well, today's show contains my thoughts and advice around presidential politics as well as 10 things you can do that wil...
Nov 07, 2016•1 hr 5 min
Today we embark on our journey through the wild and woolly world of health insurance. This topic is utterly frustrating to navigate and incredibly divisive in philosophy. Obviously, it's a perfect topic for Radical Personal Finance! Joshua Support RPF on Patreon! www.radicalpersonalfinance.com/patron Book a consulting phone call with me: www.radicalpersonalfinance.com/phonecall...
Nov 03, 2016•36 min
If you look at all of your expenditures and methodically add up all of the money you've spent in the last year on taxes (of all types), you will likely find that taxes are one of your largest spending categories. So, in our constant quest to lower expenses, what can we do about that problem? Well, you can engage in good, proactive tax planning and tax avoidance. And, we've talked about that extensively here at #RadicalPersonalFinance. But, have you ever thought about getting involved at the root...
Oct 28, 2016•1 hr
My guest today is Craig Cody, CPA, co-author of the book "Secrets of a Tax-Free Life: Surprising Write-Off Strategies Most Business Owners Miss." We discuss: Paying your paying your kids in your business Renting your house out to your business Cost-segregation studies And more! Enjoy! Joshua Craig is offering a free copy of "Secrets of a Tax Free Life" to all listeners here: www.craigcodyandcompany.com/rpf Craig's company phone number is 516-869-4051 Support RPF on Patreon: www.radicalpersonalfi...
Oct 27, 2016•36 min
Have you ever thought about engineering your layoff from your job as a means to advancement to your next opportunity? After all, if you get laid off instead of quitting, there are a whole host of benefits to you. (severance, health insurance, etc.) But, how do you do it? And, is there a way to do it ethically? My guest today has written the book on the subject. His name is Sam and he is the writer behind the popular personal finance blog www.FinancialSamurai.com and his book is entitled " How to...
Oct 26, 2016•1 hr 19 min
There are two phrases that we commonly use that are very destructive to your personal empowerment. I recommend that you identify them and remove them from your vocabulary. Try it! You'll thank me later. Joshua Support RPF on Patreon: www.radicalpersonalfinance.com/patron Book a phone call with me: www.radicalpersonalfinance.com/phonecall...
Oct 25, 2016•17 min
The title says it all. Joshua p.s., Sorry about the double show on the last episode. I am presently without a working computer, but I'll fix it ASAP.
Oct 21, 2016•40 min
From time to time we get buying opportunities that emerge from a wrinkle in the marketplace. I think I see an opportunity right now for those of you who are in the market for a new car with the 2017 Chevy Volt. Details in the show! Joshua
Oct 18, 2016•22 min
I shudder and cringe when I hear someone who's thinking about upgrading their car because the new one gets better gas mileage. I don't often yell, but please indulge me for a moment. YOU SHOULD NOT UPGRADE YOUR CAR IN ORDER TO GET BETTER GAS MILEAGE! And, I'll prove it to you. Listen to this show. And then, download the free calculator I built years ago and plug in your own numbers to see whether you should upgrade or not. I think you'll be glad you did. Joshua Here's the link to my calculator. ...
Oct 17, 2016•1 hr 3 min
This is an audio file containing Steven Harris's free Family Emergency Preparedness Class. This class contains very useful and practical information regarding emergency preparedness. Some of the material is becoming dated. For all of Steven's current work, visit his website www.Steven1234.com and follow the appropriate links. Joshua
Oct 14, 2016•2 hr 51 min
This is an audio-only version of Wendy DeWitt's "Sensible Food Storage" seminar. This is the most practical, complete seminar on home food storage I've ever been able to find. You can view the original video version of this file here: https://youtu.be/GY5kiCzaeYc You can also download the PDF handouts of this seminar here with these links. This handout contains the instructions for how to do Wendy's system: http://traffic.libsyn.com/radicalpersonalfinance/Everything_Under_the_Sun_by_Wendy_DeWitt...
Oct 14, 2016•59 min
If you were unable to buy food for your family for the next couple of weeks, would you and your family be well-fed or would you be quite hungry at the end? Today, we tackle the question of food insurance with a discussion of practical steps to take to build your own reserves. I think it's very wise for you to make sure that you always have enough food in your house to feed your family for at least a few weeks, even better a few months, and perhaps even a year or more. Since you can fit a year's ...
Oct 14, 2016•31 min
If you were unable to buy food for your family for the next couple of weeks, would you and your family be well-fed or would you be quite hungry at the end? Today, we tackle the question of food insurance. In short, I think it's very wise for you to make sure that you always have enough food in your house to feed your family for at least a few weeks, even better a few months, and perhaps even a year or more. Since you can fit a year's supply of food under a twin bed, there's little reason not to ...
Oct 14, 2016•46 min
When I make a significant purchase, I always try to pay attention to the process of that purchase. I analyze my psychology and desire for the item, I consider carefully the decision process, and I consider the usefulness I get from the item and how much I enjoy and utilize it. One major lesson I've learned is to always make sure to budget for the accessories to enhance the usefulness of an item. Many times, the accessories you purchase for an item will make a dramatic difference in your ability ...
Oct 12, 2016•38 min
I recently read an article from the New York Times called, " It's Official: The Boomerang Kids Won't Leave ." The story is a familiar one: adult children fall on hard times after college and need to move home in order to make ends meet. This is an experience that many parents have had. The challenge is this: how do you get the kids to leave? What can and should you be doing in order to get them to a place of autonomy? In today's show we tackle this subject. We also cover some ideas for younger p...
Oct 05, 2016•49 min
As I release today's show, Hurricane Matthew is threatening the east coast of Florida and the Carolinas. (Today's show is not specific to Hurricane Matthew. The content is useful in any natural disaster or hurricane. But I wanted to get this information to you in a timely manner so that those of you in the warning cone have an opportunity to prepare.) Today's show is very practical. I cover: The most important need to address in advance of the storm: the ability to keep your phone and communicat...
Oct 04, 2016•1 hr 8 min
Are you an employee? Want to make more money? Want to have a tremendous career? Listen to this show. Joshua Patronize me: www.radicalpersonalfinance.com/patron Talk to me: www.radicalpersonalfinance.com/phonecall
Sep 30, 2016•1 hr 6 min
On today's show I cover four of the major perils of success. Both failure and success have danger points. You might think a lot about the dangers of failure. But are you aware of the perils of success? Have you thought about what might happen to you as you continue to achieve success? In today's show, I share with you four dangers of success...and I've fallen prey to all four of them. Then, after that discussion, I share with you how--and why--I'm removing some of the filters that I've kept on t...
Sep 29, 2016•1 hr 22 min
My guest today is Jason Vitug. Jason has a very interesting story of beginning at the bottom of the work-world, advancing quickly to company leadership, and then walking away to pursue travel and personal business projects that seem to integrate more with his life vision. Oh, and he wrote a book and just finished a 54-city speaking tour. Enjoy the interview! Joshua Jason's book: " You Only Live Once: the Roadmap to Financial Wellness and a Purposeful Life " http://rpf.link/2d7tsSN Jason's websit...
Sep 27, 2016•1 hr 1 min
I recently appeared on Paula Pant's Afford Anything podcast for an in-depth discussion of the stages of financial independence. The interview was one of the favorite interviews I've done in a while and I think you'll really enjoy it. Enjoy! Joshua The original post: http://podcast.affordanything.com/stages-financial-independence-joshua-sheats/
Sep 26, 2016•1 hr 25 min
Hey Radicals! I'm heading to California today for #FinCon16. I'd love to connect with as many of you as possible while I'm there! I'll be available on Thursday, Friday, and Saturday (9/22 to 9/24). Reach out to me on Twitter and let's schedule a time to connect! https://twitter.com/JoshuaSheats Joshua
Sep 21, 2016•3 min
