My guest today is Ann Barnhardt. I first became aware of Ann in late 2011 after she published a letter detailing the closure of her firm, Barnhardt Capital Management. At the time, this letter troubled me. Many people make strong statements and publish strongly worded essays. But when someone follows through on their word to the point of closing a functioning firm, I pay attention. I never could quite wrap my head around what happened at MF Global in 2011. Frankly, I still can't. But I thought i...
Feb 18, 2016•1 hr 32 min
Over the weekend, I was reading the book "unWorking: Exit the Rat Race, Live Like a Millionaire, And Be Happy Now" by Clark Vandeventer while sitting in a tire repair shop, waiting for my tire to be patched. When I came to this page , I stopped. And then I had an epiphany. When you're very, very clear on what you want, it's simple and easy to decide what to do. But when you don't know what you want, it's almost impossible to decide what to do. So, do you know what you want? Enjoy the show! Joshu...
Feb 15, 2016•22 min
Friday Q&A show today! Is an umbrella liability insurance policy a good idea? Should I buy life insurance for my stay-at-home wife at my job? How do I finance real estate? What type of entity should I choose for real estate investment? Enjoy! Joshua www.radicalpersonalfinance.com/ynab www.radicalpersonalfinance.com/patron...
Feb 15, 2016•1 hr 9 min
I'm delighted to have David Hancock on today's show. David is the founder and CEO of Morgan James Publishing. David has a fascinating business history and you'll benefit greatly from hearing his story. He's also an expert at personal branding and marketing. Most importantly, he's figured out how to make an excellent living on his own terms while doing work he loves! Enjoy! Joshua www.morgan-james-publishing.com Get a $100 bonus when you open an account at www.tradeking.com/radical Check out the ...
Feb 10, 2016•50 min
I've decided to start doing regular live call-in shows as part of our Friday Q&A. Today we cover these questions: How much leverage/risk is appropriate when building a real estate portfolio? How much money is too much to have inside a qualified account? How do you get money out of a qualified account for early retirement? Is Bank on Yourself life insurance a good idea? What's the right asset allocation between stocks/bonds? Enjoy! Joshua If you have student loans, make sure to get a review o...
Feb 05, 2016•1 hr 6 min
Do you have some excuses as to why you can't be successful? Well, get ready to get your excuses kicked in. My guest today is Kimanzi Constable. He started his career as a bread delivery driver and hustled his way into becoming a highly paid, internationally-recognized author, speaker, and coach. Along the way, he lost 170 pounds, paid off $180,000 in debt, and learned a thing or two about business. Enjoy the show! Joshua Stop Chasing Influencers: The True Path To Building Your Business and Livin...
Feb 04, 2016•49 min
What makes a bigger difference on your financial outcome: the behavior of your investments or the behavior of you, the investor? Today I have an awesome interview for you with Carl Richards, author of " The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money " and " The One-Page Financial Plan: A Simple Way to Be Smart About Your Money ." Both books are well worth your time. In addition to being a financial advisor, Carl is the awesome dude behind the Sketch Guy column in the New York...
Feb 03, 2016•1 hr 8 min
This weekend a friend of mine asked me for my input on whether they should continue renting their townhome or buy an equivalent unit. It's almost the perfect, real-life case study to consider: practically identical units current market prices real numbers to analyze. I seized the opportunity to talk it through and run the numbers. Enjoy! Joshua www.studentloanshow.com/radical www.tradeking.com/radical https://onlineinvestingconference.com/online-investing-conference-content8292jpjv?affiliate_id=...
Feb 02, 2016•36 min
Low gas prices have you cheering? Good! But what about when they go back up? Do you have a plan for that? How cool would it be if you could use a fuel other than gasoline in your car? You can! You can run it on wood. My guests today are experts on exactly that. Chris Saenz and Wayne Keith run the website www.DriveOnWood.com Wayne holds a number of world records of driving entirely on woodgas including fastest speed, longest distance, etc. Enjoy learning how to drive for free! Joshua Chris and Wa...
Jan 28, 2016•35 min
I had the opportunity to attend John Schaub's "Building Wealth One House At a Time" seminar in Sarasota, FL on January 16 & 17, 2016. I've been a fan of Schaub's work for quite a while. After reading his books and many others, I decided that his approach and plan is the approach to real estate that's right for me. So I went to the seminar. I was extremely impressed with the seminar. It was exactly what I hoped it would be. In the show today I share with you: the fundamentals of John's approa...
Jan 28, 2016•48 min
When I was younger I was easily duped by the financial fraudsters that seek to build their empires by deceiving people. Thankfully, I never had any major financial losses, but I was definitely hurt when I discovered how gullible I was. Since then, I've developed some slightly better skills for sniffing out fraud and questionable advice. And in today's show, I share some of my tips with you. I hope that together we can continue to develop our own skills of critical thinking and spread those skill...
Jan 26, 2016•55 min
Most of us in the Radical Personal Finance community are pursuing our own financial independence. And most of us want to get there as quickly as possible! But, most of us only have one idea of one way to get there. Did you know there are a bunch of different ways to go job-free and gain financial freedom! I'm excited to bring you my interview with Jake Desyllas, author of "Job Free: Four Ways to Quit the Rat Race and Achieve Financial Freedom on Your Terms." If you have any interest in ever bein...
Jan 25, 2016•1 hr 12 min
I talk a lot about business, entrepreneurship, and freedom on Radical Personal Finance. But I probably give short shrift to the incredible benefits of having a job! Our jobs usually provide the foundation we need to support our families, satisfy our responsibilities and obligations, and save the money we need to invest! Today, I share with you 9 benefits I came up with for having a job! Enjoy! Joshua Scratch Beginnings: Me, $25, and the Search for the American Dream Build a business based on you...
Jan 22, 2016•37 min
Managing money by yourself can be a real challenge. But managing money with your spouse can feel so much harder! But does it have to be that way? Today I have Talaat and Tai from www.HisAndHerMoney.com on the show to discuss the topic with me. They have some deep experience and insight to share with us. Enjoy the show! Joshua Talaat and Tai's website: www.HisAndHerMoney.com Join their www.SmartMoneyCouples.com community! Get clear on your goals by meeting with a financial advisor! www.radicalper...
Jan 19, 2016•44 min
There are three things we control with regard to wealth building: how much we make, how much we spend, and the rate of return we earn on our investments. Those are the only three things you can change and affect. And they're the three things that will make the difference in how wealthy you become. My personal investment strategy has changed and developed over the years. But, going forward, I've decided to invest in real estate. In today's show I share with you some of the back story and some of ...
Jan 18, 2016•1 hr 5 min
Tonight I'm pleased to bring you an interview with Fritz Gilbert from the website: www.TheRetirementManifesto.com . Fritz is an awesome guy who is just a couple of years away from an early retirement! He's here today to share with us his wisdom and perspective on making a successful transition to retirement. Enjoy the show! Joshua Refinance your student loans and get a $200 bonus! www.radicalpersonalfinance.com/sofi Make this the year you write your book! Contact publishing coach Patrick Snow fo...
Jan 15, 2016•1 hr 5 min
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 s...
Jan 13, 2016•47 min
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 som...
Jan 12, 2016•30 min
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 b...
Jan 08, 2016•1 hr 33 min
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 lig...
Jan 07, 2016•1 hr 2 min
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 Trad...
Jan 05, 20160
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 ye...
Jan 04, 20160
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
Dec 18, 2015•18 min
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?...
Dec 17, 2015•1 hr 5 min
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. Spe...
Dec 15, 2015•52 min
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 h...
Dec 11, 2015•1 hr
Following up on yesterday's show, I share with you today 9 myths surrounding the topic of home ownership. These are things that I used to believe and I learned (through the process of owning my own home) that I was wrong. Learn from my mistakes and consider how many of the things we commonly believe about home ownership might not be quite so true as we wish! Enjoy! Joshua Do you have student loans? I strongly recommend you sit down for a consultation with Jay Fleischman, host of the Student Loan...
Dec 09, 2015•1 hr 3 min
This past Friday we closed on the sale of our house. We owned it for just under three years. When we bought it we had intended to own it for 40 years. Why did we sell? The full story is here in this episode of the show! Check it out and learn from our successes and our failures! Joshua Are you interested in working with a financial advisor? Start your search here! www.radicalpersonalfinance.com/paladin Get a budgeting plan in place before 2016 arrives! Download a free copy of YNAB: www.radicalpe...
Dec 09, 2015•1 hr 4 min
Many of us have made mistakes on our way to financial stability. Hopefully we've learned from those mistakes--but wouldn't it be fantastic if we could help the next generation to avoid some of those mistakes? My guest today is Rocky Lalvani. He's a long-time listener of the show, contributor, and Patron. We connected in-person at #FinCon15 and sat down for this interview! Rocky has an awesome immigrant rags-to-riches story that you'll enjoy. He also has a depth of experience in training his chil...
Dec 04, 2015•1 hr 5 min
While I was in Charlotte for #FinCon15, I connected briefly with a man named Peter Polson who told me about a new tool he had built to automate the creation of financial spreadsheets. After I got home I signed up for his service and started testing it. I like it! And I think some of you will find it very useful. The Tiller service is a way to automate the import of financial data to your spreadsheets. This eliminates the most time-consuming part of creating spreadsheets and opens up a world of p...
Dec 02, 2015•58 min
