We know that it's worthwhile to increase income in order to reach our financial goals more quickly. But how can we do that? One proven way is to get advanced education by attending graduate school. My guest today is Matt Miner. He followed the time-worn path of attending graduate business school as a way of significantly increasing his earnings and he's learned from that experience. He's also studied the issue extensively, so he brings both personal experience and study to this question. In this...
Sep 21, 2016•1 hr 3 min
I received the note below from a listener of my show and today I answer it! Enjoy, Joshua ----- Hi Mr. Sheats! I'm a home educated 13-year-old fan of your podcast. I love how in-depth, interesting, and out-of-the-box it is. I used to listen to the Dave Ramsey Show a lot, but that got really bland, so my dad suggested your show. I love it! I've been listening pretty much daily since January of this year, and you've inspired me to become financially independent before age 30. Right now, I'm saving...
Sep 16, 2016•1 hr 22 min
My guest today is Lauren Greutman. Lauren has been on RPF before (with her husband Mark) way back at Episode 108 . But today she's back today as part of the book launch tour for her brand-new book: The Recovering Spender: How to Live a Happy, Fulfilled, Debt-Free Life. In today's episode, we cover: Lauren's personal story and her highs and lows Lauren's systematic, step-by-step advice for how to overcome a spending addiction And more! Enjoy the interview! Joshua Lauren's book on Amazon: The Reco...
Sep 13, 2016•1 hr 6 min
On Fridays, we do Q&A. Today we cover: How Should I Structure My Purchase of an iPhone? What Should I Think About When Buying a House? How Many Credit Cards Should I Have For Optimal Living? How Should I Value My Defined-Benefit Pension Plan If you'd like to join for a future Q&A call, join here: www.radicalpersonalfinance.com/patron Joshua Support RPF on Patreon: www.radicalpersonalfinance.com/patron Get a personal consulting call with me: www.radicalpersonalfinance.com/phonecall...
Sep 09, 2016•1 hr 7 min
You want to start a business...so, you have to decide what type of business entity to use, right? Well, yes and no. Yes in the sense that it is an important decision. But no in the sense that you should first focus on how you're going to build the business...and you should probably just start the business and see if it will work. But, it is an important decision. And there is a lot of confusion over all these entities. Today we cover these entities in an introductory capacity: Sole Proprietorshi...
Sep 08, 2016•1 hr 7 min
Whatever begins to exist has a cause. This fundamental truth governs much of your thinking. And yet, have you stopped to consider its application and how you can adjust this to your benefit? The law of cause and effect is operational in your daily life. And yet, many people focus on the things they want (the effect) without every once stopping to think about how to get there! They don't think about the causes that are necessary to achieve a certain effect! In today's show, I give you a series of...
Sep 06, 2016•41 min
Hey Radicals! Tough week this week and I'm behind on shows. My apologies! I thought you might enjoy this recent interview I gave on Everything Financial Radio in Grand Rapids, Michigan. The first part of the show is with Gerald Celente. My interview starts at 19:15. Back soon, Joshua The original file is found here: http://www.everythingfinancialradio.com/2016/07/gerald-celente-and-joshua-sheats-join-host-dennis-tubbergen/
Sep 01, 2016•40 min
Today's show is dedicated to the idea of mobile home investing. John Fedro stumbled into the mobile home investment business and has since made it his unique area of specialty. Mobile homes have some unique characteristics that might make them an attractive investment class for you to consider. (After all, you can often buy an entire house for less than a new car!) But they also carry some significant potential downsides. Enjoy the education, Joshua John's website: http://www.mobilehomeinvesting...
Aug 30, 2016•45 min
On Fridays, I host a live Q&A call! Today we cover: Should I Take a State Defined-Benefit Pension Plan or Choose a Defined-Contribution Option? Why Do So Few People Grasp How Simple It Is to Become Wealthy? What Are the Next Steps I Should Take in Establishing My New Consulting Business If you'd like to join on a future call, become a Patron of the show at www.radicalpersonalfinance.com/patron Enjoy! Joshua...
Aug 26, 2016•1 hr 2 min
Ever since I sat down and designed my " Seven Stages of Financial Independence ," I've been a bit bothered by Stage 7: Financial Abundance. I inserted it at the end of the list because I think that's where it belongs. But I don't think you have to wait until you get through the stages to be able to enjoy a lifestyle of Financial Abundance. And I definitely don't think you should wait for later to start planning for Abundance. So, what do you do? Well, in today's show I do my best to lay out some...
Aug 25, 2016•45 min
Your personal credit and credit rating are an important component of your financial life. But did you know that you can also establish, build, and utilize an entirely separate credit file on your business? My guest today, Ty Crandall, is an expert on both business credit and personal credit and he's here with me today to share with you some actionable strategies you can understand and implement to begin building your own personal business credit. Enjoy! Joshua Ty's website (and free guide): www....
Aug 23, 2016•49 min
Today we tackle Social Security with Devin Carroll from www.SocialSecurityIntelligence.com Devin is a financial planner who has taken a special interest in consulting on the topic of social security. In this show we cover some general background and advice for those who are trying to figure out how to approach their social security strategy as well as some interesting background on the social security program. (If you listen closely, you might even find an argument or two contained herein!) Enjo...
Aug 16, 2016•56 min
My guest today has been from the lowest of lows to great heights of success. And then he repeated the cycle at least a time or two. Rod Khleif has owned over 2,000 houses and apartments. He has made millions. And, he lost millions during the 2008 housing crash. Today, he's come on the show to share the good and the bad from his experience. We cover technical details of real estate as well as many very important life lessons. Enjoy! Joshua Support RPF on Patreon: www.radicalpersonalfinance.com/pa...
Aug 12, 2016•45 min
Do you wish to set out and travel but feel like you lack the money? Well, what if you did it anyway and just adjusted your style of travel to fit a more modest budget? My guest today is long-time listener of the show, Philip Frey. A few years ago he did exactly that. He set out across Europe with a schoolmate and they managed to cobble together a very fun trip on a very modest budget! In today's show we discuss Philip's experiences and advice for how to replicate a trip like his. I also share so...
Aug 11, 2016•1 hr 9 min
My guest today is Daniel Crosby. Daniel is a behavioral economist and he has applied his expertise to the question of investing. One of the greatest challenges investors face is managing their own behavior. Daniel has studied this problem extensively and has formulated specific recommendations to help investors manage their psychology and manage their behavior. Enjoy! Joshua You're Not That Great! http://rpf.link/2aIuwry The Laws of Wealth: Psychology and the Secret to Investing Success http://r...
Aug 09, 2016•1 hr 11 min
I tried as hard as I could to ship a financial planning show today, but it just didn't get done. Oh well. I don't always promise to release audio to you every day, but I didn't want to leave you hanging without something to listen to. So enjoy 20 minutes of pure Jim Rohn gold. Joshua
Aug 05, 2016•23 min
My guest today is Kathy Fettke. Kathy has a very interesting story of learning to invest in real estate during a time of personal crisis. She has since leveraged her experience to build a business related to real estate in addition to managing her own investments. Enjoy! Joshua Kathy's website: http://www.realwealthnetwork.com/ Support RPF on Patreon: www.radicalpersonalfinance.com/patron...
Aug 03, 2016•59 min
I'm fascinated with stories of immigrants to the United States. If you mentally put yourself in the shoes of an immigrant and then ask how you could become wealthy, even if you started with nothing, you have the opportunity to clarify the actions you can take which lead to wealth. A listener to the show, Manhar Patel, emailed me and asked me if I was interested in his story. After a bit of back and forth, I invited him on the show to tell his story. Manhar is an Indian immigrant to the United St...
Aug 02, 2016•29 min
The past few weeks have been a bit depressing for me due to the absurdity of national politics here in the United States. I broke my personal rules of not getting involved with national politics and the results weren't pretty. I was thoroughly annoyed and saddened. Until Sunday afternoon. Which is when a young man in my neighborhood cheered me up by showing how it's possible for someone who wants something to get it, no matter what stands in the way. On today's show, I share with you some though...
Aug 01, 2016•41 min
On Fridays we do Q&A! Are Bonds Necessary for Good Asset Allocation Traditional 401(k) or Roth IRA How to Leverage Long-Term Travel for Career Advancement What Kind of Retirement Plan to Put In Place at a NonProfit How to Rebuild after Bankruptcy If you'd like to get on a call like this, join as a patron! www.radicalpersonalfinance.com/patron Joshua Paper: "Non-Profit Organizations Have Few Options for Deferred Compensation" from Journal of Retirement Planning...
Jul 29, 2016•1 hr 15 min
How much money do you spend eating out? How much money could you save simply by learning to cook for yourself? My guest today is Ketura from www.FreeToCook.com and she's here to share her personal experiences in learning to cook from home to improve her family's budget. Enjoy! Joshua Support RPF on Patreon! www.radicalpersonalfinance.com/patron
Jul 28, 2016•28 min
Today we round out the 4-part disability series with: A wrap-up of some key concepts Taxation of disability insurance premiums Various types of disability insurance policies Pregnancy and disability insurance Q&A from the audience Enjoy! Joshua Looking for a financial advisor? Start here: www.radicalpersonalfinance.com/paladin Support RPF on Patreon: www.radicalpersonalfinance.com/patron Want to book a consulting call with me? Book here: www.radicalpersonalfinance.com/phonecall...
Jul 27, 2016•1 hr 12 min
College and all of its associated costs can make a big difference in your financial situation. Today, I've invited Brad Baldridge on the show to discuss the college planning process and the background to many of the financial decisions. I think you'll enjoy the interview. Be sure to stay tuned for the second half where we pull apart some strategies for making the student aid forms work to your favor. Enjoy! Joshua Support RPF on Patreon! www.radicalpersonalfinance.com/patron Want to consult with...
Jul 26, 2016•1 hr 20 min
Minivans get a bad rap in our modern culture. They're the brunt of endless jokes and I want to see that change. For some reason people think that minivans are suitable only for parents with kids. They certainly are great for that--far, far better than an SUV--but that's not all. I think a minivan is pretty much the perfect vehicle for everyone at every stage of life. Yes, that's a big claim. But I really, really do think they're great. Today, I do my best to convince you to join me in the land o...
Jul 25, 2016•50 min
The tagline I created for Radical Personal Finance is this: "...the 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." Little by little I've been breaking this down for you and today we tackle the "financial freedom in 10 years or less" part. I believe that, no matter where you're starting from or what your current financial condition, you can buil...
Jul 01, 2016•57 min
Today we continue our disability insurance series with a discussion of: How to determine the benefit amount of an individual disability insurance policy The interaction of group disability insurance and individual disability insurance The definition of disability (own occupation, modified own occupation, any occupation) How is disability determined (loss of time, duties, income) Total disability vs. partial disability vs. presumptive total disability. Enjoy! Joshua Support RPF on Patreon! www.ra...
Jun 30, 2016•55 min
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! ...
Jun 28, 2016•57 min
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
Jun 24, 2016•41 min
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 ...
Jun 23, 2016•1 hr
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 t...
Jun 21, 2016•45 min
