A Rich Life Now and Financial Freedom in 10 Years or Less!

492-Choose Your Hammer Carefully and Stop Beating Up Others for Preferring a Different Hammer

#podcast episodes (all) personal philosophy Oct 12, 2017

I thought about simply calling today's show, "On Hammers."

You pick the title you prefer...but recognize the truth: tools are tools and their usefulness depends not on their inherent attributes but on their appropriate application.

Joshua

Please support RPF on Patreon: www.radicalpersonalfinance.com/patron

491-Q&A: More Money Into Retirement or Buy a House, Can I Use a Donor-Advised Fund for Church Contributions, Should I Move From Commission-Based Job to Salary-Based Job, Should I Keep an India-Based Whole Life Insurance Policy?

#podcast episodes (all) career planning donor advised funds friday q & a shows life insurance Oct 09, 2017

Today's show rounds out a special series of live Q&A shows. Today we cover:

1:20 Should I put more money into my retirement plan or buy a house?
18:45 Can I use a donor-advised fund as a smart way to get a bigger tax deduction for my contribution to my local church?
32:30 Should I move from a commission-based job to a salary job which also means a salary cut?
39:10 Should I buy a joint universal life insurance policy to protect my new baby?
1:10:00 Should I keep an India-based whole life insurance policy now that I'm a US resident?

Enjoy the show!

Joshua

Please support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

490-Q&A: Paying for a Seminary Degree with Early Distributions from a Retirement Account, Can I Still Become Financially Indpendent if We Move to Paradise First, Should We Sell Our Rental House or Move Back for Tax-Free Gains, Are Healthcare Sharing Minis

#podcast episodes (all) friday q & a shows healthcare sharing ministries relocation retirement planning Oct 05, 2017

I've been doing a live Q&A series...today we cover these:

1:24 - Can I Pay for My Seminary Degree with Early Distributions from a Retirement Account?
13:30 - Can I Still Become Financially Independent if We Move to Paradise First?
25:45 - Should We Sell our Rental House Two States Away or Plan to Move Back to It In Order to Get the Tax-Free Gains on a Future Sale?
37:45 - Are Healthcare Sharing Ministries Like Samaritan Ministries Any Good?

Joshua

Ph.D. for under $15,000 https://americanvision.org/6383/b-a-to-ph-d-for-under-15000-how-i-did-it/
Healthcare Sharing Ministries https://radicalpersonalfinance.com/health-care-sharing-ministries/
Support RPF on Patreon: www.radicalpersonalfinance.com/patron

489-Lessons From Las Vegas: A Few Practical Ways You Can Prepare For Being Involved in an Active Shooter Scenario

#podcast episodes (all) *4- avoid catastrophe disaster planning invest in firearms personal philosophy self-defense Oct 03, 2017

As we all watch and process the mass shooting in Las Vegas this weekend, I thought it would be appropriate to share a few lessons learned.

I always try to process an event like this with an eye towards the lessons I can learn.

The tactical situation in Las Vegas was impossible. I don't think you could imagine a worse situation to be in as a concert-goer. An absolute nightmare.

But, I do have a few thoughts that I think can help. And since I don't hear anyone sharing anything practical, here are my suggestions.

If you have additional practical, actionable ideas, I'd love to hear them.

Joshua

The flashlight I use is the FourSevens Mini Mark II. It's awesome. http://amzn.to/2fMdtNM

488-Q&A: What Should I Do With a Large Bonus, How Can I Counsel a Young Lady Who Is Using Her Earnings to Support Her Poor Mother

#podcast episodes (all) charity friday q & a shows Oct 02, 2017

I'm hosting a special Q&A series this week which is open to the entire listening audience.

Today we tackle:

What Should I Do With a Large Bonus?
How Can I Counsel a Young Lady Who Is Using Her Earnings to Support Her Poor Mother?

If you'd like to call in for tomorrow's show, here are the details you need to know.

Joshua

487-Friday Q&A: Should I Use a Whole Life Insurance Policy as My Retirement Bridge, Should I Concentrate All of My Investment Accounts With One Manager

#podcast episodes (all) financial advisors friday q & a shows whole life insurance Sep 29, 2017

On Friday's, we do Q&A for our Patrons! Today, we cover:

Should I Use a Whole Life Insurance Policy as My Retirement Bridge?
Should I Concentrate All of My Investment Accounts With One Manager?

Joshua

I forgot to mention at the end of the discussion...if you sign up for a free Personal Capital account with this link, I get a small commission. www.radicalpersonalfinance.com/personalcapital
IRS instruction on avoiding the early distribution penalty: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distributions
Here are the call-in instructions for next week's special call-in shows. httpshttps://twitter.com/JoshuaSheats/status/913854177721376768://twitter.com/JoshuaSheats/status/913854177721376768

486-Ignore the Republicans...What Do You Think Is the Right Approach To Income Taxation and Why?

#podcast episodes (all) fiscal policy personal philosophy politics taxation Sep 28, 2017

I feel like I owe it to you to keep you semi-current on the state of tax policy in the USA. But, it's too early to have any serious details about the current Republican proposals.

I thought instead we could have a useful philosophical discussion about taxation. My challenge to you today is to answer these questions, for yourself.

Do you believe that a civil government has the moral right to tax an individual's income? Why or why not?
- Do you believe that the US civil government has the constitutional right to tax an individual's income?
If you believe that a civil government does have this right, how much of a person's income can they claim? What's the right number and how would you know?
Do you believe that everyone should be required to pay income taxes?
Do you believe that some people should be treated differently than others and so be ordered to pay a different rate of income tax than others? Why or why not?
- If so, how would we determine who should be treated differently...

484-How Should I Handle a Sizable Gift From My In-Laws?

#podcast episodes (all) inheritance intra-family transfers Sep 25, 2017

Today's question involves a generous financial gift from an in-law. How should this listener handle it to make sure it's a blessing and not a curse?

Joshua

Support RPF on Patreon: www.radicalpersonalfinance.com/patron

483-This Too Shall Pass: Keep Pressing Forward

#podcast episodes (all) motivation personal philosophy Sep 22, 2017

I'm just wrapping up a week and I've been off the mic for all of it due to being sick.

Wanted to share with you a short motivational monologue to encourage you to keep pressing forward in the challenges you're facing today.

This too shall pass.

Joshua

482-The Equifax Data Breach: Background, How It Affects You, and the Minimum Steps You Need to Take to Protect Yourself

#podcast episodes (all) financial privacy identity theft protection Sep 15, 2017

Today we tackle the Equifax security breach. This is the most damaging release of personal information ever. And you need to take it seriously.

You must assume that you have been affected. At this point, I see no reason to even trust the official Equifax website. Here's why.

Clark Howard's excellent credit freeze guide: http://clark.com/personal-finance-credit/credit-freeze-and-thaw-guide/
Another excellent one by the Justin Carroll and Michael Bazzell: https://privacy-training.com/CreditFreeze.pdf
I forgot to mention this on the show, but here's a link for those of you who are readers of the resources. The IRS seems to use social media to find people committing tax fraud.
Source: http://taxprof.typepad.com/taxprof_blog/2017/08/the-irs-is-mining-taxpayer-data-on-social-media-in-violation-of-federal-privacy-law.html
The official Equifax response website: www.equifaxsecurity2017.com
Why the Equifax breach is possibly the worst leak of personal information ever.
What should you do...

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