Wages provide you with the financial fuel you need to build wealth. So it absolutely stinks when those wages are sucked up by your creditors in wage garnishments. So how can you protect your wages and keep them for yourself?
That's what we discuss today!
One of the most fundamental decisions you can make in life is to marry or not to marry. If you marry, your life, your budget, and your career will look dramatically different than a peer who remains unmarried.
Marriage can be one of the biggest blessings to your life, resulting in greater happiness, better health, a higher income, and more wealth.
Marriage can also be one of the greatest curses you can experience and it can devastate your emotional state, your physical health, your career, and your wealth.
So, you need to choose wisely.
In Part 1of this series, I discussed various ways that you can prepare yourself to be attractive to an excellent wife.
In today's show, I do my best to give you an honest assessment of the risks involved so you can choose whether you desire to marry or to remain unmarried.
I hope it's thought-provoking.
On Fridays we do Q&A! Today:
1:20 How can I effectively move from New York to Florida in order to end my tax residency?
17:20 What should I do with the life insurance I'm offered at work?
23:00 How do you advise someone to develop an overarching investment philosophy?
48:05 Should I put money into a 529 plan for my not-yet-conceived children?
If you'd like to join me next week, go here: www.patreon.com/radicalpersonalfinance
Today, I'll teach you how a 25-year-old $100,000-earner could increase their estate by $90,000,000 by simply moving outside of the United States.
One of the most effective things you can do when trying to figure out how to build wealth is to find ways to save big money. Fast. And since Americans collectively spend more on taxes than housing, food, and clothing—combined—you should start by trying to save money on taxes.
Today, I give you my case for why you should consider moving to a No-Income-Tax state.
Today, we continue our Asset Protection Planning series with a deep look at the Personal Property Exemptions. I've never heard asset protection planners give much attention to the Personal Property Exemptions. But that's understandable to me.
When dealing with the mega-wealthy, it's hard to see how the Personal Property Exemptions make any difference in terms of financial planning.
But, for a "mere mortal," I think there's a really good argument that the personal property exemptions can be really important.
Tune in to the show to hear why!
As I recently finished my course on "How to Survive and Thrive During the Coming Economic Crisis," I was struck with how simple and feasible the individual solutions are, while how utterly impossible and difficult the collective solutions are.
Choose success and happiness by focusing on the individual solutions you can put in place in your own life.
p.s., If you haven't yet, go check out my newest course!
1:20 Should I change my whole life insurance policy because my income is going down?
18:40 Why do you think Walmart has done more good for poor people than any non-profit organization?
30:00 How should I adjust my asset allocation now that I'm retiring?
42:40 Should I pay off my mortgage on my retirement house?
49:15 Where should I keep my medium-term savings?
52:00 How can I include real estate in my Permanent Portfolio?
58:00 How can I invest in the people in my community?
1:05:00 Can I use a private foundation for my wealth planning?
Yesterday, I released to you a discussion on the Federal Debt in the United States. That show should be your introduction to this problem.
But in thinking about it, I felt like it was incomplete. I wanted to present some useful materials, in audio format, for listeners who don't have a firm background in the fundamentals of the problem.
So I decided to go in-depth to try to lay out the problem very clearly.
This show is deep and difficult. It holds quite a bit of my reading to you--but also some interesting commentary.
If you're trying to understand the underlying, structural problems more clearly, listen to the show.
If you prefer reading, start with these two links: