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
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.
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:
We face a massive problem in the United States right now. Put simply:
The government has only three sources of funds:
There's enough evidence for honest, careful people to predict the strong probability of future crises.
The problem is, we can't know when these crises will occur.
But it's time to start preparing.
Today, we continue the Asset Protection series with an in-depth look at health and education accounts. Specifically, we cover:
1:45 - Is it moral to support the current capitalist system of economics?
32:20 - How can I figure out how much umbrella liability insurance to purchase?
39:00 - Does having a higher umbrella liability insurance policy make you the target of a lawsuit?
46:05 - I want to buy a house but I'm in the middle of paying off debt (on Dave Ramsey's Baby Steps plan). Should I pay off the debt first?
1:00 - Should I roll my 401(k) over to my new job or into an IRA?
11:30 - How should I prepare for a meeting with an estate planning attorney?
17:55 - How should I decide to indulge myself with a luxury expense?
35:45 - Life insurance advice for a newlywed couple.
48:05 - How can I maximize the value of my business for sale?