Radical Personal Finance

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 alloc...

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...

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...

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/ra...

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 incl...

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...

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...

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 Q...

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! Jo...

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. Smar...

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 de...

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.radicalper...

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 adventurou...

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 th...

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, t...

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...

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 b...

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 knowledg...

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

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 k...

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 in...

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...

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...

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/pa...

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 immi...