476-Pathways to Financial Freedom (in 10 years or less): Expediter Trucking (and other live-on-the-job opportunities)

Yesterday I was watching the solar eclipse (up north in the 100% band) and I happened to have breakfast with an expediter.

Not sure what that is?

Basically, a truck driver who drives a van. (More in the audio show.)

As we ate, I tried to lay out a few paths on how he could become financially free based on his current work.

And, I promised him a show on the topic.

So, you get to listen in as I tell him--and you--how any normal person can use a live-on-the-job opportunity as a trampoline to bounce them into the upper tiers of financial abundance.

Enjoy!

Joshua

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475-Friday Q&A: Should I ReFi My CC Debt with a HELOC, Does Passion for a Job Come After You Have Experience, Should I Dump The Military Survivor Benefit Plan in Favor of a Whole Life Policy?

Time for Friday Q&A! If you'd like to join for a future show, sign up here: www.radicalpersonalfinance.com/patron

Today, we cover:

  • 2:00 Should I refinance my credit card debt by moving it to a HELOC?
  • 34:10 Do you have passion for a job before the fact or do you become passionate about it after you're good at it?
  • 42:30 Should I drop the military's Survivor Benefit Plan for my pension in favor of buying a 10-year whole life insurance policy?

Enjoy!

Joshua

Ā 

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474-The Interplay of Human & Financial Capital, Wages & Profits, Rents and Business

As I celebrate the opening of the registration page for the beta launch of the new Radical Personal Finance Guide to Career & Income Planning, I intend to share with you a few simple lessons related to career and income.

Today, we begin with the philosophical fundamentals: the interplay of human capital and financial capital. We all start with what we have (human capital) and use it to create financial capital, which we ultimately work to have in surplus. Once we have surplus, we get to decide what to do with it.

Enjoy!

Joshua

  • Try Hello Fresh to get awesome, pre-measured fresh ingredients delivered right to your front door! Save $30 off your subscription with code RPF30! www.hellofresh.com/rpf30
  • If you're interested in joining the beta launch of my new Guide to Career and Income Planning, I've got 65 seats left. Registration closes either on 8/20 or when I sell out the seats, whichever comes first. More details here: www.radicalpersonalfinance.com/career
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473-What's Wrong With Radical Personal Finance?

I've had a tough summer. I have nothing to complain about. I've been richly blessed and, in almost every way outside of Radical Personal Finance, life has been sweet. But, RPF hasn't been so great for me. And, if it hasn't been so great for me, it might not have been so great for you either.

I thought you might appreciate hearing the explanation and the story.

It's important to me to share the good and the bad--the heights and the lows--with you in order to help you understand that we all share common struggles and trials.

That said, I don't think it's helpful to talk about problems unless I can also suggest a solution. And, thankfully, I've worked out some solutions to my problems. So, now I'm ready to share the problems with you!

I've figured out what's wrong with Radical Personal Finance. And [I think] I've figured out how to fix it!

Here's the story...

Joshua

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472-Friday Q&A: Can I Have Both a SIMPLE IRA and a Traditional IRA, What Personal Finance Books Does Joshua Recommend, What Three Investments Would I Buy To Leave Alone for a Decade, What Are the Rules of Thumb for Who Should Buy Long-Term Care Insurance

On Fridays we do a live Q&A which is open to Patrons of the show. Become a Patron at www.RadicalPersonalFinance.com/patron

Today we cover:

  • Can I Have Both a SIMPLE IRA and a Traditional IRA
  • What Personal Finance Books Does Joshua Recommend
  • What Three Investments Would I Buy To Leave Alone for a Decade
  • What Are the Rules of Thumb for Who Should Buy Long-Term Care Insurance
  • And more!

Joshua

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471-Friday Q&A: What's the Best Type of Retirement Plan for my Wife's Side Business, How Can I Help My Sister-in-Law Who is Asking me for Financial Advice, Should I Pay Off My Debt as Fast as Possible or Save Up and Pay it Off in Large Chunks?

On Fridays, I host a Q&A call. PatronsĀ of the show are invited to call in and ask any question they want!

Today, we cover:

  • (1:57) What's the best type of retirement plan for my wife's side business? (SEP IRA, SIMPLE IRA, Solo 401(k)?)
  • (16:45) How can I help my sister-in-law who is asking me for financial advice?
  • (30:20) Should I pay off my debt as fast as possible or save up and pay it off in large chunks of money?

Joshua

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470-The Danger of a Financial Plan Built on Extremely Low Spending Projections

There's been an interesting switch in the world of personal finance wherein some people are building financial plans based on extremely low spending projections. In essence, some people assume that if they can live on an extremely low budget per year today, they can build a long-term financial plan predicated on maintaining that spending forever.

I think this is a dangerous assumption. And, in today's show, I explain why.

Joshua

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469-Friday Q&A: Is It Legit That You Can Find Missing Money That's Still Unclaimed, Should I Take Free Housing With a Longer Commute, How Do I Deal With Massive Medical Bills, Do I Need a Personal Insurance Agent, and What Three Books Would Joshua Take to

Welcome to another Friday Q&A Show! Today, we cover:

  • Is It Legit That You Can Find Missing Money That's Still Unclaimed
  • Should I Take Free Housing With a Longer Commute
  • How Do I Deal With Massive Medical Bills
  • Do I Need a Personal Insurance Agent
  • What Three Books Would Joshua Take to A Desert Island?

If you'd like to join me for a future Q&A show, become a Patron of the show atĀ http://patreon.com/radicalpersonalfinance

Joshua

  • Save $30 off a new subscription for awesome food at www.HelloFresh.comĀ using coupon code: "RPF30" Give it a try!
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468-Friday Q&A: How does an LLC Protect My Liability and Help Me Save on Tax, How Can I Lower My Tax Bill on the Sale of My House

Friday Q&A is back! Today:

  • How does an LLC Protect My Liability and Help Me Save on Tax?
  • How Can I Lower My Tax Bill on the Sale of My House?

If you'd like to participate on a future show, sign up here!Ā https://patreon.com/radicalpersonalfinance

Joshua

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