I've long struggled to know how to advise people with regard to debt. On the one hand, the use of debt can dramatically increase the financial returns of an investment. On the other hand, debt can have a dramatic negative impact on the lifestyle of the borrower when everything goes wrong.
So, how do we reconcile these two things?
I've come to see that they're two entirely different scales. Because they are two totally different scales (think: how do kilograms and degrees Fahrenheit interact with one another), it's hard to simultaneously factor in both.
Enjoy the show,
Joshua
I've alluded to my long-term guess that the US Government will default on many of its current promises.
But, I've never really supported that argument.
I thought I'd kick that support off today by sharing with you a succinct and coherent description of the problem by reading Professor Laurence Kotlikoff's testimony to the Senate Budget Comittee in 2015.
Enjoy,
Joshua
I've never invested in raw land. My #1 reason? Since raw land has no utility, there's no way to pull income from it. And at this stage of my life, I value income-producing assets.
But, my guest on today's show has a great system for solving that problem.
He has parlayed raw land into a very helpful income stream leading to his own financial freedom.
Enjoy my interview with Mark!
Joshua
Today's episode is Part 2 of a mini-series on the seasons of life.
The world of work is changing rapidly. We find ourselves pressed on all sides to do more work and different work.
And yet in personal finance circles, the focus of our conversation is quite frequently how to get out of work.
I believe work is a blessing and not a curse. And that to run from work is the wrong answer.
And yet how can we adjust our relationship with work so that it feels more meaningful and less ephemeral?
Part of the answer is in learning to work with the natural seasons of life.
Enjoy,
Joshua
Poverty is hard. Money helps to make life less hard. But, in our modern world, it's hard to figure out how much money is enough.
As you go through the seasons of your life the usefulness of money will wax and wane.
Money comes with a cost: time, labor, risk, attention.
You need to think carefully about the season of your life you're in and consider the unique value of money during this particular season.
Joshua
Today I have an interview for you with Ben Higgenbotham, a funeral director who's also well in tune with the Radical Personal Finance philosophy.
He's here today to share the inside scoop on how to effectively work with a funeral director so that you can get the funeral experience that your family desires without losing your shirt.
Enjoy!
Joshua
p.s., If you didn't hear it, you might want to first go and listen to Episode 409, "How to Get Yourself Put 6 Feet Under Dirt Cheap!".
That show was the "radical" approach; this discussion was intended to be a bit more mainstream. This interview was recorded almost immediately after that show was released, but I misplaced the file and neglected to get it into the schedule! Sorry, Ben!
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