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Rank #54 in Investing category

Business
Education
Investing

Radical Personal Finance

Updated 2 days ago

Rank #54 in Investing category

Business
Education
Investing
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Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.

Read more

Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.

iTunes Ratings

1490 Ratings
Average Ratings
1068
132
67
64
159

The best personal finance podcast I’ve listened to!

By NickAndersonart - Jun 01 2020
Read more
I can’t recommend this podcast enough for anyone looking for high quality information on how they can attain financial independence. Excited to continue making my way through the episodes. Thanks Joshua!

Amazing

By It's Kristof - May 31 2020
Read more
Have listened to about 30 hand picked episodes. Thank you for you candor and invaluable information. All positive vibes here. You have improved my life and future with your well thought out information.

iTunes Ratings

1490 Ratings
Average Ratings
1068
132
67
64
159

The best personal finance podcast I’ve listened to!

By NickAndersonart - Jun 01 2020
Read more
I can’t recommend this podcast enough for anyone looking for high quality information on how they can attain financial independence. Excited to continue making my way through the episodes. Thanks Joshua!

Amazing

By It's Kristof - May 31 2020
Read more
Have listened to about 30 hand picked episodes. Thank you for you candor and invaluable information. All positive vibes here. You have improved my life and future with your well thought out information.
Cover image of Radical Personal Finance

Radical Personal Finance

Latest release on May 22, 2020

Read more

Joshua J Sheats, MSFS, CFP, CLU, ChFC, CASL, CAP, RHU, REBC is a financial planner who teaches people how to live a rich life now while building a plan for financial freedom in 10 years or less. He mixes creative approaches to lifestyle design, deep-dive financial planning techniques, and hard-core business strategy to equip you with the knowledge and inspiration you need to build financial independence.

Rank #1: 481-Where Should I Keep My Emergency Fund?

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I was inspired to do this show by watching a recent conversation thread in the RPF Facebook Group about where to store your emergency fund.

I thought it'd be fun to share with you the things I think about with regard to emergency fund storage.

Enjoy the show!

Joshua

Sep 13 2017

1hr 36mins

Play

Rank #2: 666-How to Prepare for the Coming Recession

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It's official: the Yield Curve on US Debt is inverted. That's a pretty good indicator that recession is in our future.

So, today I want to tell you how to prepare for the coming recession.

Enjoy! And do.

Joshua

Sep 03 2019

1hr 13mins

Play

Rank #3: 355-How to Build a Plan for Financial Freedom in 10 Years or Less

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The tagline I created for Radical Personal Finance is this: "...the show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less."

Little by little I've been breaking this down for you and today we tackle the "financial freedom in 10 years or less" part.

I believe that, no matter where you're starting from or what your current financial condition, you can build a plan to achieve financial freedom in 10 years or less. And, in today's show, I defend that statement to you.

Enjoy,

Joshua

Jul 01 2016

57mins

Play

Rank #4: 437-Mustachianism 101: The Philosophy of Mr. Money Mustache

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On episode 425 of the podcast I interviewed Mr. Money Mustache. That episode was not intended to be an introduction to his teaching or his philosophy; rather, it was a human interest discussion with the man himself.

Today, I introduce you to the philosophy and teaching: the message.

What is mustachianism? What is the plan for financial independence espoused by Mr. Money Mustache?

Enjoy!

Joshua

Mar 20 2017

44mins

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Rank #5: 527-How to Buy a Used Car

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As a--ahem--more practical follow-up to yesterday, here is my advice for a listener on how to buy a used car.

Joshua

Feb 22 2018

1hr 2mins

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Rank #6: 364-The Laws of Wealth: Psychology and the Secret to Investing Success: Interview with Author Daniel Crosby

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My guest today is Daniel Crosby. Daniel is a behavioral economist and he has applied his expertise to the question of investing.

One of the greatest challenges investors face is managing their own behavior. Daniel has studied this problem extensively and has formulated specific recommendations to help investors manage their psychology and manage their behavior.

Enjoy!

Joshua

Aug 09 2016

1hr 10mins

Play

Rank #7: 536-The Way to Wealth by Benjamin Franklin

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On today's show we go back 250 years to see what lessons for wealth we can learn from Benjamin Franklin. This show is an audio recording of Franklin's essay, "The Way to Wealth."

Enjoy!

Joshua

Mar 26 2018

28mins

Play

Rank #8: 408-Budget Categories for the New Year that Actually Matter

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What's the point of budgeting? Isn't it supposedly supposed to help you get richer?

Well, one way to make budgeting matter is if your budget categories actually help you to understand what's happening with your money.

Today, I walk you through some of my personal budget categories and explain how they impact my spending decisions.

I don't think you'll find these budget categories in any pre-existing software. But I do think they'll be really useful to you!

Joshua

Jan 09 2017

1hr 15mins

Play

Rank #9: 600-A Complete Answer to Whether You Should Pay off Debt or Invest

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Here's the complete answer that you need to know if you should pay off debt or invest.

Nov 08 2018

40mins

Play

Rank #10: 593-Lifestyles of the Frugal and Obscure

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The Lifestyles of the Rich and Famous might make good TV  but it's the Lifestyles of the Frugal and Obscure that makes for wealthy people who keep their money.

Joshua

Oct 18 2018

45mins

Play

Rank #11: 583-Mega Friday Q&A: (two days early) Richest Man in Babylon, Children and F.I., Invest All at Once, Preparing for Marriage, What's Next, Etc!

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Today we have a mega, 2-hour Q&A show. We cover a bunch of really interesting questions:

  • How Do We Follow the Guidelines from The Richest Man in Babylon?
  • I've Reached F.I. Now How Can I Help Children Do the Same?
  • Should I Invest My Cash All At Once or Over Time?
  • How Do I Prepare My Finances for Marriage?
  • We're Out of Debt and Have Money In the Bank. What Now?
  • I'm F.I. and Sold My House. What Should I Do With the Cash?
  • How Can I Help Young Men?
  • I'm Now an Empty Nester. Should I Buy a House for Security?
  • I'm In Graduate School. Should I Get Life Insurance?
  • What Should I Do With an Old Life Insurance Policy?

Sep 19 2018

2hr 7mins

Play

Rank #12: 508-Three Ways to Save Money

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Today we cover the three basic methods to save money:

  1. Buy it cheaper
  2. Make it last longer
  3. Use it less

Any one of these strategies is useful. But the real power comes when you implement all three of them.

Listen to the show to understand why!

Joshua

Jan 08 2018

29mins

Play

Rank #13: 526-You Bought a Pickup Truck? You Idiot!

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Flipping through my feed and I cannot believe what you just did. You idiot!

Joshua

Feb 21 2018

26mins

Play

Rank #14: 400-The First Two Weeks of December Are Crucial For Your 2017 Success

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I learned the hard way not to wait until the end of December to think about how my past year went and how I wanted my next year to go.

Don't wait.

The first two weeks of December are your golden time for your year-end review process.

Details in the show!

Joshua

Dec 01 2016

20mins

Play

Rank #15: 451-The Millionaire Next Door Wealth Index: How Do You Stack Up?

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The Millionaire Next Door Wealth Index:

"Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be."

Apr 12 2017

19mins

Play

Rank #16: 476-Pathways to Financial Freedom (in 10 years or less): Expediter Trucking (and other live-on-the-job opportunities)

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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

Aug 22 2017

40mins

Play

Rank #17: 425-Interview with Mr. Money Mustache! Memorable Moments, Current Projects, Impact on the PF Community

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Today, I bring you an interview with the #1 most requested guest! Mr. Money Mustache himself.

I connected with him while up in Gainesville for Camp Mustache a couple of weeks ago.

This interview isn't about the nuts and bolts of Mustachian philosophy or on how to become financially independent in a few short years; those topics have been well covered elsewhere.

This interview is about his current life, current projects, and things he's excited about at the moment.

Enjoy!

Joshua

Feb 07 2017

35mins

Play

Rank #18: 452-The Rule of 72

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Today we tackle the Rule of 72 with a quick explanation of what it is and why it's useful to you.

Apr 13 2017

15mins

Play

Rank #19: 460-How to Decide What To Invest In

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I frequently get this question: "Joshua, what should I invest my money in?"

Well, that's a hard question to answer. I'm not you, so how should I know?

But, here are the factors I think you should consider in answering that question for yourself:

  1. time
  2. money
  3. knowledge
  4. skill
  5. temperament
  6. timing
  7. opportunities
  8. tools

Joshua

p.s., did I miss any important factors? If so, let me know in the comments.

May 24 2017

53mins

Play

Rank #20: 595-Credit Card Q&A: Getting Out of Debt, Paying off Student Loans, Using Cards for Business Inventory

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I missed several of my students' questions on the previous credit card Q&A show. So today, I wrap them up. Enjoy!

Joshua

Oct 22 2018

51mins

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Friday Q&A: Credit Score, Helping Parents, Life Insurance on Children, etc.!

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Time for live Q&A today!

  • 3:15 Does changing my credit mix improve my credit score?
  • 8:50 How can I find a good real estate deal?
  • 14:48 My parents are in their early 50s and not saving money. How can I help them?
  • 32:37 Should I buy life insurance on the lives of my children?
  • 46:37 Should I buy a rental house first or my forever house?
  • 50:46 How do I prioritize my financial goals?
  • 55:15 We're having a baby! What should I know?
  • 1:18:24 Where should I keep my emergency fund?

Enjoy!

Joshua

May 22 2020

1hr 27mins

Play

724-How to Lower the Emotional Risk of a New Venture

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Watch this episode on YouTube: https://youtu.be/BQtrLx0EELw

May 18 2020

48mins

Play

723-Friday Q&A: Future of the USA, Bank on Yourself, Master's Degree, How to Meet Smart People

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It's Friday! Today we cover:

  • 1:30 - What does Joshua think about the long-term future of the USA?
  • 25:08 - Is Bank on Yourself / Infinite Banking a good idea?
  • 56:13 - Should I get a Master's Degree right now or a job?
  • 1:13:00 - How can I start a forum to meet smart people?

Joshua

p.s., to join me on next week's Q&A show, join me on Patreon: https://patreon.com/radicalpersonalfinance 

May 15 2020

1hr 41mins

Play

722-The Biggest Lifestyle Improvement Opportunity Available To You Right Now!

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You have an incredible opportunity available to you right now. Don’t miss it!

Watch this episode on YouTube: https://youtu.be/cvFLUsmlMWI

May 11 2020

48mins

Play

721-Seven Rings of Liberty: What Do You Do When You’re Free?

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Watch this episode on YouTube: https://youtu.be/xBThQszqk4E

May 06 2020

39mins

Play

719-Why I Don’t Miss Investing in the Stock Market

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Watch this episode on YouTube: https://youtu.be/3KiE5BOwM9E

May 04 2020

1hr 10mins

Play

718-Friday Q&A: Stock Market Volatility, For-Profit Schools, Personal Self-Confidence, HELOCs, Etc.

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Watch this episode on YouTube: https://youtu.be/36fIApfStZM

  • 1:30 - Stock market volatility - are total stock index funds a safe bet?
  • 14:12 - How can I build self-confidence with public speaking?
  • 18:54 - How can I start a for-profit daycare or school?
  • 35:35 - How should I use this time to learn more about money? Other important topics?  How can I invest wisely at age 28?
  • 46:00 - Should I take out a HELOC and use it to invest in a rental property?
  • 53:00 - How can we decide whether my wife or I stay home with my son?
  • 1:00:25 - Thoughts and strategies for working at home?
  • 1:05:10 - Update on carnivore dieting?

May 01 2020

1hr 9mins

Play

717-Commit to Growth, Exercise Courage, Develop Capability, Find Confidence

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May 01 2020

23mins

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716-How to Have a Low-Cost Adventure in the Midst of a Financial Depression

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Think you can't have a traveling adventure simply because you don't have any money? Well, if you think you can or you think you can't, you're right. If you'll adjust your mindset a bit, you can head out on a traveling adventure right now.

Apr 21 2020

1hr 4mins

Play

715-Friday Q&A: Credit Card Annual Fees, Like-Kind Exchanges, What To Do Next After Debt, Side Businesses, etc.

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It's Friday! On today's live Q&A show we discuss:

  • 1:10 Should I keep a credit card with an annual fee because it helps my credit score?
  • 5:22 Should I pay off my mortgage right now or wait so I can invest in rental real estate?
  • 10:59 Will the rental market be in demand again in the future?
  • 12:22 Should I refinance my 15-year mortgage to a 30-year in order to have more cashflow?
  • 15:20 What should a Radical Personal Finance live event look like?
  • 23:47 Should I do a like-kind exchange right now or sell the property, pay the tax, and wait for the market to decline?
  • 41:43 I'm 28 and just got out of debt. What should I do next?
  • 59:26 How should I start a side business while simultaneously working a high-profit day job?

Apr 17 2020

1hr 25mins

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714-Friday Q&A: HELOCs, Deferring Mortgage, Investing for 18-Year-Olds, Moving to the Country, Voluntary Furloughs, Etc.

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It’s Friday! On today’s Q&A we cover:

  • 1:23 - Should I take the HELOC money out and put it into my bank account?
  • 4:57 - Should I defer my mortgage payments if possible?
  • 6:30 - How does this economic crisis affect my FIRE plans?
  • 16:52 - What should an 18-year-old do with $56,000 in his bank?
  • 32:49 - Should we leave our high-income job to fulfill our dream of moving to the country?
  • 48:24 - How should I give away $40,000 to $50,000 per year effectively?
  • 1:19:20 - Should I take a voluntary furlough from my job?
  • 1:24:12 - How should I set up my new business structure?
  • 1:40:45 - How do I choose between two good job offers?

Apr 10 2020

1hr 59mins

Play

713-How to Profit From a Recession

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We're in a recession. It hasn't been "officially" acknowledged yet, but it certainly will be.

So let's talk about how you can profit from this situation.

With the right attitude and the right decisions, you can come out of this difficult time positioned for greater and greater success.

Let's talk about how,

Joshua

Apr 07 2020

1hr 25mins

Play

712-How to Respond to An Emergency Loss of Income

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Mar 31 2020

47mins

Play

711-Friday Q&A: COVID-19 Update, Positive Thinking, Working Class Mentality vs. Rich Mentality, Ethical Problems, Market Participation, etc.

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It's Friday! In today's Q&A show we cover:

  • 1:00 Joshua's predictions on COVID-19
  • 17:32 How to be positive during COVID-19
  • 27:00 How to walk away from a working class mentality and adopt a rich mentality
  • 52:12 Is it ethical for me to take unemployment insurance?
  • 1:03:13 Is this a good time to go into the market?

Enjoy!

Mar 27 2020

1hr 20mins

Play

Short Update: Courses, Consulting, and What a Man Really Needs

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Quick update:

“To be truly challenging, a voyage, like a life, must rest on a firm foundation of financial unrest. Otherwise, you are doomed to a routine traverse, the kind known to yachtsmen who play with their boats at sea… “cruising” it is called. Voyaging belongs to seamen, and to the wanderers of the world who cannot, or will not, fit in. If you are contemplating a voyage and you have the means, abandon the venture until your fortunes change. Only then will you know what the sea is all about.

“I’ve always wanted to sail to the south seas, but I can’t afford it.” What these men can’t afford is not to go. They are enmeshed in the cancerous discipline of “security.” And in the worship of security we fling our lives beneath the wheels of routine – and before we know it our lives are gone.

What does a man need – really need? A few pounds of food each day, heat and shelter, six feet to lie down in – and some form of working activity that will yield a sense of accomplishment. That’s all – in the material sense, and we know it. But we are brainwashed by our economic system until we end up in a tomb beneath a pyramid of time payments, mortgages, preposterous gadgetry, playthings that divert our attention for the sheer idiocy of the charade.

The years thunder by. The dreams of youth grow dim where they lie caked in dust on the shelves of patience. Before we know it, the tomb is sealed.

Where, then, lies the answer?

In choice. Which shall it be – bankruptcy of purse or bankruptcy of life?”

Mar 25 2020

13mins

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710-Friday Q&A (Please Listen! SERIOUS Financial Concerns Discussed & Analyzed)

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It's Friday! We have a Q&A show today. But please listen. My economic concern continues to grow and I want you to be prepared for what could happen economically in the future. It's very serious.

  • 1:15 I have a family member stuck in Costa Rica. How do they get home?
  • 4:10 I'm about to get a tax refund. What should I do with the money?
  • 33:05 Should I be working in California or Spain at the moment? How can I profit from the current crisis?
  • 52:25 Why should I have thousands and thousands of dollars of physical currency available to me right now?
  • 1:16:15 How can I properly integrate a Dave Ramsey portfolio into my life?

Mar 20 2020

1hr 49mins

Play

709-Don't Fight the Seas, Simply Change Your Goals Instead

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Your goals can be changed in an instant; the seas cannot. It's easier to simply change your goals than the seas ahead.

Joshua

Mar 19 2020

42mins

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708-Understanding the Rough Economic, Fiscal, & Monetary Waters Ahead

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Mar 18 2020

1hr 7mins

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707-Where Do We Go From Here? (COVID19)

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Perhaps, like me, you're having a hard time getting your brain to accept what you're seeing around you and on the news and you're trying to figure out what's going on.

In working through this problem, I decided to chart out my Best-Case Scenario and my Worst-Case Scenario for both the medical problem of the COVID-19 pandemic and the economic outlook.

I figured I might as well turn the microphone on and let you listen in.

I hope it's useful.

Joshua

Mar 15 2020

1hr

Play

706-Friday Q&A: Rentals, Down Payments, Refinancing, Career Transition, Quitting Job Right Now, Tax Loss Harvesting, EU Citizenship, 401(k) Loans, Nomad Living, Prepping and Keto Diets, Etc.

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It's Friday! Time for Q&A. In today's show we cover:

  • 1:30 - How should I prepare for buying rental real estate in 2 years?
  • 10:40 - Should I contribute to retirement savings while saving a down payment?
  • 13:15 - Should I use a Roth IRA to accumulate a down payment?
  • 18:00 - If I refinance my mortgage to get lower rates, what should I do with the money?
  • 26:15 - How can I make the transition from a lucrative career to a side hustle?
  • 45:45 - Should I quit my job right now, given the recent changes in the economy?
  • 51:15 - Can I do tax loss harvesting with two index funds?
  • 54:05 - My wife is a French citizen. Should I also pursue French citizenship?
  • 1:01:00 - How do I know when it is time to buy a stock?
  • 1:03:10 - Should I take a 401(k) loan to set aside for potential opportunities?
  • 1:14:30 - How can I become freer and richer by setting up a nomad lifestyle?
  • 1:47:20 - How can I prep and build food storage while maintaining a Ketogenic diet?

Enjoy!

Joshua

Mar 13 2020

2hr 5mins

Play

iTunes Ratings

1490 Ratings
Average Ratings
1068
132
67
64
159

The best personal finance podcast I’ve listened to!

By NickAndersonart - Jun 01 2020
Read more
I can’t recommend this podcast enough for anyone looking for high quality information on how they can attain financial independence. Excited to continue making my way through the episodes. Thanks Joshua!

Amazing

By It's Kristof - May 31 2020
Read more
Have listened to about 30 hand picked episodes. Thank you for you candor and invaluable information. All positive vibes here. You have improved my life and future with your well thought out information.