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Radical Personal Finance

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.

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666-How to Prepare for the Coming Recession

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

1hr 13mins

3 Sep 2019

Rank #1

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481-Where Should I Keep My Emergency Fund?

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 www.radicalpersonalfinance.com/patron

1hr 36mins

13 Sep 2017

Rank #2

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355-How to Build a Plan for Financial Freedom in 10 Years or Less

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 Support RPF on Patreon: www.radicalpersonalfinance.com/patron

57mins

1 Jul 2016

Rank #3

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623-Friday Q&A: Life Insurance, Protecting Money in Brokerage Accounts, Optimizing Taxes while Living in Bermuda, etc.

2:00 - Life insurance advice for a recently married husband 6:15 - How can I make a back-door Roth contribution without being subject to the pro rata rule? 11:35 - How can I protect the money in my taxable brokerage accounts? 20:50 - How can I optimize my tax situation as an expat living in Bermuda? 47:20 - I live in China and am returning to the USA. What should I do with my money? 50:25 - How should I balance paying off debt with real estate investment? 1:03:05 - How can I invest for my 15-month old daughter?

1hr 40mins

1 Feb 2019

Rank #4

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

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 Start your search for a great financial advisor here: www.radicalpersonalfinance.com/patron Please support the show directly as a Patron: www.radicalpersonalfinance.com/patron

44mins

20 Mar 2017

Rank #5

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527-How to Buy a Used Car

As a--ahem--more practical follow-up to yesterday, here is my advice for a listener on how to buy a used car. Joshua Please support RPF on Patreon: www.RadicalPersonalFinance.com/patron

1hr 2mins

22 Feb 2018

Rank #6

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616-If Missing One Paycheck is a Problem For You, You're Behaving Stupidly

Stop behaving stupidly with your money. NPR story: https://www.npr.org/2019/01/09/683519210/air-travelers-and-workers-may-feel-government-shutdown-effects SNL: Don't buy stuff you can't afford: https://youtu.be/Qb8hTzUoI54

44mins

9 Jan 2019

Rank #7

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

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 You're Not That Great! http://rpf.link/2aIuwry The Laws of Wealth: Psychology and the Secret to Investing Success http://rpf.link/2aJLUiT Support RPF on Patreon: www.radicalpersonalfinance.com/patron

1hr 10mins

9 Aug 2016

Rank #8

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536-The Way to Wealth by Benjamin Franklin

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 Here's a text version of Franklin's essay: https://liberalarts.utexas.edu/coretexts/_files/resources/texts/1758%20Franklin%20Wealth.pdf Please support RPF on Patreon: www.radicalpersonalfinance.com/patron

28mins

26 Mar 2018

Rank #9

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408-Budget Categories for the New Year that Actually Matter

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 246-You Need a Budget and Here’s the Best Way for You to Make One! Interview with Jesse Mecham, Founder of YNAB 273-Three Budgets You Should Establish for 2016: Time, Money, and Food Try YNAB free for 34 Days! www.RadicalPersonalFinance.com/YNAB Use Libsyn to host your very own podcast! www.libsyn.com Get first month free with coupon code "radical." Support RPF on Patreon! www.radicalpersonalfinance.com/patron

1hr 15mins

9 Jan 2017

Rank #10

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600-A Complete Answer to Whether You Should Pay off Debt or Invest

Here's the complete answer that you need to know if you should pay off debt or invest. Sign up for my Credit Card Course: How to Borrow Money Safely and Never Pay Interest Using Credit Cards www.radicalpersonalfinance.com/creditcardcourse

40mins

8 Nov 2018

Rank #11

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593-Lifestyles of the Frugal and Obscure

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 If you're interested in learning how to borrow money safely and never paying interest with credit cards, go buy my new course! www.radicalpersonalfinance.com/creditcardcourse

45mins

18 Oct 2018

Rank #12

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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!

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?

2hr 7mins

19 Sep 2018

Rank #13

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508-Three Ways to Save Money

Today we cover the three basic methods to save money: Buy it cheaper Make it last longer 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 The examples in today's show come from the peerless frugality book "The Complete Tightwad Gazette: Promoting Thrift as a Viable Alternative Lifestyle" by Amy Dacyczyn. Start tracking your money with YNAB: www.RadicalPersonalFinance.com/YNAB

29mins

8 Jan 2018

Rank #14

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526-You Bought a Pickup Truck? You Idiot!

Flipping through my feed and I cannot believe what you just did. You idiot! Joshua Please support RPF on Patreon: www.RadicalPersonalFinance.com/patron

26mins

21 Feb 2018

Rank #15

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400-The First Two Weeks of December Are Crucial For Your 2017 Success

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 Last-minute tax planning ideas for you: https://radicalpersonalfinance.com/last-minute-tax-planning-ideas-to-save-you-money-rpf0121/ Take Michael Hyatt's awesome Life Score Assessment to help give you clarity on your success in 10 areas of your life: http://bestyearever.me/a18455/2017assessment

20mins

1 Dec 2016

Rank #16

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

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."

19mins

12 Apr 2017

Rank #17

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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 The novel I mentioned is Enemies Foreign and Domestic by Matthew Bracken.

40mins

22 Aug 2017

Rank #18

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

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 Try Hello Fresh! Get $35 off your first order at www.HelloFresh.com with promo code RPF. Support RPF on Patreon! www.radicalpersonalfinance.com/patron

35mins

7 Feb 2017

Rank #19

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452-The Rule of 72

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

15mins

13 Apr 2017

Rank #20