Radical Personal Finance

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.

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?

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?

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

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!

• Sign up to support the show on Patreon: https://patreon.com/radicalpersonalfinance
• Private consulting is $150 off. Email [email protected] with coupon code MARCHMADNESS
• All courses are 20% off with code "CORONAVIRUS" at https://radicalpersonalfinance.com/store
• Take my Family Preparedness class: https://radicalpreparedness.com Use "CORONAVIRUS" to save 20%

Quick update:

• I'm available for private consulting. Hourly rate is discounted from $400 to $250 until the end of March with code MARCHMADNESS Email me: [email protected]
• Courses are 20% off with code "CORONAVIRUS" at www.radicalpersonalfinance.com/store and at www.radicalpreparedness.com

"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?"

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?

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

Joshua