Radical Personal Finance

Today I tell you why we don't have health insurance in my family and what we do instead! We continue our health insurance series today with a discussion of Christian Health Care Sharing Ministries. Perhaps the Health Care Sharing Ministries shouldn't be in this series because they are not actually health insurance. But, if you're a participant in an approved organization, you qualify for an exemption to the Obamacare tax penalty (for not having health insurance). Personally, I love the concept of these organizations and I have nothing but good things to say about my experience with Samaritan Ministries (which is the one that my family participates in). In today's show I give you a background of these companies and my own experience and opinion of them. There are 5 major options for you: 1. Samaritan Ministries http://samaritanministries.org/ 2. Christian Healthcare Ministries http://www.chministries.org/ 3. Medishare – Christian Care Ministry https://mychristiancare.org/medi-share/ 4. Liberty Health Share http://www.libertyhealthshare.org/ 5. Altrua Health Share http://altruahealthshare.org/ Enjoy the show! Joshua p.s., if you join Samaritan Ministries, please remember to tell them that "Joshua Sheats" sent you so that I can get a small discount!

• Start your search for a financial advisor here: www.radicalpersonalfinance.com/paladin
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One of the major burdens that the passage of the Affordable Care Act placed upon us is that we are required by law to maintain health insurance coverage. Or, if we don't, we have to pay a tax penalty.

But, as with most taxes, the Obamacare tax penalty is, in some ways, optional.

In today's show I teach you all of the ways that I know to escape it!

We cover:

• How to calculate the tax penalty
• What happens if you don't pay the penalty
• All of the exemptions that you can qualify for

Enjoy!

Joshua

• Book a consulting call with me here: www.radicalpersonalfinance.com/phonecall
• Support RPF on Patreon! www.radicalpersonalfinance.com/patron
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If you're building a business, you may reach a point in time at which you need more money to expand your operation than you're currently receiving from your revenues.

Traditionally, this is where you would either go out and solicit more investors to back you or perhaps go and borrow money from a bank.

But, thanks to major changes in the law, there's another option now available to you: equity crowdfunding.

Equity Crowdfunding is a way for companies to solicit investments from individuals similar to how product crowdfunding sites like Kickstarter, et al, solicit sales from individuals.

There are tremendous possibilities here for you as a business owner.

But, don't skip this show if you simply don't own a business.

You may be interested in this topic from the perspective of a business owner! You can participate as an investor with these companies yourself!

Enjoy the show,

Joshua

• Get Nathan's Book on Amazon: "Equity Crowdfunding: The Complete Guide for Startups and Growing Companies"
• Or get a free sample chapter from his website: http://assembleadvisory.com/book/
• Please support me on Patreon! www.radicalpersonalfinance.com/patron

So, you set a goal for your income next year. Great! Good job!

That's a nice place to start.

But it does nothing for you if you don't translate it into an hourly income goal.

Listen to the show to find out why and how.

Joshua

• Join the RPF Facebook group! (It's free now!) https://www.facebook.com/groups/RadicalPersonalFinance/
• If you'd like to calculate your hourly wage, try this quick little calculator I made: https://docs.google.com/spreadsheets/d/1de4hvloZAoAXJCOsE9DZuRAAeNdO2skAIIxhR6lxGYU/edit?usp=sharing
• Please support me on Patreon! www.radicalpersonalfinance.com/patron

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

Happy Thanksgiving Day, Radicals!

Joshua

One of the thorny research projects which I'm personally undertaking is to study the most effective ways to invest my money and my life into my local community without passing through the financial services intermediaries.

Friends, it ain't easy.

Our entire world is wired to go through the mainstream banking/investment/etc. industry. And it's not easy to break free.

But, I'm convinced that it is possible.

So, I'm working on it.

And today, I've invited a new friend of mine on the show to explain how he does it.

Tim Yarbrough is an entrepreneur and investor from Alabama who has been in business for over 40 years. He has personally invested in dozens of companies there in his community.

Today, he shares his wisdom from 40 years of experience with you and with me.

Enjoy!

Joshua

• Support RPF on Patreon: www.radicalpersonalfinance.com/patron
• Book a consulting phone call with me: www.radicalpersonalfinance.com/phonecall

Today we continue our health insurance series with a discussion of the Premium Tax Credit.

The Premium Tax Credit is available for those whose income is between 100% and 400% of the Federal Poverty Level who purchase their health insurance through a government-run marketplace.

The dollar amounts involved can be substantial if you're in that range.

Pay attention,

Joshua

• IRS Publication 974: Premium Tax Credit
• Michael Kitces article on the Premium Tax Credit
• Support RPF on Patreon: www.RadicalPersonalFinance.com/patron
• Book a consulting phone call with me: www.RadicalPersonalFinance.com/phonecall

Today I've invited real estate investor Joe Fairless on the show. And yes, we chat about real estate.

But, I don't have him on to speak about real estate exclusively.

Rather, I want you to pay careful attention to how he got into real estate in the first step.

Pay attention to the arc of his overall career.

And then model him.

Joshua

• Joe's website: www.joefairless.com
• Support RPF on Patreon: www.radicalpersonalfinance.com/patron
• Book a consulting call with me: www.radicalpersonalfinance.com/phonecall

Today, I share my thoughts on the Trump/Clinton election and connect it with a discussion of why I'm philosophically and morally opposed to Obamacare. (Hint: it's not because I hate sick people.)

Joshua

• Support RPF on Patreon: www.radicalpersonalfinance.com/patron
• Book a consulting phone call with me! www.radicalpersonalfinance.com/phonecall