Radical Personal Finance

Hey Radicals!

I'm heading to California today for #FinCon16. I'd love to connect with as many of you as possible while I'm there!

I'll be available on Thursday, Friday, and Saturday (9/22 to 9/24).

Reach out to me on Twitter and let's schedule a time to connect! https://twitter.com/JoshuaSheats

Joshua

We know that it's worthwhile to increase income in order to reach our financial goals more quickly. But how can we do that?

One proven way is to get advanced education by attending graduate school.

My guest today is Matt Miner. He followed the time-worn path of attending graduate business school as a way of significantly increasing his earnings and he's learned from that experience. He's also studied the issue extensively, so he brings both personal experience and study to this question.

In this show we discuss:

• Matt's personal path to improved finances
• His advice on how to answer the question of, "Should I go to graduate school?"
• Various options and ways to get the thing done!

Enjoy the show!

Joshua

• Matt's website: http://www.designindependence.com/
• Support RPF on Patreon: www.radicalpersonalfinance.com/patron
• Sign up for a consulting call with me: www.radicalpersonalfinance.com/phonecall

I received the note below from a listener of my show and today I answer it!

Enjoy,

Joshua

----- Hi Mr. Sheats! I'm a home educated 13-year-old fan of your podcast. I love how in-depth, interesting, and out-of-the-box it is. I used to listen to the Dave Ramsey Show a lot, but that got really bland, so my dad suggested your show. I love it! I've been listening pretty much daily since January of this year, and you've inspired me to become financially independent before age 30. Right now, I'm saving 70% of my income from working at my parents' dental office and trying to develop skills that will get me closer to that goal (such as math, coding, and finance, all things I love learning about and think have the best potential to help me become financially independent). Do you have any advice for a thirteen-year-old listener like me? As for a specific question, I was wondering whether you would recommend I continue doing high school at home or attending our local public school. I'm really interested in taking CLEP classes since those could help me finish college faster. As far as I can tell, the pros of public school are:

• I'm pretty extroverted, so being able to hang out with friends every day sounds fun (although I'm sure high school isn't just hanging out!). The high school in our district is ranked 10/10, so it's supposed to be a good school academically.
• It might be a good way to get a feel for going to a "normal" school and make getting used to staying at the teacher's pace, and other skills I might need for college easier.
• The transcript is automatic, but in home education, you have to detail everything yourself and make sure it fits with requirements.

Cons:

• I love being home educated!
• I'm an independent learner, and I can learn faster just reading something and taking a test than sitting in class for an hour.
• I'd probably have less time in a public school as opposed to home education. Other than hanging out with friends, writing my fantasy novel, and playing music, I want to spend my free time as a homeschooler learning skills, experimenting with starting a business, and studying CLEP.
• I'd have to stick with the class, but with home education, everything's based on your pace, so you can go faster.
• I love how we can take vacations or days off sporadically, but in public school, with such long summer breaks, etc, you can't miss a day comfortably.
• I'd have to wake up early (;

Thanks for all your time!

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

My guest today is Lauren Greutman. Lauren has been on RPF before (with her husband Mark) way back at Episode 108.

But today she's back today as part of the book launch tour for her brand-new book: The Recovering Spender: How to Live a Happy, Fulfilled, Debt-Free Life.

In today's episode, we cover:

• Lauren's personal story and her highs and lows
• Lauren's systematic, step-by-step advice for how to overcome a spending addiction
• And more!

Enjoy the interview!

Joshua

• Lauren's book on Amazon: The Recovering Spender: How to Live a Happy, Fulfilled, Debt-Free Life http://rpf.link/2cqaNj8
• Lauren's website: www.IAmThatLady.com
• Support RPF on Patreon: www.radicalpersonalfinance.com/patron
• Want to schedule a consulting call with me? Book here: www.radicalpersonalfinance.com/phonecall

On Fridays, we do Q&A. Today we cover:

• How Should I Structure My Purchase of an iPhone?
• What Should I Think About When Buying a House?
• How Many Credit Cards Should I Have For Optimal Living?
• How Should I Value My Defined-Benefit Pension Plan

If you'd like to join for a future Q&A call, join here: www.radicalpersonalfinance.com/patron

Joshua

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

You want to start a business...so, you have to decide what type of business entity to use, right?

Well, yes and no. Yes in the sense that it is an important decision. But no in the sense that you should first focus on how you're going to build the business...and you should probably just start the business and see if it will work.

But, it is an important decision. And there is a lot of confusion over all these entities.

Today we cover these entities in an introductory capacity:

• Sole Proprietorship
• Partnership
• C Corporation
• S Corporation
• Limited Liability Company (LLC)
• Limited Liability Partnership (LLP)

My intention is not to give you all the details but simply an overview so you will feel more confident soliciting the professional advice that you need for your specific situation.

Joshua

• Need a financial advisor? Start your search here: www.radicalpersonalfinance.com/paladin
• Support RPF on Patreon: www.radicalpersonalfinance.com/patron
• Book a consulting call with me: www.radicalpersonalfinance.com/phonecall

Whatever begins to exist has a cause.

This fundamental truth governs much of your thinking. And yet, have you stopped to consider its application and how you can adjust this to your benefit?

The law of cause and effect is operational in your daily life.

And yet, many people focus on the things they want (the effect) without every once stopping to think about how to get there! They don't think about the causes that are necessary to achieve a certain effect!

In today's show, I give you a series of very practical lines of inquiry into financial causes and effects. These ideas will help you to look at your own situation with a fresh vision and to create a customized plan that will help you go from where you are to where you want to be.

Joshua

• You Need A Budget! Try this system free for 30 days: www.radicalpersonalfinance.com/ynab
• Support RPF on Patreon: www.radicalpersonalfinance.com/patron
• Want to have a consulting phone call with me? www.radicalpersonalfinance.com/phonecall

Hey Radicals!

Tough week this week and I'm behind on shows. My apologies!

I thought you might enjoy this recent interview I gave on Everything Financial Radio in Grand Rapids, Michigan.

The first part of the show is with Gerald Celente. My interview starts at 19:15.

Back soon,

Joshua

• The original file is found here: http://www.everythingfinancialradio.com/2016/07/gerald-celente-and-joshua-sheats-join-host-dennis-tubbergen/

Today's show is dedicated to the idea of mobile home investing. John Fedro stumbled into the mobile home investment business and has since made it his unique area of specialty.

Mobile homes have some unique characteristics that might make them an attractive investment class for you to consider. (After all, you can often buy an entire house for less than a new car!)

But they also carry some significant potential downsides.

Enjoy the education,

Joshua

• John's website: http://www.mobilehomeinvesting.net/
• Support RPF on Patreon: www.radicalpersonalfinance.com/patron

On Fridays, I host a live Q&A call! Today we cover:

• Should I Take a State Defined-Benefit Pension Plan or Choose a Defined-Contribution Option?
• Why Do So Few People Grasp How Simple It Is to Become Wealthy?
• What Are the Next Steps I Should Take in Establishing My New Consulting Business

If you'd like to join on a future call, become a Patron of the show at www.radicalpersonalfinance.com/patron

Enjoy!

Joshua