Radical Personal Finance

There are three things we control with regard to wealth building: how much we make, how much we spend, and the rate of return we earn on our investments.

Those are the only three things you can change and affect. And they're the three things that will make the difference in how wealthy you become.

My personal investment strategy has changed and developed over the years. But, going forward, I've decided to invest in real estate.

In today's show I share with you some of the back story and some of the reasons I've made this decision.

Remember, my goals and skills are different from yours; learn from me, but don't copy me.

Enjoy the show!

Joshua

• Do you have student loans? Do you know someone with student loans? Find the best way to pay them off! www.studentloanshow.com/radical
• Would you like to open your stock account with an extra $100? Do it here! www.tradeking.com/radical
• Interested in supporting the show directly? Please do! www.radicalpersonalfinance.com/patron

Tonight I'm pleased to bring you an interview with Fritz Gilbert from the website: www.TheRetirementManifesto.com.

Fritz is an awesome guy who is just a couple of years away from an early retirement! He's here today to share with us his wisdom and perspective on making a successful transition to retirement.

Enjoy the show!

Joshua

• Refinance your student loans and get a $200 bonus! www.radicalpersonalfinance.com/sofi
• Make this the year you write your book! Contact publishing coach Patrick Snow for help! www.thepublishingcoach.com
• Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

Many people dream of saving enough money to travel the world. But what if there were a way to get paid to travel the world?

There is. It's not a pipe dream.

In fact, there's not just one way. There are many, many ways!

In today's show we speak with Sara Miner. Sara is a longtime listener and supporter of the show and she and her husband get paid handsomely to do work they care about in adventurous locations around the world.

I invited her on to the show to share her story and advice.

Enjoy the show!

Joshua

• Do you have student loans? Spend some time with Jay Fleischman and chart out the smartest way out of debt: www.studentloanshow.com/radical
• Looking for a financial advisor? Start here: www.radicalpersonalfinance.com/paladin
• Support Radical Personal Finance on Patreon: www.radicalpersonalfinance.com/patron

Today, we cover this question from a listener:

Joshua,

I know you get a lot of questions, but I was wondering if you have a radical way to get out of an upside down car loan.

I do financial coaching for people in our church who have requested benevolence, and most of them have large car payments - e.g. Someone owes $25,000 on a car worth $15,000. I cannot find a solution that is good (and maybe there is none).

Dave Ramsey says borrow the difference so you have a smaller loan, but by the time someone is requesting benevolence, they cannot qualify for borrowing any more.

Other ideas of rolling it into another car loan with incentives aren't great either. It is really the $3,000 in negative equity and more that I am looking to solve for.

Any radical ideas?

Travis

• Open a brokerage account with TradeKing and get a free $100 bonus! www.tradeking.com/radical
• Start the new year off right by learning the skill of budgeting! www.radicalpersonalfinance.com/YNAB
• Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

Today we continue with our "Early Retirement FAQ" series with Arebelspy by tackling the topic of inflation! How do you manage inflation risk in retirement? And, even more important, how do you manage inflation risk in very early retirement?

This topic is especially important to Arebelspy because he and his wife just retired at the age of 30 and are now traveling the world together! (Even cooler, they did it while earning schoolteacher salaries!!!)

Enjoy!

Joshua

• Save money on your debt payments by refinancing your student loans with SoFI: www.radicalpersonalfinance.com/sofi
• Get your book out of your head and onto paper by working with publishing coach Patrick Snow! www.thepublishingdoctor.com
• Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

Recently I received this personal note from a personal friend of mine: "My wife suggested I reach out to you for advice as we plan to start saving for our soon-to-be-born-son's education. Hard to believe it's going to be just a few weeks now. I've looked into our state's 529 plan, but wasn't sure if there were better options. Any advice would be greatly appreciated."

My advice in response was simple: don't set up a college plan for your young child. It's a bad idea and a poor use of money in light of all the other things you can do with money that are better.

Interested?

Listen.

:)

Joshua

• Do you have student loans hanging over your head because your parents didn't save for you? Go here: www.studentloanshow.com/radical
• Would you like to establish an investment account for your investing goals? Go here and get a $100 bonus: www.tradeking.com/radical
• Would you like to support RPF directly? Go here: www.radicalpersonalfinance.com/patron
• http://10ktotalent.com/
• http://www.brokebladesmith.com/
• https://www.instagram.com/bladesofbelaq/
• http://blog.penelopetrunk.com/2006/08/27/your-family-would-be-better-off-with-a-housewife-so-would-mine/

I'm excited to launch a brand-new sponsor here in the new year! Our new sponsor is TradeKing.

You should be familiar with the TradeKing name--I previously interviewed the CEO, Don Montanaro, on Episode 240 of the show.

I sat down with Don in his Ft. Lauderdale office and we talked about the brokerage business and business model.

We discussed:

• TradeKing's history
• The competitive landscape of the brokerage business
• The value proposition for brokers

If you'd like to open a trading account with TradeKing, they will give you an extra $100 if you sign up through my tracking link: http://tradeking.com/radical

Enjoy the show!

Joshua

• Get a $100 bonus to your account when you use my special tracking link! http://tradeking.com/radical

One of my major breakthrough moments in life occurred when I learned that success skills were simply that: skills. The same applies to wealth.

Success and wealth are not accidents. People are not wealthy by chance, happenstance, or accident. People become wealthy because:

1. They unconsciously learned the knowledge and applied the skills of wealth; or,2. They self-consciously learned the knowledge and applied the skills of wealth.

For me, that concept was incredibly helpful.

As we begin a new year, I encourage you to focus on the skills that you need to identify, learn, and perfect during 2016 that will ultimately lead to wealth.

Enjoy the show!

Joshua

• Learn and apply the skill of budgeting: www.radicalpersonalfinance.com/YNAB
• Learn what you don't know about your financial plan by meeting with a financial advisor: www.radicalpersonalfinance.com/Paladin
• Support RPF on Patreon: www.radicalpersonalfinance.com/Patron

Hey Radicals,

I'm in the process of shutting the show down for 2015 and heading off for the holidays.

Before I go, I simply want to share a personal greeting with you and a few quick, encouraging thoughts. Listen to the episode!

Merry Christmas to you and yours. May you and your family be richly blessed this holiday season and may 2016 be your best year ever!

Love,

Joshua

The skill of budgeting is one of the major skills that drives the level of success you achieve in life. But it's a skill that's not only applicable to money but also to other areas of life.

In today's show I share with you my ideas on budgeting:

• How budgeting is applicable to many areas of life, not only money.
• The three major stages of budgeting.
• Big ideas on concepts that are applicable to all kinds of budgeting.
• Three types of budgeting tools.

Enjoy the show!

Joshua

• Do you have student loans? I recommend connecting with Jay Fleischman for a review: www.studentloanshow.com/radical
• Interested in writing a book? Call the Publishing Doctor: www.thepublishingdoctor.com
• Need a budgeting system? Try YNAB www.radicalpersonalfinance.com/YNAB and Tiller www.tillerhq.com/radical
• Need a time-tracking system? Try Toggl. www.toggl.com