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.


Eine durchschnittliche Folge dieses Podcasts dauert 58m. Bisher sind 831 Folge(n) erschienen.

In What Order Should I Pay Off My Debts? A Rational Guide to the Debt Snowball, Debt Avalanche, and Other Considerations RPF0032

One of the biggest debates in the personal finance space is about which order to use to pay off my debts. Opinions vary, experiences vary, and tempers flare when this subject is brought up. I think the debate is helpful in some ways but rather silly in...


 2014-07-31  59m

Discussion of the Permanent Portfolio: an Investing Strategy for All Economic Cycles (interview with Jake Desyllas) RPF0030

Many people have searched and searched for the holy grail of investing: a portfolio that provides a good return with low risk that can weather the economic storms, no matter what they be. Some feel that they have found it in The Permanent Portfolio. -


 2014-07-29  1h37m

The Iron Law of Wealth Building (or How to Translate Personal Financial Statements into Results) RPF0029

There is an iron formula of wealth that can be applied to all financial plans. The relationships between balance sheets cannot be broken in any way. - To become wealthy, you much increase the net worth on the bottom of the balance sheet.


 2014-07-28  1h1m

Why “Follow Your Passion” is the Wrong Career Advice (calling in sick today on RPF) RPF0028

Hey friends, I'm still not able to speak well enough to record a normal show but I wanted to make sure you have something thought-provoking to listen to. - The thought-provoking audio for today is from Cal Newport's speech at The World Domination Summ...


 2014-07-25  37m

What Would You Do if Money Were No Object? (calling in sick today on RPF) RPF0027

Today's show is very short but, I hope, very thought provoking. I'm feeling sick today and am not able to produce any content that will be up to snuff. But I'm certainly not about to leave you without something that will uplift you and make you smarter.


 2014-07-24  10m

An Introduction to the Cash Flow Statement: The One-Page Document That Shows Whether You Will be Rich or Poor in the Long Run RPF0026

The Cash Flow Statement is the one document that you can create which will definitively show whether you can expect your wealth to increase or decrease in the long run. - There are only three variables we can manipulate in any financial plan that will...


 2014-07-23  36m

Interview with Jacob Lund Fisker, Author of “Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence” RPF0025

This show is an interview with Jacob from The Early Retirement Extreme book and blog. Jacob is a former physicist who developed a plan that can help anyone, regardless of income, industry, or background, from where they are to financial independence in..


 2014-07-22  3h5m

Happiness & Money, Rising US Wages, Economic Patriotism, Top Jobs in Demand, Subprime Bubble in Used Cars, Unlimited Kindle for $10 a Month, Habits of the Wealthy, The Roth IRA Horse Race, and Building Up With Worn-Out Tools RPF0024

Monday's shows are variety shows with me sharing current events and commentary from this past week. The topics are wide-ranging and provocative! Enjoy! - Links mentioned in today's show: Discussion on happiness and money: New York City is the Most...


 2014-07-21  1h22m

Friday Q and A-What Can I Do To Plan for My Parents’ Long-Term Care When They Don’t Have Any Money? RPF0023

I plan that Friday's show generally be a Q&A show and today, I planned to answer two questions: one about planning for long-term care needs and the other about what to do with a less-than-stellar 401(k) plan. - Unfortunately,


 2014-07-18  1h6m

An Introduction to the Statement of Financial Condition or Balance Sheet: A Powerful Tool in Financial Panning if you Understand How it Works! RPF0022

Many times people ask me where to start with the process of financial planning. Today's show answers that question. - If you were assigned to take over a failing business and you wanted to turn it around, you would begin by answering two questions: -


 2014-07-17  1h14m