Radical Personal Finance

On Fridays we do a live Q&A show here at Radical Personal Finance. If you'd like access to these calls, join here: www.RadicalPersonalFinance.com/patron Today we cover: Should I Purchase My Personal House in an LLC? How do I Know if My Life Insurance Agent is Advising the Right Amount of Insurance to Own? Enjoy the show! Joshua

Today, we continue our series on "Living a Rich Life Now" by discussing material riches and how you can appreciate the ones you already have and enjoy more more material riches now, without waiting. Most people equate riches with things they have yet to buy. Largely, this is due to an effective marketing campaign by somebody with something to sell. But, many of us easily forget about all of the material riches we already enjoy. And, we neglect the easy ways we can live a rich life--perhaps even the lifestyle of a multi-millionaire--without the need to actually become a multi-millionaire. This show contains some of my ideas which will, I hope, provoke you to clarify your own definition of a rich life and start living it as quickly as possible! Joshua Need a great financial advisor? Start your search here! www.radicalpersonalfinance.com/Paladin Support Radical Personal Finance on Patreon: www.radicalpersonalfinance.com/patron Interested in a consulting call with me? Book here: www.radicalpersonalfinance.com/phonecall

Radical Personal Finance is "a show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less." That's the slogan that I came up with as the unifying theme after creating about 300 episodes of the show. But, although I've been using this slogan for a while, I've never actually explained each of the statements in that slogan. And they're all important. Today, I tackle the first part: What does it mean to live a rich life now? There are immaterial aspects to a rich life and there are also material aspects to riches. Today we tackle the immaterial. Enjoy! Joshua Want to get on a consulting call with me regarding your situation? Go here: www.radicalpersonalfinance.com/phonecall Support RPF on Patreon! www.radicalpersonalfinance.com/patron

I've previously stated that I don't understand why anyone would go into the field of medicine as a way of getting rich. I understand why people would want to do it because it fits their goals and personality and sense of calling, but I've always felt that it's a bad move financially. Even though you can earn a high income, there are a lot of disadvantages to the career! Well, my guest on today's show disagrees with me! He's a practicing physician and he thinks I'm dramatically misrepresenting the financial potential and payoff of medicine. I think you'll enjoy our debate! Joshua Peter Steinberg's professional site: www.bidmc.org/kidneystone Support RPF on Patreon! www.RadicalPersonalFinance.com/Patron

A lot of us face difficult situations. And it's tough to maintain a positive attitude. But, have you considered what some other people face? What would you do if you were facing a >70% unemployment rate in your town? What would you do if you were working a job that hadn't paid you in >6 months? What would you do if you had electricity for only 2 hours per day? After listening to today's show, I promise you'll look at the opportunities around you with a fresh appreciation. Enjoy! Joshua Bola's Fiverr profile: https://www.fiverr.com/ipriest Bola's publishing company: http://www.cryoutpublishing.com Support RPF on Patreon: www.radicalpersonalfinance.com/patron

June 1 is the start of hurricane season here in South Florida. June is always when I review my own hurricane preparedness plan and assess it for any weaknesses. I've also kept a close eye on the Fort McMurray wildfires and the economic crisis currently underway in Venezuela. Given these stark and vivid disasters, I've wanted to draw your attention to them as a way for you to consider how you're prepared to handle them. Today I focus on the importance of money--specifically having some available to you in times of crisis. Enjoy, Joshua YouTube: "Fort McMurray Evacuated During Massive Wildfire" https://youtu.be/kSPFt6O1FLI YouTube: "Welcome to Hell - Driver Escapes Fort McMurray Wildfire" https://youtu.be/ieTQvIdG-Vo YouTube: "Owners Watched Fort McMurray Home Burn to Ground Over iPhone" https://youtu.be/JTlGFsP4JeQ 'We want out of this agony': What it's like to eat in a country that's on the verge of collapse http://www.businessinsider.com/venezuela-economic-food-crisis-meals-2016-4 Dying Infants and No Medicine: Inside Venezuela's Failing Hospitals http://www.nytimes.com/2016/05/16/world/americas/dying-infants-and-no-medicine-inside-venezuelas-failing-hospitals.html?_r=2 Support RPF on Patreon www.radicalpersonalfinance.com/patron

Today I've invited Jules Haas on the show to talk real estate entity selection and estate planning. Jules has an especially interesting perspective given where he lives and practices law: downtown New York City. We discuss: how to decide if you should own real estate within an entity or not how to own real estate with maximum privacy (and why it's important) estate considerations for different methods of ownership Enjoy! Joshua Jules's website: https://www.juleshaasattorney.com/ (For a free consultation, call 212-355-2575.) Support RPF on Patreon: www.radicalpersonalfinance.com/patron

Today on Radical Personal Finance we veer into an interesting niche in the real estate market. Do you have an appreciated rental property with a lot of equity in it? Would you like to know how to transition out of that personally managed property into a professionally managed portfolio without paying capital gains taxes on the transfer? That's what today's interview is about. My guest is Leslie Pappas. She's an expert at using 1031 Exchanges and Delaware Statutory Trusts in a very specialized segment of the real estate industry. Enjoy learning about this niche! Joshua Amazon: "Cashing in Tax Free: Your Ultimate Guide to a Tax-Free Retirement Using 1031 Exchange and Delaware Statury Trusts (DSTs)" http://rpf.link/1RXjo83 Leslie's website: http://www.archerinvestors.com/ Support RPF on Patreon! www.radicalpersonalfinance.com/patron

My guest on today's show is Mr. Groovy, writer at the eponymous website www.FreedomIsGroovy.com He reached out to me and pitched me for some exposure for his idea of a Junior IRA. I accepted his request and invited him on the show. I also thoroughly enjoyed hearing his story of getting free financially with a simple geographic move. There's a lesson in there for many of you. Enjoy the show! Joshua Mr. Groovy's JIRA idea: http://freedomisgroovy.com/junior-ira-nutshell/ Support RPF on Patreon! www.radicalpersonalfinance.com/patron

On Fridays, I do a live Q&A call for patrons of the show. Today we cover: When Should My Wife Take Social Security? Should I Buy Term Life Insurance as an Investment? If you'd like to join a Q&A call, become a Patron of the show at www.radicalpersonalfinance.com/patron Joshua Social Security Strategies: How to Optimize Retirement Benefits by William Reichenstein and William Meyer http://rpf.link/1ss19mu

I'm always keeping my ears out for interesting ways to earn a living--or a side income. And today, I've got exactly that for you. My guest today is Brad DeGraw. Brad is an expert at selling stuff through Amazon. He claims to have started with $100 and a WiFi connection and to have turned it into over $1,000,000 in sales to date. Enjoy the interview! Joshua Brad's website: http://amazonsherpa.com/ Support RPF on Patreon: www.radicalpersonalfinance.com/patron

My guest today is Matt Hall. Matt is a financial advisor who learned the hard way what works and what doesn't in the world of financial advice. One of the missions of Radical Personal Finance is to pull back the curtain from the world of financial advice. I do my best to ask direct questions of financial advisors and give them an opportunity to share their perspective. Enjoy! Joshua Buy Matt's book "Odds On: The Making of an Evidence-Based Investor" on Amazon. http://rpf.link/1Ubu196 Matt's website: http://matthallbook.com/ Support RPF on Patreon: www.radicalpersonalfinance.com/patron

On Fridays, we do a live Q&A show! Today, we cover: Should I Get Disability Insurance if I'm Only Working for Two Years What Happens to Disability Insurance If I'm Changing Jobs How Should I Save Money For My 9-Month Old Daughter's House Should I Work Three More Years In Order To Vest in my Pension Enjoy! Joshua If you'd like to call in to a show like this, become a patron of the show! www.radicalpersonalfinance.com/patron

Today we continue our disability insurance series. We cover: Why it's so hard to compare disability insurance policies to each other Long-term disability insurance vs. short-term disability insurance Benefit periods (2 years, 5 years, to age 65, etc.) Elimination periods (2 weeks, 45 days, 90 days, 6 months, 1 year, etc.) Continuance provisions (noncancellable, guaranteed renewable, conditionally renewable) Enjoy! Joshua Need a financial advisor? Go here: www.radicalpersonalfinance.com/paladin Want to consult with me? Go here: www.radicalpersonalfinance.com/phonecall Support RPF on Patreon: www.radicalpersonalfinance.com/patron

Today we speak with Jeff, the Happy Philosopher. Jeff is a doctor who was finding himself increasingly dissatisfied with his job. Knowing that if he didn't make a change, he would find himself totally burned out, he managed to re-negotiate his work agreements in order to build a better lifestyle. This is an option that many of you should consider. Enjoy! Joshua Support RPF on Patreon! www.radicalpersonalfinance.com/patron

If you could only choose one type of insurance coverage to have, I believe you should buy disability insurance. In today's show, I seek to persuade you to agree with me. In short, this is my sales pitch for disability income insurance. Enjoy! Joshua Would you like to consult with me on the topic of your choice? Book a call here: www.radicalpersonalfinance.com/phonecall Support RPF on Patreon. www.radicalpersonalfinance.com/patron

On Fridays, we have Q&A! And today, I have some fun questions for you. My Advice on Starting an Experts Business How to Transition from a Stable Career to Unstable Entrepreneurship Opportunity Joshua's Thoughts on the Banking System and It's Problems How to Become a Better Salesperson If you'd like to participate in a Friday call, join the show as a Patron! www.radicalpersonalfinance.com/patron Joshua

I've decided--after many, many requests--to offer paid phone consulting to you, the audience. If you would like to consult with me on any topic of your choice, I'm now available to you! (Just use this link: https://radicalpersonalfinance.com/phonecall ) I think you'll be interested in the backstory of why I've gone back and forth on offering this service. A new technology offering is what has made the difference. Listen to the show for details. Oh, and by the way...I want you to copy me! For some of you, this might be a sweet little business idea for you! Joshua Book a consulting call with me here: https://radicalpersonalfinance.com/phonecall

Ever wondered what the actual practice models are for financial advisors? Today, I've invited Sean Kernan on the show to talk about the inside business of financial advice. Sean is a financial advisor who started his career at the large wirehouses and later transitioned to be independent. Since then, he's started a website and podcast to help other advisors called "How to Go Independent." If you'd like to listen in on two financial advisors discussing what the industry is actually like on the inside, enjoy this show! Joshua Sean's site: http://howtogoindependent.com/ Support RPF on Patreon! www.radicalpersonalfinance.com/patron

Today on RPF, I answer your questions: How to Lower Work-Culture Costs Without Being Perceived as a Grinch? Should I Take Out a TSP Loan or Student Loans for Grad School? Should I Take a Year Off To Try a Business or Go Directly to Grad School? How To Profitably Invest Paternity Leave? Enjoy the show! Joshua Do you need a financial advisor? Start here! www.radicalpersonalfinance.com/paladin Support RPF on Patreon! www.radicalpersonalfinance.com/patron

Today on RPF, I answer your questions! How to Sell Whole Life Insurance to Buy Term & Invest the Difference People How to Help People Get Experience So They Know What Kind of Work to Do Joshua's System of Marginalia Savoring Books vs. Gulping Books Enjoy the show! Joshua Support Radical Personal Finance on Patreon: www.radicalpersonalfinance.com/patron You Need a Budget! Try the same software I use: www.radicalpersonalfinance.com/YNAB

My guest today is Chad Carson. Chad is a real estate investor and financial freedom pursuer. I've invited him on today's show to share his story of how he began investing in real estate with no money and how he's built his empire to a place of financial freedom today. Enjoy! Chad's site: www.coachcarson.com Support RPF on Patreon: www.radicalpersonalfinance.com/patron

Today on Radical Personal Finance we dig into the topics of living cheap and well! My guest is quite the radical guy and he's here to share with us what he's learned regarding: figuring out how to live a great life on very little money figuring out how to build an income from selling things through an online shop Enjoy the show! Joshua Support Radical Personal Finance! www.radicalpersonalfinance.com/patron

Marketplace lending (a.k.a. peer-to-peer lending) is steadilyadvancing in impact and popularity. Although it's certainly not yeta dominant form of cashflow for borrowers nor is it a dominantinvestment choice for investors, it is on the steady growth and itsimpact is being felt. My guest today is a front-seat commentator and active investorin this marketplace. Peter Renton is the founder of LendAcademy.com and the LendItconference. He's here today to bring us up to speed on the peer-to-peermarketplace! Enjoy! Joshua www.lendacademy.com Support RPF on Patreon: www.radicalpersonalfinance.com/patron

On Fridays, we do a live Q&A call. If you'd like to join the call, sign up here: www.radicalpersonalfinance.com/patron Today we discuss: The Language of Marginal Tax Deductions Volunteering as an Income Tax Preparer for Low Income People Are Cash Value Life Insurance Policies a Good Place for an Emergency Fund Enjoy! Joshua

Medical expenses represent a large percentage of our lifetime expenditures. But do they need to? My guest today is a practicing physician and he's here to share with us where we can rationally cut back and scrimp and save when it comes to medical expenses. This area of thought is one of the most taboo areas when it comes to frugality. Many people who are otherwise quite frugal have an immediate, visceral reaction of condemnation when someone announces they're making different medical decisions in order to save money. But is this the correct reaction? Or can someone rationally think for themselves and pick and choose the medical care that's right for them? You be the judge of that! Joshua Please support RPF on Patreon! www.radicalpersonalfinance.com/patron

Immigrants to the United States are much more likely to become millionaires than are natural-born citizens. And although my guest today lives in Canada, the parallel is clear. Dan Lok had a challenging beginning to his career, not the least of which was that he had to begin with learning and improving his English language skills! His foray into the world of employment came as a 16-year-old earning minimum wage. He quickly realized that he needed to go into business for himself and he hasn't looked back. Today, he is a multi-millionaire and owner of multiple, highly profitable businesses. I've invited Dan on to today's show to learn from his experiences and insights. Enjoy this unique look into an entrepreneur's story and lessons learned! Joshua Dan's website: www.DanLok.com Support RPF on Patreon! www.radicalpersonalfinance.com/patron

I love to explore interesting financial markets which are accessible to the common person who demonstrates a little bit of interest. Today we dig into one such market: guns. I've invited James Wesley, Rawles onto the show today to discuss how you can intelligently invest in guns as a means to wealth. We cover: Speculative approaches and non-speculative approaches. How to leverage small amounts of money by buying specific firearm components. Interesting little wrinkles in the marketplace. Etc. Enjoy the show! Joshua Jim's website: www.survivalblog.com Support RPF on Patreon: www.radicalpersonalfinance.com/patron

On Fridays, we do Q&A! Today we cover: How to Invest $1k to 10k? How to Prioritize Competing Goals? Should I Stay in my Current Job Until I'm Vested? What Kind of Retirement Plan Should Middle-Age Hotel Owners Establish? If you'd like to participate in these Friday calls, become a patron of the show at www.radicalpersonalfinance.com/patron Enjoy! Joshua

One of our primary charges as parents is to raise our children from dependency to maturity and independence. One major component of this task is to teach them to be economically self-sufficient. How do we do this? Where does it start? Well, I believe we need to tackle this at a very young age. The earlier the better. In today's show, I'll tell you my ideas on the topic. Enjoy! Joshua Support RPF as a Patron of the show! www.radicalpersonalfinance.com/patron

My guest today is Nicole Bryan. Nicole began her career as a schoolteacher with a pile of student loans. Today, she is on track to be financially independent by her 40th birthday. Her story will be incredibly valuable for you as it will demonstrate the feasability of achieving financial freedom for almost all of us! Listen and enjoy! Joshua Nicole's FB group: http://facebook.com/financialfreedomlovers Support Radical Personal Finance as a Patron! http://radicalpersonalfinance.com/patron

My guest today is Michael Melissinos. Michael is a trend-following investment manager who has systematically built his own firm over the past few years. Michael's story presents both a case study of entrepreneurship (how to go from jobs that are poorly suited to you to an entrepreneurial venture) as well as insight into various aspects of trading from a trend-following perspective. Enjoy the show! Joshua Michael's blog: http://www.michaelmelissinos.com/ Michael's firm's site: http://www.melissinostrading.com/ Open a brokerage account with Tradeking: http://radicalpersonalfinance.com/tradeking Support RPF on Patreon! http://radicalpersonalfinance.com/patron

RPF is on Spring Break this week so I'm posting some different content than my normal show. This is a speech that I gave to a local podcasting meetup group here in South Florida called "Breaking all the Rules of Podcasting." It contains my advice to a roomful of new and aspiring podcasters. The speech was delivered on 09/12/2015. Here's a link to the PowerPoint presentation I was presenting to my audience while speaking: http://traffic.libsyn.com/radicalpersonalfinance/South_Florida_Podcast_Meetup_Presentation.pptx

(RPF is on Spring Break this week, so I'm sharing some interviews with you where I've been featured on other shows. Enjoy! -Joshua) "I don't think failure is a mark of shame. Failure and mistakes are inevitable." Things Joshua talks about in this episode: Why a "hunch" helped him move into his podcast career Why he had to ignore the advice of people around him to start the podcast Why he had to quit his job to start his podcast How he "mitigated" the details of failure When we do fail, let's fail in small, manageable ways and make sure we have backup plans Why his podcast fills a gap he could not find anyone else filling Why he started his business with a podcast What social media platforms he uses to engage his audience and market the podcast His advice for people who want to start their business on digital platforms Why he thinks people confuse a platform and a tool with content and a strategy The podcast is not the benefit, it's simply the tool that we use to deliver the content Why he follows NO ONE on social media Why he schedules free time and focus days Resources Patreon (for tips) Voice Dictation on iPhone 6+ Dragon Naturally Speaking

(RPF is on Spring Break this week so I'm posting some interviews where I've been featured on other shows. Enjoy my comments on sales in this interview with The Sales Evangelist! -Joshua) How well do you listen to your clients? Well, our guest today illustrates the power of listening! By the end of the show, you'd most likely figure out why it does help to just shh… Our guest on today's Sales From the Street episode is Joshua Sheats, host of The Radical Personal Finance Podcast. Coming from a six-year career in life insurance and investment sales with Northwestern Mutual, Josh eventually launched his own organization, Radical Personal Finance, where he hosts a daily, in-depth personal financial planning podcast teaching people how to become financially independent in 10 years or less. Listen in as Joshua brings a tad wealth of information to the table which you can apply and help steer you towards the road to success. Here are the highlights of my conversation with Josh: Some challenges Josh faced: Overcoming the deep-held fear of sales Finding the right time to make the transition from working hard to get referrals/prospects How Josh overcame these challenges and how you can do the same too: Have a prospecting system. Spend more and more time listening and less and less talking. The more you listen in sales, the better the results. Ask more questions and listen to what they have to say. Authentically create a feeling among clients of being heard and listened to. "I learned that if you listen well enough, people will think that you know what you're talking about because of the way you made them feel." – Joshua Sheats Have a script. Focus on how you say it instead of what to say. Engage people, not thinking about what you're going to say, but about how they're feeling and responding to what you say. Have a script and know your script. Focus on internalizing the words until you forget about the words and dig into the delivery. Know where to lead people. Have a script and know where to lead people. This allows you to take the time tested on approaches from professional selling then hone them and make them more elegant for today's world. How to be Very Good on the Phone: Listen to everyone around you. Record yourself and do the exact opposite. Study and listen from other people. Take a short pause after saying your name. (This makes it sound like the client knows you.) Joshua's Major Takeaway: If you do good work, that will speak broader than any tactic or technique. If you are a person worth referring to, you won't need any tricks or gimmicks. Good technique is important for good salespeople. Do both good work and great technique. Focus on being a person who's worth referring to, worth buying from, and being an expert in your industry. Link to original show: http://thesalesevangelist.com/episode-224/

RPF is on Spring Break this week so I'm publishing some podcasts where I've been interviewed on other people's shows. This episode is a follow-up appearance on Nick Hazelton's podcast wherein he solicited my advice and comments on his self-education plan. Joshua My original appearance on Nick's show: http://an-yak.com/?p=193 The original link for this episode: http://an-yak.com/?p=422

(I'm on Spring Break this week, so I'm posting an episode of Stacking Benjamins which featured my advice on how to invest to be Dave Ramsey. -Joshua) How do you become Dave Ramsey? You invest a certain way…and it isn't the way Dave Ramsey tells you to invest. We welcome Joshua Sheats to the show from Radical Personal Finance to talk about becoming wealthy. What does it take? What does that mean for concepts like diversification, risk and insurance planning? We'll cover all of those. Of course, to honor Joshua, we have a LONG episode today, packed full of fun. In the headlines we'll tackle the reason executives DON'T hire people (it's not what you think). We'll handle a great call about changing investments on the Quotacy hotline, and tackle more on Roth IRAs, diversification and the movie the Big Short. Whew! But that's not all. We have more headlines, trivia and the big "so what" like the cherry on top of the show at the end of the episode. https://www.stackingbenjamins.com/investing-become-dave-ramsey-joshua-sheats/

Hey Radicals! RPF is on Spring Break for the next few weeks. (I do promise to go to the beach at least once--but no bikini pictures on Facebook for me!) I will release a few sporadic shows including some interviews with me which have appeared on other shows. In the meantime, if you're looking for something to listen to, I encourage you to check out the archives of the show! I do my best not to repeat topics, so if you're a new listener, you'll find a wealth of topics in the archives of the show. Download the free Radical Personal Finance app in the app store on your phone and you'll have full access to all the archived shows. Enjoy! Joshua

On Fridays, we have a live Q&A show. Today we cover these two questions: Should I Switch from Employment to Self-Employment to Save Money? How do I Decide Between Model Portfolio Asset Allocations? If you'd like to join a call like this and have your question appear on the show, simply become a Patron of the show here: www.radicalpersonalfinance.com/patron Enjoy! Joshua

For most people, housing decisions are the largest financial decisions that they will make. And the mortgages usually associated with housing are the largest debts most of us will take on. And yet how much time and energy do we actually invest into researching these decisions? For most of us, the answer is not much. My guest today is Casey Fleming and he's here to help us navigate the waters of the mortgage market with some clear, up-front advice. Enjoy the show! Joshua Casey's book: The Loan Guide: How to Get the Best Possible Mortgage http://rpf.link/1Rsqztd Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

I love to discover unique people who embrace an unusual lifestyle. My guests today are a perfect example of such a lifestyle! Shane and Julie Good live part-time in a converted school bus and part-time in a tiny house that they built themselves. That's impressive. But, even more interesting...they do it with their seven young children! Many people let their children get in the way of their adventures. Not the Good family! Their family is fully integrated in everything they do! Enjoy the interview explaining how they came to this unique lifestyle and what they've learned along the way! Joshua Shane & Julie's website: www.goodnewsbus.com Get a $100 bonus when you open an account with TradeKing! www.tradeking.com/radical Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

On Fridays I do a Q&A show for Patrons of Radical Personal Finance. If you'd like me to answer a question for you, go here for information: www.radicalpersonalfinance.com/patron Today I answer: Should I Stay At A Job to Get Student Loan Forgiveness? When is the Ideal Age to Buy a Single Premium Immediate Annuity? Enjoy! Joshua

On Episode 133 of the show, I had a listener ask me for my opinion regarding the concept of "mortgage acceleration." Basically, it's the idea of taking out a HELOC on your house instead of (or in addition to) a traditionally amortizing mortgage, putting all your income against the HELOC and then paying your bills out of the HELOC. The key idea with this strategy is that the average daily balance of your account is lower, reducing your interest payments. In Episode 133, I was critical of the idea and the book that espoused it. Today, I've brought the author of that chapter in the book on to defend the idea of mortgage acceleration as vigorously as possible. Enjoy the show! Joshua Listen to Episode 133 of the show before listening to this interview: https://radicalpersonalfinance.com/133-qa-paying-off-your-primary-mortgage-with-a-heloc-mortgage-acceleration-and-how-save-is-my-deferred-comp-program/ Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

Have you ever wanted to invest through an IRA or 401(k) for the purpose of early retirement but found yourself stymied by the thought of paying a 10% penalty tax to gain access to your money? Well, on today's show I've got good news! If you invest through an IRA or 401(k) but later take the INCOME from the account to pay for an early retirement, you may still come out ahead of the taxable account, even though you need to pay the additional penalty tax! Check out the show and attachments for details! Enjoy. Joshua The original article from Bryan which launched the idea for today's show: http://www.smartmoneybetterlife.com/eat-your-cake-now-or-when-you-are-59-5-addressing-the-conundrum/ You Need a Budget! www.radicalpersonalfinance.com/YNAB Support Radical Personal Finance on Patreon www.radicalpersonalfinance.com/patron

What would you do if you left your big-shot corporate gig to pursue an entrepreneurial venture which then fell apart? And then you ran for public office? And lost. And then wound up living in your in-law's garage completely flat broke. Would you then go back, admit defeat, and rejoin the corporate grind? Or, would you continue pursuing your dream lifestyle in a systematic way? My guest today went through that exact process of life. And he's systematically worked to build his dream lifestyle with his family. Today we sit down with Clark Vandeventer, author of "unWorking: Exit the Rat Race, Live Like a Millionaire, And Be Happy Now." Clark has a very encouraging story to share and a wealth of experience in building his ideal lifestyle on the cheap. Enjoy! Joshua Clark's site: www.familytrek.org Book site: www.unworkingbook.com www.tahoeskibum.com Need a financial advisor? Start here! www.radicalpersonalfinance.com/paladin Support RPF: www.radicalpersonalfinance.com/patron

Today, I respond in detail to this question from a listener: Hi Joshua, I have been really into personal finance for about 5 years now and am considering becoming a financial advisor, specifically with a large company like you used to work for. I am currently a 31 year old physician making around $150,000. I have spent a long time preparing for my career, but I am always drawn to becoming a financial advisor. The medical field is becoming increasingly draining with charting, liability, decreasing reimbursement, increased regulations etc. The problem is in my career I can only make so much money. I can see some more patients everyday, but eventually you can only work so much and with that will just take more time. I already work from 8am-8pm everyday not even including my commute. More patients would just add more time to that. Quite frankly, with the liability and difficult patients I see all the time, I don't think I am paid enough of a premium to take on the risks I take. I know everyone says they aren't paid enough, but I can literally be sued for anything, especially the surgeries I do. In addition, the aggravation of arguing with some patients on deductibles they owe, co pays etc. I don't know if you know what its like to argue with someone about a $32 bill after giving them necessary medical services because they have "insurance" and feel they are entitled to everything medically related for free, but it is draining. I would love to hear your thoughts on becoming a financial advisor with a company like you were with. What were the pros and cons? What kind of income can I expect and within how long? I have spoken to a few agents, but I know you will give me the "real" story. What was a day like for you? When did you really start taking off with your career there? Do a lot of people not make it? Why not? How do you actually make money as an advisor? Consulting fees? Ongoing commissions? Upfront fees for selling something? Do you develop a niche or do everything? Estate planning, group benefits, just individual consultation, etc.? I always imagine being in a nice, clean office, creating a plan for people's finances. Is there a bad side to the business in terms of lifestyle? Is it really difficult finding clients? I know there are hundreds of thousands of advisors so there is a lot of competition. Does the location where you practiced as a financial advisor make a big difference in income/quality of life and if there is a big gap in income between places like West Palm Beach, FL vs Dallas, TX vs Northern Virginia near DC, etc. Also, is it easy to transition from one location to another once you get started or is that a huge set back? I am a religious listener to your show. Not only have I listened to every episode, but I have done so numerous times. I have all the frugality and investment stuff down for the most part, but trying to explore the whole quality of life and "work as if I can never retire" type of mentality. This is obviously a huge decision so I wanted to get as much detail on the job as possible. I would really appreciate your advice and promise I will follow up with you to let you know how everything turns out. I understand how busy you are so if you can't spare any time on this, I understand. Thanks so much. K Open an account with TradeKing and get a $100 bonus! www.tradeking.com/radical Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

On Fridays, I do a Q&A call-in show which is open to Patrons of the show. Today we cover: Can US Americans Be Transformed Back Into Savers Should I Pay Off My Mortgage Early Should I Rent Out My Backyard as a Lot for a Tiny House The Prospect of Creating Radical Personal Finance in Spanish If you'd like to participate in a Q&A call like this, please become a Patron of the show here: www.radicalpersonalfinance.com/patron

I've been wanting to bring lots more "brick-and-mortar-type" entrepreneurs and success stories on the show. There are tons of incredible people out there that we can learn from. But, I've learned that it's actually tough for me to get them on the show! Generally, people with money who have nothing to sell don't seem to want to talk publicly about what they've learned. But, even though it's tough, I'm still working on it. And today, I get to bring you one of this type of interview. My guest today is a former boss of mine, Warren Prescott. He's a great guy who started with few advantages in life. He started as a plumber's assistant as a teenager and today he's a wealthy businessman here in South Florida. Enjoy learning from his experience! Joshua You Need A Budget!!! www.radicalpersonalfinance.com/ynab Support Radical Personal Finance on Patreon! www.radicalpersonalfinance.com/patron

I've featured several doom-and-gloom guests on recent shows. I like to give people an opportunity to make their case to me as convincingly as possible and I always enjoy challenging myself with catastrophic predictions. But I struggle with a lot of the advice from those who predict global chaos in short order. Frankly, much of it is impractical. So, in today's show I tackle the subject the way that I would tackle it if I were asked for my practical advice on the subject. I hope it's useful for you! Enjoy, Joshua Do you have student loans? Check out SoFi to see if you can refinance and save some cash! http://radicalpersonalfinance.com/sofi Support Radical Personal Finance directly on Patreon: http://radicalpersonalfinance.com/patron

I like to share as much "behind the curtains of the financial advice industry" stuff as possible. But I like to do it from a diverse perspective. If you like seeing how good financial planning can dramatically impact a real-life scenario, this is a show for you. My guest is Patrick Renn, a 35-year veteran of the financial planning industry. Patrick runs a wealth management firm in Atlanta, GA and specializes in helping his clients develop well-designed charitable giving programs. If you enjoy seeing nuts and bolts of financial planning applied in the real world, you'll enjoy this show. Enjoy! Joshua Patrick's book: "Finding Your Money's Greater Purpose: How to Make Your Legacy Count" http://rpf.link/1Ux8H1o Website for the book: http://www.moneysgreaterpurpose.com/ Patrick's Wealth Management site: http://www.rennwealth.com/ Use the best budgeting tool in the world! http://radicalpersonalfinance.com/radical Have student loans? Get a consultation with Jay Fleischman: http://studentloanshow.com/radical Support Radical Personal Finance! http://radicalpersonalfinance.com/patron