Radical Personal Finance

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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…

Joshua Sheats


    • Dec 3, 2021 LATEST EPISODE
    • weekdays NEW EPISODES
    • 59m AVG DURATION
    • 897 EPISODES

    Listeners of Radical Personal Finance that love the show mention: thank you joshua, thanks joshua, joshua's, mad fientist, tax planning, listening to joshua, joshua does a great, early retirement, joshua is a great, host joshua, rich life, thinks outside, estate planning, financial planner, financial topics, thinking outside the box, approach to financial, year mortgage, highly knowledgeable, improve my financial.



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    Latest episodes from Radical Personal Finance

    Friday Q&A: Baseball Cards, VideoGame YouTube, Inheritances, Borrowing Against Assets, etc.

    Play Episode Listen Later Dec 3, 2021 83:10

    It's Friday! And today we cover: 2:01 What do I do with my old baseball cards? 6:31 Should I help my 6 & 8 year olds build a YouTube channel about video games? 45:33 I've just received an inheritance from my grandfather. What do I do with it? 53:01 What books should I read to my new baby? 1:12:12 How do you actually borrow against assets so as not to pay taxes?

    Why Reading Aloud to Children is so Absurdly Effective in Improving Academic Outcomes

    Play Episode Listen Later Dec 3, 2021 113:19

    There is one simple thing you can do that will almost assuredly ensure phenomenal academic outcomes for your child: read aloud. Lots. In today's episode, I explain in great detail why this works and how the process works, pulling from the phenomenal book by Jim Trelease called "The Read Aloud Handbook." Joshua

    The Best Way to Invest In Your Children's Education (It's Absurdly Simple and Cheap)

    Play Episode Listen Later Dec 2, 2021 77:31

    The Read-Aloud Handbook: Seventh Edition by Jim Trelease Honey for a Child's Heart: The Imaginative Use of Books in Family Life Books Children Love: A Guide to the Best Children's Literature Books That Build Character: A Guide to Teaching Your Child Moral Values Through Stories Robinson Self-Teaching Curriculum Robinson Curriculum Book List Ambleside Online Curriculum Ambleside Online Master Booklist MENSA for Kids booklist Personal MBA booklist  

    "An Old-Fashioned Thanksgiving" by Louisa May Alcott

    Play Episode Listen Later Nov 24, 2021 40:00


    Today, in celebration of the American holiday "Thanksgiving Day," I want to share with you a recording of short story written by Louisa May Alcott, called "An Old-Fashioned Thanksgiving." The audio file has no commentary—it's merely an unabridged reading of the story—and is suitable for you to share with your children as a worthwhile story to enjoy this time of year. But this story is filled with financial lessons for those with ears to hear. As you listen to a life of long ago (circa 1830), I'd encourage you to reflect on the life that you and I now live in comparison. For me, this reflection fills me with Thanksgiving, which is the starting point of living a rich life now. You are rich. I am rich. Let's realize it and act appropriately. Joshua If you prefer to read the story to your children yourself, here is the text I read: https://digital.library.upenn.edu/women/alcott/thanksgiving/thanksgiving.html  Here are a few poem and prayers of Thanksgiving you may enjoy as well: O Lord, that lends me life, Lend me a heart replete with thankfulness! ~~William Shakespeare 1564-1616 May all who share these gifts today Be blessed by Thee, we humbly pray. What God gives and what we take 'Tis a gift for Christ his sake; Be the meal of beans or peas, God be thanked for those and these; Have we flesh or have we fish, All are fragments from His dish. ~~Robert Herrick 1591-1674 Prayer Lord, behold our family here assembled. We thank thee for this place in which we dwell, for the love that unites us, for the peace accorded to us this day, for the health, for the food, and the bright skies that make our lives delightful, for our friends in all parts of the earth. Give us courage, gaiety, and the quiet mind. Spare to us our friends, soften us to our enemies. Bless us, if may be, in all our innocent endeavours. If may not, give us the strength to encounter that which is to come. May we be brave in peril, constant in tribulation, temperate in wrath, and in all changes of fortune loyal and loving to one another. As the clay to the potter, as the windmill to the wind, as the children of their sire, we beseech of Thee this help and mercy for Christ's sake. Amen. ~~Robert Louis Stevenson


    When the TSA Steals Your Cash...Sue Them!

    Play Episode Listen Later Nov 20, 2021 29:08

    https://youtu.be/MOy4QQP0oBs https://www.techdirt.com/articles/20211106/17503547889/dea-racks-up-two-forfeiture-losses-one-week-returns-100000-stolen-cash-to-victims.shtml  

    Friday Q&A: Life Insurance, Live Rittenhouse Verdict, House Money, GILTI Tax, etc.

    Play Episode Listen Later Nov 19, 2021 52:24

    On today's Q&A: 1:30 Should I buy life insurance if I want to build generational wealth? Live reaction to the Kyle Rittenhouse verdict 28:23 My parents have sold their house and they have $200,000 cash. What should they do? 36:00 Can I escape GILTI tax on my offshore earnings? 41:56 How can I make a living as an economist?  

    Mrs. RPF is Back! Homeschooling, Worldschooling, and Full-Time Travel With Little Kids

    Play Episode Listen Later Nov 17, 2021 70:25

    How Quickly Will Social Security Run Out of Money?

    Play Episode Listen Later Nov 15, 2021 84:36

    https://www.ssa.gov/OACT/TR/2021/tr2021.pdf 

    Supply Chain Disruptions: Where Do We Go From Here? Interview with Steven Harris

    Play Episode Listen Later Nov 11, 2021 121:51

    We are living in a significant supply chain crisis. In today's show I've invited Steven Harris back on the show to discuss the current events as we seek to prognosticate a bit about where things could go from here and how we can be prepared for the impending changes. Enjoy! Joshua www.Harris1234.com and www.Steven1234.com 

    Friday Q&A: Moving Cash Safely, Massive House Values, Moving Abroad with Bitcoin, etc.

    Play Episode Listen Later Nov 4, 2021 113:53

    On today's Friday Q&A we cover: 1:30 - How can I grow my new blog? 17:10 - We bought a house that has massively increased in value. What do we do now? 29:06 - I need to move >$100,000 of currency across the country. How do I do this safely? 1:05:00 - I'm moving abroad while waiting for my Bitcoin to appreciate. What do I need to think about? 1:40:29 - How do I know when I'm ready to hire a financial advisor? Join us next week! https://www.patreon.com/RadicalPersonalFinance  Hire me personally! https://radicalpersonalfinance.com/consult 

    Is it Cheaper to Live in Mexico or the USA?

    Play Episode Listen Later Oct 21, 2021 57:20

    Don't Apply My Advice. First, Ask Yourself If It Actually Applies to Me Right Now.

    Play Episode Listen Later Oct 19, 2021 16:10

    DELETED EPISODE - Mental Models to Deal with Controversial Topics

    Play Episode Listen Later Oct 18, 2021 106:48

    I recorded this episode of the show to deal with a recent minor controversy from a passing comment I made. Then I decided it was too far out of the scope of what I want discussed on RPF, so I canned it, choosing not to release it. Well, the controversy continued, and after I shared this "deleted episode" with a few listeners privately who found it helpful, I decided to let you choose for yourself, rather than my censoring it. It's all explained in the intro! Joshua

    Friday Q&A: Business, Student Loans, Bankruptcy, Babies, Annual Fees, Houses, etc.

    Play Episode Listen Later Oct 15, 2021 83:53

    On today's Friday Q&A show: 1:30 Difficulties on 1031 exchanges 6:45 Should I start a business on the side or full-time? 11:45 Can I deduct my student loans as a business expense? 12:15 We are expecting a baby. How should I use my paternity leave? 22:30 How do I get rid of a credit card with an annual fee? 30:15 Should I maintain multiple bank accounts and multiple brokers? 39:30 Should I buy a house? 44:00 How can we help children develop entrepreneurship? 52:00 How do I communicate with my wife about a radical lifestyle? 1:06:30 My mom is headed deep into debt as a result of medical bills, possible into bankruptcy. How do we protect her?

    Is Freedom in the USA Doomed Due to Forced V Mandates?

    Play Episode Listen Later Oct 12, 2021 78:55

    In today's podcast, I share with you: Why I think the USA is a good place to be right now with regard to personal freedom, even with various rules and mandates. What I think will happen in coming months. How to prepare if the USA turns int a not-so-good place to be. Enjoy! Joshua https://radicalpersonalfinance.com/consult 

    My Recent Experiences Teaching My Children French

    Play Episode Listen Later Oct 11, 2021 25:41

    I recently traveled with my family to France, with a primary goal of buying French books to read to my children! Today, I'll share a progress update on this project. Joshua

    How to Protect Yourself from Civil Asset Forfeiture

    Play Episode Listen Later Oct 6, 2021 73:23


    Recently, US government agents raided 800 safe-deposit boxes and stole $86,000,000 of cash plus other valuables from the box holders. The government is trying to keep the money under the Civil Asset Forfeiture rules in the USA. Today, I explain the details of the case to you as well as how to protect your money and stuff from similar thefts. Joshua BOOK A CONSULTING CALL WITH JOSHUA: www.radicalpersonalfinance.com/consult  Yahoo News: "Federal authorities cash in on safety box seizures as owners fight back" LA Times: "FBI says fortune seized in Beverly Hills raid was criminals' loot. Owners say: Where's the proof?" LA Mag: "The FBI Is Trying to Keep More Cash Seized from a Beverly Hills Vault" YouTube: "Never Get Busted Again Volume 1 Official: Traffic Stops - Full Video by BARRY COOPER"


    My Biggest Financial Mistakes - Pursuing a Lifestyle of Leisure

    Play Episode Listen Later Sep 25, 2021 35:12

    Global Supply Chains are in Disarray Buy the Physical Items You Need and Want Now

    Play Episode Listen Later Sep 25, 2021 14:38

    Major Tax Changes Coming...Just Like Always!

    Play Episode Listen Later Sep 15, 2021 40:00

    Text of House Dems Proposal @CPAPlanner's tweetstorm on the proposal How Peter Thiel Saved $5 Billion Tax Free #PassportSheats

    Will Your Bank Automatically Send All Your Info to the IRS?

    Play Episode Listen Later Sep 14, 2021 79:01

    Biden wants IRS to snoop into your bank account, know when you have $600 or more Biden Tax Plan Leans on Banks to Help Find Unreported Income The proposal would require banks to report annual account inflows and outflows to the Internal Revenue Service White House Fact Sheet: The American Families Plan Department of the Treasury: General Explanations of the Administration's Fiscal Year 2022 Revenue Proposals Elizabeth Warren's S.1788 - Restoring the IRS Act    

    A Truth About Personal Freedom I Desperately Wish Weren't True

    Play Episode Listen Later Sep 10, 2021 23:39

    My Biggest Financial Mistakes: Not Selling Aggressively

    Play Episode Listen Later Sep 9, 2021 56:58

    Friday Q&A: Houses, Taxes, Traveling, Internationalizing, Diversification, Income

    Play Episode Listen Later Sep 3, 2021 98:34

    Today we discuss: 1:30 My landlord has Stage 4 cancer and wants me to buy his house. Should I do it? 15:30 Should I start an S-Corp to save on taxes? 24:39 How can I learn to be a lighter traveler? 33:33 How can I enhance my international diversification? 46:43 How much net worth should you invest into a single project? 1:04:30 How can I increase my income? Join next week's call at https://patreon.com/RadicalPersonalFinance 

    My Biggest Financial Mistakes: Conservatism

    Play Episode Listen Later Aug 30, 2021 71:00

    Friday Q&A: Education, Crypto Lending, Low Income Opportunities, Spending Money on Prepping, House Hacking, etc.

    Play Episode Listen Later Aug 27, 2021 103:53

    2:06 How should I save for my children's education? 31:00 How should I view crypto lending accounts? 38:00 My income is going to be super low this next year. What are my opportunities? 46:30 How much money should I spend on prepping? 1:03:30 I'm a new early retiree. Should I pay cash for a house or finance it? 1:22:30 I'm young and getting into house hacking. How should I start? 1:31:15 What are Joshua's real estate investment plans?

    How to Lower The Stress of Travel

    Play Episode Listen Later Aug 26, 2021 25:07

    Friday Q&A: Where to Start as 21-Year-Old, Liability on Rural Property, Saving for Retirement vs. House, etc.

    Play Episode Listen Later Aug 20, 2021 53:00

    It's Friday! On today's Q&A call we discuss: 1:20 I'm 21 Years old and just bought a house. Should I do the Alpha Strategy? 24:50 I bought a rural property. How can I control my liability? 36:35 Should I prioritize retirement savings or a house down payment?

    How to Buy a Quality Used Car Fast

    Play Episode Listen Later Aug 13, 2021 55:23

    Family Travel by Car is Vastly Superior to All Other Options

    Play Episode Listen Later Aug 12, 2021 34:57

    Friday Q&A: More Flag Theory, Debt Management, Etc.

    Play Episode Listen Later Aug 5, 2021 96:11

    The Beauty and Excellence of a Conventional Life

    Play Episode Listen Later Aug 4, 2021 67:46

    Practical Tools to Travel the World Cheaply

    Play Episode Listen Later Jul 30, 2021 26:48

    Why I Defend Billionaires

    Play Episode Listen Later Jul 21, 2021 35:37

    When You Have to Run Because…War

    Play Episode Listen Later Jul 16, 2021 17:35

    Family Travel Tips from a Full-Time Nomad Family

    Play Episode Listen Later Jul 12, 2021 59:38

    Analyzing Peter Thiel's $5 Billion Roth IRA

    Play Episode Listen Later Jun 28, 2021 69:06

    https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax 

    This is Why You Shouldn't Leave Your Home Country and Go Elsewhere

    Play Episode Listen Later Jun 23, 2021 47:29

    Friday Q&A: Michael Burry's Crypto Predictions, How Much Life Insurance, Florida

    Play Episode Listen Later Jun 18, 2021 60:27

    It's Friday! Today we discuss: 2:21 What do we do with Michael Burry's predictions of a crypto crash? 18:35 How do I figure out how much life insurance I need 35:45 Is Florida the best state in the USA? Enjoy! To join me next week, sign up here: https://patreon.com/RadicalPersonalFinance Joshua

    Commentary on ProPublica Article: "The Secret IRS Files: Trove of Never-Before-Seen Records Reveal How the Wealthiest Avoid Income Tax"

    Play Episode Listen Later Jun 11, 2021 68:52

    ProPublica made a splash this week with their reporting on the wealthiest 25 Americans' tax returns. Let's discuss! Joshua https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax 

    How This Man Built a Massive Business in a Frontier Market: Interview with Steve Aronson, Founder of Cafe Britt

    Play Episode Listen Later Jun 9, 2021 68:55

    Friday Q&A: DIY, Business in Mexico, CPA Business, Buying Houses, Liberland

    Play Episode Listen Later Jun 4, 2021 108:10

    On today's Friday Q&A we discuss: 1:30 Should I spend money on home projects when I'm capable of DIY? 17:20 What's involved with my opening a business in Mexico 26:30 Is there any danger to my real estate strategy of doing owner-financing to Mexican immigrants? 35:30 How can a young CPA grow his business and career intelligently? 43:30 Should I buy a house? 1:01:00 What is the likely future of Liberland? 1:24:15 Is it crazy for us to AirBnB for 6 months while we find a new place to live? If you'd like to be on next weeks Q&A show, sign up here: https://patreon.com/RadicalPersonalFinance  Enjoy! Joshua

    Joshua's WhatsApp Metaphor and How It Will Apply to the Changing Financial World

    Play Episode Listen Later Jun 3, 2021 47:26

    Starting a New Country Dedicated to the Principles of Liberty: Interview with Liberland President Vít Jedlička

    Play Episode Listen Later Jun 2, 2021 30:21

    Friday Q&A: Saving on Taxes, Learning a New Language, Getting into Camping, Inflation, etc.

    Play Episode Listen Later May 28, 2021 91:16

    On today's Friday Q&A is show we cover: 1:10 I have a new 109-acre property. How can I use it intelligently to offset the costs and taxes? 18:32 Should I pay off debt if I expect future inflation? 27:15 What tools should I use to learn a language from scratch? 41:45 How far can I go in deducting the expenses of my vacation rental and how far should I go to get tax deductions? 1:03:00 I'm getting my family into camping for the first time. Where should I start? 1:22:00 Should I invest into life settlement contracts? Enjoy! Joshua https://patreon.com/RadicalPersonalFinance 

    Why I Got Bitcoin Wrong: An Apology

    Play Episode Listen Later May 20, 2021 69:10

    In 2013, Bitcoin traded for $85 per coin. Today, it's at $40,000 per coin. I never once told you to buy Bitcoin. In today's show I'll explain why and I will apologize for that oversight. Joshua 

    The Freedom of Full-Time Family Travel

    Play Episode Listen Later May 19, 2021 63:20

    As a family, we've just finished the first two weeks of our most-recent nomad adventure in Mexico! In today's show, I want to share with you how and why we live in a golden age of travel and how you can access it if you want to! Joshua

    Is it Safe to Go to Mexico? Or Anywhere?

    Play Episode Listen Later May 13, 2021 27:44

    How to Move to Mexico (and Why You Should Establish Residency Now, Not Later)

    Play Episode Listen Later May 10, 2021 50:20

    I firmly believe that any North American who is interested in a Plan B should consider Mexico as an option before almost any other country. In today's podcast I've invited attorney Enrique Ramírez Corona on the show to discuss how Mexico's immigration program works. Enjoy! Joshua Enrique's website: http://www.sanmiguel-legal.com/ Enrique's email: enrique@sanmiguel-legal.com  

    I Make Dreams Come True

    Play Episode Listen Later May 5, 2021 49:53

    Friday Q&A: Downsides to Second Citizenship, Crypto Wages, Cash Out Pension, Etc.

    Play Episode Listen Later May 1, 2021 140:51

    It's Friday! Today we do Q&A! 1:30 Is there a downside to a second citizenship? 20:04 Should I invest for early retirement or buy a house? 47:37 How are my crypto wages taxed as I earn them and they grow? 1:06:00 Should I cash out my Teacher's pension or keep it? 1:16:48 I make 3x money as I did 6 months ago. Am I spending too much? 1:24:27 I have $1,000,000 in the stock market. Should I sell? 1:38:20 How can I plant some flags as a farmer? 1:52:31 How can I pay my parents to work for my business? 2:01:00 What's wrong with Universal Life Insurance? To join next week's show, go to https://patreon.com/RadicalPersonalFinance

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