Radical Personal Finance 1126-Friday Q&A: How Goes the New Business, Foreign Currency Transaction Amounts, A Day in the Life of Joshua, etc.
Jan 9, 2026
The discussion kicks off with insights into the acquisition of Life of Fred and Joshua's initial thoughts on growing existing businesses. Listener questions reveal strategies for managing foreign currency after relocating to New Zealand. Joshua shares practical tips for handling finances abroad while balancing his hectic life as a parent and business owner. His daily routine showcases the complexity of managing family and work, along with the importance of community support. Exciting news about upcoming family camp and course updates wraps up the conversation!
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First Business Purchase Was Messy And Fun
- Joshua describes buying Life of Fred as a messy but rewarding first acquisition where he made many mistakes.
- He enjoyed the process and sees it as a fit for his strengths of growing existing businesses rather than starting new ones.
Growing Versus Starting Businesses
- Joshua realized starting businesses and growing businesses require different skill sets and he is better at growing.
- He prioritizes owning private businesses for the larger financial upside compared with passive investing.
Don't Rush Public Changes After An Acquisition
- When you buy a unique existing business, prioritize not screwing it up and move slowly on public-facing changes.
- Modernize carefully behind the scenes while protecting brand goodwill.
