Radical Personal Finance

Today, I have a really great interview on finance from a Canadian Perspective. But make sure to listen whether you're Canadian or not. My guest is Dan Bortolotti, founder of the Canadian Couch Potato website. He has a really great story where he began as a personal finance writer and blogger and later moved into the space of being a professional financial advisor. We chat about: The value of a paying fees to a financial advisor The fit between PF writer and advisor Canadian tax law and retirement accounts Indexing from a Canadian perspective and similarities to the US market Home country bias And more! Enjoy! Joshua Links: Canadian Couch Potato Dan's DIY Investor Service

Learn how to set and achieve financial goals in the upcoming year. Understand the process of building wealth and achieving goals. Discover the importance of taking responsibility for your financial life and developing a clear plan. Explore strategies for tracking finances, understanding debt costs, and prioritizing investments. Learn how to identify and plan for risks in your financial plan. Realize the illusion of money fixing problems and the importance of seeking personalized financial advice.

Financial Planning is--and should be--fully integrated with every aspect of life. Often, there are non-financial ways of hitting financial goals that are more efficient than just simply "buying the solution." Helping your children develop their talent is one such area of focus. If you can launch a young man or woman with real, useful skills that have an economic value in the marketplace and which are aligned with their individual personality and interests, they will be far ahead of many of their peers. This early start can launch the magical cycle of compounding earlier which can have a lifetime impact. Consider the impact of an early start: If a 16-year-old can learn to earn and invest $100 per month through developing and marketing their talent, they could accumulate a nest egg at 66 of $1,746,876.07. (50 years of investing, $100/mo each month, 10% interest compounded monthly, starting with $0.) If a 22-year-old begins when they graduate college, they will wind up with $955,649.56 at age 66. (44 years of investing, $100/mo each month, 10% interest compounded monthly, starting with $0) My guest is Jonathan Harris and he writes at the website www.10kToTalent.com. He is the father of 8 children and is a both a learner and an expert at developing talent in children. Enjoy the interview! Joshua Links: Jonathan's website: 10kToTalent.com Jonathan's guides on helping children discover talent Jonathan's 13-year-old son's website: Scarab Coder Jonathan's 17-year-old son's website: Redding Drone

Doug Nordman is a really neat guy who has made an incredible contribution to the Early Retirement (ER) community. Known affectionately in various forums as "Nords," he contributes a rational, learned perspective on financial topics. He and his wife both retired from the US Navy. Doug was 41 and has somehow managed to stay retired for the last decade. ;) Join us today for a really neat discussion of the history of the early retirement movement and some of the contributions from its early leaders. (It's not all fun and games...we do get into some technical details on early retirement as well!) Joshua Links: Doug's website: The Military Guide Cashing In On The American Dream by Paul Terhorst Early-Retirement.org RetireEarlyHomepage.com Yahoo article on Anton Ivanov (who lied about financial independence plan) "The Millionaire Liar" - Article from the original PF blogger who publicized his story The Hapless Y2K Retiree

It's Friday! That means a Q&A show for you. Today, I answer all of these questions. Here are the questions and the time stamp for where each can be found in the episode. Enjoy! Joshua 10:00 - Brandon: How do I convey our financial information to my executor if my wife and I die? Should I have my testamantery trust managed by a professional trustee? 29:43 - Kyle: How do I save money on taxes as a young, single physician resident? 54:01 - Daniel: Is it ok for a young person to have a 100% stock allocation? 1:02:44 - Greg: I have $2.5M, can I afford to retire? 1:10:44 - John: How do I find a good team of advisors? 1:28:00 - Tom: Could I take a loss on a house I transfer into an ESA and then get the gain out tax-free? Links: Last Pass Password Gorilla Save Taxes By Moving Step Transaction Doctrine Substance Over Form Garrett Planning Network XY Planning Network

In today's world, it's easy to find reasons for pessimism. And yet, we truly live in a time of greater abundance and quality of life than ever before. Join me today as I share some reasons for being thankful and grateful to be alive today. It's a good time to be alive. Joshua Links: Ericsson Mobility Report for November 2014 How Fast is 5G?

Today we have a really fun interview with Steve Maxwell. Steve is the father of eight and his three oldest sons have all purchased their houses debt-free, in their 20s, and before marriage! His younger two sons have the same vision and are on track for a similar result. How cool is that?! Steve is an electrical engineer by training. He left his engineering job however and now spends his time writing books and traveling the country speaking and encouraging others with his ministry organization, Titus 2. Enjoy! Joshua Links: Buying a House Debt-Free on Titus2.com The Maxwell Family blog

Today, I have a really great show for you with Christopher DeLaney. Christopher and his wife have two little kids and they maintain a modern lifestyle without a car! Impressive! Christopher is gentle, unassuming, knowledgeable, and very helpful! Enjoy this interview! Joshua Links: Article about Christopher and his family on Bike Portland Interview with Christopher and his wife on the Sprocket Podcast Pictures of a "Bakfeit" bicycle

In this podcast, the host reviews and critiques Tony Robbins' book 'Money: Master the Game', discussing its layout, lessons learned, aspects loved, and major flaws. They explore topics such as strategies for saving and investing, success stories and the importance of taking risks, financial dreams and goals, understanding the impact of stress and the power of perception, and the complexity of execution. The host also provides a critique of the book, highlights the lack of historical context, analyzes the marketing strategy, and discusses the active vs passive investing debate.

In our current culture, it's easy to become discouraged and feel as though the American Dream is out of reach for the common person. Is it easier to achieve now than in the past? Is it harder? Let's leave that debate for another day. Frankly, it doesn't much matter in your individual situation. What does matter is whether it's possible to improve your circumstances and to pursue your version of happiness. My guests today are proof that the American Dream is alive and well for some people. In many ways, Mark and Lauren Greutman embody an oft-repeated scenario. Married young, four small kids, strongly middle class circumstances, mild to moderate overspending and being stuck in circumstances that felt beyond their control. And yet, a few years after their wakeup experience, they're in a very different place. Mark recently left his job in the corporate world and he and Lauren now work together in the family business. Many of the tools we talk about each day in the show were instrumental in their journey and you'll hear how they are all interwoven. Enjoy! Joshua Links: IAmThatLady.com MarkandLaurenG.com Mark and Lauren's podcast: The Simpler Happier Life Lauren's book: "How to Coupon Effectively"