Radical Personal Finance

We're in a recession. It hasn't been "officially" acknowledged yet, but it certainly will be. So let's talk about how you can profit from this situation. With the right attitude and the right decisions, you can come out of this difficult time positioned for greater and greater success. Let's talk about how. Joshua

It's Friday! In today's Q&A show we cover: 1:00 Joshua's predictions on COVID-19 17:32 How to be positive during COVID-19 27:00 How to walk away from a working class mentality and adopt a rich mentality 52:12 Is it ethical for me to take unemployment insurance? 1:03:13 Is this a good time to go into the market? Enjoy! Sign up to support the show on Patreon: https://patreon.com/radicalpersonalfinance Private consulting is $150 off. Email joshua@radicalpersonalfinance.com with coupon code MARCHMADNESS All courses are 20% off with code "CORONAVIRUS" at https://radicalpersonalfinance.com/store Take my Family Preparedness class: https://radicalpreparedness.com Use "CORONAVIRUS" to save 20%

Quick update: I'm available for private consulting. Hourly rate is discounted from $400 to $250 until the end of March with code MARCHMADNESS Email me: joshua@radicalpersonalfinance.com Courses are 20% off with code "CORONAVIRUS" at www.radicalpersonalfinance.com/store and at www.radicalpreparedness.com "To be truly challenging, a voyage, like a life, must rest on a firm foundation of financial unrest. Otherwise, you are doomed to a routine traverse, the kind known to yachtsmen who play with their boats at sea… "cruising" it is called. Voyaging belongs to seamen, and to the wanderers of the world who cannot, or will not, fit in. If you are contemplating a voyage and you have the means, abandon the venture until your fortunes change. Only then will you know what the sea is all about. "I've always wanted to sail to the south seas, but I can't afford it." What these men can't afford is not to go. They are enmeshed in the cancerous discipline of "security." And in the worship of security we fling our lives beneath the wheels of routine – and before we know it our lives are gone. What does a man need – really need? A few pounds of food each day, heat and shelter, six feet to lie down in – and some form of working activity that will yield a sense of accomplishment. That's all – in the material sense, and we know it. But we are brainwashed by our economic system until we end up in a tomb beneath a pyramid of time payments, mortgages, preposterous gadgetry, playthings that divert our attention for the sheer idiocy of the charade. The years thunder by. The dreams of youth grow dim where they lie caked in dust on the shelves of patience. Before we know it, the tomb is sealed. Where, then, lies the answer? In choice. Which shall it be – bankruptcy of purse or bankruptcy of life?"

It's Friday! We have a Q&A show today. But please listen. My economic concern continues to grow and I want you to be prepared for what could happen economically in the future. It's very serious. 1:15 I have a family member stuck in Costa Rica. How do they get home? 4:10 I'm about to get a tax refund. What should I do with the money? 33:05 Should I be working in California or Spain at the moment? How can I profit from the current crisis? 52:25 Why should I have thousands and thousands of dollars of physical currency available to me right now? 1:16:15 How can I properly integrate a Dave Ramsey portfolio into my life?

The podcast discusses the importance of changing goals instead of fighting against unpredictable circumstances. It explores the dangers of rigid goal setting and highlights personal experiences from sailing and encounters in Kenya. The chapter also touches on adapting to recession and changing goals, offering high-level consulting services, and increasing security during economic turmoil.

Perhaps, like me, you're having a hard time getting your brain to accept what you're seeing around you and on the news and you're trying to figure out what's going on. In working through this problem, I decided to chart out my Best-Case Scenario and my Worst-Case Scenario for both the medical problem of the COVID-19 pandemic and the economic outlook. I figured I might as well turn the microphone on and let you listen in. I hope it's useful. Joshua

It's Friday! Time for Q&A. In today's show we cover: 1:30 - How should I prepare for buying rental real estate in 2 years? 10:40 - Should I contribute to retirement savings while saving a down payment? 13:15 - Should I use a Roth IRA to accumulate a down payment? 18:00 - If I refinance my mortgage to get lower rates, what should I do with the money? 26:15 - How can I make the transition from a lucrative career to a side hustle? 45:45 - Should I quit my job right now, given the recent changes in the economy? 51:15 - Can I do tax loss harvesting with two index funds? 54:05 - My wife is a French citizen. Should I also pursue French citizenship? 1:01:00 - How do I know when it is time to buy a stock? 1:03:10 - Should I take a 401(k) loan to set aside for potential opportunities? 1:14:30 - How can I become freer and richer by setting up a nomad lifestyle? 1:47:20 - How can I prep and build food storage while maintaining a Ketogenic diet? Enjoy! Joshua Buy my courses: https://radicalpersonalfinance.com/store Get my prepping class: https://radicalpreparedness.com Sign up as a Patron so you can be on next week's call-in show: https://patreon.com/radicalpersonalfinance

I woke up this morning and felt like I've been overly optimistic in my tone recently. I genuinely feel optimistic, but that's not because I don't think the situation is very dire. It is. In today's show, I try to share with you why I feel optimistic but I seek to give you a stern warning not to let my optimism lead to your inaction. Joshua