Radical Personal Finance

You want to start a business...so, you have to decide what type of business entity to use, right? Well, yes and no. Yes in the sense that it is an important decision. But no in the sense that you should first focus on how you're going to build the business...and you should probably just start the business and see if it will work. But, it is an important decision. And there is a lot of confusion over all these entities. Today we cover these entities in an introductory capacity: Sole Proprietorship Partnership C Corporation S Corporation Limited Liability Company (LLC) Limited Liability Partnership (LLP) My intention is not to give you all the details but simply an overview so you will feel more confident soliciting the professional advice that you need for your specific situation. Joshua Need a financial advisor? Start your search here: www.radicalpersonalfinance.com/paladin Support RPF on Patreon: www.radicalpersonalfinance.com/patron Book a consulting call with me: www.radicalpersonalfinance.com/phonecall

Whatever begins to exist has a cause. This fundamental truth governs much of your thinking. And yet, have you stopped to consider its application and how you can adjust this to your benefit? The law of cause and effect is operational in your daily life. And yet, many people focus on the things they want (the effect) without every once stopping to think about how to get there! They don't think about the causes that are necessary to achieve a certain effect! In today's show, I give you a series of very practical lines of inquiry into financial causes and effects. These ideas will help you to look at your own situation with a fresh vision and to create a customized plan that will help you go from where you are to where you want to be. Joshua You Need A Budget! Try this system free for 30 days: www.radicalpersonalfinance.com/ynab Support RPF on Patreon: www.radicalpersonalfinance.com/patron Want to have a consulting phone call with me? www.radicalpersonalfinance.com/phonecall

Hey Radicals! Tough week this week and I'm behind on shows. My apologies! I thought you might enjoy this recent interview I gave on Everything Financial Radio in Grand Rapids, Michigan. The first part of the show is with Gerald Celente. My interview starts at 19:15. Back soon, Joshua The original file is found here: http://www.everythingfinancialradio.com/2016/07/gerald-celente-and-joshua-sheats-join-host-dennis-tubbergen/

Today's show is dedicated to the idea of mobile home investing. John Fedro stumbled into the mobile home investment business and has since made it his unique area of specialty. Mobile homes have some unique characteristics that might make them an attractive investment class for you to consider. (After all, you can often buy an entire house for less than a new car!) But they also carry some significant potential downsides. Enjoy the education, Joshua John's website: http://www.mobilehomeinvesting.net/ Support RPF on Patreon: www.radicalpersonalfinance.com/patron

On Fridays, I host a live Q&A call! Today we cover: Should I Take a State Defined-Benefit Pension Plan or Choose a Defined-Contribution Option? Why Do So Few People Grasp How Simple It Is to Become Wealthy? What Are the Next Steps I Should Take in Establishing My New Consulting Business If you'd like to join on a future call, become a Patron of the show at www.radicalpersonalfinance.com/patron Enjoy! Joshua

Ever since I sat down and designed my "Seven Stages of Financial Independence," I've been a bit bothered by Stage 7: Financial Abundance. I inserted it at the end of the list because I think that's where it belongs. But I don't think you have to wait until you get through the stages to be able to enjoy a lifestyle of Financial Abundance. And I definitely don't think you should wait for later to start planning for Abundance. So, what do you do? Well, in today's show I do my best to lay out some ideas to point you in the right direction. Enjoy! Intro to the Stages of Financial Independence: https://radicalpersonalfinance.com/174-the-stages-of-financial-independence-a-useful-roadmap-to-help-you-navigate-from-from-broke-to-financial-freedom/ Support RPF on Patreon: www.radicalpersonalfinance.com/patron Book a consulting call with me: www.radicalpersonalfinance.com/phonecall

Your personal credit and credit rating are an important component of your financial life. But did you know that you can also establish, build, and utilize an entirely separate credit file on your business? My guest today, Ty Crandall, is an expert on both business credit and personal credit and he's here with me today to share with you some actionable strategies you can understand and implement to begin building your own personal business credit. Enjoy! Joshua Ty's website (and free guide): www.creditsuite.com/ein Support RPF on Patreon: www.radicalpersonalfinance.com/patron

Today we tackle Social Security with Devin Carroll from www.SocialSecurityIntelligence.com Devin is a financial planner who has taken a special interest in consulting on the topic of social security. In this show we cover some general background and advice for those who are trying to figure out how to approach their social security strategy as well as some interesting background on the social security program. (If you listen closely, you might even find an argument or two contained herein!) Enjoy! Joshua Devin's website: http://socialsecurityintelligence.com/ Support RPF on Patreon: www.radicalpersonalfinance.com/patron

My guest today has been from the lowest of lows to great heights of success. And then he repeated the cycle at least a time or two. Rod Khleif has owned over 2,000 houses and apartments. He has made millions. And, he lost millions during the 2008 housing crash. Today, he's come on the show to share the good and the bad from his experience. We cover technical details of real estate as well as many very important life lessons. Enjoy! Joshua Support RPF on Patreon: www.radicalpersonalfinance.com/patron Rod's podcast website: http://lifetimecashflowpodcast.com/

Do you wish to set out and travel but feel like you lack the money? Well, what if you did it anyway and just adjusted your style of travel to fit a more modest budget? My guest today is long-time listener of the show, Philip Frey. A few years ago he did exactly that. He set out across Europe with a schoolmate and they managed to cobble together a very fun trip on a very modest budget! In today's show we discuss Philip's experiences and advice for how to replicate a trip like his. I also share some of my tips and ideas for how I would approach a trip like this for myself. Enjoy the show! Joshua Philip's website: http://www.valiantgrowth.com/ A stand-alone episode that Philip did on his podcast "Extreme Travel: My Story of Hitchhiking Through Europe on Under $40 a Week" http://www.valiantgrowth.com/e32/ Also, "How to Spend $2/day on Food" http://www.valiantgrowth.com/e14/ Steven Harris's website on "How to Keep Your Phone Charged All the Time Anywhere in the World That You Go" http://www.cellphone1234.com/ Hitchwiki: The Hitchhiker's Guide to Hitchhiking the World http://hitchwiki.org Support RPF on Patreon! www.radicalpersonalfinance.com/patron