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Radical Personal Finance

1069-Friday Q&A: Laid Off, Building a Better FAFSA, RPF Academy, Voluntary Buyout

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.41.9K Ratings

🗓️ 22 November 2024

⏱️ 67 minutes

🧾️ Download transcript

Summary

On today's Friday Q&A show we discuss:

  • 1:00 I just got laid off...now what?
  • 13:16 How can I arrange my affairs for a better FAFSA?
  • 24:43 Will the Career & Income Course be in the RPF Academy?
  • 33:16 Should I take a voluntary buyout offer of 6 months of pay?

Enjoy!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now,

0:04.1

while building a plan for financial freedom in 10 years or less. My name is Joshua Sheets.

0:07.9

Today is Friday, November 22, 2024. And on this Friday, as we do on each and every Friday,

0:13.6

in which I can arrange the appropriate recording technology, we record a live Q&A show. You call in,

0:18.4

talk about anything you like. It is an open line Friday show.

0:22.3

If you would like to gain access to one of these Friday shows, you can do that by becoming a

0:25.6

patron of the show. Go to patreon.com slash radical personal finance. Patreon.com slash radical

0:30.9

personal finance. We begin today with Samuel in Colorado. Welcome to the show. How can I serve you

0:35.3

today, Samuel? Hello. We talked the show. How can I serve you today, Samuel?

0:45.2

Hello. We talked many times. And today, I have new news. I got a house last time. But this time,

0:50.9

I just found out that I've been laid off from the job that I've been at for almost 10 years, public accounting.

0:56.5

Wow. And we've discussed before. Yeah. We've discussed before. I wasn't sure if I wanted to stay there and I was even planning to leave earlier this year.

0:59.6

So it's kind of a blessing.

1:01.1

And I've listened back to your shows, you know, your three-part series, as well as the

1:05.7

show way back on and during your layoff.

1:09.7

And that one, you know, was really good because I didn't think I could ever be laid off,

1:14.9

but I have about three months of severance.

1:17.7

Two months of that is Warnack and one month of severance.

1:20.9

And I did go ahead and apply for unemployment.

1:24.7

I'm not sure if I'll end up getting it because, yeah, I pay into it anyway. But

1:28.9

I was just curious with that in mind, any other ideas. So a little bit of context with this house,

1:37.0

I probably have about 12 months. I could pay the mortgage without tenants and I'm trying to get

...

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