1088-Friday Q&A: Financial Inflation, Lifestyle Inflation, Family Business, Saving for a New Grandchild

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

4.4 • 1.9K Ratings

🗓️ 21 March 2025

⏱️ 72 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

1:00 How do I protect myself from inflation risks, both financial and lifestyle?
25:00 How do I get my life under control with children?
50:00 How can I move from a career in sales to a multi-generational family business?
59:00 How can Grandparents save for a new grandchild?

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome to Radical Personal Finance and show dedicated to providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now while building a plan for financial freedom in 10 years or less.
0:09.9	My name is Joshua Sheets. I'm your host. Today is Friday, March 21, 2025. And on this Friday, as we do on any Friday, in which I can arrange to record a live call. We have live Q&A.
0:21.7	You call in, talk about anything that you want.
0:24.9	If you would like to gain access to one of these shows,
0:26.7	you can do it by becoming a patron of the show.
0:28.4	Go to patreon.com slash radical personal finance.
0:31.1	Sign up to support the show on Patreon,
0:32.8	and that will gain access for you to one of these shows.
0:35.6	We begin with Aron in Tennessee. Aron, welcome to the show.
0:38.8	How can I serve you today? Hey, Jasper. I got two questions. One, a general one. The other one is, like, a
0:46.1	personal situation. The first one is, like, how to deal with the inflation. Like, all my financial,
0:52.8	once I consider myself financially educated, I've been
0:55.6	preparing for a resource and a downtime where it's paved, like, in a hot cat, like, three to six
1:01.8	months of expenses and all. That's all in my savings account. But the last couple of years,
1:07.5	the inflation has really been eating me up, like, which I consider
1:11.5	as like three to six months of expenses.
1:13.2	It's more like like one to two months of expenses now.
1:15.6	My expenses are going up and how to deal it, deal it in a day-to-day or month-to-month
1:21.6	budget thing-wise.
1:23.6	I work a salary position, like it's 9 to 5 job.
1:31.5	Like it's, the wages are not going up that fast.
1:34.2	Like it's 1% 1.2% increment.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.