601-Asset Protection Planning for Mere Mortals - Part 1
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 13 November 2018
⏱️ 36 minutes
🧾️ Download transcript
Summary
I love the topic of asset protection planning. It's super interesting to me.
But my observation is, like most topics, people involved in the business talk about what they can sell. The lawyers talk about corporations and trusts because they sell them. The insurance agents talk about life insurance and annuities because they sell them.
Since I don't sell that stuff, I think about you and what I think can help you.
And in today's show, I want to give you a simple starting place: think about your assets and think about the risk you're trying to protect them from. Then make your plans.
Details in the show.
Joshua
- Learn how to borrow money that's unsecured by any collateral. (This is good for you if you ever default.) Sign up for my course: www.radicalpersonalfinance.com/creditcardcourse
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, |
| 0:03.9 | skills, insight, and encouragement you need to live a rich and meaningful life now, while building |
| 0:08.5 | a plan for financial freedom in 10 years or less. |
| 0:11.2 | My name is Joshua, and today I'm going to kick off a relatively long |
| 0:15.4 | series on asset protection planning. Again asset protection planning. Now in the |
| 0:22.2 | Radical Personal Finance Rubric, remember that we organize and categorize all financial |
| 0:27.8 | information and all financial advice under these five components. |
| 0:32.3 | Component number one is increase income. |
| 0:34.3 | Component number two is decrease expenses. |
| 0:36.7 | Component number three is invest wisely. |
| 0:39.1 | Component number four is avoid catastrophe and component number five is optimising. is categorize your information. So remember that steps one, two, and three, increase income, decrease |
| 0:55.6 | expenses, and invest wisely, these are things that you can actively and continually |
| 1:01.3 | do. They are subjects and themes to which we return again. and continually seek to optimize and |
| 1:08.0 | to optimize and improve each of those things. |
| 1:11.0 | Point number four, avoid catastrophe is perhaps the most broad of any of these five |
| 1:17.6 | points because here I'm simply talking about helping you to avoid any kind of potential catastrophe that you can. |
| 1:25.1 | Because this is where we take specific steps to protect ourselves, protect our assets, from various risks. |
| 1:34.4 | Because the nature of risk is so expansive, |
| 1:38.4 | there's almost no limit to the topics |
| 1:41.2 | that we can cover under this theme of avoiding catastrophe. |
| 1:45.0 | And today we're going to talk about it with asset protection planning. |
| 1:49.0 | I want to begin this introductory episode with a discussion of what is asset protection planning. in this Usually when you see this term used in the financial planning literature, usually this is a legal strategy. |
... |
Please login to see the full transcript.
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.
Copyright © Tapesearch 2026.