Welcome to Radical Personal Finance to Show dedicated to providing you with the knowledge,

skills, insight and encouragement you need, live a rich and meaningful life now, while building

a plan for financial freedom in 10 years or less.

In today's episode, we continue our series on asset protection

planning. My hope is to help you protect the assets that you currently have and

those assets that you are currently accumulating while you're on your path toward

financial independence.

In the early episodes of this series, we tackled a lot of big picture topics.

We tackled a lot of theory, a little bit of philosophy, and some big picture

understanding of how the litigation risk works against you. In today's episode

we're going to get very tactical because I want to provide information that will help you where you are now.

The good news is this. You don't need to hire an attorney to engage in asset protection planning.

There are many forms of asset protection planning that you can do entirely on your own and in fact almost everything in today's show will be entirely accessible to you without ever hiring legal counsel.

You don't need exotic strategies that cost a lot of money necessarily. You can do a lot with simple

practical things that you're already doing by simply understanding those things. So today we're

going to start the process of specific tactical advice that you can put into place

in your own life to protect the assets that you currently have.

You don't have to be a millionaire. You just need to listen and start to think

about how you can put things in place. Now, in asset protection planning, there are a number

of different categories or rubrics that different planners use to organize their strategies. I will touch

on some of those in shows to come but today I'm going to use the categories that come

from a wonderful book for financial advisors called

...