649-Friday Q&A: Fiscal Future of the USA, Financial Coaching, International Living, Dividend Investing, Morality of Investing, Quitting my Job, etc.
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 28 June 2019
⏱️ 115 minutes
🧾️ Download transcript
Summary
1:30 What is the fiscal future of the USA in light of the Democratic candidates' debate this week?
19:12 How could I do financial coaching for the not-yet-wealthy?
35:20 What are the benefits of international living?
41:15 Should I be a dividend investor or index fund investor? And how can I simultaneously be a moral investor?
1:15:45 Should I quit my job because I can?
1:33:30 How could I invest differently than just real estate and mutual funds?
Transcript
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| 0:00.0 | It's Friday and today that means Q&A. Welcome to Radical Personal Finance The Show dedicated to providing you with knowledge, skills, insight, and encouragement you need, a little rich and meaningful life now, while building a plan for financial freedom in 10 years or less. |
| 0:31.0 | Today it's Friday, Q&A. |
| 0:33.0 | We're going to begin with a short discussion of politics as it relates to the fiscal reality |
| 0:38.5 | of the United States. |
| 0:39.5 | I thought it was interesting to watch the Democratic presidential debates, and a brief comment on that. |
| 0:44.0 | Also with a question on investing and then from there we go to the phones and see what shows up. |
| 0:48.1 | I hope that you are in line for an excellent weekend, a weekend, it'll be a holiday weekend |
| 0:57.5 | next week in the United States, I know that's a big deal for many people. |
| 1:00.5 | Hope you have wonderful plans in store for yourself. Each Friday whenever I can |
| 1:04.8 | arrange it I do a live Q and a show and sometimes that means I take live call-ins. |
| 1:09.2 | Well generally that's what a live-Q and a show. Sometimes though, I take questions that have been written in |
| 1:14.0 | and sometimes live callers and today |
| 1:15.6 | it's going to be a mix, a little bit of current events, |
| 1:17.2 | and a little bit of all of the above. |
| 1:20.0 | We begin today with a quick comment on the presidential debates that I watched this last week, |
| 1:27.0 | the Democratic candidate debates. |
| 1:29.0 | Don't worry, not going to get too deep into the politics. I'm simply going to mention a couple of things |
| 1:35.0 | as specifically as it relates to money, especially to the future of the finances of these United States. |
| 1:45.7 | As long time listeners know, I have been concerned for some time over the burgeoning government |
| 1:51.9 | debt that we see in the United States |
| 1:54.0 | running basically a little under a trillion dollar deficit and this is completely |
| 1:58.8 | unprecedented. It's not that a trillion dollar deficit is in and of itself unprecedented, but it's unprecedented to be running a trillion dollar deficit in a time of relative prosperity, where markets are generally doing well, employment is generally doing well, etc. |
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