709-Friday Q&A: Rentals, Down Payments, Refinancing, Career Transition, Quitting Job Right Now, Tax Loss Harvesting, EU Citizenship, 401(k) Loans, Nomad Living, Prepping and Keto Diets, Etc.

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.2 • 1.9K Ratings

🗓️ 13 March 2020

⏱️ 126 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It's Friday! Time for Q&A. In today's show we cover:

1:30 - How should I prepare for buying rental real estate in 2 years?
10:40 - Should I contribute to retirement savings while saving a down payment?
13:15 - Should I use a Roth IRA to accumulate a down payment?
18:00 - If I refinance my mortgage to get lower rates, what should I do with the money?
26:15 - How can I make the transition from a lucrative career to a side hustle?
45:45 - Should I quit my job right now, given the recent changes in the economy?
51:15 - Can I do tax loss harvesting with two index funds?
54:05 - My wife is a French citizen. Should I also pursue French citizenship?
1:01:00 - How do I know when it is time to buy a stock?
1:03:10 - Should I take a 401(k) loan to set aside for potential opportunities?
1:14:30 - How can I become freer and richer by setting up a nomad lifestyle?
1:47:20 - How can I prep and build food storage while maintaining a Ketogenic diet?

Enjoy!

Joshua

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Transcript

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0:00.0	Today on Radical Personal Finance, live Q&A.
0:02.0	Interesting time to be doing a live Q&A.
0:04.0	Let's go. Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills,
0:25.1	insight, and encouragement you need to live a rich and meaningful life now while building a
0:30.1	plan for financial freedom in 10 years or less.
0:33.4	Today is Friday, March 13, 2020,
0:36.4	and today we do live Q&A.
0:38.0	These are live calling shows, just like live talk radio.
0:40.6	You get to hear them about an hour after I record them. So today should be fun. Lots of things to talk about on today's show. Let's get started.
0:47.0	These shows are open to patrons of the show, those who support the show at
0:56.6	Patreon and Patreon.com slash radical personal finance if you would like to join
1:00.1	these shows. I do them every single Friday when I can arrange the
1:03.4	technology. So they're not every Friday but whenever I can arrange the
1:07.0	technology to get a good recording that's when I do these shows and this is
1:11.1	usually your very best way if you'd like to talk with me about a subject if you'd like to discuss something that you're thinking about on your end
1:17.8	This is one of the best ways to do it usually I get everybody in so if you if you're not currently a patron of the show I would
1:23.8	deeply appreciate your support on patreon go to patreon dot com slash
1:26.9	radical personal finance we begin with mark mark welcome to the show how can I serve
1:30.2	you today sir yes Joshua thank you I have some questions related to
1:36.1	potentially buying a rental house in two years I have some specific questions to
1:41.4	ask but first I want to just ask a generic one.
1:44.4	If you knew that you were going to be purchasing a rental house in two years, what would you be doing to prepare
	...

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