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Radical Personal Finance

750-Friday Q&A: Lifestyle Biz for Efficient Taxation, Sales Jobs, Asset Protection, Buying a More Expensive House, Etc.

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 2 October 2020

⏱️ 108 minutes

🧾️ Download transcript

Summary

On today's Friday Q&A call we discuss:

  • 00:45 I'm inspired by Trump's taxes. How can I start a lifestyle business for myself?

  • 32:10 What kind of sales job should I get?

  • 49:00 How can I protect my assets in Montana?

  • 1:00:42 Should I buy a more expensive house?

  • 1:22:42 Reasons to refinance your mortgage now

  • 1:26:20 I still don't understand Trump's tax returns. Help!

Enjoy!

Joshua

Join my Patreon to gain access to next week's call: https://www.patreon.com/RadicalPersonalFinance 

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, 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.

0:10.0

My name is Joshua, today is Friday and that means live Q&A.

0:12.9

Works just like Talk Radio, where if you have a question,

0:15.4

you want to make a comment, you want to discuss something with me,

0:17.4

you are free to do that.

0:18.7

And as you know from past shows, these topics

0:21.1

tend to be very wide-ranging ranging everything from technical financial planning to broad-based philosophy

0:26.3

ideology. We talk about all kinds of things. No subject is borrowed from a Friday show.

0:30.4

If you would like to join me for a Friday show, I would love to have you next week.

0:34.0

You can do that by going to Patreon.com slash radical personal finance.

0:36.0

Just search for radical personal finance on Patreon and sign up to support the show there

0:40.0

and you will gain access to the call-in information so that you can join me on a Friday

0:43.8

Q&A show.

0:45.4

With that we begin with Jose and Colorado.

0:47.6

Jose, welcome to the show.

0:48.6

How can I serve you today, sir?

0:49.6

Good morning or good afternoon over there, Josh, I I appreciate taking my call.

0:55.0

Just finished listening to your show on Donald Trump's taxes and I never thought I would say this but I think I'm

1:07.0

actually inspired by Donald Trump. So but it's something that I've actually been thinking a lot about lately anyway, which is decreasing my taxable income.

1:20.0

And so I've got a couple of questions that are tied with that.

1:27.0

So first of all, this year we sold the property,

1:30.0

I'm in the business of real estate investment and I sold the property with the intent of doing a 1031 exchange.

...

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