752-Friday Q&A: What to Do after Graduation, Speculating in Stocks, Concealed Carry Insurance, Asset Protection for Real Estate
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 9 October 2020
⏱️ 80 minutes
🧾️ Download transcript
Summary
On today's Q&A call we cover:
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00:45 I graduate with a nursing degree in 6 months. What should I do next?
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20:20 Should I have speculated in the recent stock market downturn with my down payment money?
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38:30 I have 3 properties. Do I need an LLC for asset protection?
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57:30 Should I buy concealed carry insurance?
To join next week's call, go to https://patreon.com/RadicalPersonalFinance
Enjoy!
Joshua
Transcript
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| 0:00.0 | It's Friday. Welcome to Radical Personal Finances Show dedicated 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. |
| 0:11.0 | Today is Friday, October 9,, 2020 and today we have a live |
| 0:14.5 | Q&A show. Works just like Call in Talk to Radio where I invite listeners to |
| 0:18.5 | call in, ask any question that you want to talk about, discuss any theme that you would like to discuss. |
| 0:24.4 | If you'd like to join me for next week's Q&A show, you can do that by going to Patreon. |
| 0:27.5 | Come slash Radical Personal Finance. Sign up, I'm trying. |
| 0:32.2 | I'll slow down just a little bit. Sign up to support the show there on |
| 0:35.5 | Patreon at patreon.com slash radical personal finance and you'll gain access to |
| 0:40.2 | next week's call. We begin with Lou in Vancouver. Lou, welcome to the show, how can I serve you today? |
| 0:47.2 | Hi, thanks for having me. My pleasure. So I'm, I'm 25 and I'm about to graduate in six months into a nursing career. I have 50 |
| 1:00.2 | grand in the bank right now, |
| 1:02.5 | is in a roboo advisor, |
| 1:05.1 | and 30 of that is a loan |
| 1:08.7 | that I have to start paying off in one year from now, but due to just scholarships and working and stuff, I haven't had to use any of that money. |
| 1:20.0 | So I'm just wondering what your advice is on what I should do. |
| 1:23.4 | Okay. |
| 1:24.4 | So if you were to count paying off the loan with the $30,000, |
| 1:30.8 | that would leave you with about $20,000 in your savings account, is that right? |
| 1:38.4 | Yeah, and I so I could just pay it off right away but I might be able to get 20K forgiven if I work |
| 1:48.5 | rarely which is a really strong possibility that I kind of like to hold on to. |
| 1:54.0 | Okay and outside of that $30,000 loan do you have any other debt? |
| 1:58.0 | No. |
... |
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