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Radical Personal Finance

792-Friday Q&A: DIY, Business in Mexico, CPA Business, Buying Houses, Liberland, AirBnB Living

Radical Personal Finance

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

Self-improvement, Business, Education, Investing

4.21.9K Ratings

🗓️ 4 June 2021

⏱️ 108 minutes

🧾️ Download transcript

Summary

On today's Friday Q&A we discuss:

  • 1:30 Should I spend money on home projects when I'm capable of DIY?
  • 17:20 What's involved with my opening a business in Mexico?
  • 26:30 Is there any danger to my real estate strategy of doing owner-financing to Mexican immigrants?
  • 35:30 How can a young CPA grow his business and career intelligently?
  • 43:30 Should I buy a house?
  • 1:01:00 What is the likely future of Liberland?
  • 1:24:15 Is it crazy for us to AirBnB for 6 months while we find a new place to live?

If you'd like to be on next weeks Q&A show, sign up here: https://patreon.com/RadicalPersonalFinance 

Enjoy!

Joshua

Transcript

Click on a timestamp to play from that location

0:00.0

Today, Radical Personal Finance is live Q&A.

0:19.0

Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge, skills, insight and encouragement you need of the rich and meaningful life now,

0:26.0

while building a plan for financial freedom in 10 years or less.

0:29.0

My name is Joshua Sheetz. I am your host, today is Friday, and every Friday that I can possibly arrange an internet connection and the appropriate technology I record a live Q&A call,

0:39.0

or it's just like Collin Talk Radio. You call in, ask your questions, and I do my best to give you a useful answer.

0:51.0

I don't screen these calls for content. I don't screen them for questions. You can call, make any comments, have any questions that you want,

0:57.0

and I love doing them. The more diverse the questions are, the more I enjoy doing them. If you would like to join me on next week's call,

1:03.0

please sign up to become a patron of the show. Go to patreon.com, such Radical Personal Finance, just search patreon.com for Radical Personal Finance.

1:09.0

Sign up to support the show there on Patreon, and that will give you access to one of these live Friday Q&A calls.

1:17.0

We begin with, let's see, oops, hold on just a moment, there we go.

1:24.0

All right, we begin with John and Pennsylvania. John, welcome to the show. How can I serve you today, sir?

1:30.0

Hey, Joshua, thanks for taking my call. I have a question just about your thoughts on having money to remove pain points versus being frugal and having a lot of time for DIY projects.

1:48.0

I have more time than ever now, but I find myself, I have more time to, you know, work on my own things, but I'm finding it more and more difficult, even with more time to justify doing some of these things, you know, replacement of a door, what I can actually install it for a 300 bucks or even have a big project to pay the house coming up.

2:12.0

I'm even considering outsourcing that a little bit, even though some of these things, you know, they give me enjoyment to do them and satisfaction to get them done.

2:23.0

But I feel like I'm even more guarded about my time now since a lot of it can be dedicated to spending with my kids and just kind of struggling with that.

2:31.0

I'm probably not just being pretty frugal normally and not wanting to necessarily be serious.

2:37.0

But curious about your thoughts on that and how you've kind of balanced it out.

2:41.0

I've thought a lot about this. I was raised by a relatively frugal father who engaged with his children in a lot of around the house projects.

2:52.0

And I noticed how what a big difference that made in my life to have that experience.

2:58.0

I've done lots of construction work. I've been skilled in a lot of those areas more than the majority of my peers.

3:05.0

I've been involved in house projects from building you know, from foundation to roofing.

3:10.0

And that's given me a tremendous amount of personal confidence to have those experiences and to have those skills by no means am I a skilled craftsman.

...

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