Welcome to Radical Personal Finance, a 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.

My name is Joshua Sheetz, today we're going to focus on the insight and the Radical Personal Finance side of things, the Radical side of things, while we discuss Peter Teals' $5 billion Roth IRA.

And I'm going to try to provide in today's show some insight into the recent article written about this Roth IRA, so that you will see how Teal allegedly has done this and how you can model what he has done in your own Roth IRA and in your own life.

In today's show I will be referencing an article published at propublica.org, the link is in today's show notes, the article came out on Friday and it is called Lord of the Roths, how tech mogul Peter Teal turned a retirement account for the middle class into a $5 billion tax-free piggy bank.

It's a phenomenal article and it is quite interesting as fodder for us to look at, analyze, and learn from.

Now propublica is in the process of publishing a series of tax articles, they have obtained a confidential data dump of IRS records from some of the wealthiest US American taxpayers, and they are going through an analyzing that data and publishing articles about what these people are spending their money on,

how much they're making, what's happening to the assets, etc.

And while this particular article does not seem to lean heavily on that data, it's in the same line of things.

And propublica is quite evidently advocating for changes in the system of taxation used in the United States of America.

They're quite obviously advocating for increased taxes on the people who are rich in the US.

And so that's obvious all through and through.

I'll spend a short time talking about that, but not a lot.

Because what's more interesting to me is to talk about what Teal has actually done and how you can do much the same thing.

Because when you get down to it, whenever you have access to information about how someone else has been phenomenally successful,

you can basically choose one of two approaches.

Approach number one is to be mad at them for some reason about what they've done, why they've done it,

and how unfair it is that they have done it.

Or you can say, let me learn from what they have done and see how I can apply the same principles to what I'm doing.

And especially in things like this, where you have private information that you don't generally have access to.

If you'll just follow the clues, you can learn how to repeat, at least to some degree, what Teal has done with your own finances.

I'm going to be skipping around extensively in this article, skipping massive portions.

I would encourage you read the whole article. It's quite interesting.

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