846-Friday Q&A: 3 Corrections, Whole Life, High Interest CC Debt, Living Library, Disability Insurance, Foreign Language, 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

🗓️ 29 January 2022

⏱️ 159 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's live Q&A show we cover:

1:00 Three separate corrections from previous shows
13:04 How much whole life insurance should I buy for my emergency fund?
20:54 Should I put my savings against my high interest-rate credit card debt?
30:10 Should we start a living library?
35:00 How should I go about buying gold?
53:06 How do I move from a blue collar job to a white collar job?
1:08:18 Should I buy disability insurance for my homemaker wife?
1:21:00 How can I help my children learn a foreign language?
1:49:15 How can you get more good things done in your daily schedule?
2:06:45 How do I structure my disability insurance if I'm likely to change jobs frequently?
2:11:52 Why is living in your car such an interesting strategy?
2:27:00 Should a non-resident in the USA build a credit profile in the USA?

To join me on next week's Q&A show, go here: https://patreon.com/RadicalPersonalFinance

Joshua

Transcript

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0:00.0	Are you ready for a Monzo Business Bank account? Mike from Bluewater Plumbing was.
0:05.0	I need to get paid quickly, especially when I have five or six plumbing jobs in a day.
0:08.0	When I first used the payment link feature in my Monzo Business account,
0:11.0	I was impressed how quick and easy it was. At the end of each job,
0:14.0	I'll just create a payment link, send it to the customer, and get paid then and there.
0:17.0	I can also check all of my payments in my get paid tab.
0:20.0	If you're ready for a Monzo Business account, apply today.
0:23.0	Just search Monzo Business, season sees apply.
0:26.0	Only sole traders or limited company directors in the UK can apply.
0:29.0	It's Friday and today, that means live Q&A.
0:32.0	Welcome to Radical Personal Finance,
0:34.0	to show dedicated providing you with the knowledge, skills, insight, and encouragement you need to live a rich and meaningful life now.
0:39.0	While building a plan for financial freedom in 10 years,
0:43.0	your host today is Friday, January 28, 2022.
0:48.0	Today, it's a live Q&A or commentary, whatever you talk about it.
0:53.0	I'll go ahead and see you guys in a few days.
0:56.0	I'll see you guys in a few days.
0:58.0	Bye!
1:12.0	Each and every Friday here at Radical Personal Finance, when I can arrange the appropriate
1:25.5	technology, we do a live Q&A show.
1:28.7	It's basically open phone lines, works just like call and talk radio.
1:32.1	You can call in, talk about anything that you want, ask me any questions, make any commentary,
	...

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