884: Friday Q&A: Deductible Car Expenses, Vacation Homes, Cash on Hand, Gold Coins Fraud, 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

🗓️ 26 August 2022

⏱️ 109 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today's Friday Q&A we cover:

1:30 Should I register my car in a business name so I can take my tax deductions?
14:38 Should I buy and build a vacation home?
19:11 How much cash should I have on hand before I resign my job?
27:57 How do I reduce my taxable income in order to qualify for an EV credit?
45:00 How much can I afford for a second house?
1:31 How do I protect myself against fraud in the gold coin marketplace?
1:38 Should I buy out my leased vehicle in order to sell it?

Transcript

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0:00.0	Today Radical Personal Finance, live Q&A.
0:18.8	Welcome to Radical Personal Finance, a show dedicated to providing you with the knowledge
0:21.4	skills, insight and encouragement you need to live a rich and meaningful life now, while
0:25.8	building a plan for financial freedom in 10 years or less.
0:28.6	My name is Joshua Sheets.
0:29.6	I am your host today as Friday, August 26, 2022, and today we do live Q&A, Open Line
0:37.1	Friday.
0:38.1	Call in, talk about anything you like.
0:44.8	Here at Radical Personal Finance, each and every Friday that I can arrange the appropriate
0:53.7	recording technologies.
0:54.7	When you be in front of a computer, have an active internet signal, etc.
0:58.0	You do a live Q&A show, works like call and talk radio, you call in, talk about anything
1:01.8	you want, ask me any questions, you want opine on anything you want.
1:05.0	Use it to pitch your stuff sometimes, anything that you like.
1:07.7	If you'd like to join us in one of these Q&A shows, go to patreon.com, Radical, Social
1:11.2	Radical Personal Finance, find the show on Patreon and sign up for support to show there.
1:15.5	That's the method that I use to screen the number of calls, so they are a manageable number.
1:19.6	Today we have one, two, three, four, five, six, seven, eight people lined up, so we'll get
1:24.4	through these as quickly as possible, but still try to do a good job.
1:29.2	We begin with Lucas in New Jersey.
1:31.2	Lucas, welcome to the show.
1:32.2	I'm going to serve you today.
	...

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