Friday Q and A: Accrual Accounting vs. Cash Method, Roth IRA as an Emergency Fund, Permaculture Resources, Coming Up With Business Ideas, and Disagreements With My Walmart Show RPF0051

Radical Personal Finance

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

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 29 August 2014

⏱️ 114 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, I answer your questions for the show! And we’ve got quite a mix of questions! How do I adjust my accounting system to handle irregular expenses? (Accrual accounting vs cash basis and double-entry accounting vs. single-entry accounting.) How can I use a Roth IRA for an emergency fund? How can I learn about permaculture? How […]

Transcript

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0:00.0	Radical Personal Finance, Episode 51.
0:03.0	Today's show, Friday Q&A,
0:05.7	we're going to cover a lot of ground.
0:09.3	We're going to dig into accounting, accrual accounting,
0:11.4	and cash method of accounting. We're going to dig into double entry
0:15.4	accounting and single entry accounting. We're going to talk about using Roth IRAs as emergency
0:20.9	funds, what to do and what not to do, how to do financial planning for
0:23.6	elderly people.
0:25.3	We're going to talk about business ideas and how to get started in business, and we're going
0:29.5	to discuss some not so happy feedback about my recent Walmart show. Do I have any accurate
0:36.4	understanding of what goes on with Walmart and am I a racist? And the Welcome to the Radical Personal Finance Podcast. I appreciate your being here.
1:00.0	Today is episode 51 for Friday August 29 2014
1:07.0	I'm looking forward to today's show.
1:08.0	We're gonna cover a lot of ground.
1:10.0	This is gonna be an intense
1:11.0	or it's gonna be not it is going to be
1:13.2	intense it's going to be a show of intense variety and I hope that you find it
1:18.2	interesting this is what I love to do is to mix everything up. It's been a great week on the show. I've really
1:30.4	enjoyed the shows that I've produced for you. I hope that you have found them beneficial and helpful. I've gotten some good feedback from them.
1:37.0	I want to lead off this morning just with mentioning I finally finally was able to get the audio feedback line set up for you.
1:47.0	So if you go on the website now you will see a setup Speak Pipe is evidently the best program to use if you ask all the techie people about that.
1:55.8	So I set of Speak Pike, so Speak Pipe, so if you go on the website either on your computer
	...

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