01_RPF_0001_-_Welcome_to_the_Radical_Personal_Finance_Podcast
00:00:00.000 | >> Welcome to the Radical Personal Finance Podcast, Episode 1.
00:00:05.840 | I'm your host, Josh Rascheitz.
00:00:08.400 | Today's episode is simply going to be an introduction to the show.
00:00:10.600 | I'd like to share with you my vision for the show, where I see it going, the type of content
00:00:17.000 | that I plan to produce for you, and some ideas.
00:00:21.280 | I'd like to, at the end, ask you for some ideas.
00:00:24.680 | Ultimately, I'm creating a podcast simply because I haven't been able to find one that
00:00:30.160 | fits the niche that I would be interested in.
00:00:33.080 | So I warn you, first and foremost, if you choose to listen to my podcast, it's going
00:00:38.340 | to be a little bit off the wall.
00:00:39.800 | Hopefully the title is telling you everything that you need to know about radical personal
00:00:44.200 | finance.
00:00:45.960 | But radical is a word that tends to describe my own personality a little bit.
00:00:50.800 | I tend towards extremes, and we're going to get into some radical topics.
00:00:56.120 | I personally would love to find a podcast, if it already existed, that gave me a ton
00:01:03.680 | of information, a ton of inspiration, and simply didn't speak down to me.
00:01:09.920 | I see a niche that is available in the personal finance world.
00:01:14.280 | The personal finance world of financial advice and financial magazines and financial books
00:01:20.120 | and radio shows and TV shows is absolutely a huge world.
00:01:26.520 | Obviously with CNBC and Personal Finance and Money Magazine and Suzy Orman and Jim Cramer
00:01:33.600 | and Dave Ramsey and all of these people, there are a lot of great people competing in this
00:01:37.960 | space.
00:01:38.960 | When you add on to those people the personal financial advisors from the big names and
00:01:43.840 | the small names and the financial planners and the accountants and the insurance agents
00:01:48.320 | and all of the people that are working in this space, you would think that we would
00:01:52.840 | have a high personal financial literacy rate in this country, this country being the United
00:01:57.200 | States where I'm from and where I live.
00:02:00.120 | Unfortunately I don't perceive it to be so, and I would like to do my part to help fix
00:02:06.960 | that.
00:02:07.960 | Now first let me tell you kind of what my problems are with the personal finance world
00:02:15.560 | and how I hope that I can be of help and hope to fix it.
00:02:19.920 | First and foremost, most of the personal finance world in my opinion seems to be largely focused
00:02:25.480 | on consumer level personal finance.
00:02:29.480 | So that means that if somebody has a personal finance question, it has to be answered within
00:02:35.000 | five minutes on a radio show or on a TV show or sometimes two minutes or the most you'll
00:02:41.120 | get is maybe a five-page article on something in a money magazine.
00:02:47.400 | Ultimately that type of financial, I don't know whether to call it advice or information,
00:02:53.440 | tends to fall short.
00:02:56.040 | On the other hand, a lot of the really deep technical personal finance information is
00:03:01.400 | so complex and so technical that it's just simply boring in my opinion to read through
00:03:07.640 | and to look at, and yet that's kind of what you have to do.
00:03:11.200 | So if you have a finance question, if you have a tax question as an example, the first
00:03:15.280 | thing that you have to do is go to IRS.gov and start wading through all of their publications.
00:03:20.360 | By the way, the IRS does actually in my opinion have some really good publications that are
00:03:24.200 | pretty clear, but you've got to do quite a bit of wading.
00:03:28.560 | Forget it if you need to go to the actual tax code and start pulling together information
00:03:33.140 | from there.
00:03:34.240 | Thus we have the reality of massive armies of attorneys and people and judges in courts
00:03:42.440 | to interpret the law.
00:03:44.800 | I think that there's a need for an in-between source.
00:03:50.240 | I think there's a need for, I don't know what to call it, maybe introductory information,
00:03:57.200 | broad overview information, and there's also a desire for maybe a little bit deeper information.
00:04:05.440 | I'd love to learn that information, learn it with you, and share it with you in an audio
00:04:13.120 | format.
00:04:16.400 | I've got a challenge in front of me as far as learning how to communicate financial information
00:04:22.560 | that's compelling, that's accurate, and to do it in an audio format.
00:04:28.880 | Finance tends to be something I think that works best in a print format, but number one,
00:04:35.280 | there's already a lot of really great resources in the print world, and I'm not convinced
00:04:40.680 | that I can add a lot of value there.
00:04:43.880 | Number two, however, is that in the day-to-day of our lives, I think that there is a little
00:04:50.880 | bit more access to audio information.
00:04:52.840 | I, for one, in the past have spent a lot of time in the car, and I've always loved learning
00:04:59.640 | detailed audio information.
00:05:01.120 | I've spent thousands of dollars on CDs and seminars and audio books, and I love learning.
00:05:08.960 | So I think that there's a need that's not being met in that world, and I'd like to do
00:05:16.400 | my part to help build that.
00:05:18.560 | I'd like to help build financial literacy in this country.
00:05:23.040 | I think they went bankrupt a couple of years ago, but Cy Simms, who was the founder of
00:05:26.920 | Simms Clothing Store, used to shop there when I was a kid, and as a young adult they had
00:05:34.200 | good deals on, I think, pants was what I usually bought there.
00:05:37.960 | But they had as their corporate motto that an educated consumer is our best customer,
00:05:44.880 | and I think that that's nowhere more true than in the financial space, is that if you
00:05:51.160 | are financially literate and knowledgeable and feel comfortable with the words, the topics,
00:05:59.240 | the decision points, you can make a rational decision and make good, intelligent buying
00:06:06.120 | decisions.
00:06:07.120 | One of my other beefs with the finance world, so to speak, is that it seems that many content
00:06:17.800 | providers tend to talk down to, just to be personal, talk down to me.
00:06:24.160 | I can't quite handle listening to most finance people, and the reason is because a lot of
00:06:32.680 | times they get their personal opinion confused with fact and logic.
00:06:41.160 | I've got this belief that ultimately all of us are probably pretty intelligent and we're
00:06:46.160 | probably pretty rational, and if we understand the pros and cons of various courses of action,
00:06:52.520 | most of us are going to make a decision that is in our own best interest.
00:06:58.520 | And that decision is going to be very personal to us.
00:07:05.360 | There are very few rights and wrongs in the world of finance.
00:07:10.840 | Even the things that might seem black and white, seldom are.
00:07:15.200 | And personally, I feel that what is needed is simply information.
00:07:21.800 | You know, if I'm going to make a buying decision or a saving or investment decision, all I
00:07:26.560 | want is the facts.
00:07:28.200 | Give me the facts and then I'll look at my situation and I will be the one to consider
00:07:33.440 | what I'm trying to accomplish.
00:07:35.720 | So my goal with this show will be to simply present facts as I understand them, and information
00:07:42.400 | that you can then use to make rational decisions about your specific situation.
00:07:50.160 | I don't want to provide superficial or abstract financial information, but I also don't want
00:07:56.240 | to go unnecessarily deep.
00:07:58.280 | One of the things that I've thought about as far as how to talk about finance is that
00:08:02.760 | there's so many layers.
00:08:05.160 | And this is my first podcast, as you can probably tell.
00:08:11.280 | This is my first podcast and I'm not quite sure how I'm going to accomplish all of, not
00:08:19.100 | sure how I'm going to accomplish appropriately dealing with each of the layers.
00:08:23.680 | But I do have some ideas.
00:08:25.660 | My plan is to produce some very simple shows that are appropriate for, you know, a sixth
00:08:31.840 | grader or somebody just getting started with financial planning in their own lives.
00:08:38.520 | I'd also like to produce some more maybe moderate shows for people who have a good grasp on
00:08:44.600 | the basics and want to go a little bit deeper.
00:08:47.320 | And I also think it would be valuable to produce some extremely technical, very detailed shows
00:08:53.080 | that can be accessed on an archived basis for people who are looking for information
00:08:57.320 | that goes a little bit deeper or trying to understand what's right for their situation.
00:09:07.080 | Money and personal finance are both, money and personal finance is a topic that's both
00:09:13.940 | simple but profoundly complex.
00:09:19.680 | Simple in that the great truths are not going to change from day to day.
00:09:25.640 | The end of the day, here's my personal, here's my own personal finance formula.
00:09:32.800 | Make more than you spend or spend less than you earn.
00:09:38.680 | Take that difference, invest it wisely so that it grows for you and repeat that process
00:09:45.040 | on an ongoing basis.
00:09:47.880 | Protect yourself from the major risks that can happen and think carefully about your
00:09:51.920 | own personal goals and apply rational common sense to your methods of achieving those personal
00:09:59.200 | goals.
00:10:00.200 | Pretty simple.
00:10:01.200 | I could probably make it even shorter and say spend less than you earn and invest the
00:10:06.120 | difference wisely.
00:10:07.120 | That's it.
00:10:08.960 | But on the same hand, we live, each and every one of us, governed by a tax code that is
00:10:15.960 | tens of thousands of pages long with financial products that are marketed to us and bought
00:10:23.680 | by us each and every day that are profoundly complex.
00:10:28.280 | We have investment opportunities that are deeply complicated and it becomes overwhelming
00:10:38.400 | especially when those decisions are made in the context of an active, busy daily life.
00:10:46.120 | So unfortunately, the topic can be neither simple nor complex.
00:10:51.320 | It has to be a combination of those.
00:10:54.080 | So I envision over the coming episodes giving a lot of shows on philosophy, talking about
00:11:00.640 | different philosophies about money, philosophies about personal finance because ultimately
00:11:05.600 | philosophy I think drives a lot of our behavior.
00:11:08.960 | Also envision digging into personal experiences.
00:11:12.680 | I hope to do many, many interviews with interesting people.
00:11:17.480 | My interests are widely varied.
00:11:19.440 | I hope to do interviews with people who are homeless, out of work, unemployed, on the
00:11:26.040 | ropes.
00:11:27.040 | I also hope to do interviews with people who are profoundly successful both financially
00:11:32.120 | and otherwise because I believe that everybody has a story and everybody has something that
00:11:36.440 | they can teach us.
00:11:40.080 | I'd like to consult with experts.
00:11:42.320 | I am not an expert.
00:11:43.320 | Let me say that again.
00:11:44.320 | I am not an expert.
00:11:45.680 | I'll share with you the best I've learned but I'm going to make mistakes along the way.
00:11:51.000 | It's going to be up to you which I'll give you probably some kind of legal disclaimer
00:11:56.920 | that's required in this space and I'll give it to you at the end as far as my version
00:12:00.760 | of that.
00:12:01.760 | But it's your money.
00:12:05.360 | No one else is going to care about your money more than you care about your money.
00:12:09.780 | Ultimately it's your money.
00:12:11.400 | You're the one who has earned it, been given it, been trusted with the stewardship of it.
00:12:18.640 | You're the one who decides what you spend it on.
00:12:21.700 | You're the one who decides what you invest it in.
00:12:24.760 | You're the one who decides how you handle it.
00:12:27.640 | And we've got to take personal responsibility for our money in every way.
00:12:32.920 | So my goal is to simply provide ideas, ideas and information that you can then use to apply
00:12:40.960 | in your life to meet your goals.
00:12:47.760 | Over time I'd love to create an archive, a vast audio archive of quality information
00:12:58.400 | that's practical.
00:13:00.800 | I'd love to create courses.
00:13:03.720 | One of my own personal beefs is that we go through in this country years and years of
00:13:11.680 | school but yet we don't spend a lot of time with all of the – we don't spend a lot
00:13:20.240 | of time learning financial literacy.
00:13:22.840 | Going through high school and college I personally took maybe a half a year of a personal finance
00:13:29.600 | class and that was in high school.
00:13:33.240 | I studied finance at the college level but I found that for the most part those topics
00:13:40.920 | tend to be theoretical rather than practical.
00:13:45.360 | So ultimately I'd like to create strings of shows that would be appropriate for elementary
00:13:54.520 | school students, high school students, college students, young adults, advanced even.
00:14:03.440 | So why me?
00:14:06.840 | I don't feel qualified to do this podcast.
00:14:12.800 | I wish somebody were doing it but because I haven't been able to find somebody else
00:14:17.040 | doing it I've just decided to do it myself.
00:14:20.460 | So if you could put up with my bumbling and my stutters and my stammers we'll learn
00:14:26.400 | together and we'll work towards creating that quality content and I'm sure I'll
00:14:34.480 | get better with time.
00:14:36.600 | I personally live by the motto that anything worth doing is worth doing poorly at first
00:14:44.480 | meaning that most people aren't truly excellent at something until they've done it for quite
00:14:52.080 | a while.
00:14:53.080 | In the past few years Malcolm Gladwell, the business author, has popularized the 10,000
00:14:59.320 | hour principle.
00:15:01.600 | Others have written about it previously and since but he's the one who's brought it
00:15:05.080 | to the forefront of our society recently at least in my understanding.
00:15:10.360 | And the 10,000 hour principle basically says that it takes about 10,000 hours of focused
00:15:15.920 | dedication to truly be a master at something.
00:15:18.640 | I'm not a master at these subjects.
00:15:21.040 | I do have some education but I'm not a master of these subjects.
00:15:24.120 | But who knows perhaps on episode 10,000 of the Radical Personal Finance Podcast by then
00:15:31.080 | maybe we'll start getting good at this and start being able to provide information that
00:15:35.440 | would be helpful and be able to do it in a compelling manner.
00:15:41.720 | We're going to dive deep and we're going to be radical.
00:15:45.320 | Tim Ferriss who's a popular author of the 4-hour work week, the 4-hour body and his
00:15:51.840 | most recent book the 4-hour chef.
00:15:55.000 | I think I first heard it from him and some of his concepts.
00:15:59.200 | He's a fan of studying the outliers.
00:16:01.840 | His claim to fame as far as some of his tricks that he uses in his writings or at least his
00:16:08.440 | contention is perhaps a better way of saying it is that you can learn more by studying
00:16:13.080 | the outliers than by the people in the middle.
00:16:15.880 | So if you have somebody for a simple example who's extremely short and they are highly
00:16:23.280 | compensated and a very successful NBA player, what makes them so good?
00:16:30.080 | It might on the surface seem obvious as to why somebody who is 7 feet tall and very large
00:16:36.560 | is successful in the NBA but what did the shorter person do that was more effective?
00:16:41.560 | Or what is the – on the other hand I guess, what is the very large horse jockey do that
00:16:47.240 | makes – that's very successful do that makes him successful?
00:16:51.640 | By studying the outliers, I think you learn a lot.
00:16:56.240 | So I see going through the course of this personal – Radical Personal Finance podcast,
00:17:03.200 | I'd like to study the outliers.
00:17:05.280 | What can we learn from somebody who's homeless and lives in their car for 6 months or a year
00:17:09.720 | about their financial strategies?
00:17:12.040 | What can we learn from people who have so much wealth that they could not possibly even
00:17:18.820 | if they tried spend it all in their lifetime?
00:17:22.200 | What can we learn from people who pay no income taxes and what can we learn from people who
00:17:27.800 | pay massive amounts of income taxes?
00:17:31.080 | What can we learn from all of the outliers and then the average "ordinary people"?
00:17:39.000 | Again, I'll endeavor to – I'll do my best to simply be a good host and to be on
00:17:46.400 | this tour of curiosity with you.
00:17:50.000 | I'll do my best to share with you information and ideas that I think are compelling and
00:17:56.520 | interesting.
00:17:57.520 | I'll do my best to be a good teacher of the things that I – that I'm qualified
00:18:03.480 | to teach and to do – be a good student of the things that I need to learn so that I
00:18:08.800 | can share them with you as a fellow student.
00:18:12.200 | I won't talk down to you.
00:18:14.800 | I won't ever insult your intelligence.
00:18:18.120 | I'll point out things as I see them to be but I'm never going to talk down to you.
00:18:25.400 | In a sense, that's the summary of my podcast.
00:18:30.640 | That's where I hope to go.
00:18:31.640 | Now again, I haven't done this before so it's going to be a learning process together.
00:18:36.500 | Very likely you're going to want to skip the first, I don't know, 500 or 1,000 episodes
00:18:42.800 | but I'm going to do it and I'm going to consistently work at it with you and I'm
00:18:45.640 | going to try to provide information that's going to make sense and be helpful to you.
00:18:52.640 | What I'd love to do is I'd love to hear from you what kind of information would be
00:18:57.400 | most helpful to you.
00:18:59.160 | Here are some of my ideas.
00:19:00.160 | Number one, I love saving money.
00:19:02.360 | One of my biases is – I'll state it right up front for you – I'm a very frugal person
00:19:07.480 | in many things and I love saving money.
00:19:10.980 | Part of my personal identity is frugality and I enjoy that and I enjoy talking about
00:19:17.440 | things that are going to save money.
00:19:19.960 | Now this type of information is very temporary.
00:19:23.320 | It's applicable only on a timely basis.
00:19:26.200 | It would be unusual if you were going to go back to 1982 and listen to an interview with
00:19:31.720 | somebody about how to save money on a personal computer.
00:19:33.960 | It would be unusual if any of that information were relevant today.
00:19:38.240 | To save money on a personal computer you've got to do your new research practically every
00:19:43.840 | week.
00:19:45.880 | Even things that are more common have just changed dramatically.
00:19:51.380 | So I love topics like that.
00:19:53.120 | I love to do shows on things like that, interview experts.
00:19:56.140 | That type of information is going to be temporary.
00:19:59.040 | We'd like to talk about topics such as tax planning.
00:20:03.680 | There's a lot of really good basic information that consumers and citizens need to know about
00:20:11.240 | tax planning.
00:20:13.920 | Tax planning will be one of those things where there may be some ongoing threads that are
00:20:18.720 | going to be consistently true but there are a lot of things that are going to change year
00:20:22.720 | by year.
00:20:23.720 | So that would be a combination of overarching truths that don't change but then each year
00:20:29.000 | the Internal Revenue Code is going to change.
00:20:31.840 | It's going to change depending on where you're at but yet there are going to be some great
00:20:35.800 | truths of investing that you might find are constant and never change.
00:20:45.580 | One of my favorite investors is Sir John Templeton who founded the Templeton Funds.
00:20:51.880 | One of the greatest investors in my opinion of all time.
00:20:55.200 | One of his quotes that I enjoy was "Some of the most dangerous words in investing" this
00:20:59.640 | is loosely paraphrased.
00:21:01.520 | Some of the most, I think the four most dangerous words in investing are simply "It's different
00:21:06.800 | this time."
00:21:10.520 | The more things change the more they tend to stay the same I guess would be the other
00:21:14.280 | cliche that would be applied to it.
00:21:18.880 | There are some radically cool lifestyle changes that are available to people.
00:21:24.000 | Whether it's popular topics such as geo-arbitrage which is developing a flex of the idea of
00:21:29.600 | developing a flexible lifestyle that allows you to go and be where you want to and especially
00:21:34.760 | go and be in places where your money is going to be stretched a little bit further than
00:21:38.360 | it is where you are from today.
00:21:41.200 | The world is so open with so many opportunities.
00:21:44.760 | Times are changing so fast but that means there's a world of opportunities and there's
00:21:50.240 | tremendous options for really cool lifestyles that are available that have never been available.
00:21:57.920 | The internet in my opinion has opened up contact with people that previously never would have
00:22:04.120 | been available.
00:22:05.120 | So today we can speak and you and I probably will do this together in the form of interviews.
00:22:11.560 | We can speak with people from around the world that we never could have had contact with
00:22:15.920 | 30 years ago.
00:22:17.560 | We can find out what works for them and what doesn't work for them.
00:22:22.080 | So the show is going to be varied.
00:22:23.420 | My hope is to do this as a daily show.
00:22:25.760 | I'm not certain that I'll be able to maintain that schedule but that would be my goal.
00:22:30.320 | My hope is that this would be a resource for you that would allow you to make better decisions
00:22:42.120 | for yourself and that it would be a constant resource that would put information and inspiration
00:22:48.920 | that would be useful to you.
00:22:54.040 | I'll finish with two things.
00:22:56.360 | Number one is probably my qualifications.
00:22:59.400 | Oftentimes I'm interested in hearing people's qualifications.
00:23:03.680 | Why do they feel qualified to speak to me?
00:23:11.200 | In a sense there are two answers to this.
00:23:13.320 | There's the resume answer which I'll come to in a moment but I'll probably short circuit
00:23:17.880 | and then there's the reality answer.
00:23:20.200 | The reality answer is you're the one who's going to choose whether my qualifications
00:23:24.680 | are sufficient based upon the good job that I do.
00:23:29.560 | If I'm boring and uninteresting and I guess academic and you don't listen, well no matter
00:23:37.240 | how smart I may be or no matter how widely read I may be then it doesn't do you any good.
00:23:44.280 | On the other hand I may be the most entertaining person but if I don't have any grounding in
00:23:47.840 | the facts, well I guess it's entertainment which has some value but it's not going to
00:23:53.680 | help you when you undergo an audit or when you find yourself contrary to some law or
00:24:00.760 | rule that you weren't aware of.
00:24:03.760 | So it's up to you to judge my qualifications.
00:24:06.960 | My first qualification I'd like you to judge me by would be the fact that I'm a student.
00:24:11.720 | I'm a learner, hopefully just like you.
00:24:14.520 | This podcast I'm going to enjoy doing it even if nobody ever listens to it.
00:24:21.200 | I don't have huge aspirations for this podcast as being a career for me or something that's
00:24:27.600 | going to make me millions of dollars although obviously I'm open to that.
00:24:31.800 | I'm going to do this podcast for my own enjoyment, my own learning.
00:24:40.240 | I'm also going to do it in hopes of helping you.
00:24:45.600 | At the end of one's life I think one is going to look back on their impact on the world
00:24:50.320 | and I feel that one thing that I enjoy doing more than many people do is I enjoy learning
00:24:54.440 | and I enjoy learning, combining and then diffusing information to others.
00:25:02.480 | My personal friends in daily life probably get a little bit annoyed at me for doing that
00:25:06.360 | constantly with them but I do it anyway.
00:25:08.960 | I try not to be annoying with it but I do it anyway.
00:25:11.200 | Perhaps this podcast would be helpful to some of them.
00:25:16.040 | So I'm hoping to be a student along with you.
00:25:18.480 | I'll share with you what I've learned.
00:25:22.880 | I'll correct the record, set the record straight when I'm wrong.
00:25:26.840 | I guarantee I'll be wrong and I'll do my best to quickly in certain things and I'll do my
00:25:30.520 | best to quickly admit those wrongs and straighten them out.
00:25:34.160 | This is going to be a learning process.
00:25:36.920 | As far as my other qualifications, at some point in time I may go into them.
00:25:43.380 | Very simply though, I've been interested in the topics of personal finance for a very
00:25:48.280 | long time.
00:25:50.380 | I've read probably hundreds of books on the subjects and the principles of personal finance.
00:25:56.960 | Some of them I've gained a lot from, some of them I've just simply learned what not
00:25:59.560 | to do from.
00:26:01.400 | I've got a background and a history in the financial services industry.
00:26:06.480 | I have some formal qualifications, some formal education achievements and things like that
00:26:15.680 | that are useful that would pretend to say that I know what I'm talking about.
00:26:23.120 | I'm not going to emphasize those things.
00:26:25.400 | Maybe at some point in the future that will change.
00:26:28.280 | I could sit here and bloviate about how great I am but at the end of the day you're the
00:26:31.640 | one who judges.
00:26:33.560 | So I'll do my best to provide good information.
00:26:35.280 | I'll do my best to cite each and every source that I use.
00:26:38.520 | I'll do my best to share with you where I've learned things if I'm able to so that you
00:26:42.680 | can check me out and you can do your own work.
00:26:47.000 | What I'd love to hear from you is what would you like to learn about in finance?
00:26:53.240 | What questions do you have?
00:26:55.360 | Are they straightforward, simple questions, surface questions?
00:27:00.360 | Or are they maybe deep calculation questions, things like that?
00:27:05.280 | I'd love to learn what you'd like to learn about.
00:27:08.040 | I've got a lot of interests and obviously those will be reflected in my episodes of
00:27:11.920 | this podcast here.
00:27:13.440 | But ultimately more important than my interests are you, the audience.
00:27:16.960 | And I'd like to be your fellow learner on the path towards the truth and the information
00:27:28.240 | that we need in life.
00:27:31.600 | That's it for episode one.
00:27:34.960 | I think that provides a good enough introduction.
00:27:36.920 | Who knows, perhaps in the future I'll re-record an introductory episode as things kind of
00:27:42.960 | come more clear as far as exactly what this podcast is going to look and sound and work
00:27:47.440 | like.
00:27:48.440 | But for now this should at least give you an idea as to what I hope to achieve with
00:27:50.840 | my show.
00:27:51.840 | I'm going to insert here a legal disclaimer.
00:27:56.240 | The topics of finance are heavily regulated and it's very challenging for people to give
00:28:05.680 | good information in a straightforward way but yet not run afoul of the laws and things
00:28:18.760 | in case they make a mistake.
00:28:21.080 | Here's what I'm not ever going to do in a forum like this.
00:28:24.160 | I'm never going to give financial advice.
00:28:26.640 | I'm never going to give personal financial advice.
00:28:29.240 | I'll give ideas, strategies, try to share the laws as I understand them.
00:28:34.360 | But I'm a layperson.
00:28:35.880 | I'm not an expert.
00:28:38.560 | So don't take anything that I say as being something that you should run out and act
00:28:43.880 | immediately upon.
00:28:44.880 | I'll try to give you information but at the end of the day it's your money and some random
00:28:49.280 | guy on the internet shouldn't be the source of what you do with your money.
00:28:53.920 | You should take the information that I share with you and you should study it, learn it,
00:29:00.200 | pick it apart.
00:29:01.200 | Number one, show me where I'm wrong.
00:29:03.360 | Number two, learn it for yourself so that you can take it in.
00:29:07.920 | You should consult with your own qualified experts, people that have a duty to you.
00:29:12.640 | Unlike some random guy on the internet recording a podcast, you should probably generally consult
00:29:19.000 | with professionals, people who know what they're doing and then have a legal and moral and
00:29:24.480 | ethical duty to you to give you solid information.
00:29:27.520 | I'll do my best to give you good information but at the end of the day I'm a random guy
00:29:31.280 | on the internet.
00:29:33.360 | I probably should at some point put forth some more definite legal disclaimer.
00:29:39.920 | I hear it on the other shows and information.
00:29:43.000 | So for now consider this entertainment and at the end of the day it's your money.
00:29:47.760 | You should care about it more than anybody else does.
00:29:53.320 | So take good care of it.
00:29:55.520 | If you take care of it, money has a way of providing for you and being there when you
00:30:01.680 | need it.
00:30:02.680 | With that, this is Joshua Sheets.
00:30:04.240 | Thanks for listening.
00:30:05.240 | Again, I'd love to hear from you.
00:30:06.440 | Here's my email address.
00:30:07.440 | Shoot me an email.
00:30:09.320 | My email address is joshua@radicalpersonalfinance.com.
00:30:15.400 | Again joshua@radicalpersonalfinance.com.
00:30:18.680 | Shoot me an email.
00:30:19.960 | Let me know how I can make the show be of service and of value to you.
00:30:24.440 | Bye bye.