Radical Personal Finance 1126-Friday Q&A: How Goes the New Business, Foreign Currency Transaction Amounts, A Day in the Life of Joshua, etc.
Jan 9, 2026
The discussion kicks off with insights into the acquisition of Life of Fred and Joshua's initial thoughts on growing existing businesses. Listener questions reveal strategies for managing foreign currency after relocating to New Zealand. Joshua shares practical tips for handling finances abroad while balancing his hectic life as a parent and business owner. His daily routine showcases the complexity of managing family and work, along with the importance of community support. Exciting news about upcoming family camp and course updates wraps up the conversation!
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Pull Back Before The Engine Blows
- If you're overcommitted, act quickly to reduce load because sustained 110% throttle risks collapse.
- Joshua gives himself about three months to pull back from extreme overcommitment.
Hold 2–5 Years Of Local Currency
- Convert enough foreign currency to cover the number of years of local expenses you expect to need, typically two to five years.
- Use exchange-rate history to pick the right timeframe for your buffer.
Set A Percentage For Local Currency
- Use a percentage rule for currency exposure (e.g., 20% NZD, 80% USD) to match your long-term residence and portfolio.
- Keep a clear pathway to move funds between currencies if rates force you to act.
