Episode-2453- Joshua Sheets on Surviving and Thriving in an Economic Collapse — 12 Comments

  1. How do I register to Joshua Sheets’s website. I tried to log in thinking it would take me to a sign up page but it didn’t. Not even going to login, and I don’t see a registration link. Does he want members?

  2. WOW! There is an awful lot of information in this episode, will have to listen multiple times to get even half of it to sink in…

    Jack, can you expand (in a future episode) on the tax advantages of buying a rental property using debt, keeping that debt on the property versus paying it off in full? Are these advantages only available for a residential property, or do they carry over to a vacation rental/ air bnb type?

    I know you’re going on vacation soon, this doesn’t have to be done right away.

    Thanks for all you do, and challenging us to view life and what we want out of it differently.

  3. Evelyn,

    What do you mean by register? He does not have an MSB like Jack does.


  4. Excited you had Joshua on the show. To be fair I haven’t listened to the episode yet but I’m excited to hear if you two talked Roth vs Traditional IRA. You are both experts I listen to and learn from and I know you two have different viewpoints on it.  Hope it’s covered and debated!

    I’m both an MSB member and I’ve bought all 3 of Joshua’s financial programs.

  5. I want to point out a t least a couple of caveats to some things that Joshua mentioned in his interview when he spoke about Identification.

    While he is likely correct about only being compelled to PRODUCE a drivers license while driving in most places, there are still definitely instances when people are indeed required to identify themselves whether they are driving or not, such as when they are arrested, detained or a witness to something such as a crime.

    Also, the mention of having more than one VALID drivers license not being illegal is not true in Texas and if I had to guess, I suspect that is the case in many jurisdictions. Now a decent way to accomplish the same thing would be to also have a state issued ID card, which would have a different issue date and number, but still achieve the objective of having a second form of photo identification.

    I suspect there could be some jurisdictions that may require people to identify themselves with photo ID or something similar, but I can only speak for what Texas requires currently.

    • Justin,

      You may be right regarding some state laws governing holding multiple active driver’s licenses. I have not tried to research every state’s laws. But, even so, I think the risk is merely academic and not worth worrying about. I just don’t see how it could be proven that one has multiple driver’s licenses with identical information unless one is physically transporting both ID cards simultaneously and is physically searched.

      Seems like a very low risk and not worth worrying about.

      Most people naturally accumulate a stack of driver’s licenses simply by updating their home address with the government when they move.

      That’s probably good enough for most people.

      Certainly, one shouldn’t present an old driver’s license to a police officer if pulled over while driving. But, preppers should at least keep those old licenses stashed away in diverse storage locations. It’s the kind of ID that could be used to prove identity for getting a hotel room, renting an apartment, applying for credit (like a replacement cell phone and plan in an emergency bugout), etc.

      Being able to prove your ID is crucial in the modern world, especially in a disaster scenario. It’s too important to leave to chance with one measly ID card in your easily-stolen-or-lost wallet.

      I did research the “Your Papers Please!” question extensively a few years ago. The results I found:

      No person can be compelled to produce a driver’s license by any government agent unless they are physically stopped while in the act of driving. In that circumstance, you must produce a driver’s license or be cited.

      No person can be compelled by a police officer to produce a government identification document if stopped by the police; there are a handful of states however that do have a requirement that you identify yourself to a police officer. This is usually only the case if a police officer has reasonable articulable suspicion that you are involved in a crime or that there is some other factor involved. For example, the US Supreme upheld as constitutional a Nevada statute requiring a person who is subject to a Terry frisk to identify themselves. But, the identification can be a simple verbal statement of one’s name and other identifying information. You are not required to carry a government ID card unless driving.

      (It’s important never to use an alias with a police officer or any government agent; you could be prosecuted for lying to a police officer. It’s perfectly legal to use alias names in any contact with non-goverment people.)

      In general, you can legally refuse to produce government identification to any non-government person and to almost any government agent as well; the few exceptions would include things like proving citizenship while crossing a border, etc.

      In principle, I think people should refuse to identify themselves to government agents, especially police officers, in order to actively exercise our 4th and 5th Amendment Rights.

      In practice, this can be extremely inconvenient and makes many low-key encounters awkward and confrontational. You will have to decide if it’s worth it.

      Obviously, your life will quickly become administratively difficult if you refuse to produce government identification. You won’t be able to open a bank account (thanks Patriot Act), rent many hotel rooms, or enter many government buildings. You may not be able to get a job, be approved for a loan, enter a bar, ride a train or fly on a plane.

      The best form of identification to use in all these circumstances is a passport or US passport card. These documents don’t have all of the personal information (such as your home address, hair color, etc.) but they are RealID compliant. They allow you to prove your identity without disclosing invasive personal information.

      Of course, you have to ask yourself, is there any point to it? I think that Jack’s listeners who are liberty-oriented should care about this stuff, but the reality of the situation is that things are already pretty disastrous: your State government requires you–under the threat of force–to sign up for their government ID scheme; then they sell all of the information (both facts and images) you give them to data marketing forms in order to pad the budget with a few million bucks.

      If that’s not worthy of a liberty and privacy rant, I don’t know what is.



  6. Daniel,
    Thank you. I was premature in asking about registration. After listening to several of his podcasts realized he uses Patreon and I am assuming that is his membership as well. I haven’t looked further yet, but plan too.
    I’m not fond of Patreon because it’s pay by piece, and if he gets energetic on content that I’m not interested in, it’s difficult to justify the expense. Granted, that will depend on his required contribution amount.
    I am very interested in his credit card course, because I canceled all my credit cards years ago after cleaning up a terrific mess. I would like to be able to use credit cards in a more responsible way and make them work in my favor. I am hoping his course will help me understand the proper way to use them. So I can have that security without abusing it’s convenience.


  7. During a bout of insomnia at 2 a.m.  this morning, I actually stopped the audio and replayed several times at the point when the discussion turned to having too much money tied up in housing and 401Ks (and I assume also IRAs) and no liquid cash.  I’ve always been light on housing (big and fancy isn’t my thing), BUT a few years back we were extremely heavy in 401K/IRA investments with only 10% total investments being in liquid cash.

    I thought then…..fabulous.  All that money growing tax free until you retire.  And then you still only have access to the stuff as income.  Any lump sum taken out would likely push your taxable income to the next  bracket.  So when the hell do you actually get to enjoy the money you worked to save?  Never.  You’ll just have enough to live one.  And then you die and give it to someone else.

    I”ve been able to dramatically change things around over the the past couple of years….and as a result, was able to have enough cash hanging around to purchase a modest “recreational property” with cash the split send it became available a couple of month’s ago.

    Thanks for confirming my suspicions.

    (oh and the property meets most of the prior podcast’s criteria except for the drive time …4 hours.  But I’m heading into retirement…I’ll have more time lol)


  8. This and the Jacob Lund Fisker episode, are the best advanced financial shows hands down!

    • Denise,

      If you like Fisker, you may enjoy the interview I recorded with him several years ago. It was really excellent and widely enjoyed by my audience.

      You can find it in the podcast feed as Episode 25; Jack’s comment spam filter is prohibiting me from posting a direct link. Just look in your podcast player of choice. It’s called: “Interview with Jacob Lund Fisker, Author of “Early Retirement Extreme: A Philosophical and Practical Guide to Financial Independence” RPF0025”


  9. Jack,

    Thanks so much for having me on! I really appreciate it and I hope the listeners of the show gained a lot of ideas and insight!

    I was traveling when you posted the show, so wasn’t here in the comments immediately, but I’m happy to answer any questions that any listeners have!