Afford Anything | Make smart choices about your money, time and productivity
Paula Pant – Entrepreneur, investor, and world traveler (40+ countries). Self-proclaimed nerd
You can afford anything, but not everything. We make daily decisions about how to spend money, time, energy, focus and attention – and ultimately, our life. Every decision is a trade-off against another choice.
But how deeply do we contemplate the...Show More
#210: We live in a fascinating era: huge sections of society are more prosperous, advanced and safe than at any other point in human history, yet depression and anxiety are at record highs. It’s a paradox of progress: the richer the nation, the more ...Show More
#209: Anonymous wants to retire early and often. They’re going overseas, where they’ll make their annual salary within six months. Where should they put their extra income? Anonymous also wants to know: how can they find a financial advisor they can ...Show More
#208: Well, this could get awkward. Your parents and grandparents are aging. (Duh.) You want to have a few important financial conversations with them. It’s time to get the answers to questions like: “So … are you ready for retirement?” “You’ve been ...Show More
#207: Matt and his fiance earn $7,500 per month combined. They save more than half of their income. He’d like to take a different job that will decrease his income by $2,000 per month, but improve his quality of life. Should he? Suja wants to take ou...Show More
#206: We live in a society that values career specialization. You’re not a “doctor” -- you’re a pediatrician, an anesthesiologist, an oncologist. You’re not a “lawyer” -- you practice family law, or bankruptcy, or criminal law. You’re not an “enginee...Show More
#205: Is it ever a good idea to use your 401(k) as an emergency fund? What's the best way to break up with your financial advisor so that you can move all of your funds to Vanguard? Should you put all of your Roth IRA money into index funds, or is th...Show More
#204: You make decisions on a daily basis about your career, family, friendships, health and investments; these choices shape your life. But how much have you thought about how to think? There are common threads and collective wisdom across disciplin...Show More
#203: Many people in their 50’s or 60’s warn us about catastrophic or ‘black swan’ events. But what’s the likelihood that this will actually happen? How can you use the 4 percent withdrawal rule for early retirement planning, given that your portfoli...Show More
#202: In 2006, Matt Kepnes worked at a hospital in Boston, and he felt miserable. He dreaded fighting traffic, spending his days under his offices’ fluorescent lighting, drinking stale coffee. He decided to take one year off -- a “gap year” -- thinki...Show More
#201: Ross and his wife are both in the Navy. They bought a home while they were stationed in Hawaii. Then the Navy sent them to Virginia, where they currently live; they’ve purchased a home there, too. They kept the Hawaii home as a rental property,...Show More
#200: Nine years ago, I had no idea that personal finance blogs existed. Then, as I was flipping through an issue of Kiplinger magazine, I came across an article about a woman who paid off $70,000 in debt in 16 months. Her name was Jaime, she lived i...Show More
#199: Ashley is paying affordable rent for a home she enjoys, but she feels certain that the real estate market in her local market will stay strong. She’s thinking about buying a home with 3 to 5 percent down, but she doesn’t have much in savings. S...Show More
#198: Money flows. When you receive money, you’re in the path of this flow. Money flows from someone else to you, and eventually, it’ll flow from you to someone else, either in the form of a purchase or an investment. A healthy relationship with mone...Show More
#197: Should Bret invest in a Traditional IRA or a Roth IRA? If Amanda gets married, how will her child support be affected? What about her student loan forgiveness? Joe is investing in bonds, which average a rate of return that’s equal to the intere...Show More
#196: When Wendy Mays was in her early 20’s, she earned $12 an hour working as the office manager of a pest control company. She wanted higher income, so she enrolled in college at age 22. By the time she finished her undergraduate degree, she was 26...Show More
#195: Alex makes $168,000 per year, combined between her full-time job and her side hustle. Her company pays for breakfast, lunch and dinner during the work week, plus a cell phone subsidy, health, dental and vision insurance, a gym membership, and c...Show More
#194: Fear shows up in our lives in countless ways. Sometimes, fear takes the form of procrastination. We're afraid of botching something, or we don't like the feeling of anxiety that a project gives us, so we avoid it, dodge it, and indefinitely put...Show More
#193: Lori is behind on retirement savings, as a result of being a full-time student for more than a decade. She makes good money and lives frugally, but she’s aware that she’s behind for her age. What should she do? Sierra wonders whether she should...Show More
#192: “Don’t buy lattes.” This classic snippet of personal finance advice isn’t specifically anti-Starbucks. “Lattes” are a metaphor for the tiny expenses that leak money from our pockets, often without us realizing how much we’re spending. Your “lat...Show More
#191: Should Russell rent a cheap apartment, or should he take out a loan for an RV in order to save money on rent? Carl is working two jobs that each pay $12 per hour. He has $5,000 in student loans. What can he do to improve his situation? Caroline...Show More
#190: More than 20 years ago, affluence researchers Dr. Thomas Stanley and Dr. William Danko surveyed a vast number of millionaire households in the United States. What they discovered was groundbreaking at the time. The average U.S. millionaire, the...Show More
#189: Julie, age 27, calculated her expected net worth based on the formula taught in the classic personal finance book The Millionaire Next Door. She’s concerned. Her current net worth is significantly lower than the number that the formula revealed...Show More
#188: In May 1915, a renowned 58-year-old sea captain, Captain William Thomas Turner, made a series of questionable decisions. He was the captain of the Lusitania, a ship with 1,959 passengers, sailing from Manhattan to London. The first World War wa...Show More
#187: Sarah needs $36,000 per year in rental income to reach FIRE (Financial Independence, Retire Early). She owns several rentals. When can she comfortably consider herself FIRE? AyV wants to rent out his primary residence. Should he renovate? Anony...Show More
#186: Mike and Lauren have run a cleaning company, started and sold a biodiesel company, repaired and resold motorcycles, opened a coffeeshop, owned a DVD rental box, sold e-cigarettes, bought a storage warehouse, launched a YouTube channel with near...Show More
#185: Hello from Austin, Texas! I’m living in an Airbnb here for the next 5 weeks. Listen to the end of today’s episode to find out why … and discover how these next 5 weeks, for me, exemplify the “why” of financial independence. In the meantime, tho...Show More
#184: In 2003, Beyonce Knowles-Carter felt shy about performing sultry lyrics and dance routines on stage. She needed a tactic to overcome her nerves and stage fright. So she created an alter ego, Sasha Fierce, to bring out her more assertive side. B...Show More
#183: Should a newlywed couple with two cash flowing rental properties sell one to pay off $92,000 of student loan debt? What percentage of your portfolio should you have in rental properties? What's the smartest way to approach rental property inves...Show More
#182: Millions of smart, educated and successful people make dumb mistakes with their money ... and they don't realize it. I'm not talking about obvious dumb mistakes, like spending 85 percent of your income on a fleet of Ultra-Luxe-Fancymobiles for ...Show More
#181: Imagine that you’re going to take a 6-month to 9-month mini-retirement. How should you plan? What should you do? Sure, you’ll need to have enough savings to cover your expenses. You might want to find some part-time work. You may need to sell o...Show More
#180: Nearly two decades ago, Stacy Berman launched a fitness bootcamp in New York City: Stacy’s Bootcamp.
After six years, Stacy’s Bootcamp grossed more than $1 million. The company had zero employees; the other teachers were contractors.
#179: Should a couple in New Orleans sell their single-family home and use the sale proceeds to househack into a duplex? What do you think about turnkey investments? What tax consequences will someone face if they transfer their property to their par...Show More
#178: Tanja Hester retired at age 38. She had a negative net worth until her late 20's, thanks to a combination of student loans, buying expensive cocktails and clothes, living far beyond her means, and not paying attention to her money. If you were ...Show More
#177: Imagine that your job is extremely well-paying, but you don’t enjoy it. You’d like to switch employers, even though this will probably require a paycut. But before you make the switch, you want to accomplish two goals: buy a home and catch up o...Show More
#176: Cal Newport created a philosophy called digital minimalism, which is idea of reducing your digital life down to only the most important core essentials. Remove the apps from your phone, then slowly re-introduce only the ones that are the most u...Show More
#175: Larry Swedroe is one of the most respected investment thinkers and writers of our time. He's published 8 books on investing, including one of the first books to explain the science of investing to a layperson audience. He recently wrote an ultr...Show More
#174: Should a 48-year-old New Yorker who’s retiring next year buy more rental properties?
Should a Michigan-based first-time homebuyer use an FHA loan to buy a duplex for $135,000 that rents for $1,800 per month?
Should a 40-year-old music p...Show More
#173: Paulette Perhach is a journalist who has been published in The New York Times, Slate, ELLE, Marie Claire, and Cosmo. But we’re not going to talk about that today. We’re going to talk about the fact that she’s made every decision by putting her ...Show More
#172: Should a 25-year-old homeowner with healthy savings and no debt (other than his mortgage) upgrade his car? Should he make this choice if his current car is fine, and upgrading puts him into new debt? Should a couple without access to an employe...Show More
#171: Chris Hogan surveyed 10,000 millionaires in the United States. Here's what he discovered:
- 89% of millionaires have a net worth between $1 - $5 million dollars
- 62% graduated from public state schools
- 73% never had a penny of credit ca...Show More
#170: When should you NOT use the one percent rule for rental property investing? In today’s episode, I encourage two callers to violate the One Percent Rule for real estate that they already own. WHAAATTTT? Why would I say that? Especially given tha...Show More
#169: Happy New Years! To kickoff 2019, we've created a free book called One Tweak a Week, outlining 26 easy, actionable ways that you can improve your financial life.
Each tweak takes less than one hour (some are as quick as five minutes), and t...Show More
#168: You can do anything, but not everything ... and definitely not everything at the same time.
How can you eliminate distractions? Can you train yourself to pay attention to important tasks, rather than getting distracted by time-wasters?
#167: Angelisa is a college senior with $30,000 in student loans. She has a part-time job, from which she’s saved $2,500. Should she keep saving money, or should she get a headstart on paying down her student loans while she’s in school?
I answer ...Show More
#166: Michelle Singletary learned everything she knows about money from her grandmother.
Well, okay, I shouldn't say "everything" that she knows. After all, Michelle also has an MBA from Johns Hopkins University.
She writes about personal fin...Show More
#165: Should Kim, an entrepreneur, invest in index funds or rental properties?
Should Nick, an MBA student, househack into a more-expensive home with stronger cash flow, or a cheaper home with more budgetary wiggle room?
Should Kelly, who is ...Show More
#164: Bob Lotich joins us on the Afford Anything podcast to discuss why and how he took a mini-retirement, and to offer advice to anyone (whether traditionally employed or self-employed) who might want to do the same.
For more information, visit t...Show More
#163: Does my employer match count against my 401k contribution limits? Should I invest in a Traditional or Roth TSP? Should I invest more aggressively in stocks right now, or should I hold cash and bonds until the next downturn? Should I get a mortg...Show More
#162: How will artificial intelligence, AI, impact jobs? Former Harvard president and leading economist Larry Summers predicts that one-third of men will be out of work by 2050. Finance guru Suze Orman says not to be surprised if we see 25 percent un...Show More
#161: Matt is interested in achieving financial independence, and he wants to encourage his friends to pursue the same goal. What podcast episodes provide a light, digestible introduction to the world of financial independence and retiring early? Dan...Show More
#160: When Jonathan Mendonsa was 18, he researched which college degrees lead to the highest income. Pharmacy was near the top of the list of high-paying degrees, so Jonathan decided to become a pharmacist. He wasn't motivated by passion or calling. ...Show More
#159: Should a 36-year-old father of three invest primarily in Traditional or Roth retirement accounts? Should Rose, a grandmother of four, open a Vanguard account for each of her grandchildren? Should Nancy, who lives overseas and is the sole breadw...Show More
#158: Clark Howard loves the FIRE movement. That's because he's one of us. Clark began investing in real estate at age 22, started a travel agency at age 25, and retired at age 31. He sold his travel agency, moved to the beach and relaxed for four ye...Show More
#157: We're back with another Ask Paula - Real Estate Edition of the show! In this episode, we cover down payments, cash flow, investing in condo hotels, building a rental on the side of your own house, selling your properties, and whether it's bette...Show More
#156: James Clear wanted to start flossing, but he never managed to follow through. Despite his best intentions, his dental floss sat unused in a bathroom drawer. Fortunately, James had learned a thing or two about human behavior and habit formation....Show More
#155: How can a schoolteacher dad and stay-at-home mom send their four kids to college? Where should a 23-year-old keep the savings that she’s accumulating to buy a home by the time she’s 27 or 28? What should we know about retirement planning if we ...Show More
#154: Want to retire early? You'll need at least $5 million, more likely $10 million, says famous financial personality Suze Orman. I should know. She said that to me, directly, on my podcast. I asked Suze for her opinion about a frugal, flexible per...Show More
#153: A few weeks ago, Suze Orman's team reached out to me and asked if I'd be interested in chatting with Suze on my podcast. "Um, duh," I replied. Sure Orman is one of the most famous voices in the world of personal finance. From 2002 to 2015, she ...Show More
#152: Dr. Brian Portnoy is an expert in making decisions. He holds a Ph.D. from the University of Chicago, he's a Chartered Financial Analyst, and he's the Director of Investment Education at Virtus Investment Partners. Dr. Portnoy joins me on the po...Show More
#151: We’re back with another “Ask Paula” episode of the show! As usual, my friend and former financial advisor, Joe Saul-Sehy joins me in answering your questions! Let’s dive right in. Hailey: I just graduated from college with a major in Computer S...Show More
#150: Chad Carson's friends called him a "nerdjock." When former college football linebacker Chad Carson graduated from Clemson University, he decided to start a business. But he didn't have any money. He was a 235-pound athlete who attended college ...Show More
#149: Welcome to the September 2018 First Friday bonus episode! We recorded this episode at Camp FI, which stands for Camp Financial Independence. It's a gathering of people who are pursuing financial independence; we spend a few days eating, drinki...Show More
#148: Welcome to a special episode of Ask Paula! Today I’m answering questions about real estate investing, and I’ve brought a special guest on the show to join me. His name is Lucas Hall, and he’s a landlord with 5 properties in three locations (D.C...Show More
#147: Which of the following two attitudes describes you? "I'm crunched for time." -- or -- "I have all the time in the world." I'm guessing your answer is the first, rather than the second. But what if you could feel like your time is expansive and ...Show More
#146: My friend and former financial advisor, Joe Saul-Sehy, joins me to answer a multitude of questions on retirement savings and investing, so let's dive in. Elyse has two questions: #1: Through her job, Elyse has a 401(a) hybrid. Right now, she c...Show More
#145: When Rand Fishkin was 25 years old, he carried $500,000 in credit card debt. Less than a decade later, Rand was the Founder and CEO of a company that grossed $35 million in annual revenue. In this podcast episode, Rand shares the story of hitti...Show More
#144: Today I’m answering your real estate questions! First up, Rich asks: What are your thoughts on real estate crowdfunding versus investing in a traditional REIT and non-retirement account? He doesn’t want to give up the time it takes to manage a ...Show More
#143: Emma Pattee became a millionaire at age 26. But she hates it when I describe her like that. Here are other ways that Emma would prefer to be known: She's thoughtful. She's hilarious. She's kind. Emma is the child of hippies. She grew up in a te...Show More
#142: How can a family of four shift from earning two incomes to one, while still pursuing financial independence? How would a 55-year-old couple with $2 million saved know if they're ready to retire? Can parents use leftover money in their 529 plan ...Show More
#141: "I'll get around to rolling over my 401k ... next week." "Eventually I'll switch to a cheaper insurance plan." "I really should move my portfolio into lower-fee funds." "Yeah, yeah, I know I should create an estate plan. I'll do it later." ____...Show More
#140: Should you buy a rental property that mandates HOA payments? How do you adjust for cap rate over the years, as the property's rent increases with inflation? Should you buy an $88,500 house that rents for $1,250 a month? And can you dive into de...Show More
#139: Five years ago, at age 29, Kim E. started her first professional, salaried full-time job, working as a firefighter for the City of Austin, Texas. She received a starting salary of $42,000. Today, five years later, she has saved: - one year's sa...Show More
#138: There’s a famous quote that’s attributed to Henry Ford. The quote says, “If I had asked people what they wanted, they would have said faster horses.”⠀ ⠀ There’s no proof that Henry Ford actually said this. But whether or not that quote is histo...Show More
#137: Today's episode is an annuity sandwich: we answer one question about family and relationships, three questions about annuities, and one question about time management. My friend and former financial planner Joe Saul-Sehy joins me to answer ques...Show More
#136: Rich Carey is a military millionaire. He's spent his career in the U.S. Air Force; he's currently stationed in Seoul, South Korea. He was stationed in Germany before this. He'll retire after this. Most of his fellow servicemembers, upon taking ...Show More
#135: Time to talk about houses! I answer your questions about rental property investing in this week's episode. Our first question comes from James, age 25. He lives in Florida, where he bought a $130,000, 3-bedroom, 2-bath condominium in the Class ...Show More
#134: We often peek inside the world of business to look for lessons about how to simplify, optimize and innovate. But what can we learn when we examine world-class people who are hacking the system in any field -- including sports, politics and musi...Show More
#133: Andy from Michigan loved the episode with charity:water founder Scott Harrison. After the episode, he and his 6-year-old daughter started watching videos about charity:water, and now they're both inspired to give. Andy's question is on the topi...Show More
#132: BONUS EPISODE!! On the first Friday of the month for the remainder of the year, I'm rolling out an additional bonus episode. As you know, this podcast airs weekly on Mondays. I'm thinking about maybe -- MAYBE -- expanding the podcast to twice-a...Show More
#131: Scott Rieckens and his wife Taylor enjoyed a classic Southern California lifestyle. They lived near a gorgeous beach in sunny San Diego. They frequently dined at sushi restaurants. They drove a BMW. But after the birth of their daughter, everyt...Show More
#130: Anna and Dave want to get married ... eventually. But they want to buy a rental property together first. How should they approach this from a paperwork/legal structure standpoint?
This is just one of the listener questions I play and addres...Show More
#129: Laura Adams grew up in an upper-middle-class family in South Carolina, and her parents supported her through college. She attended her top-choice school, met her husband while they were still students, and enjoyed a charmed life. When she gradu...Show More
#128: Antonia, 27, wants to retire in 15 years. She's trying to figure out whether to contribute to pre-tax or after-tax retirement accounts. Most financial advice for 20-somethings that she's encountered says to contribute to after-tax (Roth) retire...Show More
#127: Most people know what they “should” do — save for the future. Spend less than they earn.
Why do so few people follow through?
In this episode, Dr. Klontz and I discuss shame, guilt, and how to implement behavioral changes. We talk about h...Show More
#126: It's time to answer real estate investing questions! Tom asks: "We're thinking about buying a duplex on a beach in a popular vacation destination in Florida. If the property stays 85 percent occupied as a short-term (VRBO) rental at current rat...Show More
#125: Morgan Housel has spent thousands of hours reading about investing. As a former columnist for the Wall Street Journal and The Motley Fool, he's spent more than a decade reading, interviewing, thinking and writing about how to manage money. And ...Show More
#124: Former financial planner Joe Saul-Sehy and I answer five questions about investing, retirement, insurance, travel and selling an expensive car.
For a full list of resources mentioned, go to the show notes at http://affordanything.com/episode...Show More
#123: What does life look like a few decades after reaching financial independence?
Vicki Robin, commonly referred to as the founder of FI and author of Your Money or Your Life, has a candid discussion with me about life after reaching financial i...Show More
#122: Tony lives in Chicago, where the returns on rental properties are so-so. He's thinking about investing in Indianapolis, where he consistently finds rental properties with better cap rates. Should he invest locally, so that he can get a primary ...Show More
#122: "Nowhere would hire me," Liz Thames says after graduating college. "I had what I thought was this nice resume, and I sent out over 50 applications. Nowhere called me back."
She took a temp job, joined Americorps as a full-time volunteer in a...Show More
#120: Roger Whitney, age 51, calls himself The Retirement Answer Man. As a financial planner, investment analyst and podcast host, he focuses on helping Baby Boomers craft a traditional (past-age-60) retirement.
Today, he joins me to answer two qu...Show More
#119: Once upon a time, in southern California in 1994, there lived a man named William Bengen.
He read many claims, widespread at the time, that said that since the markets return at least 7-9 percent compounding rates on average, retirees could ...Show More
Today, I’m tackling four queries about real estate investing that come from the audience.
Sam wants to work with a specific property manager that only serves a small area. Should that sway where he buys?
Terri asks about carry-over losses when...Show More
#117: My friend and financial expert Farnoosh Torabi joins me to answer a relationship & money question from listener Janice.⠀⠀
Janice is engaged, and she calls to ask: Should she get married?⠀⠀
She earns double what her fiancé makes. She h...Show More
#116: Stacy and her boyfriend would like to downsize to one vehicle. But they're collectively $14,500 underwater on 2 car loans.
Rachel earns $65k, contributes 20% to retirement, owes $19k on a car loan and $170k on student loans.
There are jus...Show More
#115: Rachel Cruze describes the lessons she learned about saving, spending, budgeting, debt and giving as the daughter of Dave Ramsey.
We discuss “Instagram envy” -- the act of comparing your life to someone elses’ -- and how to avoid the traps o...Show More
#114: This week, I answer four questions about real estate investing from the audience:
Joelle asks, "I can buy a property in cash for $100,000. Should I pay cash for one house (via a home equity loan) or split it into multiple down payments on m...Show More
#113: Natalie Sisson was tired of the corporate world. She wanted freedom, adventure and fulfillment. In 2008, she quit her job and co-founded a tech company -- but soon discovered that running a company felt a lot like having a day job.
Two years...Show More
#112: How can I convince my spouse to invest in low-fee index funds? How should my fiancé and I combine our finances? If I'd like to invest in rental properties, should I also buy stocks? Former financial planner Joe Saul-Sehy joins me to tackle thes...Show More
#111: Tanja and Mark moved from pricey Los Angeles to the more affordable North Lake Tahoe. They started automatically saving and investing huge chunks of their paycheck. They crafted detailed spreadsheets, plotting precisely how much they'd need to...Show More
#110: We're kicking off this year on a bright and cheerful note -- with a conversation about the impending recession! Yay!
We are living in one of the longest periods of economic expansion in our nation's market history.
#109: I thought it would be nice to wrap up this year with a lighthearted holiday episode about the importance of keeping a positive attitude.
Will Bowen, my guest on the final episode of 2017 (wow!), started a campaign to motivate people to comp...Show More
#108: Former financial advisor Joe Saul-Sehy joins me to answer audience questions about investing strategies, early retirement, and tax planning.
Kim asks about the 4 Percent Withdrawal Rule, Susan wants to know how to use a Roth Conversion Ladde...Show More
#107: Scott Harrison spent a year-and-a-half in West Africa, where he encountered people with diseases he'd never seen before -- such as cholera, typhoid, dysentery, and fatal cases of diarrhea and dehydration.
He smelled the yellow-brown parasiti...Show More
#106: Ask Paula - How to Estimate Repair Costs, File Taxes on Rental Income, and More
How do you search for rental properties out-of-state? Should I offer a lease-option contract to my friends? How can I estimate repair and maintenance costs? And ...Show More
#105: A.J. Jacobs is the Editor-at-Large of Esquire Magazine and the New York Times bestselling author of multiple books. His three TED Talks have collectively garnered more than three million views. He describes himself as "a father of three, husban...Show More
#104: Four questions from listeners about quitting a depressing job, learning how to ask probing questions, saving for a downpayment, and more.
I answer these questions in today's episode. Enjoy!
For more, visit the show notes at http://afforda...Show More
#103: On today’s show, I'm sharing this random smattering of lessons on money and life.⠀
1) Simplify everything
2) Risk = Probability x Magnitude
4) Never delay gratification
5) Know your net worth, relative to your lifetime earning...Show More
#102: This week, I'm back to answering listener questions about real estate:
Should we continue to rent out our home or sell it?
Should we take the proceeds from the sale of our house and put it toward our next home?
How can I find a good real e...Show More
#101: Robin Dreeke is former head of the FBI’s Counterintelligence Behavioral Analysis Program. His primary role was to thwart foreign spies and recruit American spies. That's not an easy task.
To accomplish this, Dreeke needed to gain people's tr...Show More
#100: Over a year-and-a-half and two million plus downloads later, the Afford Anything podcast has hit another awesome milestone: the 100th episode! To celebrate, I recorded this one live from Ecuador with my good friend Brandon, otherwise known as t...Show More
#99: BiggerPockets founder Joshua Dorkin and I have a heart-to-heart about the blood, sweat and tears that's required to start a successful online business. What lessons did he learn along the way? What regrets does he hold? And what advice would he ...Show More
#98: How much should you invest in a side hustle or side business? How do you know if your side hustle idea is viable?
My friend Joe Saul-Sehy from Stacking Benjamins joins me to chime in with his views on building side businesses and two non-sid...Show More
There are more heroes than villains in this world. We have seen a tremendous outpouring of love and support today. Please support the cause that's calling you, whether it's supporting the victims of the Las Vegas shootings, or disaster relief in Puer...Show More
#97: How can you be awesome at your job? That's the question that today's guest, Pete Mockaitis, and I tackle on the latest Afford Anything podcast episode.
For a comprehensive list from today's episode, go to the show notes at http://affordanythi...Show More
#96: Today I tackle 4 real estate questions that come from the listeners:
Chris is reluctant to buy a duplex because he might move away soon.
Another listener wants to know how my worst-performing property would fare if it was my *only* proper...Show More
#95: J. David Stein used to manage billions of dollars. He retired at age 46. Now that he's retired, he faces a different challenge:
How should he invest his own money?
What investing philosophy should he follow in his own life?
And ...Show More
#94: Early retirement? Yes please. This week, I answer questions from the audience community around early retirement planning, health savings and debt pay-off.
I'm interested in early retirement. How can I avoid early withdrawal penalties?
#93: Do you enjoy spending time alone? Does your inner monologue chatter constantly? When you were a student, did you sometimes stay quiet even when you knew the correct answer?
If so, you might be an introvert.
If you'd like to learn how to th...Show More
#92: If you're interested in real estate investing, and if you've wondered how to assemble an all-star team, today's episode is for you.
I'm hosting another edition of Ask Paula, in which I tackle three audience-submitted questions about building ...Show More
#91: Grow the gap between your income and your expenses: How to tackle the 4 biggest expenses in the average American household budget.
Also, I share non-obvious tips on how to trim back on these costs.
Paula For more details on this ...Show More
#90: Curious about real estate investing?
I'm rocking the microphone solo on today's episode, tackling the rental property questions that you -- the listeners -- have asked.
For more information, visit the website at http://affordanything.com/...Show More
#89: Eleven questions about money and life I presented to a crowd of 100+ people at the World Domination Summit. Get Rich Slowly founder J.D. Roth also joins me on this episode to discuss building a fulfilling life.
For more information, visit htt...Show More
#88: Former financial planner Joe Saul-Sehy and I answer 4 questions from the Afford Anything community.
We chat about how to control lifestyle inflation, how to break up with a financial planner, how to invest your first $10,000, and whether or n...Show More
#87: In today's episode, I share the first part of this presentation. Today's episode focuses on myths, assumptions and limiting beliefs that we hold around money, work and life.
This is the first of a three-part series. In episodes 89 and 91, I'l...Show More
#86: Your real estate questions answered!
Heather is ready to buy her first rental property and acquire one per year following a buy-and-hold strategy.
Salome and her husband are renting out an unused room on Airbnb. Should they buy rental prop...Show More
#85: Nick Loper joins us on this week's episode to explain how to develop a "side hustle," a small micro-business that provides a supplemental source of income.
We talk about tapping into the Sharing Economy, Freelancing / Expertise-Based Busine...Show More
#84: This week, Joe Saul-Sehy and I tackle your questions:
1. I'm asking for a friend -- no, really!
2. Young and no kids: Should we buy long-term care insurance?
3. My wife, 4 children and I live in the San Francisco Bay Area. We owe $20,000 on...Show More
#83: Hey. It’s time we talked. I’ve made many tough decisions in my business. I’ve said “no” to thousands of pitches, turned away countless advertising requests, and made difficult choices about content and tone. And sometimes I don’t know whether or...Show More
#82: Welcome to another Ask Paula episode! This week, I answer three real estate questions: #1: What criteria do you use when you’re shopping for an investment property? What qualities make you say, “heck yeah I’m buying this!!” — and what qualities ...Show More
#81: Jenny Blake used to have an enviable job. As a Career Development manager at Google, she enjoyed the perks of a Silicon Valley life, plus the satisfaction of helping people everyday. She co-founded Google's Career Guru Program, and helped count...Show More
#80: Chris, age 30, makes $200,000 per year and saves 50 percent of his income. What accounts should he use in order to maximize his tax benefits? Dee, age 39, is getting tired of apartment living. She found a great neighborhood in which she'd like ...Show More
#79: When Laura Roeder was 22, she quit her job to become a full-time freelancer. She earned $30,000 in her first year as a freelancer; $60,000 in her second year. Ten years later -- (Laura is now 32) -- her company earns $4 million in annual reven...Show More
#78: Imagine that you're looking for a rental property. It's a warm Saturday afternoon, and you decide to cruise through a few open houses in the area. Your autonomously-driving electric vehicle pulls into the driveway. Your wifi-enabled contact len...Show More
#77: “Have you ever tried to stop-peeing midstream? It’s like trying to put spray cheese back in the can. The damage has been done, and the only thing left to do is try to enjoy yourself.” That’s a quote from a deleted chapter in a book written by (i...Show More
#76: This week, my buddy Joe Saul-Sehy joins me to answer another round of listener-submitted questions. A listener from California asks: My husband and I will be inheriting money, which we plan to invest in index funds. We believe that our inherita...Show More
#75: In her early 40's, Jen lived in a converted garage, buried in credit card debt and scrounging for spare change. She was the type of person who'd join her friends at a restaurant for dinner , order nothing except tap water, and fill up on the com...Show More
#74: Former financial planner and friend of the show, Joe Saul-Sehy from Stacking Benjamins, joins me to answer the following listener questions: Kicking off today's episode, Nicky asks: I'm young and healthy. My car is old and not-worth-much. And ...Show More
#73: Last January, I went to a party at a trailer park that featured a huge bonfire, a few llamas, and a member of Public Enemy. (I realize that sounds like the setup to a joke. Welcome to my life.) While I was there, I met a former competitive che...Show More
#72: Spaghetti is a major part of my life. I eat it, of course, as many people do. I also spill it all over my pants, despite the fact that I’m 33 and should’ve learned the rules of gravity by now. But most importantly, I use spaghetti as a metapho...Show More
#71: Roger Whitney is known as the "retirement answer man." "All I think about, all day long, is how to make that [retirement] transition successfully," he says. But he holds a dirty little secret. "I don't believe in retirement. And the most succ...Show More
#70: Erin Lowry, author of Broke Millennial, talks about the early childhood scripts that we learn about money. Why is this topic important? Well, if you're a parent, you want to set a good financial example for your child to follow. Giving them the...Show More
#69: So many Afford Anything listeners have great questions about real estate investing. That's why this episode of Ask Paula is dedicated to answering them. Our first question comes from Ade, who has $25,000 to invest in real estate and lives in th...Show More
#68: My buddy Joe Saul-Sehy, host of the Stacking Benjamins podcast, joins me this week for another episode of "Ask Paula (and Joe!)" -- in which we workshop through questions that came from you, the Afford Anything community. This week, Joe and I a...Show More
#67: It's the first Monday of the month, which means it's time to answer questions from the Afford Anything community. Our first question comes from a caller in a tough spot: Her mother-in-law is 66 years old. She's divorced, holds no retirement sav...Show More
#66: You know that rare moment when you meet someone with whom you connect *instantly*? I felt that way when I met Emma Pattee, the 26-year-old millionaire and mini-real-estate-mogul who joins me on today's episode. Emma and I share similar stories...Show More
#65: I've always taken an approach to life that puts my freedom first. My one and only 9-5 lasted only 3 years. Since then I've been self employed and built financial independence through rental real estate. And while most see this podcast as being...Show More
#64: Your potential is unlimited. I realize that's the type of cliche that you normally find embossed in cursive script on the side of coffee mugs. It's trite and impersonal and overused. But it's also true. Your potential to earn and grow is limi...Show More
#63: It's the first Monday of the month, and you know what that means - another Ask Paula episode. Our first question comes from Richard, who wants to know if he should focus on creating a travel fund or building passive income through real estate. ...Show More
#62: Joe Saul-Sehy, a former financial advisor and host of the Stacking Benjamins podcast, joins me to answer your questions in this bonus episode of Ask Paula. Joe and I are goofballs; we tell PG-13 dirty jokes; we disagree on several answers, and w...Show More
#61: Even though John wasn't never an entrepreneur at heart -- even though he didn't (yet) self-identify as an entrepreneur -- he decided to throw himself, full-force, into the one and only business idea he'd ever had. Listen to John's story, in his ...Show More
#60: Andrew Hallam grew a million-dollar investment portfolio on a schoolteacher's salary by his mid-30's. In his bestselling book, Millionaire Teacher, he describes these nine lessons in detail. He shares these nine rules on this podcast, and his ...Show More
#59: By his mid-30's, Andrew Hallam became a millionaire on a teacher's salary. He began by investing $100 a month upon advice given by a mechanic. Then he began saving nearly half his $28,000 teacher’s salary. Andrew rode a bicycle 35 miles to work...Show More
#58: Ashley is a single mom saving diligently for her 2-year-old son. What alternatives are there to 529s and brokerage accounts? Julie and her husband invest quarterly. Should she try buying European equities when they are much cheaper due to Brexi...Show More
#57: Philip Taylor, aka PT, is one of the most well-connected guys in the personal finance world. He’s spent the past half-dozen years building tight relationships with some of the most influential authors and speakers in this space. Today he shares ...Show More
#56: Former professional Poker player Billy Murphy has an intriguing story. He achieved financial independence at age 29, and he did this by applying a concept known as "expected value" to his online businesses. In this episode, I chat with Billy a...Show More
#55: Scott Alan Turner used to be a money moron. (In his words.) He traded a Jeep for a Porsche in his 20s, purchased a 3,000 sq. ft. house with two mortgages, and bought luxury furniture on credit. The Porsche cost him $800 per month. The house co...Show More
#54: It's the first Monday of the month, which means I'm fielding questions from the audience. We start with a question from Nicole. She's a new listener, and she's stuck in a confusing situation. You see, Nicole is self-employed. She'd like to sa...Show More
#53: This episode is a little different. Instead of interviewing a guest, this podcast episode is a recording of a recent talk I gave in Equador. The audience wanted to know more about the context surrounding the decisions I've made regarding busine...Show More
#52: Imagine transitioning from making $8.50 per hour and sharing a crammed apartment with 5 people, to becoming a six-figure business owner doing what you love. That's the journey that Julia Kelly, caricature artist and founder of JK Expressions, ...Show More
#51: Today's guest is Mary Beth Storjohann, CFP®, Founder of Workable Wealth, and author of the book Work Your Wealth. As I was reading through her book, one thing stuck out to me: the financial frenemies we all have, and how to deal with them in a ...Show More
#50: Mark, a 55-year-old listener, has no savings. He's been listening to personal finance podcasts. He recently read Tony Robbins' Money: Master the Game. He called this podcast to tell us that he's feeling overwhelmed by the scope of what's ahead o...Show More
#49: If you're a longtime listener, you might remember J.D. Roth, founder of Get Rich Slowly and owner of Money Boss, from Episode 20. In this previous interview, J.D. shared how he went from being in debt to financially independent. Today, he's back...Show More
#48: Imagine that your goal is to build a flat stomach and stronger biceps. But deep down, subconsciously, you’re afraid you might fail. So you procrastinate. “I’ll work out tomorrow,” you tell yourself. “Or next week. Or next year.” As a result, you...Show More
#47: New York Times bestseller, radio and television personality, Clark Howard is known as a personal finance expert, that title doesn't tell the whole story. He started reading stock tables when he was in fifth grade. He began investing in real est...Show More
#46: This episode is a little unusual because I interviewed fellow podcast listeners live at FinCon (a conference for financial bloggers). Why? To get to know you and understand you better. I want to know what makes you tick, and where your interes...Show More
#45: Podcast listener Eva is interested in opening a Vanguard account. She noticed that people need $50,000 to access their personal advisor services. It’ll take her several years before she can access this. What should she do in the meantime? Amy, a...Show More
#44: When Leslie Samuel immigrated to the U.S. at age 17, he hoped for the American Dream: an education, a secure job, and a traditional career path. But during his college years, Leslie realized he had an entrepreneurial streak. He made a few attemp...Show More
#43: Jean Chatzky, financial editor for the TODAY Show, host of the HerMoney podcast and a frequent guest on TV shows like Oprah, Regis & Kelly, and The View is the bestselling author of many books, including Money Rules, which we discuss in today's ...Show More
#42: Your most valuable asset isn’t your house, car or retirement portfolio. It’s your attention. Most knowledge workers spend their day frantically hopping between meetings, emails, phone calls and social media. But that’s not the best way to stand ...Show More
#41: Mollie, a listener, is making smart money moves. She's getting the maximum match on 403b contributions. She's saving for a downpayment on a home. Her husband opened a Roth IRA. What's next? After listening to the Jim Collins episode, Mollie w...Show More
#40: Most of us want to develop better habits. We want to exercise more, eat healthier, get more sleep, watch TV less, pay off debt, or save money. The problem? We make excuses. We tell ourselves we'll splurge "just this one time." We convince oursel...Show More
#39: It's tempting to think of "financial independence" as a finish line. You've either crossed the finish line, or you're still running the race. But financial independence is more nuanced, says today's guest, Joshua Sheats. We experience seven stag...Show More
#38: There are 168 hours in a week. If you work 40 hours per week and sleep 8 hours per night, you’ve accounted for 96 hours. You have an additional 72 waking hours per week. What are you doing with this time? That’s the question today’s guest,...Show More
#37: Chris writes about life, work and travel. He has visited every country in the world and written a number of New York Times best selling books. He joins us to talk about challenging ourselves, experimentation,and deliberately changing our directi...Show More
#36: It's the first Monday of the month, and you know what that means ... Time for another Ask Paula episode! On today's show, I answer a handful of phone calls from listeners who posed questions about real estate investing. One caller from Atlanta...Show More
#35: Carrie Smith enjoyed her full-time accounting job, but she wanted to make extra money on the side. Who doesn't, right? She landed a second job in a tax office, working 9-to-5 for one employer and 5-to-9 for the other. She earned decent money, ...Show More
#34: Steve Chou's wife used to work grueling hours at a job she dreaded and despised. When she became pregnant with their first child, she decided to quit. The problem? She earned six figures, and their family needed that income. She opened an on...Show More
#33: After serving in the Navy for 20 years, Doug Nordman, then-age 41, retired from his military career. Most of his peers started second careers in the civilian world. But Doug didn't. He had an ace up his sleeve: he had spent his military caree...Show More
#32: Should you sell your stocks, given that we might be heading for a possible downturn? Also, what are the downsides of index funds? Should you invest in out-of-state rental properties, and if so, how can you figure out where to look? These are jus...Show More
#31: Jim Collins, also known as popular blogger JL Collins, has been financially independent since 1989. He achieved this in the simplest way possible: he saved half of his income and invested in index funds. Jim says the simplest possible approach ...Show More
#30: When Jim Wang was 29-and-a-half, life changed forever. Jim started an online company (a blog) in his mid-20's. His website grew to several hundred thousand readers and started earning five-figure monthly sums. It sounds too good to be true. I...Show More
#28: Most people only pay attention if there's a problem - that includes money. Guest, Evelyn Connors gets honest and raw about her previous understanding of how money works and her uber-excitement of taking control of her FI (financial independence)...Show More
#26: Sometimes you need to let go of the good for the great. Jay Money has started a lot of projects, only to let them go because they didn't match his goals. The show must go on - and it will with Paula at the wheel. Jay will be back from time to ti...Show More
#25: Would you rather...have $15k in quarters or $15k in dollar bills? Today we have fun with Joe Saul-Sehy, Len Penzo and Greg McFarlane (HELLO Greg) from the Stacking Benjamins Roundtable. For more information, visit the show notes at https://aff...Show More
#24: You ask. We answer. Let's grab a beer. This is the first Ask Us Anything in which we hear YOUR voices -- which makes this episode extra-awesome. In this week's episode, Paula and J. Money tackle listener-submitted questions, such as: Investing:...Show More
#22: Jeremy and Winnie are the bloggers behind Go Curry Cracker. They took a vacation to the Philippines and decided this was where they wanted to live - and retire there early (like REALLY early). For more information visit https://affordanything.c...Show More
#20: The Money Boss, JD Roth, went from $35k in credit card debt to selling a personal finance blog for an undisclosed amount of money. Today he shares how financial independence affected him - and how having enough money to be financially independen...Show More
#19: Financial Advisor to the stars, Rob Wilson, gives us the inside scoop on what kind of help celebrities and sports heroes need. What he tells us may surprise you! For more information, visit the show notes at https://affordanything.com/episode1...Show More
#18: Listener questions are back by popular demand! Paula answers your questions about real estate investing niches, strategies, and things to stay away from. For more information, visit the show notes at https://affordanything.com/episode18
#17: Harry began driving for Uber 2 years. Now he's making 6-figures sharing tips for how to maximize time and profit with Uber, Lyft, DoorDash and PostMates. For Harry's rideshare money-making tips, visit https://affordanything.com/episode17
#16: Aaron Epstein shares his story of shoveling snow as a kid to launching a profitable website during college to selling a multi-million dollar company. For more information, visit the show notes at https://affordanything.com/episode16
#13: Steve and his wife got on the Dave Ramsey plan and they paid off their house! Plus, you'll want to check out Steve's little coaching trick of Rent vs Buy vs Invest. For more information, visit the show notes at https://affordanything.com/episod...Show More
#11: Jay and Ryanne have created a beautiful life for themselves scavenging for resale items in rural areas and renting houses in the Shenandoah National Park area of VA. Read more at https://affordanything.com/episode11