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    Business

    Afford Anything | Get Smarter With Money

    45 million downloads. One question: what does it actually take to build wealth?

    Each week, Paula Pant brings in economists, investors, business leaders, authors, and researchers to dig into the five pillars of financial freedom — financial psychology, increasing income, investing, real estate, and entrepreneurship. Deep insights rooted in economics and behavioral finance. First-principles thinking. No surface-level tips.

    Follow or Subscribe to hear new episodes every Tuesday and Friday.

    Get smarter with money. Build wealth.

    Advertise

    Copyright: © 2024 Afford Anything LLC

    • Apple Podcasts
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    Latest Episodes:
    Q&A: Remember When Money Advice Came From Just One Book at the Library? May 13, 2025
    Show notes

    #607: George is a worried baby boomer, wondering if today’s generation is drowning in the noise of today’s financial landscape. How does one find a balance between information and overload?

    Heather is stunned by the notion that renting could make more financial sense than buying. Where she’s from, the numbers seem to always swing in favor of owning. What’s she missing?


    Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode.

    Enjoy!


    P.S. Got a question? Leave it at https://affordanything.com/voicemail


    For more information, visit the show notes at https://affordanything.com/episode607

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


    Can You Really Afford to Die? - with Hospice and Oncology Nurse Suzanne O’Brien May 09, 2025
    Show notes

    #606: Hospice nurse and end-of-life educator Suzanne O’Brien joins us to discuss the financial realities of dying in America — and they might surprise you.

    Remember Aretha Franklin? Her handwritten will was found in her couch cushions after she passed away. Despite her substantial wealth, this simple document was legally upheld. It's a powerful reminder that having any form of will is better than none at all.

    But there's more to worry about than just having a will or trust. The costs of aging and dying can add up fast.

    Long-term care costs can quickly deplete even substantial savings. Suzanne shares a story about a couple with over $5 million who were shocked to learn how quickly 24/7 care for dementia would consume their nest egg.

    Traditional funerals average between $7,000-$11,000, but there are much more affordable alternatives:

    • Home wakes and natural burials can cost just a few hundred dollars

    • Water cremation offers an environmentally friendly option

    • Whole body donation to medical institutions costs nothing while contributing to education

    Planning ahead gives you control over these decisions and spares your loved ones additional stress. Multi-generational living arrangements can also reduce caregiving costs and address concerns like isolation and safety for aging family members.

    Suzanne also shares stories about the emotional side of dying. Did you know some people seem to choose when they go? She tells us about a 99-year-old woman in a coma who somehow held on for days until she turned 100, then passed away that very night.


    Resources Mentioned:

    • Anatomical Board of the State of Florida » College of Medicine » University of Florida
    • US Programs » Anatomical Board of the State of Florida » College of Medicine » University of Florida
    • NATIONAL HOME FUNERAL ALLIANCE - Home


    https://affordanything.com/episode606

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    Q&A: My Boss Said Return to Office. So I’m Quitting. May 06, 2025
    Show notes

    #605: In light of recent federal mandates to return to the office, Pedro is having a hard time giving up on his fully remote lifestyle. Is there a creative solution to his dilemma?

    An anonymous caller is excited to move abroad permanently. How should she structure her investments to support her international lifestyle while maintaining a home base in the US?

    Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode.

    Enjoy!


    P.S. Got a question? Leave it at https://affordanything.com/voicemail


    For more information, visit the show notes at https://affordanything.com/episode605https://affordanything.com/episode605

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


    First Friday: How April’s Tariffs Changed the Economy May 02, 2025
    Show notes

    #604: The biggest trade shake-up in 135 years is happening right now.


    April brought tariff levels that economists say haven't been seen since the 1890s, creating ripple effects throughout the economy.


    We're seeing a stark disconnect between official economic data and how people feel about their financial future.

    While the economy added 177,000 jobs in April — beating forecasts — consumer confidence has plummeted to alarming levels.


    Almost 70 percent of Americans now expect higher unemployment ahead, despite the strong job numbers.

    The tariffs have triggered some unexpected behaviors. Companies rushed to import goods before prices increased, which ironically pushed the trade deficit to record levels.


    Consumers went on buying sprees for cars, computers, and other expensive items, fearing they'd soon cost much more.

    Meanwhile, inflation expectations have surged to their highest levels in decades.


    What does this mean for investors? Bond markets reacted dramatically, with Treasury yields posting one of the sharpest spikes on record mid-April before settling back down.


    The dollar weakened significantly, and economists have raised recession probability to 45 percent — up from 30 percent just last month.


    Small businesses are feeling the uncertainty too.


    After initial optimism about potential tax cuts and deregulation, their expectations have soured amid concerns about how tariffs might hurt smaller firms disproportionately.


    Market volatility has hit retirement savers particularly hard. We take a call from a listener named Johanna who shared that she lost 30 percent of her portfolio due to recent tariff-related swings.


    She’s wondering whether she’s still "Coast FIRE" — even when market shocks alter her retirement math.


    Join us as we break down April's economic data, explain what's behind the market volatility, and discuss what these historic tariffs might mean for your money in the months ahead.


    Timestamps:

    Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths.


    (00:00) The Economic Experiment


    (02:00) April 2025 Job Gains


    (05:41) Interest Rate Forecast


    (07:04) Benefit of Roth Conversions during market declines


    (08:17) Tariffs and the Smoot-Hawley Tariff Act


    (13:23) The Bond Market


    (17:49) The Dollar’s Decline


    (19:31) Economist's Recession Predictions


    (22:20) Consumer Sentiment


    (25:29) Consumer Spending Rises


    (27:13) Is Johanna still FIRE after the drop?


    For more information, visit the show notes at https://affordanything.com/episode604https://affordanything.com/episode604

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


    Q&A: Who Actually Makes Money From Gold and Silver These Days? Apr 29, 2025
    Show notes

    #603: Bethany’s partner wants to invest most of their money in gold and silver, but no one seems to talk about this kind of investing. Is this a red flag or a potential opportunity?

    Diana is worried she’s been saving too much for her kids’ college - hundreds of dollars a month since they were born. How does she know when to stop?

    Wendy’s pension and social security will cover all her basic expenses during retirement. Does the four percent rule still apply to her discretionary nest egg, or is there another approach?


    Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode.

    Enjoy!


    P.S. Got a question? Leave it here.


    For more information, visit the show notes at https://affordanything.com/episode603

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


    The Surprising Science of Six-Figure Thinking Apr 25, 2025
    Show notes

    #602: Ever looked back at an old Facebook post and cringed? According to Olga Khazan, staff writer at The Atlantic, that discomfort is evidence of something powerful: your personality has changed, even if you didn't notice it happening.

    In our latest episode, Khazan, who recently wrote a book on the science of personality change, breaks down how our personalities aren't fixed traits but flexible characteristics we can intentionally shift to achieve our goals.

    The conversation centers on the "Big Five" personality traits — Openness, Conscientiousness, Extraversion, Agreeableness and Neuroticism (OCEAN) — and how they impact financial success and career advancement.

    If you work a regular 9-to-5, personality development can boost your career trajectory. Khazan highlights that conscientiousness — being organized, timely and detail-oriented — directly correlates with workplace success.

    She suggests decluttering both your physical space and your commitments to increase productivity.

    For introverts navigating office politics, she recommends "cosplaying as an extrovert" by signing up for regular group activities that are hard to back out of. Over time, social interactions become less draining, creating more opportunities for advancement.

    And when engaging with colleagues, focus on asking meaningful questions about their experiences rather than collecting basic facts — this builds genuine connections that can lead to promotions and new opportunities.

    If you’re intimidated by new financial ventures like entrepreneurship or real estate investing, Khazan suggests learning from others who've succeeded in similar situations. Research shows you're more likely to implement strategies when you learn them from peers rather than experts.

    When discussing successful entrepreneurs, Khazan reveals they typically share three key traits: high extraversion (energy for interacting with others), low agreeableness (ability to make tough decisions), and low neuroticism (emotional stability for risk-taking).

    Think Steve Jobs — not always the nicest person, but his combination of vision, decisiveness and comfort with risk built one of the world's most valuable companies.

    The most important takeaway? Never tell yourself you can't do something because "that's just not who you are." Instead, take small daily steps toward your goal, and you'll gradually develop the personality traits needed for success.


    Timestamps:

    Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths.

    (0:00) "The Surprising Science of Six-Figure Thinking"

    (1:16) What is personality - behaviors that help meet goals

    (2:24) Personalities change over time

    (3:34) Personality impacts success

    (4:12) OCEAN - the Big Five traits explained

    (5:48) Origins of personality research

    (8:20) Changing personality intentionally

    (9:52) Low vs high openness traits

    (12:05) Increasing openness gradually

    (15:36) Boosting conscientiousness strategies

    (23:09) Time management techniques

    (30:31) Extraversion benefits careers

    (33:19) Introvert's guide to social skills

    (37:25) Healthy boundaries, not people-pleasing

    (46:06) Meaningful conversations build connections

    (51:16) Reducing anxiety with mindfulness

    (56:52) CEO traits - extroverted, disagreeable, emotionally stable

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


    Q&A: The Stock Market Sucks. Is Private Equity Any Better? Apr 22, 2025
    Show notes

    #601: Nick and his wife have $100,000 to invest, but they’re worried about the volatility of the current stock market. Should they look into alternative investments such as private equity?


    Even though Roth IRAs come with tax-free withdrawals in retirement, Josh is worried about his tax bracket going up and neutralizing the benefits. Is he right to be concerned?


    The retirement portion of Cindy’s financial three-legged stool is set, and she’s now focused on her taxable brokerage. What investment strategy will allow her to be work optional in 10 years?


    Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode.

    Enjoy!


    P.S. Got a Question? Leave it at https://affordanything.com/voicemail

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


    Mini-Retirements Are the New Early Retirement – with Mom of Six, Jillian Johnsrud Apr 18, 2025
    Show notes

    #600: Jillian Johnsrud was falling apart. After suffering a miscarriage, she couldn't pull herself together to return to her job as a youth pastor in DC. She decided to take a month off.


    That unexpected break became Jillian's first "mini-retirement" — a deliberate step away from work for at least 30 days to focus on something meaningful.


    Today, Jillian is a mom of six who has taken more than a dozen mini-retirements with her kids, who currently range in age from 8 to 17.


    During her first mini-retirement, she and her best friend piled into her green Honda Civic and drove from DC to Seattle, leaving her 13-year-old son Micah at home with her husband.


    A couple years later, Jillian took Micah, then 15, to Glacier National Park in Montana for another mini-retirement. They saw mountain goats, kayaked together, and swam in ice-cold waters.


    This trip created irreplaceable memories. Sadly, Micah died six years later.


    His death changed how Jillian sees time. She now understands that meaningful moments don't wait for perfect timing - they either happen now or vanish forever.


    Waiting for "someday" might mean missing chances forever.


    This drives her philosophy about mini retirements — life contains fleeting seasons that we either embrace now or miss entirely.


    "To be able to share those memories with him there is priceless," Jillian tells us.


    This understanding shapes her approach with her other children too. From a 10-week road trip to 10 national parks in a pop-up camper to a recent six-month journey across the eastern United States with her five younger children (now ages 8-17), Jillian prioritizes experiences that fit each season of family life.


    Planning your own mini retirement? Jillian recommends focusing on four key areas: managing your time (pick just 2-3 priorities), addressing career logistics (craft a compelling story for your employer), saving money (about 6.5 percent of your income for a month off every other year), and preparing for emotional revelations.


    Jillian emphasizes the importance of separating your mini retirement fund from long-term retirement savings. This separate fund, which she calls the "in-between bucket," allows you to spend freely on experiences now rather than postponing all enjoyment until traditional retirement age.


    As Jillian puts it: "You can't postpone every good thing in your life."


    Timestamps:

    Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths.


    (0:00) Introduction to mini-retirements

    (0:59) Definition of mini-retirement: stepping away from work for 30+ days to focus on something meaningful

    (3:03) Jillian shares her first mini-retirement story after experiencing personal loss

    (8:28) Taking time off to enjoy important life moments before they pass

    (12:12) Jillian's trip to Glacier National Park with her son Micah before he passed away

    (20:33) Four components of planning a mini-retirement: time, career, finances, unexpected challenges

    (34:14) Time management: choosing 2-3 clear goals rather than trying to do everything

    (42:39) Career strategies: how to present your mini-retirement to employers

    (1:01:29) Financial planning: saving 6.5% of income for monthly breaks every other year

    (1:14:34) Handling unexpected challenges that arise during your time off

    (1:20:01) How mini-retirements reveal personal issues you've avoided through work

    (1:33:32) Jillian's recent family adventures with five children

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


    Q&A: Retirement Math That Actually Works; Cashing In on the World Cup; and Why Your Parents' Housing Advice Is Wrong Apr 15, 2025
    Show notes

    #599: Becky and her husband are about to semi-retire. But the four percent retirement withdrawal rule doesn’t make sense for them. Are there other financial frameworks they should explore?


    Kris is excited about a potential boost in local real estate values when the World Cup comes to town. Will this have any significant impacts on his property?


    Peyton’s parents are pressuring her to buy a house, but she’s worried this will cripple her early retirement goals. Is she right to be concerned?


    Former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode.

    Enjoy!

    P.S. Got a question? Leave it here (https://affordanything.com/voicemail)


    For more information, visit the show notes at https://affordanything.com/episode599

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


    Tax Strategies You Might Be Missing, with Natalie Kolodij Apr 11, 2025
    Show notes

    #598: Tax day is approaching, and if you're like most people, you might be overlooking deductions that could save you money.


    In our latest podcast episode, tax strategist Natalie Kolodij joins us to reveal common tax misconceptions and share strategies that could potentially lower your tax bill.


    "The tax code is 70,000 pages," Natalie explains. "There's so much. So I really like to have people focus on a handful of things to be mindful of."


    For W-2 employees who often have fewer tax advantages, Natalie highlights several overlooked deductions. If you live in a state without income tax (like Florida or Washington), you can deduct sales tax instead — especially on major purchases. Don't forget about personal property taxes on vehicles, boats or RVs either.


    Medical expenses can be deductible, but only amounts exceeding 7.5 percent of your adjusted gross income. Natalie suggests consolidating elective procedures into a single tax year to maximize this benefit.


    Charitable deductions offer surprising opportunities too. Miles driven while volunteering, expenses from fostering animals, and even home renovation materials donated to organizations like Habitat for Humanity can all qualify. Natalie also explains how "bunching" donations in alternate years can significantly increase tax savings compared to giving the same amount annually.


    The interview tackles major misconceptions about selling your primary residence. While many believe living in a home for two years makes all gains tax-free, Natalie clarifies that any "non-qualified use" periods (like when it was a rental property) can still be taxable.


    For small business owners and real estate investors, Natalie recommends tracking all business-related expenses — even seemingly minor ones like industry-related books or educational materials. She emphasizes the importance of proper record-keeping and having separate accounts for business expenses.


    As we navigate tax law changes following the recent election, Natalie's advice rings true: maintain flexibility in your tax planning and consider working with professionals who specialize in your specific situation.



    Timestamps:

    Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths.


    (0:00) Intro to tax day discussion

    (2:46) Common tax savings for W-2 employees

    (4:12) Standard vs itemized deductions explained

    (5:46) Often forgotten property tax deductions

    (6:58) Sales tax deductions for no-income-tax states

    (9:06) Medical expense deduction thresholds

    (12:53) Charitable giving strategies and overlooked deductions

    (17:51) Bunching donations in alternate years

    (22:20) Home sale tax exclusion misconceptions

    (30:44) Tax withholding changes and common mistakes

    (44:35) Bonus payment tax myths debunked

    (52:52) Finding the right tax professional

    (1:02:02) Small business and real estate investor tips

    (1:09:38) Best practices for tax record keeping

    (1:15:14) Preparing for potential tax code changes


    For more information, visit the show notes at https://affordanything.com/episode598

    Learn more about your ad choices. Visit podcastchoices.com/adchoices


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