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Latest Episodes:

Why Does the Stock Market Crash? | Stocks 101 Explained, with Brian Feroldi Mar 09, 2022

Show notes

#369: To answer these questions, we need a deep, tree-trunk understanding – a core, fundamental understanding – of how the stock market operates.

What, exactly, IS a stock – and how are stocks valued? What’s the difference between the Dow Jones, the S&P 500, and the Nasdaq? Why is the market a voting machine in the short-term, but a weighing machine in the long-term?

Brian Feroldi, the author of “Why Does the Stock Market Go Up?,” joins us for a Stocks 101 explainer episode.

If you’d like a deeper understanding of the world of stocks, you’ll enjoy this explainer episode.

And if you have a friend/spouse/coworker who’s said, “I need to learn more about investing,” share this episode with them.

Enjoy!

For more information, visit the show notes at https://affordanything.com/episode369

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Ask Paula: Talk Crypto To Me Mar 04, 2022

Show notes

#368: Grace wants to buy a manufactured home for rental income. Should she calculate her returns differently for a manufactured home?

Alex is curious about cryptocurrency. How should she analyze the returns promised by different platforms and where can she go to learn more about crypto in general?

Thomas and his wife have parallel goals of saving for a down payment and contributing to retirement accounts. How should they balance both of these goals?

In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.

Enjoy!

For more information, visit the show notes at https://affordanything.com/episode368

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The Roots of Procrastination, Inattention and Anxiety, with Dr. Ellen Vora, M.D. Mar 02, 2022

Show notes

#367: Since the start of the Covid-19 pandemic, many commentators have remarked that we’re living in an “epidemic of anxiety.”

More than 40 million Americans suffer from anxiety, and countless millions more notice themselves “acting out” against their responsibilities in smaller, self-sabotaging ways: procrastinating, lacking motivation, grappling with an inability to concentrate.

In today’s episode, Dr. Ellen Vora, M.D., discusses both the internal and environmental factors that can exacerbate anxiety. She talks about nutrition and sleep, as well as the fact that, frankly, your job just might suck.

She applies these ideas to tactics that allow us to better handle our finances, investments, careers and lives.

Dr. Ellen Vora holds a B.A. from Yale University and a medical degree from Columbia University. She’s a board-certified psychiatrist.

Enjoy this conversation, and share your comments and feedback with members of our community at affordanything.com/community

For more information, visit the show notes at https://affordanything.com/episode367

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Ask Paula: How Do I Invest For My Parents' Retirement? Feb 24, 2022

Show notes

#366: Micheal’s parents just sold their home to pay off debt and fund their retirement. How should he invest the profits?

Ryker would like to understand what it would take for cryptocurrency to be considered as a good investment option for a diversified portfolio.

Megan has qualified for her employer's 401k and needs help deciding between investing in a Roth 401K and a Roth IRA.

In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.

Enjoy!

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Inflation, Explained Feb 18, 2022

Show notes

#365: Nearly every financial news story for the past several months has centered around inflation – but what, exactly, is inflation? What are its causes? What are its effects? How is it measured? What notable inflationary events have unfolded throughout history, and what can we learn from these?

In this episode, we peel back the layers of the onion in order to deepen our understanding of the concept of inflation. We discuss hyperinflation, biflation, stagflation; we discuss the CPI, the PPI, and core inflation. We discuss the demand-pull inflation, cost-push inflation and the wage-price spiral. We resist the temptation to make predictions about the future, choosing instead to focus on refining our understanding of the present.

Enjoy!

For more information, visit the show notes at https://affordanything.com/episode365

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Ask Paula: No Spouse, No Family - How Do I Financially Prepare For Care Later In Life? Feb 09, 2022

Show notes

#364: Our first caller is curious about whether he should keep his 30 year term life insurance policy or let it lapse with 12 years left on the policy?

Anonymous is wondering which financial products would work best for to cover her older age care and expenses?

Max is thinking through real estate and stock market returns as they relate to future population trends.

Ramon asks us about the details behind infinite banking.

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it at https://affordanything.com/voicemail and we’ll answer them in a future episode.

Enjoy!

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Two Types of Intelligence, with Harvard Professor Arthur Brooks Feb 04, 2022

Show notes

#363: In our 20’s and 30’s, we have high levels of fluid intelligence, or raw intellectual horsepower. We can ace tests, impress people with our memory and recall, and analyze facts, documents and data.

But in our 40’s and 50’s, we have higher levels of crystallized intelligence, which allows us to draw together novel insights from across domains.

Fluid intelligence allows us to analyze, or break apart.

Crystallized intelligence allows us to synthesize, or put together.

Each type of intelligence invites us to express different skills, to pivot our role at work – or perhaps even to change careers or industries altogether.

In today’s episode, Harvard professor Arthur Brooks discusses these two types of intelligence, and outlines how we can gracefully move from one strength to the next.

Subscribe to the show notes at https://affordanything.com/shownotes

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Ask Paula: Okay Seriously, Why Hasn’t Anyone Solved the Budgeting Issue? Feb 01, 2022

Show notes

#362: David is questioning how to better manage his spending. He’d like a stronger framework to think through budgeting challenges.

Elisa and her husband bought a home, and now they’re saving extra income every month. She has a pension and her husband is an entrepreneur. How much should they be saving for retirement and how should they invest their extra money?

Geoff invested primarily in taxable brokerage accounts for the last twenty years. He’s built a $6 million portfolio and reached financial independence. He wonders about the smartest strategy for withdrawing from those taxable brokerage accounts to efficiently manage capital gains?

Jenna and her husband are planning on buying their next home in a few years. She wants to know if I-bonds are a good way to save for the down payment and closing costs.

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

Enjoy!

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

Subscribe to the show notes at https://affordanything.com/shownotes

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The GameStop Revolution, One Year Later — with Spencer Jakab Jan 26, 2022

Show notes

#361: Wall Street Journal columnist Spencer Jakab marks the one-year anniversary of that weird time when the subReddit Wall St Bets pumped shares of meme stocks like GameStop and AMC Theaters, triggering a short squeeze that forced several hedge funds to lose billions.

What did we learn from that experience? And how do we actually take down Wall Street? How do we launch a truly effective financial revolution?

We share those insights in today’s episode.

Subscribe to the show notes at https://affordanything.com/shownotes

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Ask Paula: I’m Worried My Parents Are Getting Ripped Off By Their Financial Advisor … Help! Jan 19, 2022

Show notes

#360: I’m worried my parents are getting ripped off by their financial advisor. What should I do?

My wife is trying to qualify for student loan forgiveness … but we might lose a bunch of tax benefits in the process. Is it worth the risk?

I’m enrolling in grad school, and I want to optimize how to pay for rent and groceries. Should I use money from a 529 plan?

Three callers. Three questions.

In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough Q’s.

Enjoy!

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.

Subscribe to the show notes at https://affordanything.com/shownotes

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