Afford Anything | Get Smarter With Money

Latest Episodes:

The Four Quadrants of A Successful Life, with Andrew Hallam Jan 12, 2022

Show notes

#359: Money, relationships, health and purpose: life is running smoothly when all four of these elements are working together in tandem, like wheels on a car. But how can we make spending and investing choices that facilitate stronger relationships, better health and a deeper sense of purpose?

Andrew Hallam, who became a millionaire on a teacher’s salary, shares researched-backed, evidence-based insights into how to find balance, drawing from the worlds of behavioral finance and stock market history.

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Ask Paula: Should I Invest in Index Funds More Actively? Jan 08, 2022

Show notes

#358: Where is the balance between the risks and potential returns of actively and passively investing in index funds?Where do you place your savings after you max out your retirement and HSA accounts?

How do you finance building a rental unit when there’s already a home on the lot?

Is it more beneficial to buy back pension time with post tax deductions or a 457b plan? Or should I not buy back pension time at all?

In today’s episode, former financial planner Joe Saul-Sehy and I discuss the purpose and practice of mindful money.

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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Practical Investing and the Efficient Frontier, with Joe Saul-Sehy Jan 05, 2022

Show notes

#357: Discussing advanced investing topics with me is former financial planner Joe Saul-Sehy.

You may recognize him from the Ask Paula episodes, but we discuss financial topics shared in his new book "STACKED: Your Super-Serious Guide to Modern Money Management" - co-authored with Emily Guy Birken.

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Ask Paula: FIRE vs. FOMO -- How Do You Balance Between These? Dec 29, 2021

Show notes

#356: How do you find balance between smart money management vs. missing out on opportunities?

Should you pile money into investments or take that dream trip to Tanzania?

What should you do when your heart leads you to a decision that doesn't make sense on paper?

In today's episode, former financial planner Joe Saul-Sehy and I discuss the purpose and practice of mindful money.

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A Hospice Doctor's Advice on Financial Independence, with Jordan Grumet Dec 21, 2021

Show notes

#355: When Jordan Grumet realized he has achieved financial independence, he fell into a deep depression. He didn’t know who he was anymore, he says, and he didn’t know what should come next.

He learned about how to deal with us by observing his hospice patients. In this episode, Grumet, a hospice doctor, describes how working with the dying has taught him about life.

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Ask Paula: How Do I Make Sure I Don't Spend the Money I've Invested? Dec 16, 2021

Show notes

#354: Charlie in Cali has enough money saved to pay cash for a house, but she and her husband decided to finance their home, instead. They’d rather invest the money and arbitrage the spread. But one problem: how can they keep themselves from touching this investment?

Jay is choosing between Fidelity and M1 Finance, and has questions about tax loss harvesting.

Nicole and her siblings will be inheriting some properties that they eventually plan to sell. How should they set up or organize these properties among so many owners? Should one person take the lead? Do they need a shared business account? Also, how should they evaluate a property and make sure they get a good deal when they sell?

Ed owns three homes, two of which he plans to sell in the next few years. He plans to live in them long enough to establish residence and take the capital gains exemption when they sell. Is his plan for handling the taxes solid?

We answer these four questions in today’s episode. Enjoy!

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The Secret to Perfect Timing Dec 09, 2021

Show notes

#353: Daniel Pink joins us to discuss an unusual theory:

(1) that our energy rises, falls, and then rises again;

(2) that this pattern plays out across our days (morning energy, afternoon slump, nighttime second wind);

(3) this also plays out across our lives, with serious implications for how we spend those “muddled middle” years of our 30’s, 40’s and 50’s.

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Ask Paula: Should I Pull Money from My Emergency Fund to Invest or Pay Off Debt? Dec 03, 2021

Show notes

#352: Anna and her husband have volatile income, but Anna thinks that having 18 months of living expenses is unnecessary. She’s torn between paying off her student loans ($30,000) or investing the money. Mentally, she always figured she would pay off her debt first, but wouldn’t investing pay off in the long run?

Charlotte and her husband are taking a phased approach to financial independence, where they need to bridge two gaps before they each turn 59 ½. How can they calculate how much they need at each phase?

Elle has a retirement plan in place, but her company is adding a Roth 403(b) option soon. Should she stay the course or adjust her strategy in these last five years before retiring?

Sara wants to purchase land and build her dream house by refinancing her rental property and turning her current home into a second rental. How can she improve this plan?

Joe Saul-Sehy, my friend and former financial planner, joins me to tackle these questions on today’s episode.

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

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The Six Myths of Productivity Dec 02, 2021

Show notes

#351: Geoff Woods, Vice President of The ONE Thing and host of The ONE Thing podcast, is an expert on ruthless prioritization, habit development, and goal setting.

The simple framework he presents allows you to focus deeply and commit to the actions you need to take if you want to take your productivity to the next level this year.

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Ask Paula: How Much Should We Spend on a Wedding? Nov 23, 2021

Show notes

#350: Anonymous and her husband have set themselves on the path of saving for retirement. But an old mistake haunts them: a financial planner convinced them to buy a mix of whole and term life insurance, which costs them $700 per month. Do they need whole life insurance, and where else can they save their money?

Mike has $60,000 in cash earning one percent interest. He has plans to buy a home and get married in three to five years. Where else can he put his cash to earn a little more? Is the stock market too risky for such a short time horizon?

Anonymous and her future husband are wondering: what’s a realistic amount to spend on a wedding?

My friend and former financial planner Joe Saul-Sehy joins me to answer these questions on today’s episode. 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.

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