Afford Anything | Get Smarter With Money

Latest Episodes:

Ask Paula and Joe: Should I Sell My $575,000 in Tesla Stock? Feb 05, 2021

Show notes

#299: Chris bought Tesla a few years ago and Jinko Solar eight months ago. Both of these have gone up in value by a lot. What tax strategies can he use to sell these shares?

Holly and her three sisters stand to inherit two side-by-side duplexes. How can they structure the ownership of these properties in a fair way?

Eric feels hopeless about health insurance as a self-employed business owner. Are DPCs or healthshares the way to go?

Frank and his wife have a nine-year retirement plan that involves selling their home and moving to Costa Rica. How can they maximize their savings and existing investments to set themselves up for success?

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

For more information, visit the show notes at https://affordanything.com/episode299

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How to Talk to Friends about Money, with Erin Lowry Feb 03, 2021

Show notes

#298: Money conversations with friends, family members, or significant others are unavoidable. Most of us dread these conversations - they’re awkward, heated, or draining.

Erin Lowry, author of Broke Millennial Talks Money, shares tips and scripts for tactfully setting financial boundaries and expectations without drama. If you’re anxious about being in a wedding, splitting the tab with friends, or asking your siblings about taking care of your parents, this episode is for you.

For more information, visit the show notes at https://affordanything.com/episode298

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PSA Thursday Part II: Let the People Trade! Jan 28, 2021

Show notes

This morning, almost every major brokerage halted trading on the most volatile stocks, including GameStop, BlackBerry, Bed Bath & Beyond, Nokia, and AMC Theaters.

We're in a situation where major trading platforms are blocking retail investors - us - from placing trades, while allowing hedge funds and institutional investors to drive prices.

That is not a free market.

When you don't let people buy, and you don't let people sell, you're locking people out of the game entirely.

Yesterday, I was worried that grandma and grandpa would make the wrong investment choices and irrationally bet their life savings away. Now, they're prohibited from making any choice. 🤯

We deserve the right to make our own trading decisions.

For the latest updates, follow me on Instagram (https://instagram.com/paulapant)

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PSA Thursday: Wall Street Bets, GameStop, and the Rise of Meme Stocks Jan 28, 2021

Show notes

If you blinked, you missed the biggest stock market story since the crash of March 2020. It’s a story that led GameStop, a brick-and-mortar company that sells *physical* video games (remember when games came on 5.25-inch floppy disks?), to skyrocket its share price by 700 percent in two weeks.

It’s a story of short selling, of high-frequency trading, and of individual investors who harbor deep anger towards hedge funds. It’s a story of social media vs. Wall Street ... and the innocent bystanders who get caught in the crossfire. That's the story we cover in today's episode.

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

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Ask Paula: Should I Househack or Pay Off My Student Loans? Jan 25, 2021

Show notes

#297: George is torn between paying down his student loan debt (which he deferred) or buying a househack. Which is better for his long-term goal of reaching financial independence?

Mario is curious to know: is his two-fund portfolio at a 90/10 split is a good asset allocation for his Roth IRA?

Hanan wants to figure out if a backdoor Roth IRA conversion will work for her. She also wants to investigate whether a Vanguard Institutional 500 Index Trust and a Vanguard Institutional Total Bond Market Index Trust are ideal. Are trusts different from index funds or mutual funds and if so, how?

Vivian is worried about bridging the gap between when she retires and when she claims Social Security. Will her plan of doing a Roth conversion ladder work out the way she hopes?

Lastly, June and her husband netted $400,000 from the sale of some golden parachute ISOs. They want to help their children pay for college and are trying to figure out how to strategically use this money. Should they pay off their home, buy rentals, fund 529s, or Roth their 401ks?

My friend and former financial planner, Joe Saul-Sehy, joins me to answer these five questions. Enjoy!

For more information, visit the show notes at https://affordanything.com/episode297

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Investing is the Art of Probabilistic Thinking Jan 20, 2021

Show notes

#296: There’s a lot happening in the market. The Dow is at a new high, there are runaway stocks causing irrational exuberance, and yet, unemployment claims are on the rise.

How can this be?

To make sense of this, we discuss how improving judgment and using mental models can protect us against risks and short-term thinking. We review one question people rarely ask that might save them from making costly investment mistakes. We then wrap up with a discussion on the so-called death of cities, and what this means for real estate investors.

For more information, visit the show notes at https://affordanything.com/episode296

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What Your Childhood Taught You About Money, with Rachel Cruze Jan 12, 2021

Show notes

#295: How well do you know yourself and the reasons why you manage money in the way that you do? You might not know at all, or you might have some degree of understanding, but digging into your money story can shed insight on your behaviors with money today.

Rachel Cruze, four-time bestselling author and daughter of Dave Ramsey, shares three frameworks that can help us better understand our money habits.

For more information, visit the show notes at https://affordanything.com/episode295

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Ask Paula: If I Were to Interview Suze Orman Again Today, How Would It Go? Jan 04, 2021

Show notes

#294: Jeffrey is curious: if I were to interview Suze Orman today, would I agree more or less with her thoughts on the financial independence retire early (FIRE) movement?

Matt wants to know: if a property cash flows really well, is it worth paying significantly more than the appraised value to purchase that income stream?

Sara and her husband are returning to the states after living abroad for a few years. They’re moving to an expensive area where three to four bedroom homes cost $800,000+. They have $150,000 saved for a downpayment, but a $600,000 mortgage isn’t what they had in mind. What should they do?

Eva and her partner are squirreling away money before the birth of their baby. They’d like to pay off their $90,000 mortgage in three years, but they’re afraid to use the money in case of unexpected baby expenses. What’s their best move?

Justin and his wife want to take a gap year with their children in three years. They plan to visit Spain and London for six months each. What are unexpected expenses that they should factor into their budget?

Former financial planner Joe Saul-Sehy and I answer these questions on today’s episode. Enjoy!

For more information, visit the show notes at https://affordanything.com/episode294

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The One Question That Makes Everything Easier, with Geoff Woods Jan 01, 2021

Show notes

#293: 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.

For more information, visit the show notes at https://affordanything.com/episode293

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