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Latest Episodes:

Personality Isn’t Permanent, with Dr. Benjamin Hardy Jul 14, 2020

Show notes

#265: Are you the same person you were five years ago? Ten years ago? Fifteen years ago?

Of course not. Things in your life have changed: your interests, hobbies, decision-making process, and habits are different than they were a decade ago.

Likewise, our personality changes -- and this means we can decide who we want to become.

Today’s guest, organizational psychologist Dr. Benjamin Hardy, literally wrote the book on personality impermanence. During this episode, he shares research on why our personalities aren’t as fixed as we think they are and the strategies we can use to change.

Dr. Hardy is the bestselling author of Willpower Doesn’t Work and Personality Isn’t Permanent. He’s a contributor to Inc. and Psychology Today. From 2015-2018, he was the number one writer on Medium.com.

If you want to rise to the level of your goals, rather than fall to the patterns of your past, this episode is for you.

For more information, visit the show notes at https://affordanything.com/episode265

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PSA Thursday: How to Stay Safe During the Reopenings Jul 09, 2020

Show notes

Welcome back to PSA Thursday, a mostly-weekly segment in which we talk about how to handle money, work, and life in the middle of a pandemic.

This week, we focus on life and staying safe when venturing outside of your home.

Many of us are concerned with reducing the risk of coronavirus infection in places like grocery stores, gas stations, or backyard BBQs, but the guidelines on how to stay safe aren't always clear.

In this episode, we discuss specific precautions to take...

When using a public toilet
When picking up food at a quick-serve restaurant
When you're exercising at the gym
When filling your car with gas
In your general day-to-day life when you're out and about

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

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Ask Paula: How Do I Pick the Right Mix of Investments for My Retirement Portfolio? Jul 06, 2020

Show notes

#264: An anonymous listener, whom we call “Mary,” is curious about the auto-rebalancing feature offered by M1 Finance. Is it too good to be true?

J isn’t happy with the target date retirement fund she chose for her 401k. She has limited options and is wondering: should she move funds around? If so, is now a bad time, considering the market volatility?

Another anonymous listener is wondering how to choose the right mix of investments for a retirement portfolio. She also wants tips on rebalancing a portfolio. And when should she execute a Roth conversion?

Tami has $160,000 in a G fund in her TSP. Should she move this money to a Lifestyle fund to increase her earnings?

Andy and his wife contribute the maximum to their children’s 529 accounts, and they have three investment options to choose from. Should they continue with an aggressive managed portfolio, or choose something less risky?

My friend and 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/episode264

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PSA Thursday: The History of the PPP -- and 4 Extra Relief Options for Entrepreneurs Jul 02, 2020

Show notes

Here's the sordid history of the Payroll Protection Program, plus four additional options for getting pandemic relief as an entrepreneur.

In this episode we share the following resources for small businesses:

Economic Injury Disaster Loans (EIDL)
Employee Retention Credit.
SBA 7(a) Program
Mainstream Lending Program

For more information, visit the show notes at https://affordanything.com/psa-thursday

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How to Build Financial Resilience in 2020, with Dr. Brad Klontz, financial psychologist Jun 30, 2020

Show notes

#263: It’s been a tough year, and we’re only halfway through it.

Today’s guest has insights and actions to help you build financial resilience in 2020. Not only will you emerge from the events of this year stronger, you’ll also face future personal challenges and economic downturns with more confidence and knowledge.

Our guest is Dr. Brad Klontz, a clinical psychologist and Certified Financial Planner. He’s the author of five books on the psychology of money, a founder of the Financial Psychology Institute, a managing principal of Your Mental Wealth Advisors, and a fellow of the American Psychological Association. He’s also a former associate professor of personal financial planning at Kansas State.

Dr. Klontz appeared on our show in April 2018 to discuss unhealthy attitudes towards money. We invited him back for his expertise on coping with recent situations and developing financial resilience

For more information, visit the show notes at https://affordanything.com/episode263

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Ask Paula: I'm Taking a Mini-Retirement in a Pandemic. What Should I Do? Jun 23, 2020

Show notes

#262: Tyson is taking a year off of work and plans to devote some of his time to domestic travel, volunteer work, and bolstering his rental property portfolio. He originally planned to travel internationally, but won’t due to the pandemic. How does this plan sound?

Jace is wondering whether she should take advantage of the low stock market prices or keep a larger emergency fund due to the pandemic. Which is the better option, given her goal of financial independence?

Jace also wants to know: where do you park your money after maxing out a 401k and Roth IRA?

Venkat had to relocate after living in a condo for one year. He rents out the condo, but he’s in the red. Should he sell this condo? If so, when?

TW has $250,000 in cash that he can use to either pay off his rental property or purchase two more properties. Which is the better option?

For more information, visit the show notes at https://affordanything.com/episode262

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PSA Thursday - Your Complete Guide to Donor Advised Funds Jun 19, 2020

Show notes

For more information, go to https://affordanything.com/tag/psa-thursday

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Why I Quit My Job in the Middle of a Recession -- Interview from Lessons from a Quitter Jun 15, 2020

Show notes

#261: I quit my job at the beginning of a recession and made it work. Two years ago, I did an interview with Lessons From a Quitter explaining how.

Given that so many community members want to leave their jobs for something better in the future, whether it's freelancing, self-employment, or early retirement, I'm re-airing the interview.

I hope my story sheds light on what's possible in the most inopportune times.

For more information, visit the show notes at https://affordanything.com/episode261

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PSA Thursday - How Does the CARES Act Impact Student Loans? Jun 11, 2020

Show notes

Welcome back to PSA Thursday, a mostly-weekly segment in which we talk about how to handle money, work, and life in the middle of a pandemic.

In this episode, we cover how to manage student loans in the midst of the pandemic with Travis Hornsby, a Chartered Financial Analyst and the founder and CEO of Student Loan Planner. He's an expert in the complex topic of student loans.

Travis shares deep insights into the changes that have occurred, and how those changes might alter the way you think about and manage your student loans going forward.

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Ask Paula: Should I Fire My Financial Advisor During a Pandemic? Jun 08, 2020

Show notes

#260: Katelyn wants to fire her financial advisor and move her investments from mutual funds into Vanguard index funds. Should she do this during the pandemic? Or should she wait?

Marisa asks: can you invest in a Roth IRA if your income is inconsistent and might exceed the cap?

Anonymous Moving-for-a-New-Job had a Simple IRA at her old job that she can no longer contribute to. She also can’t contribute to a 401k until she’s been at her new job for a year. Where should she put her money in the meantime?

Anonymous “Olivia” is interested in a Roth conversion ladder, but wants to know: does the pro-rata rule apply here as it does with a backdoor Roth conversion?

Mary received an $80,000 grant of RSUs from her employer when she started. These RSUs began to vest after one year, and the price per share has increased 44 percent. What should she do with the shares?

My friend and former financial planner Joe Saul-Sehy and I tackle these questions in today’s episode. Enjoy!

For more information, visit the show notes at https://affordanything.com/episode260

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