Afford Anything | Get Smarter With Money

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How Kids Affect Your Hustle (and it's Okay!) Jan 28, 2016

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#5: Paula wants to know how J. Money’s life has changed as a hustler since having kids.

For a while, J worked less and made less money.

"It was a conscious decision to not make as much money for a while. I was more than happy making less because I was working on stuff I cared about.

I also had a fear of being a work-a-holic and picking my hustle over my kids. Having kids forced me to have a work/life balance."

Leave comments, contact us, or find links to more of our stuff at http://themoneyshow.co/05

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Ultimate Beginner Guide to Real Estate Investing Jan 28, 2016

Show notes

#4: Paula shares a confession. Then she redeems herself by sharing her gross monthly income.

(Yeah. Listen from the beginning).

Full show notes at http://TheMoneyShow.co/04

There are a variety of ways to invest in real estate:

Flipping houses
Buy-and-hold
Tax liens
Wholesale
Income-producing rental properties (commercial and residential)

Paula loves residential rental properties.

Ask yourself: Do you want capital appreciation or cash flow from rental income?

Paula puts a few guidelines in place to determine if a property is right for her.

First of all, the monthly rent needs to be at least 1% of the total acquisition price.

Example: A $100,000 home would need to rent for $1,000 a month. Why? Because roughly half of the rent is gobbled up by operating overhead:

Taxes, Insurance, property management, and repairs/maintenance

Paula offers much more valuable information in this episode and on her blog, AffordAnything.com.

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Habits We Rock to Kick Ass and Grow Wealth Jan 28, 2016

Show notes

#3: Paula and J. Money share the financial habits they use to grow wealth.

Full show notes can be found at http://themoneyshow.co/03

Listen as they share their favorites (and a couple neat tricks):

Track Net Worth
Maximize retirement savings accounts
Pay bills at least 1 month in advance
Set up bills on auto-pay
Leave a buffer in your checking account
Round up debt payments
Double the principle payments of your mortgage

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Don’t Feel Guilty - Buy a Coke Zero and Pay Someone to Mow Your Lawn Jan 28, 2016

Show notes

#2: Once again, Paula and J. Money see things differently.

J. Money preaches budgeting, Paula practices the “anti-budget”.

J. Money examines every expense to find savings. A couple years ago he switched phone providers and saves $100 a month, $20 a month on insurance and $60 on cable.

Paula recommends saving at least 20 percent of your income first, then go wild with the rest; “Don’t feel guilty about spending money on Coke Zero or turtle food”

Who is right?

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The Story of M.O.N.E.Y. -- Having Heart and Hustle Jan 28, 2016

Show notes

#1: Becoming successful in finances takes more than M.O.N.E.Y. - it takes heart and hustle.

Meet Paula Pant and J. Money. Both worked day jobs before becoming successful bloggers.

They share their stories about buying a house before the market tanked, starting their side-hustles, and achieving "mini-retirement", at least for Paula.

We value your input. Please visit https://affordanything.com/episode-1-story-of-money-podcast to leave a comment.

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