434 episodes

You can afford anything, but not everything. We make daily decisions about how to spend money, time, energy, focus and attention – and ultimately, our life.
How do we make smarter decisions? How do we think from first principles?
On the surface, Afford Anything seems like a podcast about money and investing.
But under the hood, this is a show about how to think critically, recognize our behavioral blind spots, and make smarter choices. We’re into the psychology of money, and we love metacognition: thinking about how to think.
In some episodes, we interview world-class experts: professors, researchers, scientists, authors. In other episodes, we answer your questions, talking through decision-making frameworks and mental models.
Want to learn more? Download our free book, Escape, at http://affordanything.com/escape. Hosted by Paula Pant.

Afford Anything Paula Pant

    • Business
    • 4.7 • 67 Ratings

You can afford anything, but not everything. We make daily decisions about how to spend money, time, energy, focus and attention – and ultimately, our life.
How do we make smarter decisions? How do we think from first principles?
On the surface, Afford Anything seems like a podcast about money and investing.
But under the hood, this is a show about how to think critically, recognize our behavioral blind spots, and make smarter choices. We’re into the psychology of money, and we love metacognition: thinking about how to think.
In some episodes, we interview world-class experts: professors, researchers, scientists, authors. In other episodes, we answer your questions, talking through decision-making frameworks and mental models.
Want to learn more? Download our free book, Escape, at http://affordanything.com/escape. Hosted by Paula Pant.

    How I Reached Financial Independence Through Real Estate – With Chad Carson

    How I Reached Financial Independence Through Real Estate – With Chad Carson

    #403: September Sabbatical continued! If you’ve been listening to the show for the past few years, then you know that we’ve entered our September Sabbatical, where the team takes a break from podcast production and airs a few of our favorites from the 400+ episodes we’ve aired to date.
    F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship.
    This September, we’re running four weeks of episodes focusing on each of these four pillars. Today’s episode is focused on real estate.
    —-------------------------------------------------------------------------------------
    Chad Carson’s friends called him a “nerdjock.”
    When former college football linebacker Chad Carson graduated from Clemson University, he decided to start a business. But he didn’t have any money.
    He was a 235-pound athlete who attended college on a football scholarship. He graduated debt-free with $1,000 in savings from various odd jobs. He wanted to become an entrepreneur, and he knew he was starting from zero.
    As Chad viewed it, starting from zero meant he had nothing to lose.
    He started jogging around local neighborhoods near the university. Whenever he noticed a property in disrepair, he’d ask if it was for sale.
    If he noticed a ‘For Sale by Owner’ sign in the yard, for example, he’d dial the number.
    If he noticed a home with an overgrown lawn and no curtains in the windows, he’d leave a note on the door, or he’d knock on the neighbor’s doors to get the owner’s phone number.
    By doing this, Chad started a real estate wholesaling business. He’d find off-market properties, enter into a sales contract with the owner, and then ‘flip’ the contract to an investor. He earned around $5,000 for each deal.
    The benefit to a wholesaling business, Chad discovered, is that he could get a foothold inside the real estate industry without much access to capital. He was a recent college graduate without any official employment, so most banks weren’t interested in offering him loans. Wholesaling gave him a start in the industry.
    But after awhile, he wanted to chase bigger deals. He and a business partner decided to start flipping houses themselves. They earned profits of around $20,000 to $30,000 for each deal.
    While this was great, Chad wanted to transition into something that would provide a steady, stable income stream. He was running an active business; he wasn’t accumulating a portfolio of passive investments.
    He and his business partner stopped flipping homes and began accumulating buy-and-hold rental properties. Today they have 90 units between the two of them.
    A few years ago, Chad realized that the passive income from his investments made him financially independent. He and his wife decided to enjoy their newfound freedom by moving to Ecuador with their two children, ages 3 and 5.
    They spent 17 months living in Ecuador, learning Spanish and enjoying a slower pace of life. They recently returned to the U.S. and are considering moving to either Spain or Germany — or maybe Colorado? — for their next adventure.
    In today’s episode, Chad and I discuss real estate, financial independence, and international travel with children.
    Enjoy!
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 1 hr 12 min
    The Psychology of Money, with Morgan Housel

    The Psychology of Money, with Morgan Housel

    Do you wrestle with the idea of leaving your savings in an account earning next to nothing versus investing it in the stock market?
    Do you use investment strategies that allow you to work with your nature, rather than against it?
    Are you careful to seek investment advice from those who share your investment goals, or do you get caught up in the trends of day traders?
    Morgan Housel, author of The Psychology of Money, joins us to discuss why investing is not the study of finance, but the study of how people behave with money. Morgan is an award-winning financial journalist, former columnist for the Wall Street Journal and The Motley Fool, and one of the foremost thinkers in the world of investing.
    As a long-term investor who shares our buy-and-hold philosophy, Morgan has behavioral finance insights that can help us invest for financial independence with more clarity and a better understanding of ourselves.
    We discuss how to develop self-awareness around biases, the importance of flexibility for long-term strategies, saving like a pessimist and investing like an optimist, becoming durable in the face of market adversity, the key difference between patience and stubbornness (and how it affects your mindset), expectation management, the importance of bonds and emergency funds, and a difficult lesson about tail risks that Morgan learned at age 17.

    You’ll enjoy this episode if…

    You’re super Type A with your investment portfolio and have a hard time letting go of plans that didn’t work out

    You want to learn a framework that can help you roll with the inevitable punches of the stock market

    You feel behind and have no idea how to develop a sense of what ‘enough’ is

    You’re tired of trying to overcome your inherent biases and reactions to the market and want to try something different


    For more information, visit the show notes at https://affordanything.com/episode402
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 1 hr 10 min
    You are a Badass at Making Money, with Jen Sincero

    You are a Badass at Making Money, with Jen Sincero

    #401: It’s September! If you’ve been listening to the show for the past few years, then you know that I’m on what I’ve dubbed my September Sabbatical, in which I’m taking a break from podcast production.
    F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship.
    This September, we’re running four weeks of episodes focusing on each of these four pillars. Today, we kick off with an episode focused on financial psychology.
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 1 hr 2 min
    #400: The Lies Told About Early Retirement

    #400: The Lies Told About Early Retirement

    Today we’re sharing three talks given at the EconoMe conference, with each of these talks relating to F.I.R.E.
    The three discussions are:

    FI-Landia is a lie - What I Learned On My Journey To F.I.R.E., with Carl Jensen

    What If You Achieve All Your Goals But You’re Still Not Happy, with Rich Jones

    How To Never Again Say, “I Can’t Afford It”, with Paula Pant


    Details below:
    Carl Jensen:
    05:27: Session begins
    08:02: Sharing the message of financial independence and being hit with the “What If’s”
    12:24: The concern about running out of money
    20:16: The real value of fire

    Rich Jones:
    32:50: Session begins
    35:55: The importance of knowing who you are, what you want, and why
    39:36: Day jobs: love vs. purpose
    43:26: Why you should track your work
    46:18: How to think like a recruiter
    51:44: Why giving yourself permission could be your game changer

    Paula Pant:
    59:34: Session begins
    1:02:21: The importance of reframing the word “can’t”
    1:10:29: Traditional budgets, zero based budgets and anti budgets
    1:19:49: The benefit of high friction activities 

    * Timestamps accurate as of September 2022. Starting 60 days after episode release, timestamps may shift slightly as we make updates and changes
    **The next EconoMe will be held March 17th-19th 2023, in Cincinnati, Ohio. For more information or 10% off tickets, please go to: EconoMe Conference and use discount code: AFFORDANYTHING.
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 1 hr 28 min
    Ask Paula: The stock market is down - Can I still retire?

    Ask Paula: The stock market is down - Can I still retire?

    #399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned?
    Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value…but he is still wondering if there’s a chance that he should sell.
    Meisha is making more money at her new job but can’t contribute to her 401(k) for the first six months - what should she do with her extra money in this interim??
    Kyria is a young investor with multiple goals: she’s wondering how to best save for a downpayment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side.
    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.
    For more information, visit the show notes at https://affordanything.com/episode399
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 1 hr 12 min
    How To Travel For (Almost) Free, with Chris Hutchins

    How To Travel For (Almost) Free, with Chris Hutchins

    #398: Chris Hutchins is an avid life hacker, a financial optimizer and the host of the top ranked podcast “All The Hacks”, where he shares his quest to upgrade his life without having to spend a fortune.
    These passions have led him to being featured in a documentary on financial Independence called “Playing with FIRE” and collecting millions of points and miles.
    If you want to learn more about optimizing your spend so that you can travel with less of an impact to your bank account, you’ll want to hear what Chris has to say.

    Timing of discussion points as per August 2022:
    04:13: Is travel hacking a good use of time?
    08:15: What is the simple path to optimizing spend?
    09:108: Why focus on one rewards program?
    10:46: Why are there recommendations for transferable point programs and what are the benefits of co branded cards?
    18:08: How can the value of points or miles be estimated?
    22:08: Is the best redemption value in booking business class international flights?
    32:34: How do you know the best flight to book for optimal redemption?
    37:00: What is the difference between airline miles and credit card points?
    38:25: What is a “positioning” flight and how do I utilize this strategy?
    47:42: What is the process for choosing flights based on reward redemptions?
    57:15: What are the best ways to boost an existing points balance?
    1:02:12: Discussion on credit cards with crypto rewards…
    1:04:17: Tips for those who want deals but don’t want to work with miles or points…

    For more information, visit the show notes at https://affordanything.com/episode398
    Learn more about your ad choices. Visit megaphone.fm/adchoices

    • 1 hr 13 min

Customer Reviews

4.7 out of 5
67 Ratings

67 Ratings

Twinksmum ,

Thanks Jack

Enjoyed listening to this podcast about the brief history of Jack Bogle the father of index fund investment. Thank you.

Woot woot ,

Paula is great

I love this podcast and the different format for each show. It’s nice to have both the interview format and the questions and answers. It’s light hearted but also a good listen with lots of information.

RoisinUk ,

Empathy for your fellow human❤️

I am so impressed that you have such obvious empathy for your fellow humans whether or not they are commercially successful. Your ethical investment episodes are brilliant. I’m using Wealthsimple to invest instead of Vanguard as their shareholders keep voting to keep funds in fossil fuels which is sustaining those markets rather than focussing funds towards more sustainable options. I wish you well. I am delighted you are kind enough to share your excellent insightful content for free and I find your ads on awful and interesting. So pleased you are recovering from Covid. Take care 🙏🏻

You Might Also Like

StackingBenjamins.com | Cumulus Podcast Network
The Unstuck Network
Jordan Grumet (Doc G)
The Mad Fientist
BiggerPockets
Clark Sheffield, CPA and Jace Mattinson, CPA