547 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 Cumulus Podcast Network

    • Business

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 to Master the Psychology of Persuasion, with Michael McQueen

    How to Master the Psychology of Persuasion, with Michael McQueen

    #510: Maybe you’re trying to convince:
    – Your spouse | to embrace the FIRE movement.
    – Your teenage kids | to invest some of their summer job money in stocks.
    – Your neighbor | to sell you their house in a private, off-market deal.
    – Your boss | to give you more vacation time.
    – Your client | to pay you more.
    Today’s episode is about how to change minds, build trust, navigate conversations, and influence and persuade others.
    We chat with Michael McQueen, a social researcher, strategist, and the author of 10 books.
    He’s spoken alongside Bill Gates, Apple co-founder Steve Woznick and Dr. John C. Maxwell, and was named Australia’s Keynote Speaker of the Year. His latest book, Mindstuck, focuses on how to be more persuasive.

    Here are some of the ideas we cover:
    Stubbornness: We tend to be stubborn because of our inherent desire to protect our existing beliefs and identities. This is partly due to the fact that the human mind has a tendency to make quick judgments and resist challenges.

    Logical Fallacy: People often rely on confirmation bias and tribalism when evaluating information. We tend to favor information that aligns with our existing beliefs and groups we identify with.

    Complexity over Extremes: When presented with opposing viewpoints, exposure to extreme viewpoints can – counterintuitively – make people more entrenched in their own beliefs. Introducing complexity and nuance can foster a more open-minded approach.

    Here are some of his tips:

    Uncover the Hidden Fear

    Address the Loss Aversion

    Use "Right and Reflect" to Get People Talking

    Build Rapport and Choose the Right Moment

    Frame Your Message for Impact

    Move Beyond Persuasion and Focus on Progress


    McQueen elaborates on these tips in today’s podcast episode. Enjoy!
    For more information, visit the show notes at https://affordanything.com/episode510
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    • 53 min
    I’m Retiring at Age 34 and a Half!

    I’m Retiring at Age 34 and a Half!

    #509: Rob wants to retire early, but a real estate investment led to $30,000 of credit card debt. Should he take on more debt to pay it off?

    An anonymous return caller took Paula’s advice and ran with it, doubling her income within a few years. Should she update her investment strategy now that she’s in a higher tax bracket?

    Humaira is tired of paying rent with nothing to show for. Can she leverage some benefits by using her credit card to pay the bills?

    Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.

    Enjoy!

    P.S. Got a question? Leave it at https://affordanything.com/voicemail

    For more information, visit the show notes at https://affordanything.com/episode509
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    • 44 min
    Stanford Researcher Dr. Mary Murphy on How to Cultivate a Growth Mindset

    Stanford Researcher Dr. Mary Murphy on How to Cultivate a Growth Mindset

    #508: Recently I chatted with Stanford researcher Dr. Mary Murphy, a renowned expert in the field of psychological and brain sciences.

    Dr. Murphy, who is a Professor at Indiana University and conducts research at Stanford University, shared insights into the concepts of fixed mindset and growth mindset.

    We deep dived into her extensive research on how these mindsets impact motivation, performance, and relationships at work and home.

    She conducted research alongside legendary psychologist Dr. Carol Dweck, who created the original studies around fixed vs. growth mindset.

    If you’ve ever read about fixed vs. growth mindset in the past, you’ve undoubtedly heard of Carol Dweck, who is legendary in the space. Dr. Dweck mentored Dr. Murphy at Stanford, the university from which Dr. Murphy received her Ph.D.

    Dr. Murphy's insights can help you cultivate a growth mindset to overcome challenges and achieve your goals.
    If you want to improve your performance — at work, at home, at the gym, as a world traveler, as an investor, or in any other domain — understanding the research behind mindset is critical.

    Enjoy!
    For more information, visit the show notes at https://affordanything.com/episode508
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    • 54 min
    How One Ex-Inmate is Building a Better Future

    How One Ex-Inmate is Building a Better Future

    #507: Robert was recently released from prison and wants to start his life on the right foot. What’s Joe and Paula’s advice for him?

    Suzy is excited to deploy her first corporate bonus but scared to invest everything in a lump sum. Should she stick with what’s worked in the past and just dollar cost-average?

    Meghan doesn’t understand how stock pricing affects capital appreciation. Is it always better to buy when share prices are low?

    Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.

    Enjoy!

    P.S. Got a question? Leave it at https://affordanything.com/voicemail

    For more information, visit the show notes at https://affordanything.com/episode507
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    • 1 hr 1 min
    MadFientist: Life is Too Short to Wait for Someday

    MadFientist: Life is Too Short to Wait for Someday

    #506: "Today's guest, Brandon Ganch, also known as the MadFientist, reached Financial Independence (FI) and quit his job as a software developer at 34. But then he faced a vexing question: what should he do with the rest of his life?

    In this episode, Brandon shares his journey with FI, revealing the gap between the ideal life you envision on spreadsheets and the reality that unfolds. He talks about reaching FI sooner than planned, having more money than anticipated, and the adjustments he had to make to his lifestyle. It's a refreshingly honest look at FI that goes beyond the numbers.

    We also dive into the changing landscape of work and the impact of automation, artificial intelligence and machine learning. Brandon talks about what he would do differently if he were in his 20's, and shares valuable insights on tools you can use to stay relevant and future-proof your career.

    You'll enjoy this if:

    -- You're on the FI path and want to ensure your plans are flexible enough for life's surprises
    -- You're curious about the unexpected realities of achieving FI
    -- You're concerned about automation impacting your job security

    For more information, visit the show notes at https://affordanything.com/episode506
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    • 1 hr 7 min
    Harvard Dropout Builds Nation’s First Car-Free Utopia, with Ryan Johnson and JD Roth

    Harvard Dropout Builds Nation’s First Car-Free Utopia, with Ryan Johnson and JD Roth

    #505: Ryan Johnson isn't your average CEO. He's a visionary reimagining city life, one car-free community at a time.
    In this episode, we chat with Ryan, the co-founder of Culdesac, about building walkable neighborhoods designed for human connection, not just traffic.
    We'll dive into his experience with Opendoor, his passion for electric bikes (he owns over 60!), and his audacious plan to revolutionize urban living.
    Buckle up (or maybe don't) for a conversation about the future of cities, the power of community, and why you might not need a car ever again.

    For more information, visit the show notes at https://affordanything.com/episode505
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    • 58 min

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