445 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
    • 4.7 • 3.1K 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.

    Ask Paula: I Think I Can Retire Early. Am I Crazy?!

    Ask Paula: I Think I Can Retire Early. Am I Crazy?!

    Amanda is worried that her recently diagnosed health condition might force her to stop working. How should she financially prepare her family?
    Anonymous is a savvy DIY investor who wants to retire early and is wondering if she should hire a financial advisor.
    Should Krista tap into the equity from one of her rentals to rebalance a portfolio that is weighted heavily in real estate?
    Natasha thinks she and her husband have saved enough to retire early but it feels scary. Is she truly ready or is she nuts? 
    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/episode414
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    • 1 hr 15 min
    Why We’re Paying Attention to the Wrong Things, with Dr. Daniel Crosby

    Why We’re Paying Attention to the Wrong Things, with Dr. Daniel Crosby

    #413: If an idea dominates the headlines, we notice it.
    But maybe we shouldn’t.
    Today’s guest, psychologist and behavioral finance expert Dr. Daniel Crosby, says there’s a difference between a prediction that gets repeated, and one that’s likely to unfold. 
    What’s salient isn’t accurate, he says. And vice versa. 
    He also talks about how money problems have morphed over time. He chats about how our evolutionary wiring is at odds with our goals. And he even discusses how we’re wired to be ‘lazy’ – and how to work with that tendency instead of fighting an uphill battle against it.
    Dr. Crosby researches the intersection of mind and markets. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology impact our investment choices. 

    Timing of discussion points as of December 2022:
    03:10: The overlap between psychology and investing + new ideas
    04:41: Counterintuitive behavioral finance discoveries 
    07:27: Money as a “hygiene factor”
    08:39: The “new class” of money problems for the more affluent
    13:44: Factors that impact our financial decisions
    15:22: The influence of evolutionary wiring 
    17:02: Cognitive and physical wiring leading to laziness and group think
    27:45: The benefit of community for investors
    28:52: The four types of behavioral risk: ego, conservatism, attention, and emotion
    36:21: The three E’s of behavior change: education, environment, encouragement
    42:30:  Confusing things that are loud with things that are likely
    45:21: The risk of managing emotion

    For more information, visit the show notes at https://affordanything.com/episode413
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    • 57 min
    Ask Paula: Should I Repay Debt or Invest?

    Ask Paula: Should I Repay Debt or Invest?

    #412: Taylor recently graduated. She wants to reach financial independence as soon as possible. What should she do first: invest or repay low-interest debt?
    Carter doesn’t want to pay too much for his investments. He’s worried about the tax drag. He wants to know how to improve cost efficiency in his portfolio. How should he manage decisions about basis points, dividends and capital gains?
    Our first anonymous caller has been working and investing for a decade. Today her portfolio is large enough that she and her husband can finally take a mini-retirement.
    They’d like to rebalance their portfolio. They want it to reflect the fact that they won’t be working for a while. They’d also like to calculate how much money they need to travel with their children. How should they handle this?
    Our second anonymous caller is worried that their portfolio is out-of-whack. Their money is in a target date retirement fund. They’d like to move some of it to a three-fund portfolio. But this is a scary time to sell. Stocks are low. What should they do?
    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.
    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    • 1 hr 8 min
    Invest Anywhere: Learn About a City Like an Expert

    Invest Anywhere: Learn About a City Like an Expert

    #411: In the final installment of this two-part mini-series, we walk you through becoming a subject matter expert in your investment city of choice.
    We discuss who you should talk to, where you can find them and what you should talk to them about.

    Timing of discussion points as of November 2022:
    06:11: Who you should talk to 
    10:09: Why conversations with non- real estate professionals are important
    11:49: Where to meet other real estate investors
    13:19: Expanding your network, character due diligence and making friends
    13:59: Thinking through others cognitive biases
    15:56: Potential implications of neighborhoods with “good cash flow”
    20:57: An example of objective feedback
    29:40: Dumpsters, sewers, permits and problems: Other specifics to discuss

    For more information, visit the show notes at https://affordanything.com/episode411

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    • 38 min
    The Routine Habits of Breakthrough Thinkers, with Jeremy Utley

    The Routine Habits of Breakthrough Thinkers, with Jeremy Utley

    #410: You face plenty of problems.
    But you have a scarcity of good solutions.
    Stanford Professor Jeremy Utley can help.
    He says that solving complex problems requires creativity. And creativity comes from deliberate practice.
    It’s not an innate talent. It’s a skill. And it’s useful in any occupation, from accounting to zookeeping.
    Jeremy speaks and writes on the history of invention, discovery, creativity, and innovation. He also leads Stanford d.school's work with professionals.
    Today he talks to us about how some of the greatest innovators produce new ideas. He tells us about their creative process.
    He describes how researchers and authors improve their skills.
    And he shares pointers to help you understand how to do the same.

    Timing of discussion points as per November 2022:
    3:00: How to focus while staying open to creativity
    6:23: Definition of creativity
    14:02: Different cognitive biases faced
    17:35: The idea quota
    19:28: Where ideas come from: the Lego analogy 
    21:32: How Ben Franklin honed his creativity
    28:36: Capturing inspiration
    46:04: The importance of reviewing the problems in your life
    50:24: The roles of creative collaboration and distributed reasoning
    54:49: The argument for quantity over quality 
    56:07: The value of bad ideas

    For more information, visit the show notes at https://affordanything.com/episode410
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    • 1 hr 8 min
    Ask Paula: Should I Sell My Rentals to Buy More Stocks?

    Ask Paula: Should I Sell My Rentals to Buy More Stocks?

    #409: Liz and her husband are planning to retire in 5 to 10 years. They have rental income properties, but Liz is bored of managing these, and she’s intrigued by the idea of buying stocks at a discount when the market is low. Should she sell her rental properties and use the money to buy stocks instead?
    Rebecca is a high income earner and thinking about investing in a Roth 401k … but she’s scared of how much she’ll have to pay in taxes. Should she do it anyway?
    Anonymous made big changes last year: she got a new career AND sold a house! Now she needs help figuring out capital gains and lowering how much she’ll have to pay in taxes … and she won’t have access to her company’s 401K for most of the year.
    Kyle and his wife are moving into their dream home! What should they do with their current place?
    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
    Learn more about your ad choices. Visit podcastchoices.com/adchoices

    • 1 hr 7 min

Customer Reviews

4.7 out of 5
3.1K Ratings

3.1K Ratings

Emilianmiles ,

Yes yes yes

Paula has made financial learning fun, interesting and tangible. I enjoy the thoughtful rhetoric between her and the guests/ callers. I really enjoy listening to her thought process and her ability to go from wide angle lens to a zoomed in, detailed answer. I have learned so much over the past two years and gained confidence in entering the rental space (3 rental properties and counting). I look forward to her podcast each week.

Cc12347 ,

Best podcast out there

Paula is such a talented interviewer. She dives deep into finance, life, and what really matters while also breaking down and explaining complicated concepts in a way that shows true mastery of her content.

Sohodoc ,

Paula Pant is amazing.

Heard you on the White Coat Investor and loved your thought process. You have verbalized that it’s not just money that has value — it is our time, energy, focus and concentration. There are a lot of podcasts in the finance/personal finance space and so much of it is a repackaging of things we have already heard that is is disingenuous or ick and fake. Your podcast is rigorous, thoughtful well researched. You have an amazing ability to really listen and then distill the key points for your listeners. Loved the podcasts about Inflation 101, the one with Jen Sinchero and especially the one about Happiness at work: your explanation about imposter syndrome and how it affects high achieving people was just amazing. I have it saved and forward it to friends colleagues and other physicians and students that I educate and mentor. Also appreciate the honesty about your own experience when getting into the Columbia School fellowship. Please continue to talk about your fellowship. Want to hear about your findings from your dissertation on cryptocurrency. My time is valuable and your podcast and the WCI are the only ones I really listen to as a lifelong learner of this stuff! Keep on keeping on!

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