242 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. Every decision is a trade-off against another choice.

But how deeply do we contemplate these choices? Are we settling for the default mode? Or are we ruthlessly optimizing around a deliberate life?

Host Paula Pant interviews a diverse array of entrepreneurs, early retirees, millionaires, investors, artists, adventurers, scientists, psychologists, productivity experts, world travelers and regular people, exploring the tough work of living a truly excellent life.

Want to learn more? Download our free book, Escape, at http://affordanything.com/escape

Afford Anything Paula Pant

    • Investing

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. Every decision is a trade-off against another choice.

But how deeply do we contemplate these choices? Are we settling for the default mode? Or are we ruthlessly optimizing around a deliberate life?

Host Paula Pant interviews a diverse array of entrepreneurs, early retirees, millionaires, investors, artists, adventurers, scientists, psychologists, productivity experts, world travelers and regular people, exploring the tough work of living a truly excellent life.

Want to learn more? Download our free book, Escape, at http://affordanything.com/escape

    The Art of Trusting Your Most Dangerous Ideas, with Ash Ambirge, The Middle Finger Project

    The Art of Trusting Your Most Dangerous Ideas, with Ash Ambirge, The Middle Finger Project

    #242: Ash Ambirge grew up in a trailer park in Pennsylvania. She never met her father. Her disabled mother, who raised her on government assistance, passed away when she was 20.
    Her childhood goal? To join the middle class. She dreamed of becoming one of those people who eats lemon pepper chicken. What’s more middle-class than that? 
    She attended college on a full scholarship. When she graduated and accepted her first cushy office job, earning $30,000 per year, she blew her paychecks. She bought a brand-new car, rented a luxury apartment and financed a $5,000 mattress. Yet despite her material luxury, she felt that some important element was lacking.
    In her quest to find meaningful and creative work, she launched The Middle Finger Project, a company that teaches skills like entrepreneurship, battling perfectionism, and trusting your most dangerous ideas. 
    She joins us on today’s podcast episode to share her incredible story about struggling to join the middle class, shrugging off a conventional career, and trusting her most dangerous ideas.
    For more information, visit the show notes at https://affordanything.com/242

    • 1 hr 12 min
    Ask Paula: Should I Raid My Retirement Savings to Pay for School?

    Ask Paula: Should I Raid My Retirement Savings to Pay for School?

    #241: Anton wants to accelerate his flight training so he can get hired within two to three months, rather than two to three years. He has to raid his retirement savings to achieve this. Should he?
    Linda and her husband have their eyes on early retirement, but they aren’t sure what their post-retirement lifestyle will cost. How can they budget for unknown expenses that include travel?
    Joseph contributes 15 percent of his income to both a Roth 457b and Roth IRA. He wants to retire before age 59.5. Given his early retirement goal, should he focus solely on his Roth 457b?
    Henry wants to know how rebalancing and dollar cost averaging interact with each other. Should he rebalance his all-equities portfolio? If so, what approach should he take?
    Joe maxes out his 401k and IRA each year. He can make after-tax 401k contributions, or fund his Vanguard taxable brokerage account. Which should he prioritize?
    As usual, my friend and former financial advisor, Joe Saul-Sehy, joins me on the show to answer these five listener questions. Enjoy!
    For more information, visit the show notes at https://affordanything.com/episode241

    • 1 hr 26 min
    10 Questions to Master Successful Investing, with David Stein

    10 Questions to Master Successful Investing, with David Stein

    #240: Are you investing, speculating, or gambling?
    What are the three drivers of asset performance?
    Are you aware of who’s getting a cut from your investments?
    Do you even know who’s on the other side of the trade?
    David Stein is the author of Money for the Rest of Us, a book that answers these questions. He’s the former Chief Investment Strategist & Chief Portfolio Strategist at Fund Evaluation Group, a $70 billion investment firm. If you’re thinking of adding a new investment to your portfolio, David’s investment philosophy and framework can help you avoid expensive mistakes.
    For more information, visit the show notes at https://affordanything.com/episode240

    • 1 hr 18 min
    Ask Paula: Should I Put My Student Loans in Forbearance? Should I Buy a Vacation Rental? and More

    Ask Paula: Should I Put My Student Loans in Forbearance? Should I Buy a Vacation Rental? and More

    #239: Lo is in a good spot with her career, but she’s struggling with a ton of student loan debt, and consequently, credit card debt. What should she do to manage it?
    Anonymous wants to know how to set up a backdoor Roth IRA.
    Eric and his wife own a property in Savannah, GA that brings in more money as an Airbnb than a traditional rental. They want to invest in more properties and are wondering if this model is the best path to take.
    James wants to own a vacation rental in the Vermont mountains that he can use when it’s vacant. What features or qualities would make a profitable vacation rental? What red flags should be on his radar?
    Ayesha is looking at buying a rental property that has a partial HUD claim on it. What kind of complications should she anticipate? Or should she let this property go completely?
    Shelbi and her husband own a rental property that they purchased for $178,000 that’s now valued at $300,000. They’re looking at a multitude of options - sell it, move into it, or keep it. What’s best given their FIRE goal?
    For more information, visit the show notes at https://affordanything.com/239

    • 1 hr 21 min
    How to Stop Making So Many Money Mistakes, with Jeff Kreisler

    How to Stop Making So Many Money Mistakes, with Jeff Kreisler

    #238: “If I had more willpower, I’d achieve my financial goals.” “I’m doomed to fail with money.” “I’m horrible for not keeping to a budget.”
    These are common thoughts, but they’re erroneous.
    You can’t willpower your way through money management, you’re not doomed to fail, and you’re not horrible for blowing your budget.
    You’re human, and humans make emotional decisions.
    Those emotional decisions don’t have to mean a financial death sentence, though.
    Jeff Kreisler, co-author of Dollars and Sense and Editor-in-Chief of PeopleScience.com, tells us how we can avoid common money mistakes and rewrite our financial future.
    For more information, visit the show notes at https://affordanything.com/238

    • 1 hr 6 min
    Ask Paula and Joe -- Should I BUY a Business, Instead of Starting One?

    Ask Paula and Joe -- Should I BUY a Business, Instead of Starting One?

    #237: Katie wants to know how to purchase a business that’s already cash-flow positive. What indicators can she look for?
    Rob will retire from the military with an inflation-adjusted pension. Does he need a bond allocation in his investment portfolio?
    Brian conquered a large sum of credit card debt, but still has student loan debt and a mortgage. Should he pay off his student loans, refinance them, or refinance his mortgage?
    Jeff is curious about the pros and cons of investment apps. When should you use them?
    Another Kati (without an e!) wants to live a healthy and wealthy life before she’s 70. Where should she allocate her savings so she can retire early?
    We answer these five questions in today’s episode.
    For more information, visit the show notes at https://affordanything.com/episode237

    • 1 hr 24 min

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