Happy New Years! We’re kicking off this year on a bright and cheerful note — with a conversation about the impending recession! Yay! The U.S. stock market is at a peak, continuing its 9-year bull run. The markets have been rising since March 2009 without any major corrections or pullbacks. We are living in one…
Happy holidays! I thought it would be nice to wrap up this year with a lighthearted holiday episode about the importance of keeping a positive attitude. Will Bowen, my guest on the final episode of 2017 (wow!), started a campaign to motivate people to complain less. He noticed that many people in his community said…
Former financial advisor Joe Saul-Sehy joins me to answer audience questions about investing strategies, early retirement, and tax planning. Whitnee asks: I’m 31, and my husband and I save half of our combined income. We’ve maxed out our H.S.A. accounts and we’re getting an employer match in our 401k. We have $80,000 stashed as cash…
Scott Harrison spent 10 years as a New York City nightclub promoter, partying until sunrise every morning and ingesting almost every substance imaginable. But when he was 28, he realized his life lacked meaning. “My tombstone might say, ‘here’s the guy who got thousands of people drunk,’” Harrison said. Feeling lost, he decided to volunteer…
How do you search for rental properties out-of-state? Should I offer a lease-option contract to my friends? How can I estimate repair and maintenance costs? And can you deep-dive into bookkeeping and taxes for rental real estate? I tackle these four questions in this episode of Ask Paula – real estate edition. Saul from Salt…
A.J. Jacobs is the Editor-at-Large of Esquire Magazine and the New York Times bestselling author of multiple books. His three TED Talks have collectively garnered more than three million views. He describes himself as “a father of three, husband of one, and cousin to millions.” And he’s probably your cousin. Twice removed. AJ joins me…
This week, I answer 4 questions about quitting a depressing job, learning how to ask probing questions, saving for a downpayment, and more. Edward asks: How can I learn from other people around me? I’m 28, and my wife and I have some money that we’d like to invest. We know people who’ve had both…
Brandon always wanted to be wealthy. He just didn’t know why. “I don’t like fancy cars, and big houses just seem inefficient,” he said. “I just wanted to have money to manage.” But in 2011, Brandon discovered the concept of financial independence. “That just blew my mind — it was just like, oh, I can…
On today’s podcast, I’m sharing this random smattering of lessons on money and life.⠀ 1) Simplify everything.⠀ 2) Risk = Probability x Magnitude.⠀ 3) Curate.⠀ 4) Never delay gratification.⠀ 5) Know your net worth, relative to your lifetime earnings.⠀ 6) Don’t half-ass anything. (Whole-ass a few things.)⠀ 7) When you’re not at work, don’t…
Here’s the funny thing: I hate flying. ⠀ Yet I’ve taken 18 flights in the last 9 months. Including one Wednesday. And my next flight is today.⠀ ⠀ To be clear — I’m not afraid of flying. I just don’t enjoy it. It’s noisy. It’s cramped. I can’t sleep. I can’t concentrate. I feel drained…