Written By Paula Pant
Myth: You need to buy investment real estate in the same city where you live.
Reality: You’re free to buy investment real estate anywhere 👏🏽 you 👏🏽 damn 👏🏽 well 👏🏽 please.
When you choose a location for your rental property, you’re looking at two critical factors: returns and affordability.
Two metrics that express this […]
Written By Paula Pant
“OMG I missed it. I should’ve bought two years ago.” “Am I too late? Are all the good deals gone?” “Look at how much cheaper it used to be. I’m priced out now.” “Isn’t my best bet to wait for a crash?”
Oh my dear friend.
Those sound like remarks made today … […]
Written By Paula Pant
The stock market is hitting new highs. What should we make of this?
This week, the S&P 500 reached yet another record high — marking its fourth consecutive day reaching a new all-time high.
Last Friday (the first of these four consecutive trading days) marked the first time in two years that the S&P 500 […]
By Paula Pant
Kristen’s financial advisor charges a 1.3 percent fee on her investments. They also sold her term life, whole life, and long-term disability insurance. Do they have her best interests at heart?
Casey has $290,000 in student loan debt. He committed 10 years to one employer for a chance at public service loan forgiveness. But five years in, Casey questions what he’s missing out on.
Sara feels like it’s time to move to a more conservative asset allocation but she’s torn between buying bonds from Vanguard or Treasury Direct. What’s the difference anyway?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
P.S. Got a question? Leave it here.
By Paula Pant
Competitive. Results oriented. Driven to be the very best.
These are a few ways to describe achievement culture.
Achievement culture can also be described as stressful, high pressure and unhealthy.
Yet, there is consistently the pressure – internally and externally – to make more money, be a better parent, spouse, friend, or employee. These burdens comes at a heavy cost to our well-being.
Jennifer Breheny Wallace, author of the New York Times Best Seller “Never Enough: When Achievement Culture Becomes Toxic – and What We Can Do About It” shares with us how to manage our need for success AND how to avoid the toxic traps that can accompany obsession with success.
She offers insights into the consequences of this culture on individuals’ mental health, and overall well-being, while also discussing practical solutions to common challenges.
If you’ve ever felt the burn of trying to do it all, or if you just want a smarter way to navigate success without losing your sanity, the insights shared in this interview will help you develop a more fulfilling and balanced life.
Written By Paula Pant
Hey Afforders —
Three stories today:
One about Charlie Munger, one about Taylor Swift, and one about a NASA astronaut who also starred (no pun intended) on the Big Bang Theory.
Charlie Munger’s Deathbed Regret
A few weeks before he died, Charlie Munger was asked if he […]
By Paula Pant
A caller named “M” wonders if liquidating stocks for a larger down payment makes sense in a high-interest rate environment.
An anonymous caller wants to take a pay cut to pursue his passions. But 75 percent of his net worth is in real estate. Is this too risky?
Tiffanie hasn’t saved enough for early retirement, but she has a plan to use home equity to accelerate her goals. Is this going to work?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
Written By Paula Pant
This week’s Afford Anything blog post is a well-balanced diet:
Robert Kiyosaki predicts a massive crash — [philosophical] Sobering stats about the housing market — [analytical] Secret strategies to save on seasonal shopping — [practical]
The Robert Who Cried Wolf
Famed investor Robert Kiyosaki, author of Rich Dad, Poor Dad, recently caused an […]
By Paula Pant
Predicting the stock market is a terrible idea.
But we can look at economic indicators and upcoming events to get a big-picture, 30,000-foot view of where our economy might be heading in 2024.
In today’s episode, we explore what’s in store for 2024.
We talk about the recent surge in Bitcoin prices, and the expected […]
By Paula Pant
The death of a sibling.
Being declared dead after a head-on collision with a drunk driver.
Suffering financially during the Great Recession.
CANCER.
Today’s guest, Hal Elrod, has battled all of these tough challenges.
His little sister passed away in his mother’s arms. Years later, Hal was hit by a drunk driver, broke 11 bones, declared dead, and once revived, learned that he might have to spend the rest of his life in a wheelchair. (He eventually regained his ability to walk.) And after that, he was slammed hard in the wallet during the Great Recession.
But he’s a fighter. He needed to develop practices to build his resilience.
So Hal created “The Miracle Morning,” a morning routine practice that gained massive popularity when he released it in 2012.
The six-step Miracle Morning routine is coined S.A.V.E.R.S. — silence, affirmations, visualization, exercise, reading, and scribing (writing).
The routine became wildly popular, in part due to its flexibility; Hal explains that time-crunched people can start this as a six-minute routine; dedicating just ONE minute to each of these six steps. Over time, people can see the positive changes that this makes, and expand the time they allot for this.
The routine is now the subject of a documentary, also called the Miracle Morning, available on Prime Video. Midway through filming, Hal was diagnosed with a rare form of leukemia and given a 30 percent chance of survival. He let the cameras roll as he coped with his diagnosis in real time.
He joins us on this podcast to describe that experience, and to talk about the practices that he’s used to stay productive in the face of grief, severe injury and cancer.
He talks to us about:
— the powerful Five-Minute Rule that helped him recover from a nearly fatal car crash
— the six most popular personal development practices of the successful
— specific tactics you can harness to create YOUR most successful life.
As we move into the New Year, many of you are setting goals and resolutions.
Hal describes specific, actionable tactics that you can use to build scaffolding and support around your new goals.
