Afford Anything

Author: Paula Pant

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#400: The Lies Told About Early Retirement

F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship. This September, we’re running four weeks of episodes focusing on each of these four pillars, plus one bonus episode sharing impactful lessons learned from those who have reached F.I.R.E.

Enjoy!

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Today we’re sharing three talks given at the EconoMe conference, with each of these talks relating to F.I.R.E. The three discussions are:

FI-Landia is a lie – What I Learned On My Journey To F.I.R.E., with Carl Jensen
What If You Achieve All Your Goals But You’re Still Not Happy, with Rich Jones
How To Never Again Say, “I Can’t Afford It”, with Paula Pant

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#399: Ask Paula: The Stock Market Is Down – Can I Still Retire?

Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned?

Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value…but he is still wondering if there’s a chance that he should sell.

Meisha is making more money at her new job but can’t contribute to her 401(k) for the first six months – what should she do with her extra money in this interim??

Kyria is a young investor with multiple goals: she’s wondering how to best save for a down payment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side.

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

Enjoy!

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#398: How To Travel For (Almost) Free, with Chris Hutchins

Chris Hutchins is an avid life hacker, a financial optimizer and the host of the top ranked podcast “All The Hacks”, where he shares his quest to upgrade his life without having to spend a fortune. These passions have led him to being featured in a documentary on financial Independence called “Playing with FIRE” and collecting millions of points and miles.

If you want to learn more about optimizing your spend so that you can travel with less of an impact to your bank account, you’ll want to hear what Chris has to say.

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#397: Ask Paula: Is the bank trying to scam my parents…?

Nick’s parents are forced to confront earlier than anticipated retirement…and they aren’t financially prepared. Now, a bank is offering to buy a part of their mortgage or a part of their house.  Is this a scam?!

Jon from Colorado is curious about after tax contributions to a Roth 401k, and would like us to talk about why we wouldn’t recommend it.

Anna is househacking, and she locked down an awesome interest rate. But, she’s still carrying PMI and is wondering if there’s a way to remove the PMI without refinancing.

Courtney from Denver is a real estate investor who wants to invest in new locations and wants tips on building out her network.

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.

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How badly do you want it?

👋 Hey there! FYI, this post is part of our First Principles series.

About the series…

When most people talk about money management, they discuss tactics. Occasionally, you’ll encounter someone who elevates the discussion to strategy, rather than simply scattershot tactics.

But what’s missing from both conversations — both tactics and strategy — is a […]

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#396: Creating Happiness At Work, with Julie Winkle Giulioni

International best-selling author and leadership speaker, Julie Winkle Giulioni, talks through a multidimensional career framework that features eight dimensions of career development.

She spells out how to apply the dimensions of contribution, competence, connection, confidence, challenge, contentment, choice and climb to different parts of your professional life, whether that’s assessing your current job, navigating a conversation with your superior or setting yourself up for the next progression.

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#394: Ask Paula: Inflation is High! How Much Cash Should You Keep?!

Bill listened to our episode with Bill Bengen, father of the 4% rule, and he wants to know if there was a way for him to figure out how much money he should be keeping in cash.

Heather inherited an IRA but MUST empty it within ten years – but she doesn’t need it right now.  What should she do??

Sheryl gets stock from her company, and she would usually sell it…but the stock value has decreased. And now, she isn’t sure what she should do.

Julie and her husband have access to an HSA for ONE MONTH.  Can they max it out before they lose access to it?

In today’s episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.

Enjoy!

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#392: Ask Paula: Did the Great Recession Lead to the FIRE Movement?

Colleen and her husband own SEVEN paid off rental homes. Now they’re heading into retirement and disagree on what to do with some of that equity.

Kevin wants to hit FIRE (Financial Independence, Retire Early) and believes his motivation comes from witnessing the financial trauma of the Great Recession. He’s wondering if others are motivated to reach FIRE for similar reasons.

Anonymous wants to learn more about utilizing HSA accounts and Susan wants to learn more about investing in tax liens.

My friend and former financial planner Joe Saul-Sehy joins me to answer these questions on today’s episode. Enjoy!

Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.

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Afford Anything