Afford Anything

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income

Category: Episodes

March 10, 2021By Paula Pant

#305: The 7 Steps to Financial Independence + 7 Rules of Investing, with J.D. Roth

“What’s your FI number? What’s your FI date?”

People often talk about financial independence like it’s a fixed, static point. When your portfolio reaches $X value, or your monthly passive income is $Y per month, you’re FI.

“When did you reach FI?,” people will ask, as though it’s a one-way door with a distinct date, comparable to graduating from high school or college.

Today’s podcast guest, J.D. Roth, offers a fresh perspective: FI isn’t a fixed point. It’s a continuum, a spectrum.

He says there are seven stages along the road to financial independence, which include:

1: Dependence: This is what we experience when we’re five years old: total reliance on someone else.

This is also what we experience as adults if we depend on our credit cards for basics like groceries and utilities, and we can’t pay the balance in full at the end of the month.

2: Solvency: You can make your minimum payments, and you’re not adding new credit card debt to your monthly balance.

Keep reading...

March 5, 2021By Paula Pant

#304: Ask Paula & Joe – Help! I Can Only Save $200 a Month

Paige and her fiancé have two autumn 2021 goals: save for a wedding and an emergency fund. There’s one problem: they only have around $200 per month to save. How can they grow the gap when they’ve run out of things to cut and ways to earn more?

Kat’s investor friend connected her with a wholesaler who only deals in cash. How can she find $130,000 to buy her subject property?

“Jon,” an anonymous caller, is renting his grandparent’s property, which he plans to make his forever home. It’s on the older side and needs renovations, but the repairs don’t need to happen immediately. How can he fund these repairs while also avoiding a mortgage payment in his 60s?

Anonymous caller “Chadwick” is planning for financial independence. Given that his employer covers his housing, when should he and his wife look for a house? Now, or in the last year of his job?

Annalis wants to know whose approach to business I prefer: Gary Vee’s, or Cal Newport’s? She also asks: how do you become a good speaker?

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

Keep reading...

March 3, 2021By Erin @ Team Afford Anything

#303: A World Without Email, with Cal Newport

Photo of Cal Newport, credit Penny Gray

Wouldn’t it be nice if our inbox magically managed itself?

Let’s go a step further.

What if we could live in a world without email?

Email overload takes a real toll on us – on our workflow, and on our brains. A study conducted by RescueTime found that most workers can’t go six minutes without checking email. That, combined with how inefficient we become when switching tasks, creates a gigantic loss of productivity during our workday.

Joke’s on you! I don’t use email. I use Slack instead. Ha!

Slack isn’t any better than email. Any platform that allows for endless back-and-forth communication will cause your productivity to plummet. How are you supposed to get any work done outside of Slack or email if you’re busy checking in every six minutes? Those constant notifications can keep you engaged with unstructured conversation to the point where the day ends and you’ve had no time to get actual work done.

Hmm, those days do suck. But how else am I supposed to communicate with my teammates when something needs to be done?

There are plenty of alternatives that don’t involve back-and-forth messaging. Cal Newport, third-time guest of the show, joins us to talk about these alternatives. His new book, A World Without Email, explores the pitfalls of the “hyperactive hive mind workflow” and the structures and systems workplaces have adopted to cut down on noise and increase productivity.

Cal gives us a brief history lesson on how email came to dominate the workplace, explains the inefficiencies and limitations with email, and tells us which mindset shifts to make in how we manage our time, energy, and attention at work.

Keep reading...

February 24, 2021By Erin @ Team Afford Anything

#302: The Financial Benefits of Optimism, with Michelle Gielan

What comes to mind when you think about optimism?

Yeah right, how can anyone be optimistic at a time like this?

*eye roll* What fluff.

Uh…does being optimistic about my chances of eating cake count?

Given our current circumstances, optimism might feel worthless, useless, or both. But optimism doesn’t have to be this mythical, unobtainable pie-in-the-sky concept, especially when considered from this lens:

the expectation of good things to happen and the belief that our behavior matters.

Why? Because we have control of our expectations and our beliefs. We can choose to alter our expectations, and we can choose to believe that our behavior matters.

That’s what Michelle Gielan, Positive Psychologist and bestselling author of Broadcasting Happiness, is here to explain. In this episode, she offers research-based tactics that you can use today to gradually strengthen your resolve, transform your relationship with stress, and shift towards optimism.

Keep reading...

February 16, 2021By Paula Pant

#301: Ask Paula – How Can I Reach FIRE in 11 Years?

Sarah wants to refinance her owner-occupied triplex, but she’s torn between a 15-year and a 30-year option. Which is better in her situation?

Amelia is worried that she and her husband are under-insured. Should her husband get a short-term disability policy, even though it’s expensive and they’re unlikely to need it?

Steven just discovered the financial independence (FI) movement in July 2020, and he wants to reach FI in 11 years. He has $30,000 in cash and $26,000 of student loan debt. How should he use his cash given his FI goal?

The South American Anthropologist wants to make a career change. His baby daughter has inspired him to become an example of living life on your own terms. Will his financial independence plan sustain him and his family for years to come?

Annalis and Mike are hunting for their first rental property, but they haven’t found anything nice that meets the one percent rule. Should they purchase a mansion and rent the rooms on Airbnb?

My friend and former financial planner Joe Saul-Sehy joins me to answer these five questions in today’s episode. Let’s dive in.

Keep reading...

February 9, 2021By Paula Pant

#300: The Two-Fund Investment Portfolio, with Paul Merriman

Target date retirement funds are simple, automated, easy.

The problem? What’s simple might not be optimal.

Investment expert Paul Merriman joins us to discuss the two-fund portfolio, a mix of one target date fund and one small cap value fund. He describes why this could be the ultimate portfolio for buy-and-hold investors who want to boost their returns, without excessive complexity or risk.

Here’s the idea behind a two-fund portfolio:

  • Your age x 1.5 = the percentage of your portfolio in a target date fund
  • Invest the rest in a small cap value fund

According to Merriman, this simple strategy could dramatically improve long-term aggregate returns without creating too much volatility or complexity.

Keep reading...

February 5, 2021By Paula Pant

#299: Ask Paula and Joe – Should I Sell My $575,000 in Tesla Stock?

Chris bought Tesla a few years ago and Jinko Solar eight months ago. Both of these have gone up in value by a lot. What tax strategies can he use to sell these shares?

Holly and her three sisters stand to inherit two side-by-side duplexes. How can they structure the ownership of these properties in a fair way?

Eric feels hopeless about health insurance as a self-employed business owner. Are DPCs or healthshares the way to go?

Frank and his wife have a nine-year retirement plan that involves selling their home and moving to Costa Rica. How can they maximize their savings and existing investments to set themselves up for success?

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

Keep reading...

February 3, 2021By Erin @ Team Afford Anything

#298: How to Talk to Friends about Money, with Erin Lowry

When going to restaurants with friends, does the idea of splitting the bill make you so anxious you can’t enjoy the food?

If someone asks you to be in their wedding party, is it an honor, or a stomach-churning ordeal?

Are you so afraid of discussing financial situations with friends and family that you let others have a say in what you spend your money on?

Awkward money conversations are an inevitable part of life. Whether it’s turning down invitations to go out with coworkers, trying to maintain friendships despite a limited budget, or discussing caring for aging parents with siblings, talking about money is a critical skill that can serve us for a lifetime.

If this is an area you could use a little help with, you’re not alone. Erin Lowry, author of Broke Millennial Talks Money, joins us on the show to share scripts and strategies for tactfully navigating life’s most awkward and common money conversations.

Keep reading...

January 28, 2021By Paula Pant

PSA Thursday Part II: Let The People Trade!

This morning, almost every major brokerage halted trading on the most volatile stocks, including GameStop, BlackBerry, Bed Bath & Beyond, Nokia, and AMC Theaters.

We’re in a situation where major trading platforms are blocking retail investors – us – from placing trades, while allowing hedge funds and institutional investors to drive prices.

That is not a free market.

When you don’t let people buy, and you don’t let people sell, you’re locking people out of the game entirely.

Yesterday, I was worried that grandma and grandpa would make the wrong investment choices and irrationally bet their life savings away. Now, they’re prohibited from making any choice. 🤯

We deserve the right to make our own trading decisions.

For the latest updates, follow me on Twitter or Instagram (check out my stories). I’m sharing my thoughts on these platforms as things unfold.

Keep reading...

January 28, 2021By Paula Pant

PSA Thursday: Wall Street Bets, GameStop, and the Rise of Meme Stocks

If you blinked, you missed the biggest stock market story since the crash of March 2020. 

It’s a story that led GameStop, a brick-and-mortar company that sells *physical* video games (remember when games came on 5.25-inch floppy disks?), to skyrocket its share price by 700 percent in two weeks. 

It’s a story that explains why multiple brokerages — including Vanguard, Schwab, Robinhood, TD Ameritrade, RBG Direct Investing, ThinkorSwim, Webull, E-Trade, and more — had such high volume and demand on Wednesday that these trading platforms briefly shutdown, or had intermittent service.

It’s a story that explains why AMC Theaters rose 264 percent, um, YESTERDAY. 

It explains why overlooked retailers such as Nokia, Blackberry and Bed, Bath and Beyond rose by approximately 35 to 45 percent yesterday (as of 3:30 pm Eastern, half an hour before market close). 

And it’s a story that explains why Express rose 166 percent in a single day, with such heavy trading volume that several brokerages halted all trades of its stock simply because the platforms couldn’t keep up with the firehose of orders.

Keep reading...

  • ‹
  • 1
  • …
  • 29
  • 30
  • 31
  • 32
  • 33
  • …
  • 64
  • ›

Most Popular

Inflation, Illustrated
How Much is Enough?
What if We Quit Setting Goals? (Seriously?)
The Incredible Power of 10x Thinking
  • Binge
  • Questions?
  • Contact
Join 70,000+ subscribers who get free email updates.

© 2021 Afford Anything. Designed By Wilnau Design. Built by Zach Swinehart. Disclosure

© Copyright 2011 – 2025 Afford Anything. All Rights Reserved.

Website by Zach Swinehart.

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income

Afford Anything

  • Start Here
    • About
    • Team Afford Anything
    • Media
    • Questions?
  • Blog
    • Binge
  • Podcast
    • Binge
    • Sponsors
    • Ask a Question
    • Guest Guidelines
  • Community
  • TV
  • Explore
    • Your First Rental Property
    • Travel
    • Start a Blog
    • Earn Extra Income