By Paula Pant
This week, former financial planner Joe Saul-Sehy and I answer five questions about investing, retirement, insurance, travel and selling an expensive car.
Eliana is 25 and makes $63,000 per year, plus a little extra from freelance work. She holds $95,000 in cash, $67,000 in retirement investments, and no debt. She doesn’t necessarily hold early retirement […]
By Paula Pant
In the 1970’s, a woman named Vicki Robin teamed up with a man named Joe Dominguez.
They came from different backgrounds: she was an Ivy League graduate with a comfortable upbringing; he was raised in Spanish Harlem on “welfare cheese.”
But they shared one common thread: a commitment to financial independence, not just as a […]
By Paula Pant
Tony lives in Chicago, where the returns on rental properties are so-so. He’s thinking about investing in Indianapolis, where he consistently finds rental properties with cap rates that are greater than 8 percent. Should he invest locally, so that he can get a primary residence mortgage and keep a closer eye on the space? […]
By Paula Pant
After Liz Thames graduated from college, she couldn’t find a job.
“Nowhere would hire me,” Thames says. “I had what I thought was this nice resume, and I sent out over 50 applications. Nowhere called me back.”
She took a temporary job at a document-scanning agency, then joined Americorps to serve as a full-time volunteer […]
By Paula Pant
Roger Whitney, age 51, calls himself The Retirement Answer Man. As a financial planner, investment analyst and podcast host, he focuses on helping Baby Boomers craft a traditional (past-age-60) retirement.
Today, he joins me to answer two questions that come in from our community.
Our first question is from Emily, who says:
“I’m trying […]
By Paula Pant
Once upon a time, in southern California in 1994, there lived a man named William Bengen.
He read many claims, widespread at the time, that said that since the markets return at least 7-9 percent compounding rates on average, retirees could withdraw and spend 7 percent of their portfolio.
William had a hunch that this […]
By Paula Pant
Questions — I get questions! Today, I’m tackling four queries about real estate investing that come from the audience. Here are the details:
Sam says:
I work full-time and I’m not handy, so I definitely need a property manager. I’ve found an amazing property management company, but they only serve a small, specific […]
By Paula Pant
My friend and financial expert Farnoosh Torabi joins me to answer a relationship & money question from a listener named Janice.⠀⠀
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Janice is engaged, and she calls to ask: Should she get married?⠀⠀
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She earns double what her fiancé makes. She has no debt except her mortgage. Her retirement […]
By Paula Pant
Stacy and her boyfriend would like to downsize to one vehicle. But they’re collectively $14,500 underwater on their car loans.
Stacy owes $11,000 on her car, but its trade-in value is $7,200. She’s paying a 12.74% interest rate and her payoff date is 2021.
Her boyfriend is in worse shape. He owes $18,500 on his […]
By Paula Pant
Rachel Cruze was born the year her father, Dave Ramsey, filed for bankruptcy.
During her childhood, she watched her parents transition from struggling and rebuilding from their bankruptcy, to becoming debt-free multimillionaires.
Her dad went on to become the host of The Dave Ramsey Show, a money management radio show and podcast that reaches more […]
