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Category: Investing

March 13, 2024By Paula Pant

#493: Wall Street Secrets, with Your Rich BFF Vivian Tu

Do you ever wonder what happens behind closed doors on Wall Street?

Vivian Tu, also known as Your Rich BFF, is here to spill the tea.

Vivian grew up in a modest immigrant family. After college, she found herself working insane hours on Wall Street after college.

While working on Wall Street, Vivian saw some weird things.

Once, a coworker stumbled hungover into the office after a trip to Atlantic City, carrying a duffel bag with thousands of dollars in cash inside.

Vivian realized that there’s a group of high-income and high-net-worth people who handle money in drastically different ways than she learned in her frugal upbringing.

She learned about investing, taxes, legal loopholes. She discovered new ways of thinking about money.

She shares these insights — gleaned from her Wall Street days — in today’s podcast episode.

Keep reading...

March 4, 2024By Paula Pant

#491: Why Bitcoin is Back in the News | First Friday

Welcome, Emma Chamberlain’s fans!! Thanks for joining the Afford Anything community. You can find out how to escape the 9-to-5 grind at affordanything.com/escape

Once a month, on the First Friday of the month, we explore the hot economic and money stories that are dominating the headlines. These days, Bitcoin is back in the news. As of Friday morning, March 1st, its price ranged around $62,000, which is pretty darn close to its previous all-time high of $68,700.

But why?

Crypto was hot in 2020, but it faded from memory in recent years. What’s behind the comeback? And what does that tell us about how investments become fads?

Find out in today’s First Friday bonus episode.

Bonus listening: https://affordanything.com/325-bitcoin-for-beginners/ for a deep dive into understanding how Bitcoin works.

Keep reading...

March 1, 2024Written By Paula Pant

The Afford Anything Gen Z Beginner’s Guide to Money

Hey Gen Z friends,

Welcome to adulting and the world of personal finance! As Generation Z, you have the incredible advantage of time on your side when it comes to investing and reaching financial independence.

Leverage your youth as a time of opportunity and learning, thinking boldly about how to create the financial future you […]

Keep reading...

February 21, 2024By Paula Pant

#489: Ask Paula: What to Do with a Six-Figure Windfall?

Cara made $100,000 in commissions this year, her biggest bonus ever. What should she do with the money if she wants to retire early?

An anonymous caller and his partner have lived in an RV for years. They’re ready to settle. Should they sell most of his investments to purchase raw land and build an off-grid home?

Remy and her husband need to come up with $30,000 for IVF treatments. How do they build their family without breaking the family finances in the process?

Another anonymous caller is upset that the 401k plan he sold his boss on is charging him an Assets Under Management (AUM) fee. Should he keep the 401k at all?

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

Enjoy!

Keep reading...

January 26, 2024Written By Paula Pant

The biggest myth that keeps real estate investors from starting …

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 […]

Keep reading...

January 26, 2024Written By Paula Pant

“But am I too late?” — think you missed your chance to buy a house?

“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 … […]

Keep reading...

January 26, 2024Written By Paula Pant

The S&P 500 Hit Record Highs — 4 Days in a Row

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 […]

Keep reading...

January 11, 2024Written By Paula Pant

What Do Charlie Munger, Taylor Swift, and a NASA Astronaut Have in Common?

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 […]

Keep reading...

January 10, 2024By Paula Pant

#482: Ask Paula: Should We Drain Our Brokerage to Make a HUGE Down Payment?

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!

Keep reading...

December 20, 2023By Paula Pant

#478: Buy the Damn Guac, with Jamila Souffrant

Ever skipped that extra drink, pricey cheese, or a night out for the sake of your wallet?

If this feels familiar, then you’ll appreciate today’s episode with Jamila Souffrant.

Jamila is a Certified Financial Education Instructor, podcast host, and author, guiding us on making savvy choices to save while still having fun.

Jamila explores the power of understanding our “why not,” staying motivated on our financial paths, shaping a success-bound mindset, and posing THREE crucial self-assessment questions for goal alignment

Keep reading...

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Afford Anything

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