A few years ago, my friend J.D. Roth told me a story that’s stuck in my mind ever since. ⠀
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During his 20’s and early 30’s, J.D. was broke and in credit card debt. But in his mid-30’s, he started a business, and within three years, he sold it for a […]
Category: Personal Finance 101
8 Money Myths That Might Be Holding You Back
I live in a two-bedroom condo. It’s furnished with a used couch and used coffee table.
My shoe rack is made from old cardboard boxes glued together.
Almost everything else in my home is from Craigslist, Amazon and Overstock. I consider IKEA to be a splurge.
My favorite hobbies are hiking and camping (free […]
#117: How to Avoid Killing Your Spouse (and Should You Get Married in the First Place?) – with Farnoosh Torabi
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 […]
#116: Ask Paula – Help! I’m Underwater on My Car!
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 […]
#115: How Dave Ramsey Taught His Kids About Money – with Rachel Cruze
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 […]
#112: Ask Paula – How to Convince a Spouse to Invest in Low-fee Index Funds?
How can I convince my spouse to invest in low-fee index funds? How should my fiancé and I combine our finances? If I’d like to invest in rental properties, should I also buy stocks?
Former financial planner Joe Saul-Sehy joins me to tackle these audience questions and more.
Thomas asks:
My wife is suspicious […]
#110: Ask Paula — Get Ready for the Next Recession
Happy New Years! We’re kicking off this year on a bright and cheerful note — with a conversation about the impending recession! Yay!
The U.S. stock market is at a peak, continuing its 9-year bull run. The markets have been rising since March 2009 without any major corrections or pullbacks.
We are living in one […]
#104: Ask Paula – How Can I Learn about Money from the People Around Me?
This week, I answer 4 questions about quitting a depressing job, learning how to ask probing questions, saving for a downpayment, and more.
Edward asks:
How can I learn from other people around me? I’m 28, and my wife and I have some money that we’d like to invest. We know people who’ve had […]
#103: Random Smattering of Lessons on Money, Work and Life — plus A Call for Radical Authenticity
On today’s podcast, I’m sharing this random smattering of lessons on money and life.⠀
1) Simplify everything.⠀
2) Risk = Probability x Magnitude.⠀
3) Curate.⠀
4) Never delay gratification.⠀
5) Know your net worth, relative to your lifetime earnings.⠀
6) Don’t half-ass anything. (Whole-ass a few things.)⠀
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#98: Ask Paula – The Side Hustle Episode
How much money should you invest in a side hustle or side business?
How do you know if your side hustle idea is viable?
What if you want to start 5 or 6 side businesses? Should you lump these together under a common business umbrella? Or should you separate them out?
These are the questions […]
