In today’s episode, I answer two questions about financial independence and the FIRE movement, followed by four questions about rental property investing.
James Clear wanted to start flossing, but he never managed to follow through. Despite his best intentions, his dental floss sat unused in a bathroom drawer.
Fortunately, James had learned a thing or two about human behavior and habit formation. As a self-improvement writer, he’d spent hours pouring over scientific data about behavior changes. He […]
We’re back with another “Ask Paula” episode of the show! As usual, my friend and former financial advisor, Joe Saul-Sehy joins me in answering your questions!
Let’s dive right in.
I just graduated from college with a major in Computer Science and minor in Graphic Design. The whole time – it was rough. […]
My friend and former financial advisor, Joe Saul-Sehy, joins me to answer a multitude of questions on retirement savings and investing, so let’s dive in.
Elyse has two questions:
#1: Through her job, Elyse has a 401(a) hybrid. Right now, she contributes 0.5% as her employer will contribute 2.5% only when she contributes 4%.
“I’ll get around to rolling over my 401k … next week.”
“Eventually I’ll switch to a cheaper insurance plan.”
“I really should move my portfolio into lower-fee funds.”
“Yeah, yeah, I know I should create an estate plan. I’ll do it later.”
We know how to improve our financial lives. We know […]
Rich Carey is a military millionaire. He’s spent his career in the U.S. Air Force; he’s currently stationed in Seoul, South Korea. He was stationed in Germany before this. He’ll retire after this.
Most of his fellow servicemembers, upon taking a military retirement, start a second career. But Rich doesn’t need to. He’s financially independent, […]
Scott Rieckens and his wife Taylor enjoyed a classic Southern California lifestyle.
They lived near a gorgeous beach in sunny San Diego. They frequently dined at sushi restaurants. They drove a BMW.
But after the birth of their daughter, everything changed. Taylor, an intelligent, career-driven, independent woman, suddenly didn’t want to spend any time away […]
Your income, debt, spending habits and net worth aren’t merely a function of your actions. They’re a reflection of your deep-seated inner psychology around money.
Dr. Brad Klontz, a clinical psychologist and financial planner, joins me on today’s show to discuss four “money scripts” that may be harming us. These scripts include:
Money avoidance — […]
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 […]
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 […]