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Tag: entrepreneurship

May 3, 2019By Paula Pant

#191: Ask Paula – Would You Live in an RV to Save Money?

Should Russell rent a cheap apartment, or should he take out a loan for an RV in order to save money on rent?

Carl is working two jobs that each pay $12 per hour. He has $5,000 in student loans. What can he do to improve his situation?

Caroline is about to finish paying off her student loans, and in the next few years she wants to buy a home. Where should she park her savings in the meantime?

Philip is saving for financial independence, but he’s not sure what to do with his time once he quits his job. How can he discover what ignites him?

Amanda is receiving an inheritance, a New York City 4-plex valued at $500,000. How should she handle this?

And an anonymous caller wants to know what the step-by-step path to wealth building would look like.

I answered all of his questions in today’s episode, plus I feature a short follow-up interview with Kim, the firefighter whom we met in Episode 139.

Keep reading...

December 3, 2018By Paula Pant

#164: How and Why I Took a Mini-Retirement, with Bob Lotich

As an entrepreneur, Bob Lotich loves growing and expanding. But after a particularly stressful year, he realized he had burned out.

He woke up one Monday morning and, for the first time since he’d started self-employment, he realized he didn’t want to go to work. This was a new and uncomfortable feeling.

He decided to take a mini-retirement.

Keep reading...

December 19, 2016By Paula Pant

#56: What Professional Poker Taught Me About Running a 7-Figure Business, with Billy Murphy

Billy Murphy says poker made him a millionaire …

But not in the way you might guess.

Billy, now a serial entrepreneur, says poker taught him probabilistic thinking. He learned how to analyze the likelihood of various outcomes. He learned when to double down and when to fold.

He achieved financial independence at age […]

Keep reading...

December 5, 2016By Paula Pant

#54: Ask Paula – Automating Savings, Starting a Blog, Emergency Funds, Investing in Real Estate Confidently, and More

It’s the first Monday of the month, which means I’m fielding questions from the audience.

We start with a question from Nicole.

She’s a new listener, and she’s stuck in a confusing situation.

You see, Nicole is self-employed. She’d like to save a percentage of her income — but she doesn’t get regular paychecks. How […]

Keep reading...

August 5, 2014Written By Paula Pant

Five People, One Income, and Self-Made Success

Myth: If you’re supporting 5 people on 1 income (and it’s not a high income), you’re screwed. You’ll never become a business owner or an investor. You’ll be lucky just to pay the bills.

Fact: Ladies and gentlemen, meet success story: Rental Randy.

In my last blog post, I re-emphasized that the best […]

Keep reading...

March 18, 2011Written By Paula Pant

The Biggest Accounting Mistake Small Biz Owners Make

Do you run a small business?

Are you self-employed?

If so, there’s a strong chance you’re among the thousands of small business owners who make this critical accounting mistake …

… and thanks to this one simple error, they never realize how strong or weak their business is.

Yikes!

No, it’s not a […]

Keep reading...

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