1074: F.I.R.E. Movement Feature: Paula Pant, Founder of Afford Anything

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 1.9K Ratings

🗓️ 27 July 2020

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week I’m chatting with a number of people who identify as members of the FIRE movement, which stands for Financial Independence Retire EarlY. The mission is to intensely save and invest —over half your income—so you can retire sometime by 40 or sooner. The movement is often associated with white men who have high earning careers in software engineering or finance. And as a result the FIRE saving and investing advice and pursuit of FIRE can be inapplicable to many.. So this week we’re speaking to the minority members of the FIRE group that are making the movement more diverse, more inclusive and more relevant. Today we’re speaking with Paula Pant, a prominent leader of the Financial Independence Retire Early movement and an enthusiastic investor with a soft spot for spreadsheets. She is the Founder of Afford Anything, a personal finance and financial independence website and host of the award-winning Afford Anything podcast. Paula’s core belief that “you can afford anything, but not everything” is the backbone of Afford Anything. Through expert interviews and bi-weekly “Ask Paula” episodes, listeners learn to think critically about how they spend limited resources like time, money, and energy. Paula survived Covid 19 earlier this spring so our conversation starts there…and we dive into her financial belief systems in this unusual time…have they changed? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So Money episode 1074, the Fire Movements Paula Pant, founder of a Ford anything.
0:08.0	You're listening to So Money, with award-winning money guru Farnu Far noosh Tarabi.
0:13.6	Each day get a 30 minute dose of financial inspiration
0:16.8	from the world's top business minds, authors, influencers,
0:20.5	and from Farnuus yourself.
0:26.0	Looking for ways to save on gas or double your double coupons? Sorry, you're in the wrong place.
0:29.0	Seeking profound ways to live a richer, happier life.
0:32.0	Welcome to So Money.
0:35.5	I think the challenge is simultaneously
0:38.9	acknowledging the challenges that come with wanting to improve your financial life,
0:47.0	like simultaneously acknowledging those while not discouraging people and also while not invalidating the success of people who have risen above the circumstances that they were born into.
1:01.6	Welcome to So Money, everybody.
1:04.0	How are you?
1:05.0	Happy Monday, July 27th, 2020.
1:09.0	This week, as it turns out,
1:11.0	I have a number of interviews lined up with those who identify as members of the
1:16.0	Fire Movement.
1:17.8	That stands for financial independence retire early, and the mission of the movement is to intensely save and invest, sometimes
1:25.9	over half your income or more, so that you can retire sometime around the age of 40,
1:32.0	maybe even sooner. seems a little impossible right now.
1:36.1	The movement is often associated with white men who have high earning careers in software
1:41.2	engineering or finance, Mr Money Mustache for example.
	...

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