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Optimal Finance Daily - Financial Independence and Money Advice

2515: Investing, Reduced to Its Core by Paula Pant of Afford Anything on Creating Extra Income Streams

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Business, Education, Investing, Self-improvement

4.51.3K Ratings

🗓️ 12 November 2023

⏱️ 14 minutes

🧾️ Download transcript

Summary

Paula Pant of Afford Anything breaks investing down to its foundation. Episode 2515: Investing, Reduced to Its Core by Paula Pant of Afford Anything on Creating Extra Income Streams Paula Pant is the founder of the award-winning website AffordAnything.com and a writer and speaker specializing in money, business, and real estate investing. She is a real estate investor, as the owner of seven rental property units in metropolitan Atlanta. She holds a real estate license in Georgia. She's also the host of the Afford Anything podcast. The original post is located here: https://affordanything.com/investing-broken-down-to-its-ridiculously-simple-core/   Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is optimal finance daily episode 2515 investing reduced to its core by

0:07.3

pala pant of a Ford anything dot com and I'm your host and personal finance

0:12.1

enthusiasts Diana Merriam.

0:14.0

Welcome back to Optimal Finance Daily,

0:17.0

where I read to you from the best personal finance blogs.

0:20.0

So with that, let's get right to it as we optimize your life.

0:24.0

Investing reduced to its core by Paul a pant of a Ford Anything.com. Myth wealth comes from living below your means.

0:38.0

Fact. Frugality is the first step, not the last.

0:42.0

I'd like to tell you about one of the most is the first step, not the last.

0:43.0

I'd like to tell you about one of the most interesting couples I know.

0:47.0

They were apartment dwellers when we met, and I don't mean the New York City variety.

0:52.0

Their dark musty apartment fested in an area where land is

0:55.8

plentiful and square footage is cheap, where apartments are synonymous with squaller.

1:01.0

I'm not sure when their tables turned or how long they toiled

1:05.1

behind the scenes building their family empire. I can't pinpoint the year their

1:09.6

net worth climbed into seven digits. Their newfound wealth isn't flashy. They drive

1:15.6

modest cars and wear nameless brands, though they've upgraded into a nicer home.

1:20.1

The main hint that they're monied, isn't reflected in their purchases. It shows

1:26.3

in how they spend their time. Neither have jobs outside the home anymore, nor do they have

1:31.8

any sense of urgency about getting one. They travel regularly,

1:35.6

ski often, kayak on occasion, and hike like it's going out of style.

1:40.2

Occasionally I'll spend a weekend with them. When we're together at the grocery store, I see them scanning their receipt carefully, checking for errors.

...

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