Afford Anything, Escape the 9-5, Passive Income and More with Paula Pant

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 28 July 2021

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

#13: Afford Anything founder Paula Pant joins Chris to discuss how you can afford ANYTHING (but not everything). They also discuss how you can escape the 9-5, start making passive income, and take mini and/or semi-retirements throughout your life. Paula Pant (@affordanything) is the founder and creator of Afford Anything where she runs an award winning personal finance website, a monthly newsletter, a top rated podcast and a Real Estate Investing Course. She built her career from scratch starting as a journalist making only $21,000 a year. Full show notes available at: https://www.allthehacks.com/paula-pant-afford-anything Partner Deals Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth Selected Links From The Episode Connect with Paula: Twitter | Instagram | YouTube Afford Anything: Website | Podcast | Real Estate Investing Course Her Book: Escape E-book Full Show Notes Who is Paula Pant? (00:15) What does it mean that you can afford anything? (01:15) What you get wrong about spending your money. OR How you trick yourself into thinking you are being smart with money. (01:58) Saving money might not be what you should focus on. Focus on growing the gap. (05:05) What is financial freedom and does it mean you have to retire? (06:21) Can you escape the 9 to 5 and still have a job? (and 4 factors great jobs have) (08:00) If you hate your job, here’s a two step plan to help you build a better life. (10:14) The two main types of side hustles (ones you can scale, and ones you can’t). (13:59) How Paula transitioned her side hustle into a full business. (17:59) If you’re terrified of the risk of taking a leap, this advice will help. (20:29) Why passive income is NOT free money. (24:17) Should you invest in rental properties for passive income? (26:48) What you must do BEFORE investing in rental properties? (29:06) Mistakes beginner real estate investors make. (30:12) How to start learning about real estate investing for beginners. (31:38) Should you invest in alternatives to buying rental properties (REIT portfolios and why crowdsource real estate investing is not good for you). (34:25) How can you better value your time? (37:59) How to get more comfortable with spending money on outsourcing things you can potentially do yourself. (39:23) Why Chris went bought a one way ticket to cairo?(43:46) How the idea of Afford Anything was born (you heard it here first). (47:58) What are mini-retirements and semi-retirements and how are they different? (and which should you do). (49:47) Taking short vacations vs. taking long trips. (52:53) Paula Pant’s favorite hack: reframing your thoughts (you are probably richer than you think). (56:05) How to build a daily gratitude habit and stop it from fading away. (59:48) How to connect with Paula Pant. (1:04:20) Connect with All the Hacks All the Hacks: Newsletter | Website | Facebook | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Transcript

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1:02.4	Money.
1:03.4	Hello, and welcome to another episode of All the Hacks, a show about upgrading your life,
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1:13.5	I'm your host, Chris Hutchins, and I'm excited to have you on my journey to find all the
1:17.2	hacks.
	...

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