Ask Paula and Joe -- Should I BUY a Business, Instead of Starting One?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 20 January 2020

⏱️ 85 minutes

🔗️ Recording | iTunes | RSS

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Summary

#237: Katie wants to know how to purchase a business that’s already cash-flow positive. What indicators can she look for? Rob will retire from the military with an inflation-adjusted pension. Does he need a bond allocation in his investment portfolio? Brian conquered a large sum of credit card debt, but still has student loan debt and a mortgage. Should he pay off his student loans, refinance them, or refinance his mortgage? Jeff is curious about the pros and cons of investment apps. When should you use them? Another Kati (without an e!) wants to live a healthy and wealthy life before she’s 70. Where should she allocate her savings so she can retire early? We answer these five questions in today’s episode. For more information, visit the show notes at https://affordanything.com/episode237 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything, just not everything.
0:10.9	Every decision that you make is a trade-off against something else and that doesn't just
0:13.9	apply to your money.
0:14.9	That applies to your time, your focus, your energy, your attention.
0:17.6	It applies to anything in your life.
0:19.5	That's a scarce or limited resource.
0:21.6	That leads to two questions.
0:23.2	Number one, what matters most to you?
0:25.2	And number two, how do you align your day-to-day decisions to reflect that?
0:29.8	Knowing these two questions is a lifetime practice and that is what this podcast is here
0:33.2	to explore.
0:34.2	My name is Paula Pat.
0:35.2	I'm the host of the Afford Anything Podcast.
0:37.5	Every other week I answer questions that come from you, the community.
0:40.9	And today, former financial planner Joe Salcihi is with me to answer these questions.
0:45.9	What's up, Joe?
0:46.9	Paula, you're up.
0:48.4	I am.
0:49.4	I'm up.
0:50.4	I'm awake and I am ready to answer some crazy questions.
0:53.3	These are always so fun.
0:54.6	It's a highlight of my week, as you know and your listeners know.
	...

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