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Afford Anything

Ask Paula: FIRE vs. FOMO -- How Do You Balance Between These?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 29 December 2021

⏱️ 56 minutes

🧾️ Download transcript

Summary

#356: How do you find balance between smart money management vs. missing out on opportunities? Should you pile money into investments or take that dream trip to Tanzania? What should you do when your heart leads you to a decision that doesn't make sense on paper? In today's episode, former financial planner Joe Saul-Sehy and I discuss the purpose and practice of mindful money. Subscribe to the show notes at https://affordanything.com/shownotes Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:11.4

Every choice that you make is a trade-off against something else and that doesn't just

0:14.4

apply to your money, that applies to your time, your focus, your energy, your attention.

0:18.9

Any limited resource that you need to manage, saying yes to something implicitly means,

0:23.4

that you're saying no to all other opportunities, and that opens up two questions.

0:28.4

First, what matters most?

0:30.2

Second, how do you align your decision-making around that which matters most?

0:37.6

Answering those two questions is a lifetime practice.

0:40.9

And that's what this podcast is here to explore, and ideally to facilitate, like, meaning

0:46.8

put it in action.

0:48.6

So my name's Paula Pat.

0:50.6

I'm the host of the Afford Anything Podcast, and across the card table from me virtually

0:55.8

digitally is my buddy, former financial planner, Joe Salcihi.

1:00.3

What's up, Joe?

1:01.6

I'm doing great.

1:03.6

You and I had a fantastic discussion the last time that we talked that I was going to

1:07.8

see Ghostbusters.

1:08.8

Oh, yes.

1:09.8

And you told me something very shocking.

1:11.6

That I've never seen Ghostbusters.

1:13.3

Yeah.

1:14.3

And I said shocking, not shocking.

...

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