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Afford Anything | Make Smart Money Choices

Ask Paula: Help! I Can Only Save $200 a Month

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 5 March 2021

⏱️ 80 minutes

🧾️ Download transcript

Summary

#304: Paige and her fiancé have two autumn 2021 goals: save for a wedding and an emergency fund. There’s one problem: they only have around $200 per month to save. How can they grow the gap when they’ve run out of things to cut and ways to earn more? Kat’s investor friend connected her with a wholesaler who only deals in cash. How can she find $130,000 to buy her subject property? Anonymous “Countryside Living” is renting their grandparent’s property, which they plan to make their forever home. It’s on the older side and needs renovations, but the repairs don’t need to happen immediately. How can they fund these repairs while also avoiding a mortgage payment in their 60s? Annalis wants to know whose approach to business I prefer: Gary V’s, or Cal Newport’s? She also asks: how do you become a good speaker? Anonymous “My Job Pays for My Housing” is planning for financial independence. Given that their employer covers their housing, when should they start looking for a house? Now, or in the last year of their job? My friend and former financial planner Joe Saul-Sehy joins me to answer these five questions today. Enjoy! For more information, visit the show notes at https://affordanything.com/episode304 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.

0:10.8

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

0:14.0

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

0:18.7

anything in your life that's a scarce or limited resource.

0:22.2

Saying yes to something implicitly means.

0:24.6

Saying no to all other opportunities and that opens up two questions.

0:28.4

First, what matters most and second, how do you align your decision making with that

0:33.7

which matters most?

0:35.7

Answering those two questions is a lifetime practice and that is what this podcast is

0:39.1

here to explore.

0:40.7

My name is Paula Pat.

0:41.7

I am the host of the Afford Anything Podcast.

0:44.2

On the first Friday of every month we release a bonus episode, so welcome to the March 2021

0:49.9

first Friday bonus episode.

0:52.0

Every other episode ish.

0:53.6

We answer questions that come from you, the community.

0:56.7

And today, former financial platter, Joe Salcihi joins me to answer these questions.

1:01.2

What's up, Joe?

1:02.2

What's happened in Paula?

1:04.0

Happy generic day, everybody's listening to this.

1:06.3

Happy generic day.

1:07.3

Woo!

...

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