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Afford Anything | Make Smart Money Choices

Ask Paula: How Can I Pay for Grad School?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 20 November 2020

⏱️ 54 minutes

🧾️ Download transcript

Summary

#285: Sam wants to use the funds in her Vanguard S&P 500 index funds for a downpayment on a house. She isn’t sure if she should keep her savings in the market. Should she move her money, and where? Hailey purchased a duplex in March and is already looking to sell due to a hostile tenant during the purchase process. How can she shift her focus from her initial return on investment to a long-term outlook? Zoe dreams of attending grad school, but her savings are locked away in retirement accounts. How can she save for grad school in the next two to three years? Mohamed wants to monetize a new podcast with affiliate relationships, but the service providers he wants to promote don’t offer affiliate programs. Can he still make this work, and how? I answer these listener questions in today’s episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode285 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

0:13.4

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

0:17.9

any limited resource that you need to manage, saying yes to one thing implicitly means,

0:22.5

saying no to something else.

0:24.0

And that opens up two questions.

0:25.4

First, what matters most to you.

0:27.2

And second, how do you align your day-to-day values to reflect that?

0:31.1

Answering these two questions is a lifetime practice and that's what this podcast is here

0:34.0

to explore.

0:35.0

My name is Paula Pant.

0:36.0

I am the host of the Afford Anything Podcast.

0:38.2

Every other episode I answer questions from the community.

0:41.1

And today, I am answering the following four questions.

0:44.2

Zoe is 23, debt-free, earns $63,000 a year, and saves half of her income.

0:50.8

She wants to attend grad school, but most of her savings is locked up in retirement accounts

0:55.6

funds that she can't access.

0:57.6

What should she do?

0:58.6

Haley purchased a duplex back in March, and although the numbers are good, she had a bad

1:03.5

experience with a tenant that makes her no longer excited to own the building.

1:07.0

What's her next step?

1:08.0

Sam has money saved in a Vanguard S&P 500 index fund.

...

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