Ask Paula: How Long Will It Take Me to Become a Millionaire?
Afford Anything | Make Smart Money Choices
Paula Pant | Cumulus Podcast Network
4.7 • 3.6K Ratings
🗓️ 25 November 2020
⏱️ 68 minutes
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Summary
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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. |
| 0:17.8 | Any limited resource that you have to manage, saying yes to one thing implicitly means, |
| 0:22.6 | saying no to many other options, and that opens up two questions. |
| 0:26.6 | First, what matters most to you? |
| 0:29.3 | What does society say should? |
| 0:31.3 | But what actually matters most in your own life? |
| 0:33.8 | And second, how do you align your decisions on a daily, monthly, yearly basis to reflect |
| 0:40.9 | that which matters most? |
| 0:42.6 | Now answering these two questions is a lifetime practice and that is what this podcast is |
| 0:46.6 | here to explore. |
| 0:48.4 | My name is Paula Pat. |
| 0:49.4 | I am the host of the Afford Anything Podcast. |
| 0:52.2 | And today I will be answering questions that come from you, the community. |
| 0:56.4 | Here's what we're going to cover. |
| 0:58.1 | Alex is saving up for a down payment on a house and she wants to put her savings in an account |
| 1:04.1 | that's going to make her some amount of money. |
| 1:07.2 | She wants to know what's the difference between a high-yield savings account and a money market |
| 1:11.2 | account. |
| 1:12.2 | Alex is 25, just graduated and is starting at a job that pays $50,000 a year. |
| 1:18.5 | She wants to know how much she would need to save in order to retire with $1 million |
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