Ask Paula: How Much Should I Invest vs. Keep in Cash?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 3 August 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#394: Bill listened to our episode with Bill Bengen, father of the 4% rule, and he wants to know if there was a way for him to figure out how much money he should be keeping in cash. Sheryl gets stock from her company, and she would usually sell it…but the stock value has decreased. And now, she isn’t sure what she should do. Heather inherited an IRA but MUST empty it within ten years - but she doesn’t need it right now. What should she do?? Julie and her husband have access to an HSA for ONE MONTH. Can they max it out before they lose access to it? In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough questions. Enjoy! Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode. For more information, visit the show notes at https://affordanything.com/episode394 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	You can avoid anything but not everything.
0:10.1	Every choice that you make is a trade-off against something else, and that doesn't just
0:13.5	apply to your money.
0:14.6	That applies to your time, your focus, your energy, your attention, any limited resource
0:18.8	that you need to manage.
0:20.8	Saying yes to something implicitly means accepting the trade-offs.
0:25.1	And that opens up two questions.
0:26.8	First, what matters most?
0:29.2	Second, how do you make decisions aligned with that which matters most?
0:35.7	Answering those two questions is a lifetime practice, and that's what this podcast is
0:39.2	here to explore.
0:41.0	My name is Paula Pant.
0:42.0	I'm the host of the Afford Anything Podcast.
0:44.5	Every other week, we answer questions that come from you, the community, and my buddy,
0:50.3	former financial planner, Joe Salcihi.
0:52.6	Join me to answer these questions.
0:54.7	What's up, Joe?
0:55.7	Hey, Paula, what's happening?
0:57.9	You know, I am about to go to a baseball game for at least the first time in 10, 12 years,
1:06.6	and maybe the second time ever in my life.
1:08.8	Wow.
1:09.8	So do you know what happens at a baseball game?
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Paula Pant | Cumulus Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Paula Pant | Cumulus Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.