Ask Paula: How Much Should We Spend on a Wedding?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 23 November 2021

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

#350: Anonymous and her husband have set themselves on the path of saving for retirement. But an old mistake haunts them: a financial planner convinced them to buy a mix of whole and term life insurance, which costs them $700 per month. Do they need whole life insurance, and where else can they save their money? Mike has $60,000 in cash earning one percent interest. He has plans to buy a home and get married in three to five years. Where else can he put his cash to earn a little more? Is the stock market too risky for such a short time horizon? Anonymous and her future husband are wondering: what’s a realistic amount to spend on a wedding? My friend and former financial planner Joe Saul-Sehy joins me to answer these questions on today’s episode. 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. To subscribe to the show notes, go to https://affordanything.com/shownotes 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 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
0:15.0	apply to your money.
0:16.3	That applies to your time, your focus, your energy, your attention, anything in your life.
0:21.6	That's a scarce or limited resource.
0:24.0	But that opens up two questions.
0:26.2	First, what truly matters?
0:29.2	Second, how do you align your decision-making around that which truly matters?
0:36.2	Answering those two questions is a lifetime practice and that is what this podcast is
0:40.0	here to explore.
0:41.7	My name is Paula Pant.
0:42.8	I'm the host of the Afford Anything Podcast.
0:45.4	Every other episode, we answer questions that come from you, the community.
0:49.7	And my buddy, Joe Salcihi, resident of the great state of Texas, is here with me to answer
0:56.0	these questions.
0:57.0	What's up, Joe?
0:58.0	It's funny that you call me a resident of the great state of Texas because now that you've
1:01.1	been to Texas or Canada, you know that I live like 800 yards in Texas.
1:07.3	Like I am barely hanging on by my claws to Texas.
1:13.1	So if you go to Instagram, my Instagram's at Paula Pant, P-A-U-L-A-P-A-N-T, you will see
1:18.8	a photo that Joe took of me doing a back bend over the Texas Arkansas state line.
1:24.3	Yes.
	...

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.