Ask Paula: How Should I Invest $4,000 Per Month for Early Retirement?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 7 October 2019

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

#219: Stella is working toward FIRE and wants to know: how can she create passive income in her retirement years? Is a portfolio with stocks and bonds enough, or should she invest in real estate? Travis and his wife are also on the FIRE path, and are comparing their investment options. Travis is concerned about the inefficiency of reinvesting returns in real estate. How can you factor this into your decision when buying a property? Stephanie and her husband are also interested in FIRE (hooray!) and they have $20,000 to invest. How can they best use this money to help them FIRE sooner? Cade, a 24-year-old listener, wants to FIRE by age 30 (we’re on a roll!). He’s saving $4,000/month and wants to know how to invest these savings. Anonymous and their partner are taking a mini-retirement and have questions surrounding the logistics of healthcare. What options should they consider? On a different note, Amanda works in academia. After listening to Episode 12, she’s looking for tips on managing long-term, complex collaborative projects now that she’s in a leadership position. Steve’s question brings us to the topic of building an online business and social media following. Should he have one brand for all of his interests, or divide these interests into separate channels? I tackle these questions in today’s episode of the show. Enjoy! For more information, visit the show notes at https://affordanything.com/episode219 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.
0:10.5	Every decision that you make is a trade-off against something else and that doesn't just
0:13.6	apply to your money.
0:14.6	It applies to your time, your focus, your energy, your attention, anything in your life.
0:18.5	That's a scarce or limited resource.
0:20.6	And that leads to two questions.
0:22.4	Number one, what matters most in your life?
0:25.0	And number two, how do you align your daily decisions to reflect that?
0:29.9	Answering these two questions is a lifetime practice and that is what this podcast is here
0:33.5	to explore.
0:34.9	My name is Paula Pat.
0:35.9	I'm the host of the Afford Anything Podcast.
0:38.4	Every other episode, we answer questions that come from you, the community.
0:42.5	And this is one of those episodes.
0:44.8	So today, here's what we're going to cover.
0:47.0	Stella wants to know how she can generate passive income during retirement.
0:50.6	She's 37 years old and wants to retire in the next seven years.
0:54.6	Travis and his wife are also on the path to fire, financial independence retiring early,
0:59.3	and they're concerned about reinvesting your returns if you invest in real estate.
1:04.9	How do you manage this and how big of a factor should this play in your decision making?
1:08.8	Stephanie and her husband are also on the path to fire and they have $20,000 to invest.
1:13.8	So what should they do?
	...

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