Ask Paula - How to Handle an Inheritance, Should I Invest in Properties or Start a Business, and More.

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 8 May 2017

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

#76: This week, my buddy Joe Saul-Sehy joins me to answer another round of listener-submitted questions. A listener from California asks: My husband and I will be inheriting money, which we plan to invest in index funds. We believe that our inheritance will eventually make us financially independent. However, I feel guilt about the fact that this money is unearned. Do you have any thoughts on this? Eric wants to know: Should he stick with a high-deductible health insurance plan if he's starting a family? Hailey says: I just graduated from college; I'm making $30,000 per year, but I only work 30 hours per week, so I have time to work on side projects. I'm working on two small businesses, and also interested in buying a rental property. Where should I focus my time and dollars? Enjoy! For links and information to the resources mentioned, like Glassdoor.com, Salary.com, and Paula's article: Should You Pay Cash for a Car? -- visit http://affordanything.com/episode76 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.
0:11.4	Every decision that you make, whether it's about money, time, energy, focus, everything
0:16.6	that you spend is a trade-off against something else.
0:19.5	Saying yes to one thing implicitly means saying no to another.
0:23.1	So what are your priorities?
0:24.8	What's important to you?
0:26.2	And how are you going to make sure that your day-to-day actions align with those priorities?
0:29.9	This is the afford anything podcast where we look for answers to those questions.
0:35.1	My name is Paula Pat, I'm the host and today I'm answering questions that you the listeners
0:39.2	have sent in and I'm doing so alongside my buddy Joe Salciai.
0:43.8	Enjoy!
0:44.8	Joe!
0:45.8	Paula!
0:46.8	We start every single one like this, like with me just yelling out your name.
0:55.6	Like, like, like, like, I love it when women yell my name.
0:58.8	I'm like, what's that?
0:59.8	Are we cutting that part?
1:00.8	At least it's not an angry ad.
1:04.4	Joe!
1:05.4	Right.
1:06.4	Joe, or if it's mom, right?
1:08.2	I mean, when mom does that when we're not cleaning the basement like we should be, it's
	...

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