meta_pixel
Tapesearch Logo
Log in
Afford Anything

Ask Paula: How to Invest When You’re Unsure of the Goal

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 8 June 2022

⏱️ 68 minutes

🧾️ Download transcript

Summary

#385: Anonymous (“Jennifer”) keeps hearing us say that you should “start with the end in mind” – that your investments should match your goals and timeline. But what if you don’t have any specific financial goal? What if your risk tolerance is different than you once thought? Rachel’s new employer won’t let her contribute to retirement for more than a year - what should she do?? Carri’s parents are in poor health and can’t work much - what should they do about their life insurance policy and their health insurance? 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. Enjoy! For more information, visit the show notes at https://affordanything.com/episode385 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.

0:10.6

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

0:18.7

to any limited resource that you need to manage.

0:22.4

And that opens up two questions.

0:24.4

Number one, what matters most?

0:27.0

And number two, how do you align your decision making around that which matters most?

0:32.9

Answering these two questions is a lifetime practice.

0:36.4

And that's what this podcast is here to help you do.

0:39.6

My name is Paula Pant, I'm the host of the Affordable Care Foundation.

0:43.0

Every other episode, we answer questions that come from you, the community.

0:47.9

And my buddy, former financial planner Joe Salcihi, joins me to answer these questions.

0:53.4

What's up, Joe?

0:54.4

Now a lifetime practice, lifetime.

0:57.4

Right.

0:58.4

I like the idea of a lifetime membership.

0:59.7

I get really excited about that.

1:01.2

Is this like a lifetime membership thing?

1:02.7

Yeah, it's a lifetime membership to being a human who exists and has money that they

1:08.1

need to manage.

1:09.6

And who's open to sharpening the saw in a continuing basis, which is always a good thing.

1:14.2

Yeah, that commitment to curiosity to lifelong learning, that's such an important skill.

...

Please login to see the full transcript.

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.

Copyright © Tapesearch 2025.