Ask Paula - How to Invest Your Tax Refund, Save for College, and Avoid Massive Pitfalls

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 13 March 2017

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

#68: My buddy Joe Saul-Sehy, host of the Stacking Benjamins podcast, joins me this week for another episode of "Ask Paula (and Joe!)" -- in which we workshop through questions that came from you, the Afford Anything community. This week, Joe and I answer questions such as: - I'm getting a $2,500 tax refund. Should I use this to invest, repay debt, or upgrade my home? - I'm debt-free (except a reasonable mortgage) and maxing out my retirement accounts. What else should I be doing? - I've started savings accounts for my two daughters, ages 3 and 6, so that they can access this money for big-ticket expenses when they're young adults. How should I invest this money? - I'm interested in socially responsible investing. What specific funds should I look at? - What's your opinion of high-dividend ETFs? - What's your opinion of using whole life insurance as a 'creative' wealth-building strategy? Enjoy! -- Paula For more information, visit the show notes at https://affordanything.com/episode68 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.
0:10.8	And that's true, not just of your money but also your time, energy, focus, attention,
0:15.2	any scarce or limited resource in your life.
0:17.2	And I am not saying this to promote a scarcity mindset.
0:20.0	On the contrary, I'm a big believer in abundance in every facet of your life.
0:24.2	But I also recognize that we've got to make choices, we've got to make decisions.
0:29.9	And this show, the Affordable Anything Podcast, is dedicated to learning how to make better,
0:36.1	smarter, wiser decisions so that your actions can align with your values, your priorities,
0:42.6	the type of life that you want to create.
0:45.5	My name is Paula Pant, host of the Affordable Anything Podcast.
0:48.6	And today, I am answering questions that you, the community, have sent in.
0:54.2	And I am bringing a buddy of mine along for the ride.
0:56.7	His name is Joe Saul Sihai.
0:59.3	He's the host of the Stacking Benjamin's Podcast.
1:02.1	And he and I, we've been good friends for many years, are going to be co-answering your
1:06.6	questions together.
1:07.6	So let's take it away.
1:09.6	Joe, what's happening?
1:16.8	Paula, you're happening.
1:18.4	I am happening.
1:19.4	I'm so hip and happening.
1:21.4	Has anybody ever said that since like the 1980s?
	...

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