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Afford Anything

Ask Paula: How To Prepare for A Layoff

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 5 April 2023

⏱️ 75 minutes

🧾️ Download transcript

Summary

#435: Lee is 30 and facing a tech layoff. She can live for a year on her savings. She’s thinking about taking the rest of the year off. How should she prepare her investments? Stacy wants to buy an Airbnb but she’s scared she’ll regret selling her company stock to do it. An anonymous caller is tired of living paycheck-to-paycheck as a freelance artist. How can she stabilize an inconsistent income? Danelle is a DIY investor. She can’t find a financial advisor who gives advice without insisting on managing her investments. Is she looking in the wrong places? Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. For more information, visit the show notes at https://affordanything.com/episode435 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Do you go throw spaghetti at your wall and see if it sticks?

0:02.7

You know, I have quite literally done that once or twice.

0:05.8

I think largely because I wanted to test whether or not the metaphor made sense.

0:10.2

It actually worked.

0:11.0

Yeah, exactly. It works.

0:12.3

It works.

0:12.9

But I don't eat the strands of spaghetti that hit the wall. I eat the rest of the pot.

0:16.7

Oh, thanks for clueless.

0:18.8

You can afford anything but not everything.

0:29.0

Every choice that you make is a trade-off against something else.

0:31.7

And that doesn't just apply to your money that applies to any limited resource you need

0:34.5

to manage, like your time, your focus, your energy, your attention.

0:38.7

So what matters most?

0:40.9

And how do you make choices that reflect that?

0:43.1

That's what this show is all about.

0:44.9

My name is Paula Pant.

0:45.9

I'm the host of the Afford Anything Podcast.

0:48.2

Every other episode, we answer questions that come from you and my buddy, former financial

0:52.2

planner Joe Saw See High, joins me to answer these questions.

0:55.0

What's up, Joe?

0:56.0

I can, Paula.

0:57.0

I've been trying to tell airplane jokes lately, but none of them land.

...

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