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Afford Anything

Ask Paula: I’m Bored at Work, and I’m 14 Years from Retirement; Should I Tough It Out?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 19 October 2021

⏱️ 63 minutes

🧾️ Download transcript

Summary

#344: Russell’s job offers the option to contribute to a 457 plan. Since he’s in the highest tax bracket, should he take advantage of the tax deferral offered through the 457 or invest within a taxable brokerage account? Anonymous is on track to be financially independent in 14 years, but isn’t living up to her potential working a boring job. How can she live up to her potential and do more without sacrificing her quality of life? C wants to know what tax implications she should consider before working remotely from abroad? Daan is wondering if he should stake or lend his current cryptocurrency portfolio to make additional gains on assets he plans to hold long-term? 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. For more information, visit the show notes at https://affordanything.com/episode344 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.

0:11.6

Every choice that you make is a trade-off against something else, and that doesn't just

0:15.4

apply to your money.

0:17.0

That applies to your time, your focus, your energy, your attention, anything in your life.

0:22.1

That's a scarce or limited resource.

0:24.6

Saying yes to something implicitly means you're turning away all other opportunities, and

0:29.0

that opens up two questions.

0:31.4

First, what matters most?

0:33.2

And second, how do you align your decision-making around that which matters most?

0:40.6

Answering these two questions is a lifetime practice.

0:44.1

And that's what this podcast is here to explore and facilitate.

0:49.1

My name is Paula Pant.

0:50.1

I am the host of the Afford Anything Podcast.

0:52.8

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

0:57.6

And my buddy, former financial planner, Joe Salcihi, is here to answer these questions.

1:03.1

What's up, Joe?

1:04.1

I like how you say that I'm here to answer these questions.

1:06.6

You're not here to answer these questions.

1:08.3

I was actually thinking I was like, oh, I should have said is here so that we can answer

1:12.2

these questions together.

1:13.2

It's a good idea.

1:14.2

But I was like, should I pause and do a retake?

...

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