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Afford Anything

Ask Paula: I’m Worried My Parents Are Getting Ripped Off By Their Financial Advisor … Help!

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 19 January 2022

⏱️ 62 minutes

🧾️ Download transcript

Summary

#360: I’m worried my parents are getting ripped off by their financial advisor. What should I do? My wife is trying to qualify for student loan forgiveness … but we might lose a bunch of tax benefits in the process. Is it worth the risk? I’m enrolling in grad school, and I want to optimize how to pay for rent and groceries. Should I use money from a 529 plan? Three callers. Three questions. In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough Q’s. Enjoy! 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. Subscribe to the show notes at https://affordanything.com/shownotes 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.

0:11.1

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

0:15.5

apply to your money.

0:17.0

That applies to any limited resource you need to manage, like your time, your focus,

0:21.6

your energy, your attention.

0:23.8

Saying yes to something?

0:25.4

That means saying no to all other available options.

0:30.8

That opens up two questions.

0:32.4

First, what matters most?

0:34.4

Second, how do you align your decision making around?

0:38.6

That which matters most.

0:40.7

Answering these two questions is a lifetime practice, and that's what this podcast is

0:44.4

here to explore and facilitate.

0:46.8

My name is Paula Pant, I am the host of the Afford Anything Podcast.

0:50.1

Every other episode, we answer questions from you, the community, and my buddy,

0:55.3

former financial planner, Joe Saw C. Hi, joins me to answer these questions.

0:59.8

What's up, Joe?

1:00.8

Well, you know what?

1:01.8

It's just not me joining you.

1:02.8

We have to really talk about this, Paula, because it really is that you always, you're

1:07.0

so gracious.

1:08.0

You introduce me very nicely.

...

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