Ask Paula: If I Were to Interview Suze Orman Again Today, How Would It Go?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Investing, Entrepreneurship, Business

4.7 • 3.6K Ratings

🗓️ 4 January 2021

⏱️ 77 minutes

🔗️ Recording | iTunes | RSS

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Summary

#294: Jeffrey is curious: if I were to interview Suze Orman today, would I agree more or less with her thoughts on the financial independence retire early (FIRE) movement? Matt wants to know: if a property cash flows really well, is it worth paying significantly more than the appraised value to purchase that income stream? Sara and her husband are returning to the states after living abroad for a few years. They’re moving to an expensive area where three to four bedroom homes cost $800,000+. They have $150,000 saved for a downpayment, but a $600,000 mortgage isn’t what they had in mind. What should they do? Eva and her partner are squirreling away money before the birth of their baby. They’d like to pay off their $90,000 mortgage in three years, but they’re afraid to use the money in case of unexpected baby expenses. What’s their best move? Justin and his wife want to take a gap year with their children in three years. They plan to visit Spain and London for six months each. What are unexpected expenses that they should factor into their budget? Former financial planner Joe Saul-Sehy and I answer these questions on today’s episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode294 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.
0:12.1	Every choice that you make is a trade-off against something else, and that doesn't just
0:15.9	apply to your money, that applies to any limited resource that you need to manage, like
0:20.4	your time, your focus, your energy, your attention.
0:24.0	Being yes to one thing means saying no to other potential opportunities.
0:29.6	The concept of afford anything is the concept of opportunity cost.
0:33.9	And that opens up two questions.
0:36.0	First, what matters most to you?
0:39.0	What do you prioritize above all else?
0:41.0	And second, how do you make decisions on a daily, weekly, monthly, yearly basis that reflect
0:47.5	that?
0:48.5	Answering these two questions is a lifetime practice.
0:51.2	And that's what this podcast is here to explore.
0:53.6	My name is Paula Pant.
0:54.6	I am the host of the Afford Anything Podcast.
0:57.3	Every other episode, I answer questions that come from you, the community.
1:01.0	And today, former financial planner, Joe Salcihi, joins me to answer these questions.
1:06.2	What's up, Joe?
1:07.2	You know what I prioritize, Paula?
1:09.4	What's that?
1:10.4	I prioritize spending 2021 with you and the Afford Anything family.
1:15.8	Oh.
	...

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