Ask Paula: Investing for the Future vs. Paying Down the Past
Afford Anything | Make Smart Money Choices
Paula Pant | Cumulus Podcast Network
4.7 • 3.6K Ratings
🗓️ 13 December 2023
⏱️ 64 minutes
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| 0:00.0 | Joe have a car loan I have had a car loan I used to have car loans all the time |
| 0:05.4 | Ah Interesting was your car loan ever six percent I had a car loan once that was higher than six% because my credit was awful and I didn't have any money |
| 0:15.3 | and the only way I could get a car was to have I might have had a car loan at 8%. |
| 0:19.2 | Oh, well, yeah, winner. |
| 0:22.2 | This. Well, we, we, uh, this. Winner. |
| 0:23.0 | Loser. |
| 0:25.0 | Well, this is a little bit of foreshadowing as to the first question that we're about to answer. |
| 0:31.0 | Welcome to the afford anything podcast, the show that understands you can afford |
| 0:35.2 | anything but not everything. Every choice that you make carries a trade-off. |
| 0:40.3 | So what matters most and what matters most with regard to your money, with regard to your time, |
| 0:46.7 | with regard to your energy, with regard to all of the limited resources you need to manage? |
| 0:51.3 | That's the question this show is here to help puzzle out. My name is |
| 0:55.6 | Paula Pan. I'm the host of the Afford Anything Podcast every other week. We answer questions that come from |
| 1:00.8 | you, the community, and we do so alongside my buddy, the former financial planner, |
| 1:06.0 | Joe Saul C. Hi. What's up, Joe? |
| 1:08.0 | Well, just hanging out here, got my coffee, got Paula on the line, and I'm super excited to help you out. |
| 1:15.8 | Awesome. Well, our first question today comes from Kayla. |
| 1:18.6 | Hi Paula and Joe, my name's Kayla and my husband and I recently moved across the country in order for him to accept a new high-paying job |
| 1:29.6 | following about half a year of job searching after a layoff. |
| 1:34.0 | We're excited to be in this new city with lower rent, |
| 1:37.0 | however we have one big expense. |
| 1:39.0 | That's because we don't currently have a car and we definitely need one in our new city. |
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