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Afford Anything

Ask Paula: Investing for the Future vs. Paying Down the Past

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 13 December 2023

⏱️ 64 minutes

🧾️ Download transcript

Summary

#477: Kayla is torn between paying off a loan early or catching up on missed retirement contributions. Josh wants to retire early and meets the threshold for zero capital gains taxes. Should he put all his retirement savings into a brokerage account? An anonymous caller wants to know how to merge financial lives with her husband from another country. Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episode477 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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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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