Ask Paula: Is a Crash Coming?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 22 June 2022

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

#387: Lila is concerned about inflation and the risk of a recession. Should she invest in the stock market, despite the scary headlines? Or should she pay off her primary residence or her investment properties? Linda invested in a 529 for her son’s college, and he’ll be starting in the fall. But, the value of the plan dropped right before she was planning on using it and she is wondering how to keep from losing more money. Jen and her husband want to retire in 8 years. They’re hoping to have paid off their mortgage AND hit their net worth goals when they stop working. How should they prioritize between these two goals? 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. Enjoy! For more information, visit the show notes at https://affordanything.com/episode387 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.
0:11.0	Every choice that you make is a trade-off against something else and that doesn't just
0:14.0	apply to your money, that applies to your time, your focus, your energy, your attention
0:18.8	to any limited resource that you need to manage.
0:22.0	Saying yes to something implicitly means you're turning away other opportunities.
0:26.8	And that opens up two questions.
0:28.6	First, what matters most?
0:30.8	Second, how do you align your decision-making in the moment with that which matters most?
0:38.7	Answering these two questions is a lifetime practice and that's what this podcast is here
0:44.7	to help you explore.
0:46.6	My name is Paula Pat.
0:47.6	I'm the host of the Afford Anything Podcast every other week.
0:51.8	We answer questions that come from you, the community and my buddy, former financial planner
0:56.7	Joe Salcihi joins me to answer these questions.
0:59.7	What's up, Joe?
1:00.7	Somebody while I was on the road said, hello, Joe Salcihi, former financial planner.
1:04.7	I'm like, hello stacked event attendee.
1:09.9	I'm glad that my introduction to you surpasses this moment.
1:16.8	It lives on.
1:17.8	I guess so.
1:18.8	I don't know.
1:19.8	Yes, somebody was echoing that.
	...

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