Ask Paula: My Parents Are Drowning In Credit Card Debt. What Should I Do?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.7 • 3.6K Ratings

🗓️ 1 March 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

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Summary

#430: D is worried that she’s going to suffer from her parents’ poor financial choices. Is it time to confront them about it? An anonymous caller and her fiance both own a house. Which one do they move into after the wedding? In a world of rising inflation, Nick wants to know if it’s time to change the way he saves for his future. Another anonymous caller wants to buy a second home within a decade. How does she start planning now? Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. For more information, visit the show notes at https://affordanything.com/episode430 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	If someone in your family runs up credit card debt, could you be on the hook?
0:04.4	Where should you put your savings when there's a ton of inflation?
0:08.3	If you're a couple, and you both own homes, who's house do you move into?
0:13.3	And if you want to buy a second home, how do you start planning?
0:16.6	We're going to answer those four questions in today's episode.
0:20.8	Welcome to the Afford Anything Podcast, the podcast that understands that you can afford
0:25.0	anything but not everything.
0:27.4	Every choice you make is a trade-off against something else.
0:29.7	So what matters most to you?
0:32.9	That's what we're here to answer.
0:34.0	My name is Paula Pant.
0:35.0	I am the host of the Afford Anything Podcast.
0:37.6	Every other episode, we answer questions that come from you, and we do so with my buddy,
0:43.6	former financial planner Joe Sawsihai.
0:45.1	What's up, Joe?
0:46.1	I got the mailbag right here, Paula, and it is brimming.
0:49.5	Brimming?
0:50.5	With good stuff.
0:51.5	Exactly.
0:52.5	Joe, what do you think of our new intro?
0:54.4	I think it's amazing.
0:55.4	I had goosebumps.
	...

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