Ask Paula: No Spouse, No Family - How Do I Financially Prepare For Care Later In Life?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 9 February 2022

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

#364: Our first caller is curious about whether he should keep his 30 year term life insurance policy or let it lapse with 12 years left on the policy? Anonymous is wondering which financial products would work best for to cover her older age care and expenses? Max is thinking through real estate and stock market returns as they relate to future population trends. Ramon asks us about the details behind infinite banking. Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it at https://affordanything.com/voicemail and we’ll answer them in a future episode. Enjoy! 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.
0:10.8	Every choice that you make is a trade-off against something else and that doesn't just
0:14.3	apply to your money.
0:15.6	That applies to any limited resource that you need to manage.
0:18.4	Like your time, your focus, your energy, your attention, saying yes to something, implicitly
0:23.9	means turning away all other options and that opens up two questions.
0:28.6	First, what matters most?
0:30.6	What are your priorities?
0:31.6	What are your values?
0:33.2	And second, how do you align those with your decision making?
0:37.5	How do you execute choices on a daily, weekly, monthly, yearly basis that reflect that
0:43.2	which matters most?
0:45.0	Answering these two questions is a lifetime practice and that's what this podcast is here
0:48.7	to explore and facilitate.
0:51.0	My name is Paula Pat.
0:52.0	I'm the host of the Affordable Care Foundation.
0:54.3	Every other episode we answer questions that come from you, the community.
0:57.9	And my buddy, Joe Salcihi, former financial planner is with me to answer these questions.
1:03.4	What's up, Joe?
1:04.4	How are you, Paula Pant?
1:06.9	That's a loaded question.
1:09.4	Can I plead the fifth?
	...

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