Ask Paula: Okay Seriously, Why Hasn’t Anyone Solved the Budgeting Issue?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 1 February 2022

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

#362: David is questioning how to better manage his spending. He’d like a stronger framework to think through budgeting challenges. Elisa and her husband bought a home, and now they’re saving extra income every month. She has a pension and her husband is an entrepreneur. How much should they be saving for retirement and how should they invest their extra money? Geoff invested primarily in taxable brokerage accounts for the last twenty years. He’s built a $6 million portfolio and reached financial independence. He wonders about the smartest strategy for withdrawing from those taxable brokerage accounts to efficiently manage capital gains? Jenna and her husband are planning on buying their next home in a few years. She wants to know if I-bonds are a good way to save for the down payment and closing costs. 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. Subscribe to the show notes at https://affordanything.com/shownotes 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.
0:11.2	Every choice that you make is a trade-off against something else.
0:14.3	And that doesn't just apply to your money, that applies to your time, your focus, your
0:18.1	energy, your attention, any limited resource that you need to manage.
0:22.7	Saying yes to something implicitly means, turning away all other options.
0:28.5	And that opens up two questions.
0:30.5	First, what truly matters.
0:32.5	Second, how do you make choices that reflect that which matters most?
0:39.6	Answering those two questions is a lifetime practice and that's what this podcast is here
0:42.6	to explore and facilitate.
0:45.1	My name is Paula Pat.
0:46.1	I'm the host of the Afford Anything Podcast.
0:48.9	Every other episode, we answer questions that come from you and my buddy, former financial
0:54.7	planner, Joe Salcihi, author of the new book, Stacked, your super serious guide to money
1:00.5	management.
1:01.5	Joe's here with me to answer these questions.
1:03.3	What's up, Joe?
1:04.3	I was going to say, Paula, we should light this candle.
1:07.0	But as you know, we already lit the candle before we started.
1:09.7	Exactly.
1:10.7	Yes.
1:11.7	So Joe and I, a little behind the scenes here, Joe and I recording this on Skype, I look
	...

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