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Afford Anything | Make Smart Money Choices

Ask Paula - Should I Invest in Index Funds or Rental Properties?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 7 December 2018

⏱️ 55 minutes

🧾️ Download transcript

Summary

#165: Should Kim, an entrepreneur, invest in index funds or rental properties? Should Nick, an MBA student, househack into a more-expensive home with stronger cash flow, or a cheaper home with more budgetary wiggle room? Should Kelly, who is getting married soon, sell her current home and use the proceeds to buy multiple rentals? Or should she use her current home as a rental property? Should Trayci and her sister invest in rental properties or bare land? I answer these four questions in today’s episode. We’re a weekly show, but on the first Friday of the month, we air a bonus episode. This is our December 2018 First Friday Bonus Episode. Enjoy! More resources and be found at https://affordanything.com/episode165  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.

0:11.5

Every yes to something is a no to something else.

0:14.0

There's an implicit, explicit trade-off with everything.

0:18.8

And this concept doesn't just apply to your money.

0:21.6

It applies to your time, your focus, your energy, your attention.

0:25.1

It applies to anything in your life.

0:26.9

It is a limited resource and that leads to two questions.

0:30.6

Number one, what matters most to you?

0:33.4

Not what the society say ought to matter most, but what actually matters in your life.

0:38.9

And number two, how do you align your daily decisions in accordance?

0:43.8

Answering these two questions is a lifetime practice.

0:47.4

And that is what this podcast is here to explore.

0:50.2

My name is Paula Pant.

0:51.2

I'm the host of the Afford Anything Podcast.

0:53.6

Normally we're a weekly show.

0:55.2

We air every Monday morning.

0:57.3

But once a month on the first Friday of the month, we air a first Friday bonus episode.

1:04.0

Welcome to the December 2018 first Friday bonus episode.

1:09.0

Now in three out of every four episodes, we talk about a wide range of topics from creating

1:15.0

better habits to making smarter decisions, to reaching financial independence.

1:20.2

But in one out of every four episodes, we talk specifically about real estate investing.

1:25.3

This is that one in four episode.

...

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