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Afford Anything | Make Smart Money Choices

Ask Paula: Should I Sell My Rental Property to Pay Off My Student Loans?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 18 March 2019

⏱️ 53 minutes

🧾️ Download transcript

Summary

#183: Should a newlywed couple with two cash flowing rental properties sell one to pay off $92,000 of student loan debt? What percentage of your portfolio should you have in rental properties? What's the smartest way to approach rental property investing, particularly if you get anxiety thinking about tenant requests? How much should high interest rates impact your decision to buy a rental? I answer these four questions on today's episode, plus, I have a big announcement regarding the future of real estate Ask Paula episodes, so check it out. :)   For more information, visit the show notes at https://affordanything.com/episode183  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 decision that you make is a trade-off against something else.

0:13.5

And that doesn't just apply to your money.

0:14.8

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

0:18.0

It applies to anything in your life that's a limited resource.

0:20.9

And that leads to two questions.

0:22.7

Number one, what matters most to you?

0:26.0

Not what a society tell you ought to matter most.

0:28.9

But what actually matters to you in your life?

0:32.4

And number two, how do you live your life accordingly?

0:37.2

Answering those two questions requires a lifetime of practice.

0:40.6

And this podcast is here to help facilitate that.

0:43.4

My name is Paula Pant.

0:44.4

I'm the host of the Affordable Care Foundation.

0:46.5

And before we get into today's episode, I want to talk about something that's been bothering

0:50.2

me for a while.

0:52.0

I go to a lot of face-to-face events and meet-ups that are around the personal finance

0:58.3

or financial independence community.

1:00.4

And I go to these so that I can connect with people.

1:03.7

And that connection is what makes it worthwhile.

1:07.8

But lately, I've realized that when I go to these, what often happens is that people want

1:14.2

to talk to me about real estate.

...

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