meta_pixel
Tapesearch Logo
Log in
Afford Anything

Ask Paula: Should I Sell My Rentals to Buy More Stocks?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 26 October 2022

⏱️ 70 minutes

🧾️ Download transcript

Summary

#409: Liz and her husband are planning to retire in 5 to 10 years. They have rental income properties, but Liz is bored of managing these, and she’s intrigued by the idea of buying stocks at a discount when the market is low. Should she sell her rental properties and use the money to buy stocks instead? Rebecca is a high income earner and thinking about investing in a Roth 401k … but she’s scared of how much she’ll have to pay in taxes. Should she do it anyway? Anonymous made big changes last year: she got a new career AND sold a house! Now she needs help figuring out capital gains and lowering how much she’ll have to pay in taxes … and she won’t have access to her company’s 401K for most of the year. Kyle and his wife are moving into their dream home! What should they do with their current place? 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 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

You can afford anything but not everything. Every choice that you make is a trade-off

0:13.2

against something else and that doesn't just apply to your money, that applies to your

0:16.2

time, your focus, your energy, your attention, any limited resource that you need to manage.

0:21.4

And that opens up two questions. First, what matters most? And second, how do you make decisions

0:27.4

that align with your highest priorities? Answering those two questions is a lifetime practice.

0:34.6

And that's what this podcast is here to explore and facilitate. My name is Paula Pant, I'm

0:39.6

the host of the Affordable Care Foundation. Every other episode we answer questions that

0:43.8

come from you, the community, and my buddy, former financial planner and former Detroit

0:50.0

television money guy, Joe Salcihi, joins me to answer these questions. What's up, Joe?

0:55.8

Why do we add that in this week? Yeah, you know, just I feel like a lot of people don't

0:59.5

know that about you. Once upon a time, you were the Detroit TV money, dude.

1:03.2

I was for nine years. I was. And it was a great time. You know, it's funny. Well, I think

1:08.4

it's funny. Your results may vary. But I moved back to Detroit and I thought, oh, I'll

1:12.4

go get my old gig back because I still know a bunch of the producers there. Talk to Tim,

1:16.5

the executive producer. He's like, yeah, we have a new news director. I'll start talking

1:20.1

to him. And the two years I was there, I did some segments on Detroit TV to help them

1:25.1

with their new stuff, but I didn't have my old go back, go on, sit on set with the

1:30.2

anchors and chat about money twice a week role that I had before. I moved back to Texarkana.

1:36.6

The week I get here, Paula, the week I get here, Tim writes to me and said, Hey, we need

1:43.6

you back. We'd like you to come back and be the money man twice a week again. I'm like,

1:47.7

I moved away. You moved to Texas. Yeah. I can do it on Skype and guess what the end?

1:52.2

Yeah. We want somebody local. Yeah. Well, it makes sense. Well, the good news is you get

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Paula Pant | Cumulus Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Paula Pant | Cumulus Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.