Ask Paula: Should We Drain Our Brokerage to Make a HUGE Down Payment?
Afford Anything | Make Smart Money Choices
Paula Pant | Cumulus Podcast Network
4.7 • 3.6K Ratings
🗓️ 10 January 2024
⏱️ 68 minutes
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| 0:00.0 | Joe have you ever drained the money into your brokerage accounts for any reason? |
| 0:04.6 | No, but, but back when I was really bad with money, I would have been happy to have had a bank account to drain. |
| 0:13.0 | Instead I just drained all my credit card limits. |
| 0:15.0 | Oh, even worse. |
| 0:18.0 | Even worse. Okay, well. |
| 0:20.0 | Well, we're going to be answering some questions from this community today, kicking off with, |
| 0:26.1 | I guess someone who's in a better situation than you were. |
| 0:28.4 | So we're going to start with that. |
| 0:31.6 | Welcome to the Afford Anything Podcast, the show that understands you can |
| 0:35.0 | the A4 Anything Podcast, the show that understands you can afford anything but not everything. |
| 0:36.6 | So every choice that you make carries a trade-off and that applies to any limited |
| 0:40.4 | resource that you need to manage, whether it's your time, your money, your |
| 0:43.7 | focus, your energy, and so this is a show all about figuring out what matters most and |
| 0:49.7 | how to make decisions accordingly. I'm your host Paula Pan. Every other episode we answer |
| 0:55.1 | questions that come from you, the community, and my buddy the former financial planner |
| 0:58.9 | Joe Saul C. High joins me to answer these questions. What's up Joe? I am ready to serve. |
| 1:05.2 | Ah, I think we're gonna have some fun with these. We're gonna have an amazing time. |
| 1:10.4 | So a little sneak peek of what's coming up. We've got our first caller who is thinking about |
| 1:18.0 | draining her brokerage account in order to make a bigger down payment on a very expensive property in today's high |
| 1:25.7 | interest rate environment. We've got another caller who wants to take a pay cut in |
| 1:29.9 | order to pursue his passions, but 75% of his net worth is in real estate. |
| 1:36.3 | So is he ready to take a pay cut? |
... |
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