Ask Paula: “We Have $2 Million at 40 – Now What?”

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 8 October 2024

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

#547: An anonymous caller and her husband have a $2 million net worth at 40, but they’re worried that the one-fund portfolio that got them there isn’t good enough anymore. Are they right? Jared feels frustrated that so much personal finance media is centered around tech and freelance workers. Does Paula and Joe have negotiation advice for someone in the union? Sam owns two overseas properties in a country that’s experienced runaway inflation for the past decade. He’s worried he’ll lose $500,000 worth of assets. How does he control the bleeding? Steve is calling back with an exciting update on his house-swapping journey from Episode 487. Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episode547 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe imagine this. You are in the middle of your personal finance journey. Let's say you're in your 40s or 50s.
0:07.0	You've got some good assets saved, but you've got a one fund portfolio, VTSAX.
0:13.6	What would you do next?
0:15.2	Are you just trying to make steam coming out of my ears?
0:17.6	Is that what you're trying to do?
0:19.6	Like, like cartoon?
0:21.1	I would change it.
0:22.4	I would do better. Oh, all right. Well, we are going to take you
0:28.0	up on that challenge because we're going to answer a question today from a caller who is in exactly that boat.
0:36.2	We're also going to talk to somebody who belongs to a union and is wondering whether or not
0:41.5	he can negotiate.
0:43.2	And we're going to talk to someone
0:45.0	who lives in another country and has
0:48.4	a different set of rental property numbers
0:51.4	than what one might expect to find in the US.
0:55.0	And we'll hear an update from a previous caller.
0:59.0	Welcome to the Afford Anything Podcast, the show that understands you can afford anything but not everything.
1:04.0	Every choice carries a trade-off.
1:06.0	And that applies not just to your money, but to your time, your focus, your energy,
1:10.0	your attention to any limited resource you need to manage. So what matters most and
1:16.1	how do you make choices accordingly? That's what this show is here to answer and we cover
1:20.5	five topics. Financial psychology, increasing your income, investing, real estate, and
	...

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