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Afford Anything | Make Smart Money Choices

Ask Paula: We’re Saving 72 Percent Of Our Income … and It SUCKS

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 12 January 2023

⏱️ 75 minutes

🧾️ Download transcript

Summary

#422: Emily is saving aggressively for financial independence, but it’s hard to enjoy the present. Is it time to increase spending? Monroe wants to stop working. Forever. Which is more important: debt payoff or investing? Another anonymous caller and his spouse dream of building a homestead on an expensive piece of land. How much is too much to spend on housing? Given the high costs of moving, Sarah wonders if buying a starter home is the best decision. Should she and her fiance jump straight to buying their forever home? 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 For more information, visit the show notes at https://affordanything.com/episode422 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.

0:11.0

Every choice that you make is a trade-off against something else and that doesn't just

0:14.2

apply to your money.

0:15.4

That applies to your time, your focus, your energy, your attention, any limited resource

0:20.4

that you need to manage, saying yes to something implicitly carries trade-offs.

0:26.2

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

0:32.1

that align with what you really want?

0:36.6

Answering those two questions is a lifetime practice. And that's what this podcast is

0:40.4

here to explore and facilitate. My name is Paula Pant. I am the host of the Affordable

0:45.0

Support Support Support Support Support Support Support Support Support Support Support Support

0:47.0

Every other episode we answer questions that come from you. And today, former financial

0:52.4

planner, Joe Salcihi joins me to answer these questions. What's up, Joe?

0:57.4

Paula, I come here with big news. What's that?

1:01.3

I just started writing my name again in cursive, which I think has become my signature move.

1:08.3

Ha! Come on, come on, who's with me? How are you, Paula? You're doing well tonight.

1:17.4

I was. I'm so happy to be here. Oh, fantastic. We've got, as always, four fantastic questions.

1:28.2

The questions that we receive tend to center around a specific theme. We never try for

1:35.0

this. We don't select our questions in that way. But today, all of the questions that

1:41.6

we're going to answer deal fundamentally with a trade-off. A trade-off, right, with the

1:49.7

question of what do I want most and or what do I not want least? Yeah.

1:56.8

So our first question comes from Sarah.

2:00.0

Hi, Paula and Joe. I love listening to your podcast and I can't wait to hear your advice.

...

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