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

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 12 January 2023

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

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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