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Afford Anything

Financial Lessons We Learned - and What’s Ahead for 2025

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 30 December 2024

⏱️ 61 minutes

🧾️ Download transcript

Summary

#569: Let’s take a look back on the biggest financial and economic stories of 2024 - and a look ahead to 2025! The Fed GDP The Bull Market The Deficit Inflation Bitcoin Basel III Endgame and Scientific Breakthroughs References and Resources: Michael Kitces interview https://AffordAnything.com/episode525 One Tweak a Week: https://AffordAnything.com/financialgoals For more information, visit the show notes at https://affordanything.com/episode569 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Happy New Year's Eve. In today's episode, we're going to cover financial and economic lessons

0:05.7

that we learned from 2024, as well as what's ahead for 2025. Welcome to the Afford Anything

0:12.6

Podcast, the show that understands you can afford anything, but not everything. Every choice carries

0:18.0

a tradeoff. And that's true, not just for your money, but your time, focus, energy, any limited resource you need to manage.

0:24.7

This show covers five pillars, financial psychology, increasing your income, investing, real estate and entrepreneurship.

0:30.5

It's double-eye fire.

0:32.3

I'm your host, Paula Pant.

0:33.7

I trained in economic reporting at Columbia, and I help you craft decisions that build wealth.

0:38.5

And speaking of wealth building decisions, what a year, 2024 has been.

0:45.4

The biggest takeaway from this year is that 2024 was a year all about the edges.

0:53.4

Those small shifts that end up making massive differences, we're talking

0:59.5

about the edges that tip the balance over to the inflection point. Because think about it,

1:05.2

we've got the S&P 500 up nearly 34% this year. Inflation has cooled back to a two-handle. That's higher than 2% less than 3%.

1:13.1

And yet, there's an intense undercurrent of caution from some of the biggest voices in finance

1:20.0

who warn us that we're not out of the woods and that warning signs around potential black swans

1:26.5

are present.

1:28.4

So today, we're going to unpack what happened in 2024,

1:32.8

from the resilient U.S. economy to some pretty dramatic developments in science and tech,

1:39.2

that frankly didn't get the attention that they deserved.

1:42.6

And more importantly, we're going to talk about what this means for your money in 2025 and beyond.

1:48.7

So let's dive in with what I think is one of the most compelling storylines of the year.

1:55.8

It's the story of gloom amidst growth.

...

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