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Afford Anything | Make Smart Money Choices

Imagine You Only Have 10 Years to Live ...

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 7 August 2017

⏱️ 43 minutes

🧾️ Download transcript

Summary

#89: Imagine you’re financially secure. You have enough money to support yourself, your family and pursue your dreams. You’ll need to continue working, but it’s fulfilling work with a reasonable schedule. What would you do with both your time and money? Next, imagine you’re financially independent. You DON’T need to work anymore. Your investments create enough money to support yourself and your family. What would you do? Okay, let's shake things up. Imagine you visit your doctor, who tells you that you only have 5-10 years to live. You’ll never feel sick, and you’ll have no advance notice of the moment of your death. Your financial position is the same as it is today. What would you do? Now imagine the same scenario as before -- you have 5-10 years to live -- but in this scenario, you have unlimited funds. What would you do? These are 4 of the 11 questions about money and life that I asked a crowd of 100+ people at the World Domination Summit. I share the rest of the questions on today's episode. Get Rich Slowly founder J.D. Roth also joins me on this episode to discuss building a fulfilling life. For more, visit http://affordanything.com/episode89 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.

0:11.1

Every decision that you make is a trade-off against something else and that's true not

0:14.7

just of your money, but also your time, your energy, your life.

0:19.3

Every day that you spend doing X is a day that you don't spend doing Y.

0:23.0

So what do you want to spend your days doing?

0:25.9

My name is Paula Pant.

0:26.9

I'm the host of the Affordable Care Foundation and in today's episode I'm going over 11

0:32.2

questions that may help you figure out how you want to spend your days, what you want

0:37.1

to do in the next 24 hours in the next week, month, year.

0:41.0

And how the decisions you make about money can fit into those plans.

0:45.0

Now the backbone of these 11 questions came from three questions that my good friend,

0:51.2

J.D. Roth, the founder of the website Get Rich Slowly, has been posing in workshops and

0:56.7

in his writing for many years.

0:58.2

And so I invited J.D. to come onto the show with me so that we could discuss these questions,

1:03.9

these questions that help you figure out how to make wiser decisions about money in life.

1:09.9

So without further delay, here's myself and J.D. Roth from Get Rich Slowly and now the

1:15.3

website Money Boss.

1:16.9

To cover 11 illuminating questions about figuring out what really matters.

1:23.9

Hey J.D.

1:26.9

Hey Paula.

1:27.9

How's it going?

1:28.9

It's going great.

...

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