My Husband Makes Double My Income, But Saves Nothing! Should I Be Worried?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 20 March 2024

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

#494: Tatyana is about to pay off her house at age 39! What’s next? Her husband, who earns twice as much (and whom she met after she bought the home), has no savings. They want a boat. Should she focus there? Matthew recently ended a relationship that resulted in a real estate buyout with an 8.1 percent interest rate. With rates expected to decline, how long should he wait to refinance the loan? Rachel’s friends know her as the finance gal, but she’s stumped about closed-end funds. What should she know about these investments? Erin and Angelique call in with a loan strategy to tackle Steve’s double mortgage dilemma from Episode 478. 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/podcast-questions For more information, visit the show notes at https://affordanything.com/episode494 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey, we have just a few tickets left for our live recording in Brooklyn of episode 500,
0:05.4	featuring special guest Brad Barrett, host of Chousethai.
0:08.8	We are actually doing two recordings that night, so episode 500 and 501. The recording is on March 26. The earlier
0:16.1	recording is almost sold out. We all are a bunch of early birds. The later
0:21.0	recording we still have some spots available. You can get tickets at afford
0:25.8	anything.com slash live 500. That's afford anything.com slash live L-I-V-E-500.
0:32.2	Joe have you ever live L-I-V-E-500.
0:36.0	Joe, have you ever paid off a home? I have not. I've always subbed that because I had low interest rates and I had low manageablemanagement payments and instead say for my long-term goals.
0:46.8	Ah interesting and I took the opposite track.
0:49.8	I decided that that was going to be priority.
0:52.5	And so I have seven doors and I paid them all off, free and clear.
0:55.3	I hear a discussion coming.
0:56.9	I do too.
0:58.5	Well, welcome to the Afford Anything Podcast,
1:00.4	the show that understands you can afford anything but not everything.
1:04.0	Every choice that you make is a trade-off against something else and that doesn't just apply to your money.
1:09.0	It applies to any limited resource that you need to manage like your time your focus your
1:14.2	energy your attention so what matters most and how do you make decisions
1:19.6	accordingly answering these two questions is what this show is all about. My name is Paula Pan, I'm the host of the show.
1:26.4	Every other episode we answer questions that come from you, the audience, and my buddy, the former financial planner planner Joe Saul C. High who got kicked out of the
1:36.6	financial planning world.
1:38.6	He booted to the curb.
	...

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