PSA Thursday: How Can I End 2020 in a Stronger Position Than I Started It?
Afford Anything | Make Smart Money Choices
Paula Pant | Cumulus Podcast Network
4.7 • 3.6K Ratings
🗓️ 14 May 2020
⏱️ 31 minutes
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| 0:00.0 | Welcome to PSA Thursday. This is a weekly bonus segment of the Affordable Care Podcast |
| 0:04.6 | in which we talk about how to handle your money, your work, and your life during a pandemic. |
| 0:10.0 | How can you come out of this stronger than when you went into it? |
| 0:13.9 | That's the question we are going to address today. My name is Paula Pant. I'm the host |
| 0:17.4 | of the Affordable Care Podcast and to kick off today's episode, I'd like to play for |
| 0:21.3 | you a question that comes from a member of our community and that many of you might be |
| 0:26.3 | able to relate to. Here it is. |
| 0:29.5 | Hi Paula. I have a question for you about how to best position myself in the changing |
| 0:36.3 | economy. So a little bit about my situation. I graduated from college in 2010, which as |
| 0:44.4 | well known is shortly after our big economic recession. It was a really hard time to enter |
| 0:50.7 | the working world. I felt like my focus was on getting a job. And even though I could |
| 0:55.9 | see that there were great incentives for buying a house at that time, I just wasn't |
| 1:00.0 | in a position to take advantage of any of them. And so my personal career has grown along |
| 1:05.7 | with the economy. Even though now I have a stable job and income and savings, the cost |
| 1:11.8 | of things is significantly higher. So I look at the houses that I would like to buy and |
| 1:16.2 | they all seem pretty much more than I feel comfortable paying for. And so I know that |
| 1:22.1 | I've had a talk with friends at different times and we're like, man, wouldn't it be |
| 1:25.8 | great if the economy just had like a little bit of a dip. Then we could take some of this |
| 1:30.2 | money that we've been saving and working hard for and putting it into investments that |
| 1:34.6 | yield decent rates of return. It seems like this is the time. It's happening. And I just |
| 1:40.4 | want to make sure that I'm making wise choices and doing things as best as I can to, I guess, |
| 1:47.2 | optimize as things are a little chaotic and unpredictable. Do you have any thoughts |
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