Q&A: Should We Ditch Rental Properties Entirely?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 19 November 2024

⏱️ 73 minutes

🔗️ Recording | iTunes | RSS

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Summary

#559: An anonymous caller, whom we name “Samantha,” and her husband are financially strained and feeling torn. Shortly after purchasing two rental properties, their income dropped dramatically. Should they sell? Tina is a full-time environmentalist. She’s worried that her index funds don’t align with her values on sustainability. Is there a world where she can be a savvy investor and fight climate change? Another anonymous caller, whom we name “Sarah,” is excited and uncertain about her growing business. Should she hold steady or invest more resources into it? And how does she know if she’s making the right call? 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/voicemail. For more information, visit the show notes at https://affordanything.com/episode559 The Efficient Frontier: Join Joe for an exclusive live session all about the efficient frontier (aka the secret sauce of smarter investing). This 90 minute online event is Thursday November 21st at 8pm ET / 5pm Pacific. Head on over to http://stackingbenjamins.com/efficient to grab your spot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, you used to have rental properties and then you exited entirely out of the game.
0:05.0	I did. I disliked being a landlord. I get it. I understand why it's a great investment. Not for me.
0:10.8	Wow. And see, this is how we're the opposite, which is why we're such a good pair because I, as you know, am gung-ho all about rental properties.
0:19.2	So we, together, are going to tackle a call from a listener who's wondering whether or not
0:26.7	she should exit out of the rental property game entirely.
0:30.5	Yes.
0:31.3	Oh, I'm sorry.
0:34.4	Joe, you haven't heard the question yet.
0:36.4	Oh, my bad.
0:39.3	We're also going to be hearing from a listener who is interested in environmentally friendly, sustainable investing and is wondering what pointers we have.
0:49.0	And then we're going to go peel back the curtain.
0:52.0	Is that the expression peel back?
0:53.7	No, you don't peel a curtain. Peel back the onion. You peel the expression, peel back? No, you don't peel a curtain.
0:54.8	You peel back the onion. You peel the onion. You peek behind the curtain. Peek behind.
1:00.2	Peek, peel. How can you keep these words straight? It's, there's so much. All right, we are going to peel back the onion and peek behind the curtain and talk in response to a third listener's question about the behind
1:12.7	the scenes of running a content business specifically podcasts. But even to widen it out,
1:18.1	Paul, I think that question also is even just more about the nature of entrepreneurship and
1:22.3	when do you take the plunge if you're going to do it. Exactly. Yeah. When do you decide that
1:27.2	it's time to double down?
1:28.5	It's time to invest.
1:29.5	It's time to take the little bit of money that you're making.
1:32.9	And rather than spend it on yourself, pump it back into your business.
	...

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