Q&A: We Save $5,000 Per Month. Where Should We Invest It?

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Investing, Entrepreneurship, Business

4.7 • 3.6K Ratings

🗓️ 12 April 2024

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

#499: Eugene and his wife are retiring with a $10 million net worth and a guaranteed income that exceeds their annual budget. Do they still need things like life insurance and a financial advisor? The next question, at 30:24, comes from an anonymous caller. Her HOA costs have doubled since she bought her condo. She’s wondering if it’s still a good investment. Should she keep it or sell it? We answer Nandini’s question at 48:14. Nandini and her husband save tons every month toward no goal in particular. What should they do with all their extra cash? 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/episode499 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Joe, when you save money, where do you save first?
0:03.2	What accounts do you first put your money in?
0:06.1	I'm not going to divulge that.
0:08.8	Are we on some type of a podcast where we talk about like where to say first.
0:14.0	Oh I see so that so that's privileged information.
0:18.0	Oh yes, would you all like to know?
0:20.0	Oh, well I would like to know and we're going to get to that at the end of the show because one of our
0:25.8	Collers has that exact question, but that's not all that we're going to be talking about.
0:30.4	We're also going to be hearing from Eugene who has a 10 million dollar net worth and a
0:36.8	series of questions related to how to manage a high net worth and we're going to be hearing
0:42.0	from an anonymous caller who is wondering should
0:45.7	she sell her condo or should she rent it out.
0:50.4	Welcome to the Afford Anything Podcast, the show that understands you can afford anything, but not everything.
0:56.0	Every choice that you make is a trade-off.
0:59.0	And that applies not just to your money, but to your time, your focus, your energy, your attention to any
1:04.0	limited resource that you need to manage. So what matters most and how do you
1:08.2	make decisions accordingly? Answering these two questions is a lifetime
1:11.6	practice and that's what this show is here to
1:14.2	explore. My name is Paula Pan, I am the host of the podcast. Every other episode
1:18.8	we answer questions that come from you and my buddy the former financial planner
1:22.4	Joe Saul Seahy joins me. What's up Joe?
1:24.7	I'm so happy to be here Paula with you on episode 499.
	...

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