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Afford Anything

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

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 12 April 2024

⏱️ 68 minutes

🧾️ Download transcript

Summary

Nandini and her husband save tons every month toward no goal in particular. What should they do with all their extra cash? 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? An anonymous caller’s 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? Former financial planner Joe Saul-Sehy and I tackle these four 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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