What We Learned in 2022

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.6 • 3.4K Ratings

🗓️ 29 December 2022

⏱️ 91 minutes

🔗️ Recording | iTunes | RSS

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Summary

#420: Harvard professor Arthur Brooks described two types of intelligence – and explained, in scientific terms, the wisdom that comes with age. Dr. Ellen Vora, M.D., shared insight into the roots of procrastination, offering evidence-based tips for how to overcome our own inner demons of anxiety, fear and laziness. Psychology professor Bill von Hippel described why too much happiness is just as detrimental to our long-term health and wellbeing as too little happiness. Wall St. Journal columnist Spencer Jakab observed the perfect storm of conditions that gave rise to meme stonks and other oddities of our era. Former financial planner Joe Saul-Sehy argued for “strategic under-diversification” and explained the Sharpe Ratio. Data scientist Nick Maggiulli explains the save-invest continuum. And financial planner Bill Bengen, the creator of the 4 percent retirement withdrawal rule, talks about what most people misunderstand about the safe withdrawal rate. These are just some of the highlights from the Afford Anything podcast in this 2022 year-in-review episode. Enjoy! For more information, visit the show notes at https://affordanything.com/episode420 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You can afford anything but not everything.
0:10.8	Every choice that you make is a trade-off against something else and that doesn't just
0:13.8	apply to your money.
0:14.8	That applies to any limited resource you need to manage, like your time, your effort,
0:19.6	your attention, your energy.
0:22.7	Saying yes to anything comes with trade-offs.
0:25.5	And that opens up two questions.
0:28.1	First, what matters most to you?
0:31.2	And second, how do you align your decision-making accordingly?
0:36.5	Answering those two questions is a lifetime practice and that's what this podcast is here
0:39.7	to explore and facilitate.
0:42.0	My name is Paula Pant, I'm the host of the Afford Anything Podcast.
0:45.6	Merry Christmas, happy holidays, happy new years, it is the week in between Christmas and
0:49.7	new years.
0:51.2	And this seems like a perfect time to do a wrap-up of what we learned on this podcast
0:57.6	in 2022.
0:59.4	This is not a comprehensive list of course, but it's a sampling of some of our favorite
1:03.6	lessons.
1:04.6	Let's dive right in.
1:06.0	We kicked off the year with the guy who you hear on every other episode, former Financial
1:11.4	Planner Joe Salcihi.
1:13.6	Normally he joins me to answer your questions, but we actually kicked off 2022 with an hour-long
	...

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