Afford Anything | Make smart choices about your money, time and productivity
About This Show
You can afford anything, but not everything. We make daily decisions about how to spend money, time, energy, focus and attention – and ultimately, our life. Every decision is a trade-off against another choice.
But how deeply do we contemplate these choices? Are we settling for the default mode? Or are we ruthlessly optimizing around a deliberate life?
Host Paula Pant interviews a diverse array of entrepreneurs, early retirees, millionaires, investors, artists, adventurers, scientists, psychologists, productivity experts, world travelers and regular people, exploring the tough work of living a truly excellent life.
Want to learn more? Download our free book, Escape, at http://affordanything.com/escape.
Most Recent Episode
#112: Ask Paula - How to Convince a Spouse to Invest in Low-fee Index Funds?
5 days ago
How can I convince my spouse to invest in low-fee index funds? How should my fiancé and I combine our finances? If I'd like to invest in rental properties, should I also buy stocks? Former financial planner Joe Saul-Sehy joins me to tackle these audience questions and more. Thomas asks: My wife is suspicious of Vanguard. She questions how they could stay in business while charging low fees -- isn't there a catch? She's also reluctant about investing the majority of our money in a broad-market index fund like VTSAX. She'd prefer more diversification. Recently, we met with a major brokerage firm that charges a 1.75 percent management fee. How can I get my wife to see the detrimental effects of choosing this high-fee broker? Shy asks: My fiancé and I are getting married soon. We both live with our families at the moment; we'll form a new household after our wedding. Neither of us has ever lived independently before. How should we budget for this, given that we're not sure what expenses to expect? Also, any tips on how to commingle finances? Paris asks: I'd like to invest in rental properties. Should I still make stock market investments? Should I contribute to a 401k? Kristin asks: I've been DIY'ing my household's finances and taxes. So far, our situation has been simple. However, in a few years, my husband is going to retire. When this happens, we'd like to sell our home, perhaps invest in rental properties, and move either out-of-state or out-of-country. Our financial and tax situation is about to become a lot more complicated. I'd like to talk to a financial professional ... but whom should I choose? Should I hire a financial coach? a financial planner? an accountant? an investment advisor? someone else? We tackle these four questions on today's show. Enjoy! ______ Resources Mentioned: Thomas: Calculator - How do expenses impact fund returns? https://www.calcxml.com/do/inv12 Article - How a 1% fee could cost $590,000 in retirement savings https://www.nerdwallet.com/blog/investing/millennial-retirement-fees-one-percent-half-million-savings-impact/ Article - The Impact of Investment Costs https://investor.vanguard.com/investing/how-to-invest/impact-of-costs Shy: Article - The Anti-Budget http://affordanything.com/2013/03/05/anti-budget-or-80-20-budge/ Artic
Rated 5 out of
Love the dynamic of these two
I've been following Afford Anything for over 1.5 years now and that's also how I was introduced to Budgets R Sexy. I love Paula's perspective on all things and J's approach to the world of finance is refreshing. Their differing stances definitely lead the podcast over wide swaths of topics. A must listen for anyone who is interested in alternative methods of financing and/or real estate investing.
I'm sad that J is leaving the podcast but happy Paula is continuing on...I'll still be a loyal reader of both blogs.
Date published: 2016-05-24
Rated 5 out of
Highlight of My Week
If you are a fan of either Afford Anything or Budgets are Sexy you will not be disappointed. JMoney and Paula keep it real with some of the best advice out there. They are engaging and fun to listen to.
Date published: 2016-02-18
Rated 5 out of
I've always enjoyed Budgets are sexy but this also made me love Paula too. While I'm not into real estate I still love hearing her point of view. I love how they interact with each other and say things that may not be popular.
Date published: 2016-03-05