Afford Anything

Paula Pant | Cumulus Podcast Network

You can afford anything, but not everything

  • 1 hour 7 minutes
    Q&A: Help! I’m STUCK On A Financial Tracking Hamster Wheel

    #522: Emily Anne is worried about her obsessive tracking behavior. She’s in great financial shape but struggles to shake the constant compulsion to check her accounts. What should she do?


    An anonymous caller and his partner plan to use geo-arbitrage to retire early before reaching their financial independence number. Can they have their cake and eat it too?


    Kevin and his wife are having second thoughts about their Delaware Statutory Trust (DST) real estate investments. How do they back out without compromising their estate plan?


    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/episode522

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    12 July 2024, 5:00 am
  • 40 minutes 15 seconds
    Behind-the-Scenes with Paula and Joe

    If you're a longtime listener, you'll enjoy this candid, behind-the-scenes conversation about entrepreneurship and growth between Paula Pant and former financial advisor and Stacking Benjamins host Joe Saul-Sehy.

    For more information, visit the show notes at https://affordanything.com/episode521

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    10 July 2024, 3:17 pm
  • 44 minutes 6 seconds
    How The Supreme Court's Chevron Ruling Could Impact Retirement

    #520: Happy 248th birthday, USA!


    In this 5th of July First Friday economic update, we cover five topics: the economic impact of elections in the UK; the S&P 500 topping 5500; the effect of the Supreme Court’s Chevron ruling on Social Security and retirement planning; the latest jobs report; and California’s new law allowing accessory dwelling units to get sold separately as condos.

    For more information, visit the show notes at https://affordanything.com/episode520


    Resources Mentioned:

    UK’s Office for National Statistics: May 2024 report

    SupremeCourt.gov: Loper Bright Enterprises v. Raimondo

    Federal Register: SSA

    Social Security Administration: Will Social Security Be There for Me?

    Bureau of Labor Statistics: June 2024 jobs report

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    5 July 2024, 11:59 pm
  • 1 hour 24 minutes
    Jim Kwik: Secrets to a Smarter Brain

    #519: We sit down with Jim Kwik, a brain coach and expert in memory improvement, speed reading, and optimal learning.


    As a child, Jim suffered a brain injury that made learning difficult. He was labeled "the boy with the broken brain," which deeply affected his confidence and performance in school.


    Today, he’s an expert in memory, focus, learning, cognition and mental performance.


    He’s here to remind us that our brains are our number one wealth-building tool.


    He talks to us about strategies for improving memory. He debunks myths like multitasking being efficient. He talks about the negative impact of digital distractions and the myth that we only use 10% of our brains. He describes a great brain diet, and discusses nootropics and other brain supplements.


    This episode is packed with practical advice. If you want to improve your memory, learn faster, and maintain better brain health, you’ll enjoy Jim Kwik’s tips.


    Timestamps:

    [Note: Time codes will vary on individual listening devices based on advertising run times.]


    0:58 - Jim shares his childhood experience with a traumatic brain injury

    2:26 - Impact of being labeled "the boy with the broken brain"

    3:59 - Struggles with school and a turning point with a friend’s father

    5:33 - Encouragement to write down dreams, leading to a new perspective

    8:22 - Introduction to personal development books and reading challenges

    9:59 - Consequences of overworking and lack of self-care during college

    10:45 - Realization of the need for better learning methods

    11:50 - Breakthrough in understanding learning and memory techniques

    12:25 - Teaching others and a student’s powerful story

    13:35 - Importance of knowledge as a superpower

    13:50 - Introduction to the concept of building a better brain

    15:03 - Description of the four brain types and their traits

    17:23 - Significance of understanding one’s brain type

    19:18 - The forgetting curve and memory retention

    20:11 - The three keys to a better memory using the "MOM" method

    21:01 - The importance of motivation in remembering names and other information

    22:37 - The role of observation in memory and being present

    23:15 - Anecdote about Bill Clinton’s exceptional memory and presence

    24:55 - Connection between being present and having a powerful memory

    26:11 - The concept of "digital distraction" and its impact on focus

    26:56 - The "four horsemen of the mental apocalypse" driven by technology

    29:18 - The myth of multitasking and its negative effects

    30:59 - The importance of monotasking for better focus

    31:15 - Introduction to the "Faster" method for learning

    32:06 - The role of forgetting in learning

    32:50 - The misconception of multitasking and the benefits of focusing

    33:35 - The significance of state and emotion in learning

    35:22 - Tips for maintaining a positive learning state

    36:11 - The power of teaching to reinforce learning

    37:20 - Common misconceptions about learning

    39:20 - The myth of using only 10% of our brain and neuroplasticity

    41:08 - Importance of challenging limiting beliefs

    43:08 - Influence of self-talk and belief systems on performance

    45:04 - Scheduling time for learning and implementing new knowledge

    47:04 - Making the most of conferences by setting aside time for implementation

    48:48 - Application of AI to enhance human intelligence and learning

    51:09 - Best practices for brain health and cognitive performance

    57:25 - Importance of taking care of your brain as a wealth-building asset

    59:04 - Steps to improve brain health, including diet, exercise, and positive peer groups

    1:03:33 - Role of brain supplements and nootropics

    1:06:00 - Influence of a positive peer group on behavior and performance

    1:09:22 - Conclusion and final thoughts on brain health and continuous learning

    For more information, visit the show notes at https://affordanything.com/episode519

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    3 July 2024, 1:49 am
  • 1 hour 2 minutes
    Rachel Rodgers: The Million Dollar Mindset

    #518: If you want to learn about building wealth through entrepreneurship, you’ll enjoy this episode.

    When Rachel Rodgers graduated from law school, she didn’t take the conventional path to working at a big law firm. Instead, she opened her own practice, specializing in intellectual property law. Many of her clients were entrepreneurs and small business owners.

    Rachel quickly realized that many of her clients faced significant challenges in trying to grow their business. This ignited a new vision in her: to not just provide legal services but to help entrepreneurs achieve financial success.

    She pivoted, shutting down her law practice to open Hello Seven, a company that offers comprehensive business strategies to help entrepreneurs reach seven-figure incomes.

    She joins us today to share actionable insights that can help any entrepreneur, side hustler or small business owner reach seven figures in revenue.

    Timestamps:

    [Note: Time codes will vary on individual listening devices based on advertising run times.]

    1:10 - Rachel introduces herself and her background in intellectual property law.

    3:45 - Decision to start her own law practice.

    5:27 - Challenges faced as a new lawyer and entrepreneur.

    7:15 - Importance of financial independence and wealth-building for marginalized communities.

    10:05 - Inspiration behind founding Hello Seven.

    12:30 - Vision for Hello Seven and its mission to help entrepreneurs reach seven-figure incomes.

    15:20 - The need for scaling businesses and making strategic decisions.

    18:45 - Transition from a legal practice to a broader business coaching platform.

    22:10 - Impact of Hello Seven's programs on entrepreneurs' lives.

    24:55 - Concept of the "Million Dollar Badass."

    28:30 - Success stories of clients.

    31:15 - Challenges of balancing business growth with personal life.

    34:05 - Importance of mindset in achieving business success.

    37:20 - Introduction of the Hello Seven Foundation and its focus on supporting black mothers and babies.

    40:00 - Plans for the future of Hello Seven and commitment to social impact.

    42:30 - Advice for aspiring entrepreneurs looking to build successful businesses.

    45:10 - Importance of mentorship and community support in entrepreneurship.

    For more information, visit the show notes at https://affordanything.com/episode518

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    28 June 2024, 11:37 pm
  • 1 hour 13 minutes
    Should I Raid My Retirement Plan to Buy Real Estate? 

    #517: Kimiko is dismayed that the asset allocation books she’s read led her down a path to an underperforming portfolio heavy in ex-US stock investments. Where should she go from here?


    Julie and her husband dream of owning a vacation rental in the Denver area even though the math doesn’t add up. It seems like everyone around can make it work though. What’s missing? 


    Casey is excited to build his real estate portfolio and purchase his third rental property. He’s also worried that his plan to fund the purchase with his 457 Plan is flawed. What should he do?

    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/episode517

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    26 June 2024, 2:50 am
  • 1 hour 5 minutes
    Dr. Brian Klaas: The Secret to Financial Resilience

    #516: Have you ever wondered how small, seemingly insignificant actions can have massive impacts on your financial life? 

    In today's episode, we talk to Dr. Brian Klaas, a Professor at University College London and an affiliate researcher at the University of Oxford. 

    He explains how our decisions can lead to unintended and unanticipated consequences. 

    He describes why resilience is more important than efficiency when it comes to protecting your investments and career from unexpected shocks. You'll learn how to tell the difference between predictable problems and those that are full of uncertainty, giving you a new way to think about your decision-making process.

    Key Takeaways:

    1. Embrace the unpredictability of life and recognize the interconnectedness of your actions.
    2. Prioritize resilience over efficiency to mitigate catastrophic risks.
    3. Understand the difference between predictable and uncertain challenges to make smarter decisions.


    For more information, visit the show notes at https://affordanything.com/episode516

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    21 June 2024, 10:11 pm
  • 56 minutes 44 seconds
    Q&A: Sell Your Home or Stay Put?

    Jessica and her husband are juggling two home sales and one home purchase within the next two to four years. How do they execute wisely while navigating a tight real estate market?

    Zerai works two jobs that both offer a pension and retirement plan. Can he take advantage of everything at his disposal or must he make some tough choices?

    Emily and her husband bought their home a year ago. But a national builder tempts them to sell and upgrade using a 3-2-1 buydown mortgage. Should they do it?

    Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.

    Enjoy!

    TIMESTAMPS: Please visit the show notes at https://affordanything.com/episode515

    Resources Mentioned:

    https://www.irs.gov/retirement-plans/how-much-salary-can-you-defer-if-youre-eligible-for-more-than-one-retirement-plan

    https://www.irs.gov/retirement-plans/irc-457b-deferred-compensation-plans

    https://www.stackingbenjamins.com/start-2024-right-with-goals-jon-acuff-1459/


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    18 June 2024, 7:46 pm
  • 35 minutes 24 seconds
    Why the Latest Economic Report is a Rorschach Test

    #514: The S&P 500 hit a record high — and the GameStop guy is back, and he now owns 9 million shares of GME, making him the 4th largest shareholder.


    Interest rates from remain the same, and are expected to hold steady until September. Inflation remains unchanged from last month.


    Last month we saw a massive explosion of new jobs, at 272,000 — nearly 90,000 more than predicted. But we also saw unemployment tick up, which created mixed signals.


    Learn the implications of the latest economic news — and how it impacts your wallet — in this month’s economic update.


    For more information, visit the show notes at https://affordanything.com/episode514

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    14 June 2024, 8:00 pm
  • 1 hour 2 minutes
    Bachelorette Star Jason Tartick: The Truth About Financial Infidelity

    Jason Tartick, a former banker and TV star from The Bachelorette, discusses finances in relationships. He describes eight crucial questions about money that every couple should discuss.

    When a couple is dating, but before they get serious, he says, each person should divulge their debt-to-income ratio. This is your monthly debt payments divided by your gross monthly income. Keeping this ratio below 30-40% is crucial for financial stability. Banks consider this when approving loans.

    Couples still in the dating stage should also discuss their credit scores. If you're thinking about becoming serious with someone, you need to understand their history with debt, and their attitude towards debt, since you'll likely be co-borrowing together if the relationship lasts. A couple with a good credit score can save around $100,000 on a $300,000 mortgage over 30 years.

    Couples should avoid shaming or blaming each other during these money conversations, he says. The goal is to understand each others' financial attitudes, habits and history -- not to point fingers or make judgments.

    After marriage or lifetime commitment, Jason emphasizes the importance of having both individual and joint bank accounts. This allows each person to enjoy autonomy, while also contributing towards shared expenses. Regularly reviewing your net worth as a couple provides transparency and helps avoid misunderstandings.

    He also talks about financial infidelity -- what is it, and how can you spot it?

    Finally, Jason encourages couples to discuss spending habits, in order to understand each others' values and goals.

    Here's a great question to ask your boyfriend, girlfriend, spouse or partner: "If you had an unlimited budget, what's the first thing you would you spend it on?" The answer reveals the persons' priorities.


    For more information, visit the show notes at https://affordanything.com/episode513

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    11 June 2024, 8:37 pm
  • 1 hour 2 minutes
    Don't Let One Big Bill Blow Up Your Budget (Here's How)

    #512: An anonymous caller who received a large inheritance feels paralyzed by all the investment philosophies he’s read about. How does he pick a winning strategy he can stick with?


    Josh is an expectant dad looking to buy a bigger house but doesn’t know how much everything will cost. Should he save more or invest more?


    Another anonymous caller worries that large expenditures like buying a new car or replacing her home’s roof will blow up her budget in retirement. How does she plan for unexpected expenses?


    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/episode512

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    7 June 2024, 5:00 am
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