#407: Ionnie wants to vet her tax professional as diligently as she assesses her financial advisor how should she go about doing that? Anonymous needs a career change, and she needs help figuring out how to approach the decision making process when choosing and preparing for her next field of employment MM prefers the simple path to wealth and investing in real estate but is looking for more information on a more intentional and selective approach to investing. Ingrid calls in to ask whether she...
Oct 12, 2022•1 hr 14 min•Ep 407•Transcript available on Metacast #406: In this two-part episode, we first tackle the data points needed to assess various investment locations within your city of choice. We will cover seven specific neighborhood characteristics to review before diving into deal finding, and three things to look at once you've found a specific deal to evaluate. Then, we interview Kristen Lazure, the producer behind the Netflix movie "Get Smart With Money". The movie follows 4 financial coaches Tiffany Aliche, Peter Adeney, Ross Mac and myself a...
Oct 07, 2022•49 min•Ep 406•Transcript available on Metacast #405: Daniel and his wife want to go on an extended vacation and leave their jobs next yearandstill have money in case theres a problem at their rental properties. Would a HELOC help them? Anonymous and her husband have received a large commission and want to understand how to better plan for their future by optimizing for these inconsistent windfalls. Brian has hit coast F.I.R.E and would like guidance on how to prioritize between tax advantaged accounts and retirement accounts. Anonymous and h...
Oct 05, 2022•1 hr 3 min•Ep 405•Transcript available on Metacast #404: When Rand Fishkin was 25 years old, he carried $500,000 in credit card debt. Less than a decade later, Rand was the Founder and CEO of a company that grossed $35 million in annual revenue. In this episode, Rand shares the story of hitting his financial rock-bottom and making the ultimate comeback. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Sep 28, 2022•1 hr 5 min•Ep 404•Transcript available on Metacast #403: September Sabbatical continued! If youve been listening to the show for the past few years, then you know that weve entered our September Sabbatical, where the team takes a break from podcast production and airs a few of our favorites from the 400+ episodes weve aired to date. F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship. This September, were running four weeks of episodes focusing on each of these four pillars. Todays episode is focused o...
Sep 23, 2022•1 hr 10 min•Ep 403•Transcript available on Metacast #402: Do you wrestle with the idea of leaving your savings in an account earning next to nothing versus investing it in the stock market? Do you use investment strategies that allow you to work with your nature, rather than against it? Are you careful to seek investment advice from those who share your investment goals, or do you get caught up in the trends of day traders? Morgan Housel, author of The Psychology of Money, joins us to discuss why investing is not the study of finance, but the stu...
Sep 15, 2022•1 hr 8 min•Ep 402•Transcript available on Metacast #401: Its September! If youve been listening to the show for the past few years, then you know that Im on what Ive dubbed my September Sabbatical, in which Im taking a break from podcast production. F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship. This September, were running four weeks of episodes focusing on each of these four pillars. Today, we kick off with an episode focused on financial psychology. Learn more about your ad choices. Visit podc...
Sep 07, 2022•1 hr 1 min•Ep 401•Transcript available on Metacast Today were sharing three talks given at the EconoMe conference, with each of these talks relating to F.I.R.E. The three discussions are: FI-Landia is a lie - What I Learned On My Journey To F.I.R.E., with Carl Jensen What If You Achieve All Your Goals But Youre Still Not Happy, with Rich Jones How To Never Again Say, I Cant Afford It, with Paula Pant Details below: Carl Jensen: 05:27: Session begins 08:02: Sharing the message of financial independence and being hit with the What Ifs 12:24: The c...
Sep 02, 2022•1 hr 28 min•Ep 400•Transcript available on Metacast #399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned? Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in valuebut he is still wondering if theres a chance that he should sell. Meisha is making more money at her new job but cant contribute to her 401(k) for the first six months ...
Aug 31, 2022•1 hr 12 min•Ep 399•Transcript available on Metacast #398: Chris Hutchins is an avid life hacker, a financial optimizer and the host of the top ranked podcast All The Hacks, where he shares his quest to upgrade his life without having to spend a fortune. These passions have led him to being featured in a documentary on financial Independence called Playing with FIRE and collecting millions of points and miles. If you want to learn more about optimizing your spend so that you can travel with less of an impact to your bank account, youll want to hea...
Aug 24, 2022•1 hr 13 min•Ep 398•Transcript available on Metacast #397: Nics parents are forced to confront earlier than anticipated retirementand they arent financially prepared. Now, a bank is offering to buy a part of their mortgage or a part of their house.Is this a scam?! Jon from Colorado is curious about after tax contributions to a Roth 401k, and would like us to talk about why we wouldnt recommend it. Anna is househacking, and she locked down an awesome interest rate. But, shes still carrying PMI and is wondering if theres a way to remove the PMIwitho...
Aug 17, 2022•59 min•Ep 397•Transcript available on Metacast #396: International best selling author and leadership speaker, Julie Winkle Giulioni, talks through a multidimensional career framework that features eight dimensions of career development. She spells out how to apply the dimensions of contribution, competence, connection, confidence, challenge, contentment, choice and climb to different parts of your professional life, whether thats assessing your current job, navigating a conversation with your superior or setting yourself up for the next pro...
Aug 10, 2022•1 hr•Ep 396•Transcript available on Metacast #395: Welcome to Invest Anywhere, our monthly series on long-distance real estate investing. Invest Anywhere airs on the First Friday of each month and is co-hosted by Paula Pant and Suni Rao. In this episode, we tackle the challenging decision of how to evaluate a city for rental property investment. We will cover three specific sets of analysis, talking through a macro business cycle view, a more specific economic analysis, and then encourage you to review your own personal network. Enjoy! 01:...
Aug 05, 2022•1 hr 5 min•Ep 395•Transcript available on Metacast #394: Bill listened to our episode with Bill Bengen, father of the 4% rule, and he wants to know if there was a way for him to figure out how much money he should be keeping in cash. Sheryl gets stock from her company, and she would usually sell itbut the stock value has decreased. And now, she isnt sure what she should do. Heather inherited an IRA but MUST empty it within ten years - but she doesnt need it right now.What should she do?? Julie and her husband have access to an HSA for ONE MONTH....
Aug 03, 2022•1 hr 4 min•Ep 394•Transcript available on Metacast #393: Chuck Jaffee is a forty year veteran financial journalist who regularly writes for the Wall Street Journal and is also a nationally syndicated financial columnist. He discusses how money and investors' attitude towards investing has changed over the last few decades. 00:44:Introducing Chuck Jaffe 03:05: How people interacted with the market in the 1980s 06:50: Dealer and liquidity risk when investing in the market 09:23: Howthe environment 40 years ago impacted investor psychology 12:53: L...
Jul 28, 2022•1 hr 5 min•Ep 393•Transcript available on Metacast #392: Colleen and her husband own SEVEN paid off rental homes. Now theyre heading into retirement and disagree on what to do with some of that equity. Kevin wants to hit FIRE (Financial Independence, Retire Early) and believes his motivation comes from witnessing the financial trauma of the Great Recession. Hes wondering if others are motivated to reach FIRE for similar reasons. Anonymous wants to learn more about utilizing HSA accounts and Susan wants to learn more about investing in tax liens....
Jul 20, 2022•58 min•Ep 392•Transcript available on Metacast #391: Dr. Reza Abraham, an international leadership consultant, walks us through a framework of staying in control of your career and your life. This framework utilizes a singular core, three cornerstones and twelve principles. He explains how to apply and execute these principles to reinforce personal fulfillment, growth and progression. 0:00:47: Introducing Dr. Reza Abraham + the framework for staying in control of your life through a core, three cornerstones and 12 pillars 0:02:48: The core o...
Jul 13, 2022•1 hr 14 min•Ep 391•Transcript available on Metacast #390: We start this episode with two anonymous callers who have opposite problems: one says her bills are too high, while the other is worried that shes saving too much. Anonymous (Izzy) saves A LOT. She wants to relax about her spending more, and start including more joy into her life. How should she approach the next 10 or 20 years, so that she can enjoy her financial security? A different anonymous caller (Starlight) has the opposite problem: her expenses are mounting. Her bills make her unco...
Jul 06, 2022•1 hr 25 min•Ep 390•Transcript available on Metacast #389: Should you bother investing in real estate especially from a distance? Is the hassle worth it? Whats the upside? Do you really want this? Or should you just stick with index funds? Isnt it scary to invest out-of-state? How do you know if youre ready? In todays episode of Afford Anything Presents: Invest Anywhere, my co-host Suni Rao and I tackle these common questions. For more information, visit the show notes at https://affordanything.com/episode389 Learn more about your ad choices. Visi...
Jul 01, 2022•52 min•Ep 389•Transcript available on Metacast #388: Recessions are terrifying. Market crashes often bring out the worst in peoples anxieties and fears. This fear triggers us to act even more irrationally than usual which can lead to making expensive mistakes in our investment portfolios. In todays episode, Scott Nations, who spent his career studying market volatility, describes some of the most common cognitive biases and irrational behaviors that investors make. He shares tips on how to master the mental game of investing, especially in t...
Jun 29, 2022•1 hr 9 min•Ep 388•Transcript available on Metacast #387: Lila is concerned about inflation and the risk of a recession. Should she invest in the stock market, despite the scary headlines? Or should she pay off her primary residence or her investment properties? Linda invested in a 529 for her sons college, and hell be starting in the fall. But, the value of the plan dropped right before she was planning on using it and she is wondering how to keep from losing more money. Jen and her husband want to retire in 8 years. Theyre hoping to have paid o...
Jun 22, 2022•1 hr 8 min•Ep 387•Transcript available on Metacast #386: We all have our secrets. We keep some secrets from bosses, colleagues and clients, like the fact that we hope to retire early, change careers, or start a business. We keep other secrets from friends and family, like our income, net worth, spending habits and investing mistakes. Research from around the world shows that we tend to keep the same types of secrets around 38 common varieties, including secrets about finances, ambitions, beliefs, habits, unpopular opinions, mental health, trauma...
Jun 15, 2022•1 hr 5 min•Ep 386•Transcript available on Metacast #385: Anonymous (Jennifer) keeps hearing us say that you should start with the end in mind that your investments should match your goals and timeline. But what if you dont have any specific financial goal? What if your risk tolerance is different than you once thought? Rachels new employer wont let her contribute to retirement for more than a year - what should she do?? Carris parents are in poor health and cant work much - what should they do about their life insurance policy and their health i...
Jun 08, 2022•1 hr 11 min•Ep 385•Transcript available on Metacast #384: Welcome back to the third episode in our special series, Afford Anything Presents: Invest Anywhere. Invest Anywhere is a new monthly series that runs on the First Friday of each month. It lays out the information you need to invest in real estate at a distance. Many of you want to invest in real estate, but you live in a high-cost-of-living area. (Ahem, California and New York). The homes in your city are prohibitively expensive, and they offer lackluster returns. You could invest in a low...
Jun 03, 2022•1 hr 18 min•Ep 384•Transcript available on Metacast #383: Behavioral researcher Vanessa Van Edwards, who runs the research lab Science of People, breaks down the psychological secrets behind feeling and looking more confident, competent and charismatic. She explains how to apply these techniques to critical conversations around money, whether youre negotiating your salary, buying a home or car, or arguing with your spouse about your household spending. Subscribe to get the show notes delivered via email, for free, at https://affordanything.com/sh...
Jun 01, 2022•1 hr 15 min•Ep 383•Transcript available on Metacast #382: Joe is buying his first house hack and would like to understand if the FHA loan or the doctor loan would be better for him. Sara wants to leave her job to spend time with her children, and she needs help in calculating her FIRE number. Kat received a windfall and is wondering if she should invest it in stocks, real estate, or a combination of both. Aisha is moving to the US and wants to start investing ASAP - how should she approach her goal to reach FIRE? Former financial planner Joe Saul...
May 24, 2022•1 hr 17 min•Ep 382•Transcript available on Metacast #381: Maybe youre envious of your friend who bought Bitcoin in 2015 and held until it hit 7-figures. Maybe youre anxious about rapidly rising home prices. Maybe you regret that you didnt buy a rental property five years ago, because at the time you felt like prices had already risen so much (from 2012 to 2017) that you just couldnt justify paying 2017s pricetag. Our lives, finances and careers invoke many strong feelings. In todays episode, Mollie West Duffy, the co-author of Big Feelings, share...
May 19, 2022•1 hr 23 min•Ep 381•Transcript available on Metacast #380: Matt wants to optimize his portfolio and wants to know if he should invest along the Efficient Frontier despite the fact that the asset allocation it recommends is absolutely bonkers; its wild and risky and tilted like nothing hes ever seen before. Ionnie just rolled over her Roth IRA and would like to understand how to withdraw her contributions without getting penalized. Anonymous and her spouse are both in the military and about to reach retirement. They have an expensive whole life ins...
May 11, 2022•1 hr 26 min•Ep 380•Transcript available on Metacast #379: Welcome to our First Friday bonus episode. Once a month, Afford Anything presents a special feature called Invest Anywhere, in which we teach our audience how to invest in real estate from thousands of miles away. We kickoff todays episode by discussing current market conditions. Yesterday the Fed raised interest rates by another 50 basis points, which means mortgages are more expensive than theyve been in years. Additionally, jittery investors worried about an impending recession led the ...
May 06, 2022•1 hr 15 min•Ep 379•Transcript available on Metacast #378: Anonymous is 25. She has a job offer that comes with a substantial raise. Hooray! Buuut theres a problem. If she accepts this job offer, her new employer wont allow her to contribute as much money to her company retirement accounts. How should she think about the trade-off between increasing income and funding her retirement? Meanwhile, Dan from California is retiring soon and wants to know what he and his wife should do with the loan they took out against their 401(k). Finally, an anonymo...
May 05, 2022•1 hr 15 min•Ep 378•Transcript available on Metacast 
