Afford Anything

Cumulus Podcast Network
  • 4.8 (4)
  • निवेश
  • सप्ताह में अपडेट होता है

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. How do we make smarter decisions? How do we think from first principles? On the surface, Afford Anything seems like a podcast about money and investing. But under the hood, this is a show about how to think critically, recognize our behavioral blind spots, and make smarter choices. We’re into the psychology of money, and we love metacognition: thinking about how to think. In some episodes, we interview world-class experts: professors, researchers, scientists, authors. In other episodes, we answer your questions, talking through decision-making frameworks and mental models. Want to learn more? Download our free book, Escape, at http://affordanything.com/escape. Hosted by Paula Pant.

  1. 3 दिन पहले

    Q&A: How to Choose Between Financial Freedom and a First Home

    #655: What would you do if, at the age of 23, you found yourself with $70,000 a year leftover after expenses? Would you pour everything into retirement and coast to financial independence, or stockpile a down payment before life gets pricier with kids, a mortgage, and maintenance costs? This week, we dive into that real-life dilemma and explore how to strike the perfect balance between freedom now and security later. Along the way, we question whether a 0.40% fee for automated tax-loss harvesting is really worth it, and debate if the rise of mega-corporations means small-cap value investing is dead. Listener Questions in This Episode “Julio” asks: How should we split savings between Coast FI and a future down payment, and where should that down payment sit? (01:48) Lindsay asks: Is 0.40 percent worth it for Fidelity’s tax loss harvesting and how do we unwind back to self managed index funds? (32:31) Greg asks: If a handful of giants dominate, should we ignore history and tilt to only the top companies instead of broad markets and small cap value? (50:51) Key Takeaways The right savings balance may depend less on math and more on clarity about what “home” really means to you Building a down payment might be the fastest way to reach Coast FI, but not for the reason you’d expect Parking cash safely is trickier than it sounds, especially when the market tempts you with higher returns That 0.40 percent fee could be either a silent drag or a smart trade-off, depending on one often-overlooked detail The rise of mega-caps might look unstoppable, yet history has a way of surprising even the biggest players True diversification isn’t about predicting winners, it’s about protecting future you from overconfidence today Chapters Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (00:00) Are we headed for a dystopian future (01:48) A 23-year-old with a $125k income and a big savings gap 08:52) House price, down payment size, and the numbers that drive the split (10:47) The savings snowball case, match protection, and timeline trade-offs (25:14) Where to park the down payment, why cash beats stocks for readiness (32:31) Is 0.40 percent worth it for tax-loss harvesting (36:24) Fees versus claimed tax savings, turnover, and exit options (50:51) Should dystopia change our portfolio (54:36) Small-cap value beyond tech, acquisitions, and global opportunity (1:11:02) Optimism, innovation, and why investing still assumes progress P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episode655 Learn more about your ad choices. Visit podcastchoices.com/adchoices

    1 घं॰ 14 मि॰

  2. 6 दिन पहले

    How to Stop Fighting About Money

    #654: Fights about money are common, but they're rarely about math. They're about power, shame, vulnerability, and trust. And no amount of data or fancy spreadsheets is going to fix it. What you need is a better system for fairness, more open communication, and a shared ambition. In this candid conversation with Heather and Doug Bonaparte, we explore how two partners rebuilt confidence, handled their six-figure student loans, and designed a rhythm for money talks that actually works. Together they share how early money stories, law school debt, and the Great Recession shaped their dynamic, plus the tools they used to find fairness at home and in their finances Key Takeaways Why 50/50 isn't always fair and how to do it better The small ritual that turned dreaded money talks into something they actually look forward to How borrowing a strategy from the office made household decisions way less stressful The surprising fix for resentment that had nothing to do with chores or budgeting Why tackling six-figure student loans together became a turning point in their relationship The mindset shift that helped them see debt not as a burden but as a shared opportunity Resources and Links Money Together, the book DoMoneyTogether.com, learn more about the book and project The Joint Account, weekly newsletter on joint finances at ReadTheJointAccount.com Fair Play by Eve Rodsky, a framework for dividing household responsibilities Share this episode with a friend, colleagues, and anyone who is part of a couple: https://affordanything.com/episode654 Learn more about your ad choices. Visit podcastchoices.com/adchoices

    1 घं॰ 26 मि॰

  3. 21 अक्टू॰

    Radical Transparency in Real Estate Predictions

    #653: What happens when we actually check our predictions? In this episode we play clips from our 2023 conversation with Scott Trench from BiggerPockets and ask the uncomfortable question: were we right? Two years ago we made some big calls about the housing market. Mortgage rates had doubled. Prices hadn’t crashed. Inventory was vanishing. Everyone had a theory about what would happen next. Now we look back with data and receipts to see which forecasts held up and which ones fell flat. Scott joined us in 2023 to talk about the lock-in effect, the shortage of sellers, and why homebuilders might be stronger than expected. At the time it sounded contrarian. Two years later the evidence is in. Homeowners with low mortgage rates are still staying put. Builders have taken market share by offering creative incentives. Multifamily supply has exploded in some cities, while small residential properties have held their value better than many expected. We revisit our old clips and grade them one by one. What did we get right about the housing market’s resilience and where did we miss? You’ll hear how rate volatility created bursts of demand, how regional migration reshaped supply, and why small investors can still find opportunities even when the headlines say otherwise. This episode isn’t about victory laps. It’s about accountability. If you’ve ever wondered whether experts truly revisit their own calls, you’ll love this one. Key Takeaways The lock-in effect remains one of the most powerful forces in today’s housing market Builders have been surprisingly resilient thanks to incentives and creative financing Multifamily oversupply is pressuring rents in some regions while small residential properties remain steady Market outcomes are more local than ever; national averages hide major differences Real estate predictions matter only if we’re willing to go back and test them Resources and Links Our course Your First Rental Property open for enrollment through October 30 at affordanything.com/enroll Chapters Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Why we’re replaying our 2023 predictions (4:24) The strange housing market of 2023 (5:04) The lock-in effect and vanishing inventory (6:03) Builders finding ways to keep selling homes (12:12) How rate dips created bidding wars (14:03) The construction pipeline and what happened next (37:24) 2025 check-in on prices and incentives (55:06) Regional winners and losers (58:27) Small residential versus large multifamily (1:06:08) Final reflections and what we learned Share this episode with a friend, colleagues, and anyone in the real estate space: https://affordanything.com/episode653 Learn more about your ad choices. Visit podcastchoices.com/adchoices

    1 घं॰ 2 मि॰

  4. 17 अक्टू॰

    Why High Earners Stay Broke, with Rose Han

    #652: What if you did everything “right”, earned the degree, landed the six-figure job, and still felt broke? That’s exactly where Rose Han found herself. Fresh out of NYU with a finance degree and a Wall Street paycheck, she had a negative net worth, mounting stress, and a sinking feeling that traditional success wasn’t the path to freedom. In this conversation, Rose shares how she broke out of that cycle and built a seven-figure business that gives her time, independence, and peace of mind. We explore how she reframed her relationship with money, learned to scale her income, and built a life that aligns with her values. Key Takeaways When a “side hustle” becomes just a second job How your uniqueness is your greatest asset The slow season that led to a million-dollar leap Resources and Links Rose Han on YouTube Add a Zero by Rose Han Chapters Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (0:00) Rose Han’s story begins: doing everything right yet still ending up broke (5:45) The Cancun moment that sparked Rose’s financial awakening (9:12) Discovering the three types of income and why some buy freedom while others don’t (13:45) How Rose Han built her “Add a Zero” framework for lasting wealth (21:30) From employee mindset to entrepreneur mindset (25:15) The three levels of leverage and how to scale your income (28:55) Why not every side hustle creates freedom (31:45) Overcoming the fear of selling (39:16) How to build a business while working full-time (47:10) Rose’s real estate lessons and the myth of passive income (53:55) Knowing when to walk away from an investment (1:10:15) What financial freedom really means and how to find your own version Share this episode with a friend, colleagues, and anyone who is interested in entrepreneurship and investing: https://affordanything.com/episode652 Learn more about your ad choices. Visit podcastchoices.com/adchoices

    1 घं॰ 13 मि॰

  5. 14 अक्टू॰

    Everyone Says Don’t Hold Bonds in Taxable Accounts. They’re Wrong

    #651: Many who reach CoastFI find themselves in a strange in-between: financially independent enough to stop saving, but not ready to fully retire. When you’re living off a taxable brokerage for decades, does the “never hold bonds in taxable” rule still apply? This episode explores how traditional asset location advice meets real-life spending. We unpack how to balance growth, taxes, and stability when your taxable account becomes your paycheck. Then we shift to two more listener dilemmas: helping a parent retire through shared home ownership, and using covered-call strategies to earn income from a stock-heavy portfolio. Listener Questions in This Episode Brandon (1:28): “I’m CoastFI and will withdraw from my taxable account for the next 20 years. Should I hold bonds in taxable, or keep it all in stocks?” Brandon’s retirement accounts can grow untouched, but his taxable brokerage will fund two decades of living expenses. The classic rule says avoid bonds in taxable, yet Paula explains why that advice isn’t universal. When your taxable account funds your life, it needs to act as a complete portfolio. We discuss how to balance risk, prioritize liquidity, and plan your glidepath into CoastFI life. Andrew (22:07): “My spouse and I co-own a home with my mother-in-law. How can we help her retire without creating family tension?” We explore fair, flexible ways to support an aging parent while keeping relationships healthy. Paula explains how to design a win-win deal and why seller financing can help balance cash flow and peace of mind. Chandan (49:16): “Can covered-call ETFs help me generate income from my stock portfolio and RSUs?” We explain how covered calls work, what “covered” really means, and the tradeoff between steady income and limited upside. For those with concentrated stock positions, Paula shares when covered calls make sense—and when simpler plans win. Key Takeaways The “no bonds in taxable” rule isn’t universal. When you’re drawing solely from taxable accounts for many years, that account needs to function as its own mini-portfolio, including bonds or cash for stability. Asset location follows purpose, not dogma. Tax efficiency matters, but liquidity and risk management take priority when the account funds your life. Think in terms of buckets. Your retirement accounts can stay growth-oriented while your taxable account carries the ballast for spending. Plan ahead for rebalancing. When taxable balances decline, know how and when to refill your bond/cash sleeve from other sources to keep your glidepath intact. The transition to CoastFI is a mental shift. You’re no longer optimizing for maximum returns, you’re designing for peace of mind and steady withdrawals. Chapters Note: Timestamps are approximate and may differ across listening platforms due to dynamically inserted ads. (01:28) Brandon’s CoastFI question: bonds in taxable when withdrawals start now (03:56) Why “no bonds in taxable” is a rule of thumb, not a law (12:42) How to treat taxable as a stand-alone portfolio (18:31) Balancing tax efficiency with cash-flow reality (25:26) Helping a parent retire through shared property ownership (01:05:40) Options: Buying or selling with Options (01:07:07) Covered calls explained simply, income with a ceiling Resources & Links Asset Location Cheat Sheet (free): affordanything.com/assetlocation Guide to Double-I FIRE (free): affordanything.com/fiire Share this episode with a friend, colleagues, your the person you buy garbage bags from: https://affordanything.com/episode651 Learn more about your ad choices. Visit podcastchoices.com/adchoices

    1 घं॰ 25 मि॰

  6. 10 अक्टू॰

    How Money Moves Through Markets

    #650: Sarah Williamson is the kind of person who shapes the decisions that move trillions of dollars. She earned her MBA with distinction from Harvard Business School and holds both the CFA and CAIA designations, two of the most demanding credentials in finance. In this episode, she helps us understand how investing really works, who the major players are, how capital flows through the system, and why the incentives driving investors, activists, and asset managers often collide. Sarah spent more than twenty years at Wellington Management, where she rose to Partner and Director of Alternative Investments, after working at Goldman Sachs, McKinsey & Company, and the U.S. Department of State. Today she leads FCLTGlobal, an organization dedicated to helping companies and investors focus on long-term value creation. She is also the author of The CEO’s Guide to the Investment Galaxy. She explains why index funds now dominate corporate ownership, how Reddit and retail traders changed the market’s dynamics, and what it means when activists push companies to “bring earnings forward.” She also introduces a framework for understanding the “five solar systems” of investing, a map that connects everyone from day traders to trillion-dollar sovereign wealth funds. Whether you are a passive investor or simply curious about what drives the market, this episode gives you the clarity to see how capital really moves and why it matters. Key Takeaways Reddit and the meme-stock movement permanently changed how individual investors move markets Index funds now dominate ownership, creating both stability and new corporate challenges Activists often prioritize short-term profit over long-term innovation Sovereign wealth funds act like national endowments, investing with century-long horizons Understanding who owns what (and why) makes you a more informed, confident investor Resources and Links The CEO’s Guide to the Investment Galaxy by Sarah Williamson FCLTGlobal, a nonprofit that helps companies and investors focus on long-term value creation Chapters Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (00:00) Meet Sarah Williamson: CEO, CFA, Harvard MBA, global finance leader (5:41) The five “solar systems” that organize the investing world (7:55) Reddit and the rise of the retail investor (16:25) Tesla, brand loyalty, and shareholder activism (22:57) How sovereign wealth funds invest for generations (28:57) Inside asset managers and their incentives (41:56) Activist investors and the tension between short and long term If you want to understand the real power dynamics behind modern investing, from Reddit traders to trillion-dollar endowments, don’t miss this episode. Share this episode with a friend, colleagues, and your cousin who is obsessed with latest meme stocks: https://affordanything.com/episode650 Learn more about your ad choices. Visit podcastchoices.com/adchoices

    1 घं॰ 13 मि॰

  7. 7 अक्टू॰

    Q&A: Should You Buy a House Now or Invest Your Down Payment Instead?

    #649: Many first-time buyers feel like they’re watching the train pull out of the station. If you’ve saved for years but can’t afford a home nearby, should you stretch to buy further (maybe hours) away or invest that cash instead? In this episode, we dig into the psychology, math, and lifestyle tradeoffs behind the “buy now or wait” dilemma. Plus, we unpack total return, explain when umbrella insurance is worth it, and share what every teen should learn about money. _______________________________________________ Listener Questions in This Episode Anonymous (aka “Lydia”) (3:26): ”I saved six figures for a down payment, but houses are still out of reach. Do I buy far away, rent forever, or invest the cash instead?” Lydia, an Australian listener, spent eight years saving for a home, only to find that every option feels like a compromise. Sky-high prices close to work, or long commutes for affordability. It’s a dilemma many face: does owning mean freedom, or does it just tie you down? We explore how to separate fear from opportunity, why “starter-home-turned-rental” plans often backfire, and how to measure the real cost of lost time when you move hours from work. Ultimately, it’s about aligning your money with your life, not the headlines. Anonymous (aka “Aristotle”) (29:38): “My ETF is up 10% and yields 3%. Is my net return 13%?” It’s a common question for anyone tracking their investments. We unpack the difference between total return and your personal rate of return, and why those two numbers rarely match. You’ll learn what actually drives performance, and how to read your brokerage dashboard like a pro. Joel (39:44): “Umbrella insurance; do we need it and how much?” If you own a home, drive a car, or rent out a property, you’re exposed to more liability than you might realize. We break down how umbrella insurance works, when it’s essential, and how much coverage makes sense. It’s one of the cheapest ways to protect your wealth. Julia (56:13): “I’m building a high-school personal finance course. Should I cover insurance or credit?” When teaching teenagers about money, where do you start? We explore why understanding decision-making (opportunity cost, compounding, and spotting bad financial advice) matters more than memorizing credit scores or insurance terms. Key Takeaways Don’t buy from FOMO; let lifestyle goals—not market panic—drive your choices. Total return includes price changes and income, but your broker’s “personal rate of return” shows the truest number. Umbrella insurance offers millions in protection for relatively little cost; bundle it with home and auto. Teach teens the “why” behind money choices before the “what.” Understanding tradeoffs beats memorizing rules. Chapters Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths. (4:14) Anonymous Lydia’s question: should I buy now or invest my down payment? (8:23) The emotional trap of FOMO and rising prices (11:45) Why “live there now, rent it later” rarely works (22:14) The hidden cost of long commutes and lifestyle tradeoffs (29:38) Anonymous Aristotle’s question: how do I calculate my true investment return? (39:44) Joel’s question: Is umbrella insurance worth it and how much should I buy? (56:13) Julia’s question: what high schoolers should learn first about money Share this episode with a friend, colleagues, or with the person at your school that teaches personal finance classes: https://affordanything.com/episode649 Learn more about your ad choices. Visit podcastchoices.com/adchoices

    1 घं॰ 9 मि॰

  8. 3 अक्टू॰

    First Friday: The Government Shuts Down -- But Bitcoin is at an All-Time High?!?

    #648: The U.S. government is shutting down. Bitcoin just hit a record high. Inflation whispers are back. And Wall Street is buzzing with speculation. What does this all mean for your money, your portfolio, and your long-term financial freedom? On this First Friday episode, we unpack the economic headlines you can’t ignore — and help you separate signal from noise. In this episode, we cover: Government Shutdown: What happens when Washington goes dark, and how it could ripple into the markets, interest rates, and your daily life Bitcoin at Record Highs: Why crypto is rallying, what history tells us about speculative manias, and whether this time might be different Jobs Report and Inflation Watch: The latest labor market data, its implications for the Fed, and how it could shape borrowing costs Investor Behavior in Uncertainty: Why volatility can make us overreact, and how to stay grounded in your long-term strategy Key Takeaways Government shutdowns create noise, but historically their long-term market impact is minimal Bitcoin’s surge reflects both speculation and broader demand for decentralized assets — but extreme volatility remains The labor market remains resilient, keeping inflation risks on the radar and Fed policy in focus Emotional investing is costly: staying calm during uncertainty is one of the best ways to protect your wealth. This month’s headlines feel dramatic — shutdowns, soaring crypto, inflation fears. But the timeless principles of money management still apply: diversify, stay disciplined, and don’t let headlines dictate your portfolio. Key moments: (00:00) Jobs Reporting from ADP (08:28) Interest Rates and Mortgages (18:07) Social Security Age (25:36) Consumer Spending and Inflation (31:56) Bitcoin and Gold reach new highs (34:31) Quarterly Reporting for Publicly Traded Companies may go to twice-a-year Share this episode with a friend, colleagues, your veterinarian: https://affordanything.com/episode648 Learn more about your ad choices. Visit podcastchoices.com/adchoices

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परिचय

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. How do we make smarter decisions? How do we think from first principles? On the surface, Afford Anything seems like a podcast about money and investing. But under the hood, this is a show about how to think critically, recognize our behavioral blind spots, and make smarter choices. We’re into the psychology of money, and we love metacognition: thinking about how to think. In some episodes, we interview world-class experts: professors, researchers, scientists, authors. In other episodes, we answer your questions, talking through decision-making frameworks and mental models. Want to learn more? Download our free book, Escape, at http://affordanything.com/escape. Hosted by Paula Pant.

जानकारी

  • चैनल
    Cumulus Podcast Network
  • निर्माता
    Paula Pant | Cumulus Podcast Network
  • सक्रिय वर्ष
    2016 - 2025
  • एपिसोड
    700
  • रेटिंग
    श्लील
  • कॉपीराइट
    © 2024 Afford Anything LLC
  • कार्यक्रम की वेबसाइट
    Afford Anything

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