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(1515)

Rank #66 in Business category

Investing
Management & Marketing

Afford Anything

Updated 22 days ago

Rank #66 in Business category

Investing
Management & Marketing
Read more

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

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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

iTunes Ratings

1515 Ratings
Average Ratings
1305
93
45
28
44

Easy Listening and Useful Information

By mtndesertgirl - May 22 2019
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Some podcasts are easy to listen to and are entertaining. Some have good information. This is both. Interesting perspectives on FIRE and on real estate investing, but also great profiles of interesting people and other financial information. Paula draws on her journalism background to ask good questions and really listen to the answers. I also enjoy her “takeaways” summaries. One of the better podcasts in its genre.

Fantastic podcast

By Gringo_85 - May 01 2019
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Paula is one of the best hosts out there and she has great guests and exceptional content!!

iTunes Ratings

1515 Ratings
Average Ratings
1305
93
45
28
44

Easy Listening and Useful Information

By mtndesertgirl - May 22 2019
Read more

Some podcasts are easy to listen to and are entertaining. Some have good information. This is both. Interesting perspectives on FIRE and on real estate investing, but also great profiles of interesting people and other financial information. Paula draws on her journalism background to ask good questions and really listen to the answers. I also enjoy her “takeaways” summaries. One of the better podcasts in its genre.

Fantastic podcast

By Gringo_85 - May 01 2019
Read more

Paula is one of the best hosts out there and she has great guests and exceptional content!!

Cover image of Afford Anything

Afford Anything

Updated 22 days ago

Rank #66 in Business category

Read more

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

Rank #1: Why I Hate the FIRE Movement, says Suze Orman

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#153: A few weeks ago, Suze Orman's team reached out to me and asked if I'd be interested in chatting with Suze on my podcast. "Um, duh," I replied. Sure Orman is one of the most famous voices in the world of personal finance. From 2002 to 2015, she hosted The Suze Orman Show on CNBC. She's the author of 10 mega-bestselling books, she wrote a financial column for O, The Oprah Magazine, and she's made multiple appearances on The Oprah Winfrey Show. I turned to Twitter and Facebook and asked this community, "What would you like me to ask Suze?" One question stood out far ahead of all others in popularity: What does Suze Orman think about the FIRE movement? I opened with that question. And Suze's response shocked me. "I hate it," she replied. "I hate it. I hate it. I hate it. And let me tell you why." That's a direct quote. (Really.) She spent the next 30 minutes explaining why she thinks pursuing FIRE could be the biggest mistake of a person's life. Well, then. Why does Suze Orman hate the FIRE movement? Find out in today's episode, and join the discussion and help spread the FIRE by sharing your thoughts on today's episode in the show notes, on Facebook, and on Instagram.

Oct 01 2018
1 hour 18 mins
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Rank #2: Thirteen Dumb Mistakes Smart People Make with Their Money - with CBS News analyst Jill Schlesinger

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#182: Millions of smart, educated and successful people make dumb mistakes with their money ... and they don't realize it. I'm not talking about obvious dumb mistakes, like spending 85 percent of your income on a fleet of Ultra-Luxe-Fancymobiles for your 16-car garage. That's clearly a bad idea. Instead, I'm talking about hidden dumb mistakes that you may not realize until it's too late. Perhaps you don't have enough insurance, or you hold the wrong types of policies for your age and life situation. Maybe you don't have an estate plan, or you haven't updated your estate plan after your childbirth or divorce or remarriage. What if you're taking financial advice from the wrong people, or buying products that you don't understand? Are you rushing to buy a home too soon? Did you take out too much debt for college? Today's podcast guest, Emmy-nominated CBS News business analyst Jill Schlesinger, describes 13 dumb mistakes that smart people make with their money. For more information, visit the show notes at https://affordanything.com/episode182 

Mar 11 2019
1 hour 13 mins
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Rank #3: The biggest study of everyday millionaires in 25 years - with Chris Hogan

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#171: Chris Hogan surveyed 10,000 millionaires in the United States. Here's what he discovered: - 89% of millionaires have a net worth between $1 - $5 million dollars - 62% graduated from public state schools - 73% never had a penny of credit card debt - 18% are self-employed - 62% earned a household income of less than $100,000 annually What can we learn from these everyday millionaires? Find out in today's episode! For more, visit https://affordanything.com/episode171

Jan 07 2019
1 hour 31 mins
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Rank #4: How to Spend Less, Earn More and Grow the Gap

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#91: Grow the gap between your income and your expenses: How to tackle the 4 biggest expenses in the average American household budget. Also, I share non-obvious tips on how to trim back on these costs. Enjoy! Paula For more details on this presentation, go to http://affordanything.com/episode91

Aug 21 2017
46 mins
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Rank #5: Andrew Hallam: How I Became a Millionaire on a Teacher's Salary

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#59: By his mid-30's, Andrew Hallam became a millionaire on a teacher's salary. He began by investing $100 a month upon advice given by a mechanic. Then he began saving nearly half his $28,000 teacher’s salary. Andrew rode a bicycle 35 miles to work, found ways to avoid paying rent, and regularly ate pasta and potatoes as well as clams he picked himself for added protein. In today's interview, Andrew shares that story. Find more comprehensive details at http://affordanything.com/episode59

Jan 09 2017
1 hour 2 mins
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Rank #6: Jen Sincero says she used to be a "grouchy broke person"

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#75: In her early 40's, Jen lived in a converted garage, buried in credit card debt and scrounging for spare change. She was the type of person who'd join her friends at a restaurant for dinner , order nothing except tap water, and fill up on the complimentary bread basket. She used duct-tape to repair her shoes. Her "splurges" consisted of buying new windshield wipers.   Despite her struggles, Jen believed that pursuing wealth was icky. She'd internalized negative social attitudes towards money, such as: Money isn't important. People are. Rich people are lucky / gross / shallow. You can't make money doing [insert your-dream-here]. You have to attend a good college to make money. Money is out of my reach. It's lonely at the top. Who has that kind of money? He/she is only about the money. Those negative attitudes, Jen says, were holding her back. So she created a more positive script -- such as "I'm good at making money," and "Money is a tool that helps me live my best life." This attitude shift made all the difference. In today's interview, Jen describes her journey from broke to badass, and she explains how everyone can become more of a maverick at making money. Enjoy! Resources mentioned in this episode can be found at http://affordanything.com/episode75  

May 01 2017
56 mins
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Rank #7: Suze Orman Says $2 Million is Nothing; You Need $10 Million to Retire Early. Internet Explodes

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#154: Want to retire early? You'll need at least $5 million, more likely $10 million, says famous financial personality Suze Orman. I should know. She said that to me, directly, on my podcast. I asked Suze for her opinion about a frugal, flexible person who wants to retire early with a $2 million portfolio. She warned that retiring would be a massive mistake. "Two million dollars is nothing," Suze said. "It's nothing. It's pennies in today's world, to tell you the truth." Wait, what? "Listen," she said. "If you have $20 [million], $40 [million], $50 [million] or $100 million dollars, be like me, okay. If you have that kind of money ... and you want to retire, fine." "But if you only have a few hundred thousand dollars, or a million, or $2 million, I'm here to tell you ... if a catastrophe happens ... what are you going to do? You are going to burn up alive." But what's wrong with retiring early on $2 million? Assuming it's invested 50/50 in equities and bonds and harvested at a 4 percent withdrawal rate, a portfolio of $2 million could create annual investment income of $80,000. Surely that's enough, right? *Riiiight?* Nope. Suze says that's not enough. "I think that in the long run, $80,000, especially after taxes and as you get older, is not going to be enough. You may think it's going to be enough, but it's just not," she told me on the Afford Anything podcast. "You can do it if you want to. I personally think it is the biggest mistake, financially speaking, you will ever, ever make in your lifetime." I asked her if a $3 million portfolio at a more conservative 3 percent withdrawal rate would be okay for an early retirement. She said no. "Think about it logically," she said. Supporting a disabled family member who needs full-time care could cost $250,000 per year, she said. Ordinary cost-of-living would cost another $100,000 per year. This means you'll need $350,000 per year after taxes to cover your costs, which is $500,000 per year before taxes, which at a 5 percent withdrawal rate means that you'd need a portfolio of $10 million. If you don't have at least $5 million or $10 million, don't retire early, Suze said. "Here's what the FIRE people, you are not thinking about, so I'm going to give it to you straight here now," she said. She described the possibility of getting sideswiped by massive taxes and catastrophic emergencies. What if your home gets destroyed by an earthquake or flood and insurance denies your claim? What if you're in a tragic car accident and you need full-time care? What if the U.S. experiences 25 percent unemployment, which means you won't be able to find another job if you wanted one? What if your investment income gets consumed by massive future tax hikes? "When you get older things happen," Suze said. "You're hit by a car, you fall down on the ice, you get sick, you get cancer. Things happen." "Alright, you can do it if you want to," she said. "I'm just telling you, you will get burned if you play with fire." For more, visit the show notes at http://affordanything.com/episode154

Oct 05 2018
1 hour 1 min
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Rank #8: Ultimate Beginner Guide to Real Estate Investing

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#4: Paula shares a confession. Then she redeems herself by sharing her gross monthly income. (Yeah. Listen from the beginning). Full show notes at http://TheMoneyShow.co/04 There are a variety of ways to invest in real estate: Flipping houses Buy-and-hold Tax liens Wholesale Income-producing rental properties (commercial and residential) Paula loves residential rental properties. Ask yourself: Do you want capital appreciation or cash flow from rental income? Paula puts a few guidelines in place to determine if a property is right for her. First of all, the monthly rent needs to be at least 1% of the total acquisition price. Example: A $100,000 home would need to rent for $1,000 a month. Why? Because roughly half of the rent is gobbled up by operating overhead: Taxes, Insurance, property management, and repairs/maintenance Paula offers much more valuable information in this episode and on her blog, AffordAnything.com.  

Jan 28 2016
1 hour
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Rank #9: The Seven Stages of Financial Independence, with Joshua Sheats

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#39: It's tempting to think of "financial independence" as a finish line. You've either crossed the finish line, or you're still running the race. But financial independence is more nuanced, says today's guest, Joshua Sheats. We experience seven stages of financial independence, Joshua says, and we should break down our Major Goal -- financial independence -- into a series of smaller steps. Joshua, a financial planner and host of the hit podcast Radical Personal Finance, describes these seven stages in today's show, offering tips about how to reach each one. Want a sneak peek at the seven stages? Check out https://affordanything.com/episode39

Aug 22 2016
1 hour 25 mins
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Rank #10: Habits We Rock to Kick Ass and Grow Wealth

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#3: Paula and J. Money share the financial habits they use to grow wealth. Full show notes can be found at http://themoneyshow.co/03 Listen as they share their favorites (and a couple neat tricks): Track Net Worth Maximize retirement savings accounts Pay bills at least 1 month in advance Set up bills on auto-pay Leave a buffer in your checking account Round up debt payments Double the principle payments of your mortgage Enjoying the show? Please leave a comment or write a short review for the show in iTunes: http://themoneyshow.co/itunes

Jan 28 2016
1 hour 7 mins
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Rank #11: Andrew Hallam (Part Two): The Nine Rules of Wealth You Should Have Learned in School

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#60: Andrew Hallam grew a million-dollar investment portfolio on a schoolteacher's salary by his mid-30's. In his bestselling book, Millionaire Teacher, he describes these nine lessons in detail. He shares these nine rules on this podcast, and his ideas are so substantive that -- for the first time -- I decided to release his interview as a two-part series. In last week's episode, Andrew shared the first three rules of building wealth. This week, Andrew dives into the final six rules that can turn middle-class people into millionaires. Here's a sneak peek:     •    #1: Learn how to think and spend like a millionaire.     •    #2: Start investing early. Time is your greatest investment ally.     •    #3: Choose low-cost index funds. Small fees pack big punches.     •    #4: Understand your inner psychology. Conquer the enemy in the mirror.     •    #5: Learn how to build a balanced, responsible portfolio.     •    #6: Create an indexed account, no matter where you live.     •    #7: Don't resign yourself to taking this journey alone.     •    #8: Inoculate yourself against slick sales rhetoric.     •    #9: If it sounds too good to be true, it probably is. These rules may sound simple, but our discussion took an advanced turn. Andrew and I dive deep into thorny topics like hedge funds, casinos, and human psychology. Enjoy this two-part series, and don't forget to check out Andrew's excellent book, Millionaire Teacher.

Jan 16 2017
1 hour 40 mins
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Rank #12: The Simple Path to Wealth, with Jim Collins

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#31: Jim Collins, also known as popular blogger JL Collins, has been financially independent since 1989. He achieved this in the simplest way possible: he saved half of his income and invested in index funds. Jim says the simplest possible approach is the best, if your goal is to build financial freedom. "The great irony of investing is the simpler of an approach you use, the more powerful of results you get." In this episode, he shares his ultra-simple approach to investing. He says that when you prioritize simplicity, above all else, you can ignore your investments and move on with your life: "Most people don't want to think about this stuff all the time. Most people want to get on with curing diseases and building bridges and writing peace treaties. But the smart ones know they have to have some kind of handle on their money." Check out Jim's ultra-simple path to wealth in this week's episode. http://podcast.affordanything.com

Jun 27 2016
34 mins
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Rank #13: One Tweak a Week in 2019 -- Easy Improvements to Your Financial Life in 2019

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#169: Happy New Years! To kickoff 2019, we've created a free book called One Tweak a Week, outlining 26 easy, actionable ways that you can improve your financial life. Each tweak takes less than one hour (some are as quick as five minutes), and taken together, these tweaks can accumulate into a serious impact. Improve your money management and get closer to financial independence with our free book, One Tweak a Week. You can download it here: https://affordanything.com/2019

Dec 31 2018
1 hour 6 mins
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Rank #14: Random Smattering of Lessons on Money, Work and Life — plus A Call for Radical Authenticity

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#103: On today’s show, I'm sharing this random smattering of lessons on money and life.⠀ ⠀ 1) Simplify everything 2) Risk = Probability x Magnitude 3) Curate 4) Never delay gratification 5) Know your net worth, relative to your lifetime earnings 6) Don't half-ass anything. (Whole-ass a few things)⠀ ...and more. In addition, I also sharing my mini-keynote from FinCon on the importance of authenticity and passion in online business. Find the full list at http://affordanything.com/session1

Nov 13 2017
54 mins
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Rank #15: From Debt to Financial Independence, with Get Rich Slowly Founder JD Roth

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#20: The Money Boss, JD Roth, went from $35k in credit card debt to selling a personal finance blog for an undisclosed amount of money. Today he shares how financial independence affected him - and how having enough money to be financially independent forces us to face our problems. For more information, visit the show notes at https://affordanything.com/episode-20-debt-financial-independence-get-rich-slowly-jd-roth/

Apr 11 2016
58 mins
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Rank #16: Ask Paula -- Get Ready for the Next Recession

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#110: We're kicking off this year on a bright and cheerful note -- with a conversation about the impending recession! Yay! We are living in one of the longest periods of economic expansion in our nation's market history. That's worrisome. How can we prepare for a recession? That's one of the four topics I cover in today's episode. For more information, visit the show notes at http://affordanything.com/episode110

Jan 01 2018
50 mins
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Rank #17: How We Retired at Age 38 and 41 -- with Tanja Hester & Mark Bunge

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#111: Tanja and Mark moved from pricey Los Angeles to the more affordable North Lake Tahoe. They started automatically saving and investing huge chunks of their paycheck. They crafted detailed spreadsheets, plotting precisely how much they'd need to save before they could comfortably quit their jobs. Today, Tanja and Mark are newly-retired ... at the ages of 38 and 41. For more information, visit the show notes at http://affordanything.com/episode111

Jan 08 2018
55 mins
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Rank #18: Four Unhealthy Attitudes Towards Money -- with Dr. Brad Klontz, Financial Therapist

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#127: Most people know what they “should” do — save for the future. Spend less than they earn. Why do so few people follow through? In this episode, Dr. Klontz and I discuss shame, guilt, and how to implement behavioral changes. We talk about how to contextualize our beliefs based on our family history, and how to recognize whether or not our beliefs are limiting or dysfunctional. For more, visit the show notes at http://affordanything.com/episode127

Apr 30 2018
1 hour 6 mins
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Rank #19: Life After Financial Freedom, with Brandon - the Mad FIentist

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#100: Over a year-and-a-half and two million plus downloads later, the Afford Anything podcast has hit another awesome milestone: the 100th episode! To celebrate, I recorded this one live from Ecuador with my good friend Brandon, otherwise known as the Mad FIentist. If you've been a listener since the early days, you may remember Brandon from episode #7. He was the first guest to appear on the podcast, and I'm thrilled to have him back on for round two! In this episode, we focus on life after financial freedom: What projects has Brandon been working on? What are the biggest lessons he's learned from being FI so far? How does he maintain motivation to get things done now that money isn't an issue? What does a typical day look like for Brandon? How Brandon's wife became a FIentist after some initial resistance. Why full-time travel after FI didn't work out for him and more! Enjoy, and thanks for listening! For show notes, go to http://affordanything.com/episode100 

Oct 23 2017
54 mins
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Rank #20: How to Make Money without a Job -- with Nick Loper from Side Hustle Nation

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#85: Nick Loper joins us on this week's episode to explain how to develop a "side hustle," a small micro-business that provides a supplemental source of income. We talk about tapping into the Sharing Economy, Freelancing / Expertise-Based Businesses, and E-Commerce. Find the show notes with links to everything we mentioned at http://affordanything.com/episode85

Jul 10 2017
1 hour
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