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Afford Anything

580 episodes - English - Latest episode: 14 days ago - ★★★★★ - 3.3K ratings

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.

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Episodes

Q&A: "I'm Scared of Running Out of Money in Retirement!"

June 04, 2024 05:00 - 53 minutes

#511: Sara is five years from retirement with a paid-off house. But she’s worried that her money will run out before she turns 80. What does she need to do now to protect her future self?  Lauren is a personal finance nerd who gets it. But one question perplexes her: When should she should choose an ETF over an index mutual fund? What about vice versa? Paula and Joe explain. An anonymous caller plans to sell her house and live a “slow-madic” lifestyle. But she’s on disability and needs to k...

How to Master the Psychology of Persuasion, with Michael McQueen

May 31, 2024 16:23 - 53 minutes

#510: Maybe you’re trying to convince: – Your spouse | to embrace the FIRE movement. – Your teenage kids | to invest some of their summer job money in stocks. – Your neighbor | to sell you their house in a private, off-market deal. – Your boss | to give you more vacation time. – Your client | to pay you more. Today’s episode is about how to change minds, build trust, navigate conversations, and influence and persuade others. We chat with Michael McQueen, a social researcher, strategist, and t...

I’m Retiring at Age 34 and a Half!

May 28, 2024 05:00 - 44 minutes

#509: Rob wants to retire early, but a real estate investment led to $30,000 of credit card debt. Should he take on more debt to pay it off? An anonymous return caller took Paula’s advice and ran with it, doubling her income within a few years. Should she update her investment strategy now that she’s in a higher tax bracket? Humaira is tired of paying rent with nothing to show for. Can she leverage some benefits by using her credit card to pay the bills? Former financial planner Joe Saul-S...

Stanford Researcher Dr. Mary Murphy on How to Cultivate a Growth Mindset

May 24, 2024 14:29 - 54 minutes

#508: Recently I chatted with Stanford researcher Dr. Mary Murphy, a renowned expert in the field of psychological and brain sciences. Dr. Murphy, who is a Professor at Indiana University and conducts research at Stanford University, shared insights into the concepts of fixed mindset and growth mindset. We deep dived into her extensive research on how these mindsets impact motivation, performance, and relationships at work and home. She conducted research alongside legendary psychologist D...

How One Ex-Inmate is Building a Better Future

May 21, 2024 15:57 - 1 hour

#507: Robert was recently released from prison and wants to start his life on the right foot. What’s Joe and Paula’s advice for him? Suzy is excited to deploy her first corporate bonus but scared to invest everything in a lump sum. Should she stick with what’s worked in the past and just dollar cost-average? Meghan doesn’t understand how stock pricing affects capital appreciation. Is it always better to buy when share prices are low? Former financial planner Joe Saul-Sehy and I tackle thes...

MadFientist: Life is Too Short to Wait for Someday

May 17, 2024 22:11 - 1 hour

#506: "Today's guest, Brandon Ganch, also known as the MadFientist, reached Financial Independence (FI) and quit his job as a software developer at 34. But then he faced a vexing question: what should he do with the rest of his life? In this episode, Brandon shares his journey with FI, revealing the gap between the ideal life you envision on spreadsheets and the reality that unfolds. He talks about reaching FI sooner than planned, having more money than anticipated, and the adjustments he ha...

Harvard Dropout Builds Nation’s First Car-Free Utopia, with Ryan Johnson and JD Roth

May 14, 2024 17:58 - 58 minutes

#505: Ryan Johnson isn't your average CEO. He's a visionary reimagining city life, one car-free community at a time. In this episode, we chat with Ryan, the co-founder of Culdesac, about building walkable neighborhoods designed for human connection, not just traffic. We'll dive into his experience with Opendoor, his passion for electric bikes (he owns over 60!), and his audacious plan to revolutionize urban living. Buckle up (or maybe don't) for a conversation about the future of cities, the ...

The Points Guy: Growing a Side Hustle into a 140-Person Business

May 10, 2024 05:00 - 1 hour

#504: Brian Kelly faced a harsh reality during the Great Recession – $65,000 in income and crushing credit card debt.  He started a simple side hustle, a website called The Points Guy, as an attempt to earn a few hundred dollars a month.   Fast forward to today: The Points Guy boasts 11 million monthly visitors and a thriving team of 140 employees.   In this episode, Brian pulls back the curtain on his incredible journey, transforming a fledgling side hustle into a multimillion-dollar ente...

Q&A: “My Husband is Not Reliable with Money. Should We Split Finances?

May 07, 2024 13:51 - 1 hour

#503: Lindsay’s husband struggles with a mental disability. She’s worried about the impact on her family’s finances. How does she maintain harmony in her marriage and protect her kids’ future? An anonymous caller is stoked about her young nephew’s interest in saving for retirement. What’s Paula and Joe’s advice for a teenage saver? Another anonymous caller wants to get personal about Paula’s personal finances. Following up on a discussion from episode 494, Melanie has exciting news to shar...

Fed Keeps Interest Rates High; Jobs Grow for 40th Consecutive Month

May 03, 2024 17:56 - 43 minutes

#502: The Fed met earlier this week and elected to keep interest rates at a 23-year high, in an effort to wrestle inflation closer to its two percent target. Despite this, the April jobs report, which was released today, shows that jobs grew for the 40th consecutive month, and unemployment remains under 4 percent, an historic low, for the 27th straight month. The 12-month inflation rate is 3.5 percent, based on March CPI data. Stocks remain on a tear, but performance is lopsided, with 10 c...

Mic Drop! ChooseFI's Brad Barrett Interviews Paula Pant

May 01, 2024 18:29 - 1 hour

#501: Drop the mic! ChooseFI's Brad Barrett takes the host role in this special episode, interviewing Paula Pant about the financial independence community. This episode was recorded LIVE at a comedy club in Brooklyn, as the final installment of the Episode 500 and 501 celebration. For more information, visit the show notes at https://affordanything.com/episode501 Learn more about your ad choices. Visit podcastchoices.com/adchoices

LIVE EVENT Q&A: Episode 500, Part 2, with ChooseFI’s Brad Barrett

April 26, 2024 06:00 - 59 minutes

Enjoy Part 2 of our two-part Episode 500 special, recorded live at a comedy club in Brooklyn. Host Paula Pant and special guest Brad Barrett from ChooseFI answer questions from the audience, live on stage. Learn more about your ad choices. Visit podcastchoices.com/adchoices

LIVE FROM BROOKLYN: Episode 500 with ChooseFI’s Brad Barrett

April 24, 2024 16:23 - 53 minutes

Enjoy Part 1 of our two-part Episode 500 special, recorded live at a comedy club in Brooklyn. Brad Barrett, host of the ChooseFI podcast, joins us on stage to talk about what financial independence ideas and practices have changed … and what ideas and practices have remained consistent, universal and time-tested throughout the years. For more information, visit the show notes at https://affordanything.com/episode500 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Vicki Robin: Financial Independence After 70 [GREATEST HITS WEEK]

April 19, 2024 06:00 - 44 minutes

We delve into the world of Financial Independence (FI) with a pioneer -- Vicki Robin, the co-author of Your Money or Your Life. In the 1970s, Vicki Robin and Joe Dominguez, from vastly different backgrounds, came together over a shared vision: FI as a life philosophy, not just a savings strategy. Their book, "Your Money or Your Life," which sold more than one million copies, outlined a three-dimensional approach to FI: Financial Intelligence: Thinking clearly and objectively about money. Fi...

A.J. Jacobs: Habits, Health, and Human Connection [GREATEST HITS WEEK]

April 18, 2024 06:00 - 34 minutes

Esquire Magazine editor-at-large and bestselling author A.J. Jacobs joins the show to discuss his experimental approach to life. Jacobs, whose TED Talks have been viewed more than 3 million times, shares best practices around motivation, habits, confidence, boosting happiness, and optimizing creativity. In this episode: -- Discover the benefits that come from frequently changing your habits -- Learn why "fake it 'til you become it" is A.J.'s secret weapon for habit development. -- Explore how...

Michael Kitces: Investing in Stocks vs. Skills [GREATEST HITS WEEK]

April 17, 2024 06:00 - 1 hour

Stocks or skills? How should you invest? Should you pour money into unlocking your income potential? Or should you pour money into the market? Forget the motivational posters -- unlimited potential is real. But unlocking it takes investment. The question is: Do you invest in yourself or the market? Stocks, bonds, real estate offer clear returns. But what about investing in your skills, a side hustle, or education?  Financial advisor Michael Kitces joins us to crack the code on maximizing yo...

JL Collins: How to Beat Wall Street with a Boring Portfolio [GREATEST HITS WEEK]

April 16, 2024 06:00 - 29 minutes

JL Collins, the author of "The Simple Path to Wealth," achieved financial independence in 1989 with a surprisingly simple strategy: saving half his income and investing in index funds. In this episode, JL breaks down his ultra-simple investing approach. He argues that keeping things uncomplicated leads to better results in the long run. "The less you mess with your investments," he says, "the more freedom you have to focus on what truly matters." This episode is for anyone who feels overwhe...

Jean Chatzky: The 50% Off Fallacy & Other Ways You're Sabotaging Your Savings [GREATEST HITS WEEK]

April 15, 2024 06:00 - 29 minutes

Today’s guest is Jean Chatzky, financial editor for the TODAY Show, host of the HerMoney podcast and a frequent guest on TV shows like Oprah, Regis & Kelly, and The View. We discuss six money rules to guide your spending, including: #1: The more time you spend looking, the less happy you’ll be with what you find. #2: Your retirement trumps their tuition. #3: Losing money hurts more than it should. #4: Big numbers make smart people do stupid things. #5: Don’t lend money to friends & relative...

Q&A: We Save $5,000 Per Month. Where Should We Invest It?

April 12, 2024 17:00 - 1 hour

#499: Eugene and his wife are retiring with a $10 million net worth and a guaranteed income that exceeds their annual budget. Do they still need things like life insurance and a financial advisor? The next question, at 30:24, comes from an anonymous caller. Her HOA costs have doubled since she bought her condo. She’s wondering if it’s still a good investment. Should she keep it or sell it? We answer Nandini’s question at 48:14. Nandini and her husband save tons every month toward no goal in p...

Harvard Business Professor Explains Investing in NFTs

April 10, 2024 22:11 - 1 hour

#498: Financial literacy includes understanding NFTs, DeFi, and cryptocurrency. But it's hard to separate education from hype. Harvard Business School's Scott Duke Kominers, a professor in Harvard's Entrepreneurial Management Unit, and a Faculty Affiliate of the Harvard Department of Economics and the Harvard Center of Mathematical Sciences and Applications, joins us alongside Web3 expert Steve Kacizinsky to explain the financial, technological and social significance of NFTs. NFTs, or Non-...

Harvard Business Professor Explains Investing in NFT's

April 10, 2024 22:11 - 1 hour

Financial literacy includes understanding NFT's, DeFi, and cryptocurrency. But it's hard to separate education from hype. Harvard Business School's Scott Duke Kominers, a professor in Harvard's Entrepreneurial Management Unit, and a Faculty Affiliate of the Harvard Department of Economics and the Harvard Center of Mathematical Sciences and Applications, joins us alongside Web3 expert Steve Kacizinsky to explain the financial, technological and social significance of NFT's. NFT's, or Non-Fun...

Tribute to Dr. Daniel Kahneman, Who Won a Nobel in Economics Even Though He Never Took an Econ Class

April 06, 2024 01:37 - 36 minutes

#497: Princeton Professor Daniel Kahneman never took an economics class. But he won the 2002 Nobel Prize in economics, thanks to his advancements in understanding the psychology of money. In today’s episode, we pay homage to the late Dr. Kahneman, who passed away on March 27 at age 90. We also discuss the jobs report, inflation data, the booming stock market, the next Bitcoin halving, Capital One’s acquisition of Discover, and the National Association of Realtors settlement. Enjoy! For more ...

The Pay Cut Price of Freedom

April 03, 2024 05:00 - 1 hour

#496: How much of a pay cut would you take for a lighter workload?  Today we hear from Paul, 35, who’s grappling with that question.  Paul’s boss offered him the chance to cut his hours and salary by 25 percent. He’d love to work fewer hours. He has a decent net worth, plenty of savings, and no debt. Should he grab the opportunity? Or stick with his long-term financial independence and early retirement plans? An anonymous caller and her husband want to retire at 55. They also want a bigger...

Dr. Cal Newport: Achieve More by Doing Less

March 28, 2024 12:42 - 1 hour

#495: Marie Curie won the Nobel Prize in Physics in 1903 and the Nobel Prize in Chemistry in 1911. She's famous for her work in radioactivity. Lin-Manual Miranda is a songwriter, producer and director who won the Pulitzer Prize in Drama in 2016, as well as several Tony awards. What do they have in common? They lived a century apart. They innovated in disparate fields. But they shared a similar productivity practice. Both achieved greatness by embracing the practice of slow productivity, says ...

My Husband Makes Double My Income, But Saves Nothing! Should I Be Worried?

March 20, 2024 17:30 - 49 minutes

#494: Tatyana is about to pay off her house at age 39! What’s next? Her husband, who earns twice as much (and whom she met after she bought the home), has no savings. They want a boat. Should she focus there? Matthew recently ended a relationship that resulted in a real estate buyout with an 8.1 percent interest rate. With rates expected to decline, how long should he wait to refinance the loan? Rachel’s friends know her as the finance gal, but she’s stumped about closed-end funds. What shoul...

Wall Street Secrets, with Your Rich BFF Vivian Tu

March 13, 2024 08:00 - 59 minutes

#493: Do you ever wonder what happens behind closed doors on Wall Street? Vivian Tu, also known as Your Rich BFF, is here to spill the tea. Vivian grew up in a modest immigrant family. After college, she found herself working insane hours on Wall Street after college. While working on Wall Street, Vivian saw some weird things. Once, a coworker stumbled hungover into the office after a trip to Atlantic City, carrying a duffel bag with thousands of dollars in cash inside. Vivian realized that t...

I’m Earning Extra from my Side Hustle. But Does This Cramp My Chances at Investing?

March 07, 2024 12:51 - 56 minutes

#492: Christine’s business is struggling. She needs more income. If she adds a full-time remote job to her plate, how will her retirement and finances change? Rob enjoyed a banner year in 2023. He made over $1 million. But the sting of income tax has him making moves that violate his investment strategy. Is his tax tail wagging the dog? Gena is excited to make the most of business deductions. Can she contribute 100 percent of her wages to a 401k and have the company match that? Christina is t...

Why Bitcoin is Back in the News | First Friday

March 01, 2024 22:38 - 22 minutes

#491: Welcome, Emma Chamberlain’s fans!! Thanks for joining the Afford Anything community. You can find out how to escape the 9-to-5 grind at affordanything.com/escape Once a month, on the First Friday of the month, we explore the hot economic and money stories that are dominating the headlines. These days, Bitcoin is back in the news. As of Friday morning, March 1st, its price ranged around $62,000, which is pretty darn close to its previous all-time high of $68,700. But why? Crypto was hot ...

Inside the Mind of a Supercommunicator, with Charles Duhigg

February 28, 2024 21:47 - 1 hour

#490: Great communication will get you a raise. It'll get you promoted. You'll land the corner office. You'll make friends and be the life of the party. You'll land business deals and form lucrative partnerships. Supercommunication is a superpower. But how do we build it? Sometimes, you might walk away from a conversation with the joy of having made a cool new friend. Or you snagged a critical piece of information that you realllllly needed. Or you successfully negotiated an extra $5,000 off...

Ask Paula: What to Do with a Six-Figure Windfall?

February 21, 2024 06:00 - 1 hour

#489: Cara made $100,000 in commissions this year, her biggest bonus ever. What should she do with the money if she wants to retire early? An anonymous caller is upset that the 401k plan he sold his boss on is charging him an Assets Under Management (AUM) fee. Should he keep the 401k at all? Remy and her husband need to come up with $30,000 for IVF treatments. How do they build their family without breaking the family finances in the process? Another anonymous caller and his partner have live...

Gut Instincts and Big Decisions, with Morgan Housel

February 14, 2024 23:18 - 1 hour

#488: Ever made a flippant, seemingly minor decision that radically changed the course of your life? Morgan Housel has experienced this. At age 17, he made a quick decision that ended up saving his life. Sadly, two of his friends were less fortunate. He shares that story in today's podcast episode, and sheds light on the lessons he's learned from it. Housel says that his lifesaving choice -- and many of our other important decisions -- are snap verdicts, ones that we don’t spend much time thi...

Ask Paula: "Should I Put My Dreams on Hold … and Buy a House Instead?"

February 07, 2024 16:41 - 1 hour

#487: Luis’s wife is killing it at her side hustle. The unexpected income has led Luis to YouTube for hacks to capitalize on their surplus. Can a 529 plan double as long-term care savings? Elizabeth is frustrated with the housing market. She’s been saving for years but isn’t anywhere near her goal. Should she give up and spend it on a dream pottery course instead? Steve has a dilemma. He doesn’t borrow money on principle. And his wife doesn’t want to sell their current house until they’ve clo...

Stocks are Hot. Jobs are Hotter. What’s Next?

February 02, 2024 16:23 - 53 minutes

#486: By every definition of the word, we’re in a bull market. The S&P 500 hit record highs for five consecutive days last week, and remained strong throughout this week. The Dow is above 38,000 for the first time in history. Unemployment has stayed below 4 percent for 24 months, marking the strongest employment in half a century. And consumer sentiment, which reflects more pessimism than the data warrants, is showing signs of improvement. The Fed met this week and decided to hold rates stead...

How to Start a Business in One Weekend, with Noah Kagan

January 31, 2024 22:01 - 1 hour

#485: If you’ve ever thought: "I’d love a business BUT …” I don’t have TIME I don’t have MONEY I don’t have IDEAS I have TOO MANY ideas and I don't know where to start I'm not technical I'm not creative or artistic I'm not good at sales You're not alone. Countless people don't start businesses or side hustles for these reasons. And they're losing thousands -- perhaps millions -- in opportunity cost. How much could you make if you started a side hustle that eventually scaled into a bus...

Ask Paula: The Hidden Cost of Student Loan Forgiveness

January 24, 2024 09:00 - 1 hour

#484: Kristen’s financial advisor charges a 1.3 percent fee on her investments. They also sold her term life, whole life, and long-term disability insurance. Do they have her best interests at heart? Casey has $290,000 in student loan debt. He committed 10 years to one employer for a chance at public service loan forgiveness. But five years in, Casey questions what he’s missing out on. Sara feels like it’s time to move to a more conservative asset allocation but she’s torn between buying bond...

Thriving in a High-Pressure World, with Jennifer Breheny Wallace

January 18, 2024 03:55 - 48 minutes

#483: Competitive. Results oriented. Driven to be the very best. These are a few ways to describe achievement culture. Achievement culture can also be described as stressful, high pressure and unhealthy. Yet, there is consistently the pressure – internally and externally – to make more money, be a better parent, spouse, friend, or employee. These burdens comes at a heavy cost to our well-being. Jennifer Breheny Wallace, author of the New York Times Best Seller “Never Enough: When Achievement ...

Ask Paula: Should We Drain Our Brokerage to Make a HUGE Down Payment?

January 10, 2024 06:00 - 1 hour

#482: A caller named “M” wonders if liquidating stocks for a larger down payment makes sense in a high-interest rate environment. An anonymous caller wants to take a pay cut to pursue his passions. But 75 percent of his net worth is in real estate. Is this too risky? Tiffanie hasn’t saved enough for early retirement, but she has a plan to use home equity to accelerate her goals. Is this going to work? Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode...

What’s In Store for 2024? Bitcoin, Home Buying, and Kiyosaki’s $1.2 billion in debt

January 05, 2024 21:36 - 34 minutes

#481: Predicting the stock market is a terrible idea. But we can look at economic indicators and upcoming events to get a big-picture, 30,000-foot view of where our economy might be heading in 2024. In today’s episode, we explore what’s in store for 2024. We talk about the recent surge in Bitcoin prices, and the expected SEC approval of a Bitcoin ETF. We discuss when the Fed will lower interest rates, and the impact this might have on home buying. We talk about Robert Kiyosaki’s recent admiss...

Your Blueprint for Life's Toughest Challenges, with Hal Elrod

January 04, 2024 10:32 - 1 hour

#480: The death of a sibling. Being declared dead after a head-on collision with a drunk driver. Suffering financially during the Great Recession. CANCER. Today’s guest, Hal Elrod, has battled all of these tough challenges. His little sister passed away in his mother's arms. Years later, Hal was hit by a drunk driver, broke 11 bones, declared dead, and once revived, learned that he might have to spend the rest of his life in a wheelchair. (He eventually regained his ability to walk.) And aft...

Ask Paula: Is Mom Getting Ripped Off by Her Investment Advisor?!

December 27, 2023 09:00 - 1 hour

#479: Nicole’s 78-year-old mom is paying huge fees for low returns. How can Nicole help her mom make better investments? Paul is a single dad, worried about paying his daughter’s college costs. He’s trying to figure out how to report lower income on the FAFSA, so that his daughter can get better financial aid. Nick is in his 40’s. His long-term care insurance rate is nearly doubling. Should he stop spending on this type of insurance? Former financial planner Joe Saul-Sehy and I tackle these t...

Buy the Damn Guac, with Jamila Souffrant

December 20, 2023 21:55 - 58 minutes

#478: Ever skipped that extra drink, pricey cheese, or a night out for the sake of your wallet? If this feels familiar, then you’ll appreciate today’s episode with Jamila Souffrant. Jamila is a Certified Financial Education Instructor, podcast host, and author, guiding us on making savvy choices to save while still having fun. Jamila explores the power of understanding our ""why not,"" staying motivated on our financial paths, shaping a success-bound mindset, and posing THREE crucial self-ass...

Ask Paula: Investing for the Future vs. Paying Down the Past

December 13, 2023 06:00 - 1 hour

#477: Kayla is torn between paying off a loan early or catching up on missed retirement contributions. Josh wants to retire early and meets the threshold for zero capital gains taxes. Should he put all his retirement savings into a brokerage account? An anonymous caller wants to know how to merge financial lives with her husband from another country. 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://a...

Astronaut's Guide to Taking YOUR Moonshot, with Mike Massimino from NASA and Big Bang Theory

December 06, 2023 22:21 - 1 hour

#476: Mike Massimino stared in disbelief at his TV. The date was July 16, 1969, and he marveled as Neil Armstrong and Buzz Aldrin landed on the moon. At that moment, he knew he wanted to become an astronaut. He was six years old. But as Mike grew older, he developed more “realistic” dreams. After all, every kid wants to become an astronaut. The chances of making it are incredibly slim. He went to a local college, studied engineering, and took a job at IBM. But he couldn’t shake the tiny voice...

Tribute to Charlie Munger, The Man Who Taught Warren Buffett How to Invest

December 01, 2023 06:00 - 23 minutes

#475: Born in 1924, Charlie Munger was raised during the Great Depression. At the time of his death on Tuesday, his net worth was estimated at $2.6 billion. But Munger’s greatest achievement wasn’t merely the scorecard of his net worth. His wit and wisdom, which Munger shared with the world through his book, Poor Charlie’s Almanack, which made him one of the most respected investors of the last century. Munger is the man who taught Warren Buffet how to invest. He’s lauded as the moral compass...

Surviving a $35,000 Credit Card Scam, Job Loss and Foreclosure, with Tiffany Aliche, The Budgetnista

November 29, 2023 21:51 - 1 hour

#474: When Tiffany Aliche was in her 20’s, she fell victim to a credit card scam. A crafty swindler convinced her to take out a cash advance against her credit card for $35,000. He said that he’d invest the money and produce Bernie Madoff-style returns. She was an inexperienced investor. She believed him. She never saw that money again. Aliche worked at a preschool. She didn’t make much money to begin with. But matters worsened when the school shut down, and she lost her job. She fell behind ...

Ask Paula: How to Pay Off a $8,000 Medical Bill Without Going Broke

November 24, 2023 21:22 - 55 minutes

#473: Sarah has cash to pay a $8,000 medical bill but she’s reluctant to drain her savings. Should she sign up for the hospital’s interest-free payment plan? Jennie is an independent consultant but gets paid as a W-2 employee. Without access to a SEP IRA or a 401k plan, is there another option to save for retirement? An anonymous caller is wondering how to run a cost-benefit analysis on pursuing a graduate degree. Brian is getting inundated with spam calls as a real estate investor. Is there ...

Happiness Habits, with Harvard Professor Arthur Brooks

November 15, 2023 22:24 - 1 hour

#472: Imagine this: You’re a teenage musical prodigy, a world-class classical French horn player. You drop out of college at age 19 and spend your twenties touring the globe as a musician (including, once, tripping and falling off the stage at Carnegie Hall). At age 31, you retire from your musical career, get a Ph.D., and become a professor – first at Syracuse and then at Harvard, where you teach both at Harvard Business School and at the Harvard Kennedy School. You publish 13 books and writ...

Ask Paula: I Came Into A Lot of Money. What Should I Do With It?

November 08, 2023 10:00 - 1 hour

#471: Bob split a $350,000 windfall between savings and paying down his mortgage. But now he’s wondering if he made a good choice. Can Paula and Joe do the math to justify his gut-driven decisions? Julia wants to tap the equity from a second home to buy a third home in Texarkana, Texas. Is this a good plan? Joey Jr. wants to retire early, put two kids through college and buy a vacation home within the next five years. How can he afford to do it all? An anonymous caller wonders if $1 million i...

The GDP Grew 4.9 Percent, Unemployment is at a Near-Record Low … and Everybody’s Stressed About Layoffs

November 03, 2023 17:28 - 35 minutes

#470: The economy is booming. GDP grew 4.9 percent last quarter, the fastest rate of growth since 2021. Consumer spending jumped 4 percent. Unemployment is holding steady at 3.8 percent, historically low. The U.S. added net new jobs for the 34th consecutive month. And yet – people are worried. Online discussion around layoffs at its highest point since July 2020. High-profile headlines about major staffing cuts – most recently from Schwab, which is dismissing 2,000 employees – fuel these fe...

Ask Paula: Feeling FOMO About Your Home Equity? Here's What to Do

November 01, 2023 09:00 - 49 minutes

#469: Lindy feels like her $300,000 of accumulated equity could be put to better use. But she doesn’t want to buy more real estate right now. What’re her options? Katie wants to become a landlord in her home state but she’s concerned about the effects of redlining. Should she look into Section 8? Claudia lives in Germany and wants to buy an apartment in Manhattan. But she knows nothing about US real estate. Where does she start? I tackle these questions in today’s episode. Enjoy! P.S. Got a ...

Guests

Cal Newport
2 Episodes
Clark Howard
2 Episodes
Farnoosh Torabi
2 Episodes
Gretchen Rubin
2 Episodes
Jill Schlesinger
2 Episodes
Joshua Sheats
2 Episodes
Laura Vanderkam
2 Episodes
A.J. Jacobs
1 Episode
Bob Lotich
1 Episode
Cameron Huddleston
1 Episode
Carrie Olsen
1 Episode
Chad Carson
1 Episode
Chris Guillebeau
1 Episode
Chris Hogan
1 Episode
Daniel Pink
1 Episode
David Bach
1 Episode
David Epstein
1 Episode
Ed Slott
1 Episode
Elaine Pofeldt
1 Episode
Erin Lowry
1 Episode
Gabriel Weinberg
1 Episode
Grant Baldwin
1 Episode
Jaime Masters
1 Episode
Jean Chatzky
1 Episode
Jenny Blake
1 Episode
Jim Collins
1 Episode
Joe Saul-Sehy
1 Episode
John Lee Dumas
1 Episode
John Zeratsky
1 Episode
Ken Honda
1 Episode
Kristen Berman
1 Episode
Laura Roeder
1 Episode
Mark Manson
1 Episode
Michael Kitces
1 Episode
Michael Robinson
1 Episode
Mike Vardy
1 Episode
Natalie Sisson
1 Episode
Nick Loper
1 Episode
Noah Kagan
1 Episode
Paula Pant
1 Episode
Paulette Perhach
1 Episode
Pete Mockaitis
1 Episode
Rachel Cruze
1 Episode
Rich Carey
1 Episode
Roger Whitney
1 Episode
Ruth Soukup
1 Episode
Ryan Holiday
1 Episode
Scott Harrison
1 Episode
Scott Rieckens
1 Episode
Scott Young
1 Episode
Stephen Guise
1 Episode
Susan David
1 Episode
Todd Herman
1 Episode
Tom Corley
1 Episode
Vicki Robin
1 Episode
Wendy Mays
1 Episode

Books

Twitter Mentions

@affordanything 2 Episodes
@marybstorj 1 Episode