Page de couverture de Afford Anything

Afford Anything

Afford Anything

Auteur(s): Paula Pant | Cumulus Podcast Network
Écouter gratuitement

À propos de cet audio

 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.2024 Afford Anything LLC Finances personnelles Gestion et leadership Économie
Épisodes
  • The Third Option Between Working and Retiring

    The Third Option Between Working and Retiring
    Sep 26 2025
    #646: Picture this: your 11-year-old son comes home from a friend's house and asks why you don't have a basketball court in your basement like his buddy's family. Instead of just saying "we can't afford it," you explain that having one would mean dad goes back to working 60-hour weeks and traveling constantly. Your son thinks for a moment and says, "No thanks, I'd rather spend time with you." Andy Hill found himself having exactly this conversation with his son — and it perfectly captures the philosophy that led him and his wife to redesign their entire approach to work and family life. By age 40, Andy and his wife Nicole had built a $500,000 investment portfolio and paid off their house completely. But instead of continuing the corporate grind toward traditional retirement, they made a radical choice: They both switched to part-time work, roughly 20 to 25 hours per week each. Andy joins us to share a 10-step plan for anyone who wants to also switch to a model in which BOTH parents work part-time. We discuss the concept of Coast FIRE – the point where you've invested enough that your money will grow to a comfortable retirement without any additional contributions. Think of it as eliminating your biggest monthly "bill" – retirement savings. Once Andy and his wife hit this milestone, they could afford to earn less and live more. The conversation covers Andy's 10-step framework for achieving this lifestyle, from dreaming about what you actually want to eliminating debt to building what he calls "FU money" — the cash cushion that gives you confidence to make bold career moves. Resources mentioned: Andy Hill's book on Amazon: Own Your Time Marriage, Kids, and Money Podcast (4:01) Why the shift(5:35) What their life looks like now (9:08) Why extremes didn’t work for Andy and Nicole (14:45) Step 1 Dream and define your ideal life (18:21) Step 2 Commit to living without high-interest debt (20:38) Step 3 Protect your family (insurance, estate plan, emergency fund) (27:04) Step 4 Invest to reach Coast FIRE (30:29) Step 5 Pay off your home (or optimize if renting (36:21) Step 6 Stockpile FU money (47:53) Step 7 Design a three-day workweek (57:02) Step 8 Plan your intentional four-day weekend (1:02:39) Step 9 Simplify to avoid lifestyle creep (1:08:56) Step 10 Teach your kids the path to time freedom Share this episode with a friend, colleagues, or with your neighbor with the tricked-out basement : https://affordanything.com/episode646 Learn more about your ad choices. Visit podcastchoices.com/adchoices
    Voir plus Voir moins
    1 h et 12 min
  • Q&A: My Friend Won’t Invest - How Can I Help?

    Q&A: My Friend Won’t Invest - How Can I Help?
    Sep 23 2025
    #645: Mike: After 15 years of intentional living, Mike is 80 percent of the way to financial independence. Now he’s trying to help friends take control of their own financial future. But what happens when one spouse is eager to learn and invest, while the other isn’t interested? Michael: For two years, Michael has tracked his net worth monthly. So far, growth has been driven almost entirely by how much he saved. But when will investment returns begin to take over and shift that steady line into an exponential curve? Alvaro: After 15 years of investing in U.S. and European real estate, Alvaro has a big decision to make. Should he leverage a commercial loan to build an ADU for short-term rental income, or take on more personal debt to expand their family home? Jonathan: After hearing Paula and Joe discuss the efficient frontier — and then listening to Big ERN, Paul Merriman, and JL Collins — Jonathan can’t help but wonder: has Joe’s perspective evolved? Is the simple path still enough, or is there merit in a more complex approach? Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode. Enjoy! P.S. Got a question? Leave it ⁠here⁠. Timestamps: 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. (02:50) Mike (27:07) Michael (34:00) Alvero (58:50) Jonathan Resources Mentioned: JL Collins Part 1 and Part 2 Karsten Jeske (Big Ern) Episode 643 Paul Merriman Episode 550 Learn more about your ad choices. Visit podcastchoices.com/adchoices
    Voir plus Voir moins
    1 h et 17 min
  • The Hidden Psychology Behind Every Financial Decision You Make with Dr. Daniel Crosby

    The Hidden Psychology Behind Every Financial Decision You Make with Dr. Daniel Crosby
    Sep 19 2025
    #644: Why do we both crave money and resent it? Why do some people sabotage their financial futures in the name of short-term comfort? And why is your brain — not the stock market — the biggest threat to your wealth? In this conversation, we explore the surprising ways that psychology and money intertwine. Our guest, Dr. Daniel Crosby, is a behavioral finance expert, psychologist, and bestselling author of The Soul of Wealth, The Behavioral Investor, and The Laws of Wealth. His research dives into how our emotions, childhood scripts, and personalities shape the financial decisions we make every day. Dr. Crosby shares why investing is an act of optimism, why income matters more than coupon clipping, and how our spending reveals truths about who we really are — even when we don’t realize it.. Key Takeaways Money is a mirror. The way you earn and spend reflects your real values, not just your stated ones. Tracking your money reveals gaps between who you say you are and how you actually live. Income drives wealth. Frugality matters, but once the basics are handled, your long-term financial future is determined more by growing your income than by cutting costs. Short-term comfort is costly. The biggest threat to your wealth isn’t the market — it’s the temptation to prioritize momentary relief (panic-selling, stress spending) over your long-term goals. Resources & Links Dr. Daniel Crosby on LinkedIn Standard Deviations Podcast Books by Dr. Crosby: The Soul of Wealth The Laws of Wealth The Behavioral Investor Personal Benchmark Closing This episode reminds us that building wealth isn’t just about math — it’s about mindset. The markets may fluctuate, but the greatest risks and rewards often lie within our own psychology. If you enjoyed this conversation, share it with a friend, subscribe to our newsletter at affordanything.com/newsletter, and connect with our community at affordanything.com/community. You can afford anything, but not everything. Choose wisely. Timestamps: 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. (3:24) — Does money really buy happiness? Rethinking the $75k income myth. (8:48) — Our conflicted relationship with money: Love, resentment, and the paradox of wealth. (10:32) — Childhood money scripts: How early beliefs still drive adult financial behavior. (16:10) — Personality traits & money outcomes: Why agreeableness and neuroticism matter. (20:15) — Investing as an act of optimism: Human progress, markets, and long-term growth. (26:39) — AI, work, and the future of wealth: Why EQ may outpace IQ in tomorrow’s economy. (31:46) — Habits vs. willpower: Why automation and environment beat discipline. (36:28) — Frictionless spending: How Apple Pay and subscriptions fuel overspending. (39:32) — Offense vs. defense in wealth: Why income matters more than extreme frugality. (55:16) — Chronic vs. episodic mistakes: Small leaks, lost compounding, and long-term damage. (58:24) — The pre-mortem exercise: A Stoic-inspired tool to prevent financial failure. Learn more about your ad choices. Visit podcastchoices.com/adchoices
    Voir plus Voir moins
    1 h et 10 min
Pas encore de commentaire