Ask Paula: Did the Great Recession Lead to the FIRE Movement?
07/20/22 • 57 min
1 Listener
#392: Colleen and her husband own SEVEN paid off rental homes. Now they’re 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. He’s 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.
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode392
________________________________________
Learn more about your ad choices. Visit podcastchoices.com/adchoices
#392: Colleen and her husband own SEVEN paid off rental homes. Now they’re 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. He’s 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.
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough questions.
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it here and we’ll answer them in a future episode.
Enjoy!
For more information, visit the show notes at https://affordanything.com/episode392
________________________________________
Learn more about your ad choices. Visit podcastchoices.com/adchoices
Previous Episode
Powerful Tactics to Take Control of Your Life and Career, with Dr. Reza Abraham
#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 of taking control: consciousness
0:06:41: The first cornerstone: contentment
0:08:46: The second cornerstone: consistency
0:12:30: The third cornerstone: conversion
0:15:05: Five reflection questions to review for intentional growth and progression
0:24:17: The first pillar: character
0:30:03: The second pillar: communication
0:33:16: The third pillar: curiosity
0:35:15: The fourth pillar: compass
0:38:14: The fifth pillar: courage
0:39:22: The sixth pillar: collaboration
0:45:46: The seventh pillar: connection
0:48:04: The eighth pillar: competency
0:52:04: The ninth pillar: companionship
0:56:18: The tenth pillar: cash
0:56:53: The eleventh pillar: condition
1:00:52: The twelfth pillar: contribution
Resources mentioned: #383: How to Talk About Money with Confidence and Charisma, with Vanessa Van Edwards - Afford Anything
For more information, visit the show notes at https://affordanything.com/episode391
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Next Episode
Money and Investing Have Changed, with Chuck Jaffee
#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 1980’s
06:50: Dealer and liquidity risk when investing in the market
09:23: How the environment 40 years ago impacted investor psychology
12:53: Long term impact of Black Friday, the worst market crash experienced by any living investor
16:10: Discussion of fund options that are more illiquid and can sell at discounts
18:04: The combined influence of access real time data and the ability act in real time
28:31: Moving away from employee supported retirement plans
29:00: The difference between financial education and financial literacy
31:26: Chuck’s take on the 4% rule
50:16: Portfolio and personal optimization
For more information, visit the show notes at https://affordanything.com/episode393
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