Ask Paula: How Can I Reach FIRE in 11 Years?

Ask Paula: How Can I Reach FIRE in 11 Years?

#301: Amelia is worried that she and her husband are under-insured. Should her husband get a short-term disability policy, even though it’s expensive and they’re unlikely to need it? Sarah wants to refinance her owner-occupied triplex, but she’s torn between a 15-year and a 30-year option. Which is better in her situation? Steven just discovered the financial independence (FI) movement in July 2020, and he wants to reach FI in 11 years. He has $30,000 in cash and $26,000 of student loan debt. How should he use his cash given his FI goal? The South American Anthropologist wants to make a career change. His baby daughter has inspired him to become an example of living life on your own terms. Will his financial independence plan sustain him and his family for years to come? Annalis and Mike are hunting for their first rental property, but they haven’t found anything nice that meets the one percent rule. Should they purchase a mansion and rent the rooms on Airbnb? For more information, visit the show notes at https://affordanything.com/episode301 Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Episoder(782)

Q&A: Would You Spend $60,000 on a Wedding Knowing It Could Be $800,000 Someday?

Q&A: Would You Spend $60,000 on a Wedding Knowing It Could Be $800,000 Someday?

#736: A bride wants to spend $60,000 on her wedding — money that could grow to $800,000 in 40 years if she invested it instead. This week, three very different listener questions all boil down to the ...

28 Jul 1h 11min

He Tried 30+ Side Hustles Before 3 Actually Paid Off, with Cody Berman

He Tried 30+ Side Hustles Before 3 Actually Paid Off, with Cody Berman

#735: Cody Berman failed at more than 30 side hustles — from a disc golf manufacturing company to sweaty bike deliveries in the Australian heat — before three of them got him to financial independence...

24 Jul 1h 14min

Q&A: Her Brother Owns 3 Houses — Is That Why We Have a 'Housing Shortage'?

Q&A: Her Brother Owns 3 Houses — Is That Why We Have a 'Housing Shortage'?

#734: Depending on which source you ask, the U.S. is short somewhere between 1.2 million and 10 million homes — and the reason for that wild range says as much about who's counting as it does about th...

21 Jul 1h 23min

The Hidden Math Behind Every Venture Capital Fund, with former Wharton Prof. David Bell

The Hidden Math Behind Every Venture Capital Fund, with former Wharton Prof. David Bell

#733: Venture fund managers can collect years of fees before a single dollar comes back to investors — and the bar to hand over your money is lower than you'd think. David Bell spent 20 years as a ch...

17 Jul 1h 1min

Your Zip Code Is Quietly Deciding What You Buy, with former Wharton Prof. David Bell

Your Zip Code Is Quietly Deciding What You Buy, with former Wharton Prof. David Bell

#732: Where you live is already deciding what you'll buy today, before you've even made up your mind. And it turns out the customers your local stores ignore completely are often a brand's most valuab...

14 Jul 1h 2min

Is AI Making You Dumber? With Lorraine Marchand

Is AI Making You Dumber? With Lorraine Marchand

#731: What if the best way to test a new hire wasn't a resume, but a two-hour breakfast? One CEO built his entire hiring process around it — and it worked. Lorraine Marchand spent three decades in le...

10 Jul 1h 16min

Q&A: We Have $1.5 Million. Can We Stop Now?

Q&A: We Have $1.5 Million. Can We Stop Now?

#730: What does it actually mean to have "enough" — and how do you know when it's time to stop optimizing and start living? AVOIDING THE REAL ESTATE MISTAKES IN THIS FREE GUIDE COULD SAVE YOU $10,000...

7 Jul 1h 3min

First Friday: Jobs Are Cooling, Prices Are Climbing, and NYC is Freezing the Rent

First Friday: Jobs Are Cooling, Prices Are Climbing, and NYC is Freezing the Rent

#729: The U.S. added 57,000 jobs in June. Economists expected 115,000. Meanwhile, inflation hit a three-year high. The Personal Consumption Expenditures index - the Fed's favorite inflation gauge -...

3 Jul 1h 5min

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