Afford Anything Podcast
Afford Anything Podcast
  • Видео 927
  • Просмотров 4 352 546
Should I Raid My Retirement Plan to Buy Real Estate?
Kimiko is dismayed that the asset allocation books she’s read led her down a path to an underperforming portfolio heavy in ex-US stock investments. Where should she go from here?
Julie and her husband dream of owning a vacation rental in the Denver area even though the math doesn’t add up. It seems like everyone around can make it work though. What’s missing?
Casey is excited to build his real estate portfolio and purchase his third rental property. He’s also worried that his plan to fund the purchase with his 457 Plan is flawed. What should he do?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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Видео

How To Have Money for Tomorrow
Просмотров 1 тыс.21 час назад
How To Have Money for Tomorrow
The Bachelorette’s Jason Tartick: Money Betrayal in Relationships
Просмотров 1,1 тыс.День назад
The Bachelorette’s Jason Tartick: Money Betrayal in Relationships
Q&A: How One Big Expense DESTROYS Everything - and How to Avoid It
Просмотров 1,4 тыс.14 дней назад
Q&A: How One Big Expense DESTROYS Everything - and How to Avoid It
Q&A: "I'm Scared of Running Out of Money in Retirement!"
Просмотров 2,9 тыс.21 день назад
Q&A: "I'm Scared of Running Out of Money in Retirement!"
MILLIONAIRE Reveals How the 88X Factor Builds Massive Wealth
Просмотров 2,5 тыс.28 дней назад
MILLIONAIRE Reveals How the 88X Factor Builds Massive Wealth
Q&A: How Should You Invest a Big Check - Like a Bonus? || Also: How to Start Fresh After Prison
Просмотров 675Месяц назад
Q&A: How Should You Invest a Big Check - Like a Bonus? || Also: How to Start Fresh After Prison
Stanford Psychologist: THIS MISTAKE Might Be Holding You Back
Просмотров 799Месяц назад
Stanford Psychologist: THIS MISTAKE Might Be Holding You Back
Harvard Dropout: The END of Cars | He Built a Car-Free Neighborhood
Просмотров 341Месяц назад
Harvard Dropout: The END of Cars | He Built a Car-Free Neighborhood
From Broke to CEO: This Guy Quit His Job Using Credit Cards
Просмотров 1,4 тыс.Месяц назад
From Broke to CEO: This Guy Quit His Job Using Credit Cards
Unreliable Spouse with Money? Split Finances or Fix It?
Просмотров 1,5 тыс.Месяц назад
Unreliable Spouse with Money? Split Finances or Fix It?
LIVE FROM BROOKLYN: “I Quit My Job with $25,000 in Savings and Flew to Egypt on a One-Way Ticket”
Просмотров 915Месяц назад
LIVE FROM BROOKLYN: “I Quit My Job with $25,000 in Savings and Flew to Egypt on a One-Way Ticket”
LIVE FROM BROOKLYN: Episode 500 with ChooseFI’s Brad Barrett
Просмотров 2,8 тыс.2 месяца назад
LIVE FROM BROOKLYN: Episode 500 with ChooseFI’s Brad Barrett
Where to Invest $5,000 Monthly | Expert Advice
Просмотров 2,8 тыс.2 месяца назад
Where to Invest $5,000 Monthly | Expert Advice
Harvard Professor REVEALS: How to Make Money with NFT’s
Просмотров 3712 месяца назад
Harvard Professor REVEALS: How to Make Money with NFT’s
Would You Take a Pay Cut for a Lighter Workload?
Просмотров 1,3 тыс.2 месяца назад
Would You Take a Pay Cut for a Lighter Workload?
Dr. Cal Newport: Achieve More by Doing Less
Просмотров 2,8 тыс.3 месяца назад
Dr. Cal Newport: Achieve More by Doing Less
I Paid Off My House, But My Husband Has No Savings
Просмотров 1,4 тыс.3 месяца назад
I Paid Off My House, But My Husband Has No Savings
Your Rich BFF, Vivian Tu | Decoding the Language of WEALTH
Просмотров 7 тыс.3 месяца назад
Your Rich BFF, Vivian Tu | Decoding the Language of WEALTH
Smart Investing: How to Factor Taxes into Your Strategy | Afford Anything Podcast
Просмотров 1,4 тыс.3 месяца назад
Smart Investing: How to Factor Taxes into Your Strategy | Afford Anything Podcast
Charles Duhigg, Pulitzer Prize Winner: How to Talk to Anyone - Including Hard Conversations
Просмотров 9363 месяца назад
Charles Duhigg, Pulitzer Prize Winner: How to Talk to Anyone - Including Hard Conversations
Six-Figure Windfall! Invest or Splurge? | Expert Advice!
Просмотров 1,4 тыс.4 месяца назад
Six-Figure Windfall! Invest or Splurge? | Expert Advice!
Morgan Housel: How to Follow Your Gut Instincts and Make BIG Decisions
Просмотров 4,1 тыс.4 месяца назад
Morgan Housel: How to Follow Your Gut Instincts and Make BIG Decisions
Should You Put Other Goals on HOLD to Buy a House?!
Просмотров 1 тыс.4 месяца назад
Should You Put Other Goals on HOLD to Buy a House?!
Noah Kagan: How to Start a Business in 48 Hours
Просмотров 1,3 тыс.4 месяца назад
Noah Kagan: How to Start a Business in 48 Hours
The Hidden Cost of Student Loan Forgiveness
Просмотров 9665 месяцев назад
The Hidden Cost of Student Loan Forgiveness
When Achievement Culture Becomes Toxic, with Jennifer Breheny Wallace | Afford Anything
Просмотров 8925 месяцев назад
When Achievement Culture Becomes Toxic, with Jennifer Breheny Wallace | Afford Anything
How to Travel for FREE: Insider Secrets
Просмотров 1,4 тыс.5 месяцев назад
How to Travel for FREE: Insider Secrets
Should We Drain Our Brokerage to Make a HUGE Down Payment? | Afford Anything Podcast
Просмотров 1,4 тыс.5 месяцев назад
Should We Drain Our Brokerage to Make a HUGE Down Payment? | Afford Anything Podcast
Hal Elrod, Author of The Miracle Morning | Your Blueprint for Life's Toughest Challenges
Просмотров 1,2 тыс.5 месяцев назад
Hal Elrod, Author of The Miracle Morning | Your Blueprint for Life's Toughest Challenges

Комментарии

  • @koopa6519
    @koopa6519 11 часов назад

    Important to note that 457(b) plans cannot be withdrawn from unless you separate from your employer, so the proposed question likely isn't even an option here given that he indicated he was staying with the employer for 10 years.

  • @Money-Easy-Plan
    @Money-Easy-Plan День назад

    ess comes from continuously striving to be bette You're a harbinger of positivity! 😊 _ "Succ

  • @nickchandra4890
    @nickchandra4890 День назад

    Annie is wrong about winning a certain $100 against 50% winning 200 or winning nothing. If you play this 1000 times the winnings are a certain $100000. The second option may not be exactly 50% in practice. Maybe 52% and 48% either way. I will take the certain $100000 every time. In the losing scenario - certain $100 loss against losing 50% of $200 or 0 I will take the second option. In a 1000 times experiment again this doesn't have to lose 50/50. It all depends how many times you flip the coin. If it is once take the $100 gain or even take the $100 loss in case $200 loss comes up. In large number of coin flips will consider 50% chance of $200 loss as otherwise it is a certain loss of $100 every time. In once or a 1000 times I will take the $100 certain gain. Avoiding going bankrupt is the criteria here. A bird in hand is worth 10 in the bush. These Nobel Prize winners talk bullcrap sometimes.

  • @user-wr5yl3jf9j
    @user-wr5yl3jf9j День назад

    I'm trading Amazon's AMX1WT, SOL and ADA both picked up the last 24 hours.

    • @Despolos-ie2qs
      @Despolos-ie2qs День назад

      You should buy coins like SOL and Amazon's AMX1WT if you care about your future

    • @mikecouthor
      @mikecouthor День назад

      Amazon's AMX1WT simply life changing.. its the hidden gem this bull run

    • @TemaAhmed-dd5wm
      @TemaAhmed-dd5wm День назад

      My investment portfolios are Bitcoin, ETH and amazon AMX1WT

    • @RealestateMartha731
      @RealestateMartha731 День назад

      Just watched your video discussing Amazon's AMX1WT and I am very excited about this

    • @moscow11983
      @moscow11983 День назад

      Got into Amazon's AMX1WT at 59 and grabbed 10000 coins and now I'm up over 420%.

  • @stemikger
    @stemikger 2 дня назад

    Paula is great!! She is so darn gorgeous!!

  • @HarryEidem
    @HarryEidem 2 дня назад

    How do most of you guys still making profit? Even with the downturn of economy and ever increasing life standards

    • @LisaJackson198
      @LisaJackson198 2 дня назад

      Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency and stocks, through the assistance of my discretionary fund manager

    • @LisaJackson198
      @LisaJackson198 2 дня назад

      Mrs Mary Patricia Hester

    • @AlexCarter569
      @AlexCarter569 2 дня назад

      This is correct, Mary's strategy has normalized winning trades for me also, and it's a huge milestone for me looking back to how it all started..

    • @-wr7iz
      @-wr7iz 2 дня назад

      Isn't she the same Mrs Mary Patricia Hester neighbors are talking about, she has to be a perfect expect for people to talk about her so well.

    • @PeterStevens25
      @PeterStevens25 2 дня назад

      Her platform is wonderful, and her services are exceptional

  • @donharper3183
    @donharper3183 2 дня назад

    Someone tell me what that is

  • @MikeDavis-zg2ud
    @MikeDavis-zg2ud 3 дня назад

    My biggest concern is retiring at a time with high inflation. With $500k in investment accounts, I'm afraid that my portfolio might not sustain a long retirement. My fund could deplete from expenses faster than it can recover with returns

    • @MaxWell-pp9zs
      @MaxWell-pp9zs 3 дня назад

      I'm almost ready to retire, and having a financial advisor has been incredibly beneficial. Since I started investing later in life, I couldn't rely solely on compound interest from index funds. Nonetheless, I've managed to earn more than some long term investors. I'll be retiring with at least $5 million

    • @MikeDavis-zg2ud
      @MikeDavis-zg2ud 3 дня назад

      Your advisor must be excellent. How can I get in touch with them? I'm worried about my retirement portfolio and could really use some guidance

    • @MaxWell-pp9zs
      @MaxWell-pp9zs 3 дня назад

      I generally avoid giving specific recommendations since everyone's situation is different, but I've worked with Emily Ava Milligan for 7 years and attest to her great service. see if she meets your criteria

    • @MikeDavis-zg2ud
      @MikeDavis-zg2ud 3 дня назад

      I looked up her name online and found her page. I emailed and made enquiries. Thanks for the help

  • @DiscipleSteven
    @DiscipleSteven 3 дня назад

    I followed your advice and came her first. lol I already knew this would be interesting but I didn't know she was against FIRE. I get her point about something extreme could happen and a person/family might really be big trouble financial but that is not the norm. Most of the other items she mentions should kind of be known and somewhat accounted for like having risky investments, needed a new car or home improvements, sending kids to college. Even at 30 years old, those are obvious things to know and be saving/planning for. I thought it was funny how she said she had people at 50/55 years old come back at 70 years old like oh no I'm running out of money that was bad idea. Why did you let me do that? Suze said I didnt and denied you on my show. Well guess what, that show only ran 13 years or wikipedia has failed me. LOL

  • @YoYo-gt5iq
    @YoYo-gt5iq 5 дней назад

    Hogan wasnt legit, but Dave wanted to tap into the sophisticated black market by having a guy from Georgetown. Even when Hogan was banging every woman he could, Dave tried to humilate Mrs. Hogan. Very sad and very stupid.

  • @user-eg2sj8lw1p
    @user-eg2sj8lw1p 5 дней назад

    My husband and I were fortunate enough to be able to pay off our mortgage early. We were both still working, and took the payment amount that we had been using to pay off our mortgage faster and we put it straight into investments. We were able to retire early because of almost 7 years of putting away what would have been our mortgage payment as well as maxing out our 401K/403B plans. Thankfully we were taught by both of our parents the value of living within our means. Thank you for your advice. I know it will help people. we are interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

    • @DanielA.Slayton
      @DanielA.Slayton 5 дней назад

      Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

    • @user-ko1xu4ow4w
      @user-ko1xu4ow4w 5 дней назад

      Even with the right strategies and appropriate assets, investment returns can differ among investors. Recognizing the vital role of experience in investment success is crucial. Personally, I understood this significance and sought guidance from a market analyst, significantly growing my account to nearly a million. Strategically withdrawing profits just before the market correction, I'm now seizing buying opportunities once again.

    • @JermaineW.Hoskins
      @JermaineW.Hoskins 5 дней назад

      How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

    • @user-ko1xu4ow4w
      @user-ko1xu4ow4w 5 дней назад

      Deborah Lynn Dilling is the licensed advisor I use.Just research the name. You'd find necessary details to work with to set up an appointment

    • @CharlesEvans-fj6gl
      @CharlesEvans-fj6gl 5 дней назад

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @triciafrank8582
    @triciafrank8582 6 дней назад

    Which podcast has the listed alternatives you recommend?

  • @JLW667
    @JLW667 6 дней назад

    3:31 4:01 4:15 Mostly payed in Cash

  • @mrsd2143
    @mrsd2143 6 дней назад

    Great interview. Thank you

  • @christopher6172
    @christopher6172 6 дней назад

    As a financial advisor, I can tell you if you do not put money into a 401k or a IRA you will die in poverty or work till you die...

    • @jackolini
      @jackolini 6 дней назад

      I don't think she said not to invest in a 401K. You just need to know that there are conditions, like you can't tap into it until 59.5 without incurring penalties. There might be better options, especially if there is no match from your employer.

  • @user-up6qp9fv9w
    @user-up6qp9fv9w 7 дней назад

    That is so out of touch the average person will not earn 10 million in a lifetime of working. So why would they need that much in retirement?

  • @Money-Easy-Plan
    @Money-Easy-Plan 8 дней назад

    *"Do one thing every day that scares you."* --

  • @phileop3045
    @phileop3045 8 дней назад

    I think it's 85% of your social security benefit that would be taxed, not 85% taxation on your social security.

  • @Yamada1970
    @Yamada1970 8 дней назад

    Mr. Ken Honda I' am Nepal, My Dream is, I' want to save the village of Japan village of India and village of Nepal... To start this project I' need a $500 millions dollars, Do you have a solution to collect this $500 millions dollars? Please 🙏🙌 Prayer for my Orphanage home Childrens and my project and also necessary financial condition in the LORD Jesus almighty Name AMEN 🙏🙌❣️❤️❣️ Arigatto ❤

  • @brentshuffler1234
    @brentshuffler1234 9 дней назад

    I appreciate these tips and discussions. However, there is more than the mathematical aspect of debt to consider: e.g., stress, risks, and costs. As long as there is debt on a home or other asset, the lender controls it ultimately and can take it from you during a period of crisis. Debt-free homes, assets and investments have no risks or expenses related to debt and are yours to keep forever.

  • @SteveJohnson-ht6kv
    @SteveJohnson-ht6kv 9 дней назад

    God damn, I am so fired up now! This is the best movie I’ve seen in a while

  • @YoYo-gt5iq
    @YoYo-gt5iq 10 дней назад

    Geez 15 minutes for the first question? A bit much

  • @YoYo-gt5iq
    @YoYo-gt5iq 10 дней назад

    Got me at the opening. My wife and i didnt get any student loans, but ran up creeit cards during the time we put the kids through school. We should have done student loans instead of fooling ourselves. Im in school again with a grant and just applied for $25k to pay off old CC spending.

  • @janaynmelis5250
    @janaynmelis5250 11 дней назад

    Just realized that you're on RUclips. So cool to see both of your faces. ❤ Ive been listening for 5 years and just surpassed $140k net worth. Keep up the great work!

  • @nikkininedoor1480
    @nikkininedoor1480 11 дней назад

    Excellent, Excellent Interview, Paula & Jason is a great guest -- I really appreciate all his advice and insights!

  • @JessicaT10118
    @JessicaT10118 11 дней назад

    Yay ❤ Glad to finally see this collab

  • @BEAUTIFULDIANAFRANCIS
    @BEAUTIFULDIANAFRANCIS 12 дней назад

    If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

  • @joshst.laurent3523
    @joshst.laurent3523 12 дней назад

    Such an important message 👏🏻

  • @carlosneri8086
    @carlosneri8086 13 дней назад

    The borrower is slave to the lender

  • @carlosneri8086
    @carlosneri8086 13 дней назад

    Guys debt is always mentond as a bad thing in the bible

  • @oldgreg315
    @oldgreg315 15 дней назад

    Cool idea and I'm definitely interested in it for myself, but that concept is definitionally _NOT_ indexing. You are inherently taking an active position and it's important to realize that going in.

  • @oldgreg315
    @oldgreg315 15 дней назад

    One interesting variable to consider, however is the expected returns of one's holdings. If you can *grow* money, there is an advantage to getting it earlier, even if the figure in dollars is less. Warren Buffett may want to file early, for example, because those earlier flows are comparatively more valuable in his hands if that makes sense. May be a relevant consideration for much of the viewership here.

  • @DiscipleSteven
    @DiscipleSteven 16 дней назад

    That distinction on step 7 is really key and I think what people don't think about it. I would put that in step 8 as well I think. You can have your house paid off and whatever, smashing out 20% to retirement but its still good to make sure you have the emergency fund and cash for other things outside of that like a car or home repairs/remodels etc. Hard to really know or estimate but very crucial to planning for sure as you go.

  • @Daniel-Goodfeather
    @Daniel-Goodfeather 16 дней назад

    Hang on, we can't just be happy for someone else's success because we genuinely want to see them succeed? For example, I have a very good friend who has been a struggling actor for many years. Recently, he landed a big role and has been thriving both emotionally and financially. I have no desire to be an actor, I am just genuinely excited for his success.

  • @DanielGomez-qg8vd
    @DanielGomez-qg8vd 16 дней назад

    Yea my wife after i slapped her was scared i might slap her again. I told her its just recency bias and shes overweighting the probability

  • @oldgreg315
    @oldgreg315 16 дней назад

    Idk, getting a _guaranteed_ 7%+ return by paying down a modern mortgage doesn't sound like a terrible foundation to me.

  • @niefiazupancic3063
    @niefiazupancic3063 17 дней назад

    working remotely is great IF you have the skills - not everyone is employed in a profession that lends itself to remote work.

  • @SailorYuki
    @SailorYuki 17 дней назад

    My partner just got a large inheritance from his mom. He put all of it in savings. Meanwhile, the rest of us, are in the negative in our bank accounts, we are drowning in debt and I have to skip meals just so our son can have something to eat or new clothes. He has a lot of money invested and saved, which is great and he should have, but we need food too. Our son needs new clothes, we have bills to pay. Meanwhile, I have to sell everything I own and empty out my savings to make sure we at least have a roof over our heads. I spent my inheritance on the down-payment on our home. He spent his "for future emergencies". That future just isn't today.

    • @angelwings1979
      @angelwings1979 17 дней назад

      Umm…no offense but there’s zero reason that you should be responsible for all the bills especially if you share the living accommodations and are supporting a child that is also his. That’s not a “partner “. That’s someone you’re paying to be in a relationship with and are responsible for, while taking all the financial risks. Maybe I’m butting in where I’ve not been invited but it obviously bothers you if you posted it here. As an adult he should be completely capable of contributing to the household and his son. There obviously can be extenuating circumstances but at face value he’s not your partner, he’s a drain on your family. You need to take care of yourself so you can take care of your son. If going hungry because you don’t have enough money for food isn’t an emergency then what qualifies as one? He’s building his wealth off of your back.

  • @spiritaelove2104
    @spiritaelove2104 17 дней назад

    Maybe ppls situations are different and 16 months of a horrible settlement leaving me sit and wait for the last 7 months with nothing, no water, no power, no ppl. It's overdue. The hired Notary by the family in law is doing everything to refrain from sharing my designated portion. My late dad urged me to move frwrd and buy bk an acre of land. (He couldn't help while he was alive)

  • @CgChickClassOf08
    @CgChickClassOf08 17 дней назад

    I needed this advice 4 years ago 😅

  • @ericolens3
    @ericolens3 17 дней назад

    here are some safe options 1) pay off the mortagage (i literally picked my LIP to be based on the value of a mortgage.) 2) pay off all debts 3) READ and learn a lot about real estate, and rental property. in short, use it to MAKE money or pay off debts. dont use it for personal gain. but number one thing to do, is pay for the deceased loved one's funeral. exit: i fixed "rent a property " to "rental property"

  • @TastyTrees916
    @TastyTrees916 17 дней назад

    I mean do nothing is terrible advice. At least put it in a high yield savings or t bonds...

  • @DiscipleSteven
    @DiscipleSteven 18 дней назад

    man I miss Chris Hogan. I would listen every time he was on the ramsey show