Afford Anything, Escape the 9-5, Passive Income and More
#13: Afford Anything founder Paula Pant joins Chris to discuss how you can afford ANYTHING (but not everything). They also discuss how you can escape the 9-5, start making passive income, and take mini and/or semi-retirements throughout your life.
Paula Pant (@affordanything) is the founder and creator of Afford Anything where she runs an award winning personal finance website, a monthly newsletter, a top rated podcast and a Real Estate Investing Course. She built her career from scratch starting as a journalist making only $21,000 a year.
Full show notes available at: https://www.allthehacks.com/paula-pant-afford-anything
Selected Links From The Episode
Connect with Paula: Twitter | Instagram | YouTube
Afford Anything: Website | Podcast | Real Estate Investing Course
Her Book: Escape E-book
Full Show Notes
Who is Paula Pant? [00:15]
What does it mean that you can afford anything? [01:15]
What you get wrong about spending your money. OR How you trick yourself into thinking you are being smart with money. [01:58]
Saving money might not be what you should focus on. Focus on growing the gap. [05:05]
What is financial freedom and does it mean you have to retire? [06:21]
Can you escape the 9 to 5 and still have a job? (and 4 factors great jobs have) [08:00]
If you hate your job, here’s a two step plan to help you build a better life. [10:14]
The two main types of side hustles (ones you can scale, and ones you can’t). [13:59]
How Paula transitioned her side hustle into a full business. [17:59]
If you’re terrified of the risk of taking a leap, this advice will help. [20:29]
Why passive income is NOT free money. [24:17]
Should you invest in rental properties for passive income? [26:48]
What you must do BEFORE investing in rental properties? [29:06]
Mistakes beginner real estate investors make. [30:12]
How to start learning about real estate investing for beginners. [31:38]
Should you invest in alternatives to buying rental properties (REIT portfolios and why crowdsource real estate investing is not good for you). [34:25]
How can you better value your time? [37:59]
How to get more comfortable with spending money on outsourcing things you can potentially do yourself. [39:23]
Why Chris went bought a one way ticket to cairo?[43:46]
How the idea of Afford Anything was born (you heard it here first). [47:58]
What are mini-retirements and semi-retirements and how are they different? (and which should you do). [49:47]
Taking short vacations vs. taking long trips. [52:53]
Paula Pant’s favorite hack: reframing your thoughts (you are probably richer than you think). [56:05]
How to build a daily gratitude habit and stop it from fading away. [59:48]
How to connect with Paula Pant. [1:04:20]
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