#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
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Resources Mentioned
Connect with Paula: Twitter | Instagram | YouTube
Afford Anything: Website | Podcast | Real Estate Investing Course
Her Book: Escape E-book
Full Show Notes
(00:15) Who Is Paula Pant?
(01:15) What Does It Mean That You Can Afford Anything?
(01:58) What You Get Wrong About Spending Your Money OR How You Trick Yourself Into Thinking You Are Being Smart With Money
(05:05) Saving Money Might Not Be What You Should Focus On. Focus on Growing the Gap.
(06:21) What Is Financial Freedom and Does It Mean You Have to Retire?
(08:00) Can You Escape the 9 to 5 and Still Have a Job? (And 4 Factors Great Jobs Have)
(10:14) If You Hate Your Job, Here’s a Two-Step Plan to Help You Build a Better Life
(13:59) The Two Main Types of Side Hustles (Ones You Can Scale, and Ones You Can’t)
(17:59) How Paula Transitioned Her Side Hustle Into a Full Business
(20:29) If You’re Terrified of the Risk of Taking a Leap, This Advice Will Help
(24:17) Why Passive Income Is NOT Free Money
(26:48) Should You Invest in Rental Properties for Passive Income?
(29:06) What You Must Do BEFORE Investing in Rental Properties?
(30:12) Mistakes Beginner Real Estate Investors Make
(31:38) How to Start Learning About Real Estate Investing for Beginners
(34:25) Should You Invest in Alternatives to Buying Rental Properties (REIT Portfolios and Why Crowdsourced Real Estate Investing Is Not Good for You)
(37:59) How Can You Better Value Your Time?
(39:23) How to Get More Comfortable With Spending Money on Outsourcing Things You Can Potentially Do Yourself
(43:46) Why Chris Bought a One-Way Ticket to Cairo?
(47:58) How the Idea of Afford Anything Was Born (You Heard It Here First)
(49:47) What Are Mini-Retirements and Semi-Retirements, and How Are They Different? (And Which Should You Do)
(52:53) Taking Short Vacations vs. Taking Long Trips
(56:05) Paula Pant’s Favorite Hack: Reframing Your Thoughts (You Are Probably Richer Than You Think)
(59:48) How to Build a Daily Gratitude Habit and Stop It From Fading Away
(1:04:20) How to Connect With Paula Pant
Connect with All the Hacks
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Chris Hutchins: Twitter | Instagram | Website | LinkedIn
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