Ken Honda is known as Japan's Zen millionaire. One of the many things he said was make a list of people whose couches you and your family could sleep on in the event of the worst case scenario. People say, I don't know, a cyclone hits your town, but you don't have cyclone insurance because you live in Kansas City. No one ever expects a cyclone to come down there, right? Joe was looking at me like I'm a total weirdo. We're not in Kansas anymore because there was a cyclone in Kansas. Water cyclone, the hurricane kind. And I know everybody's shouting at their device. But we're so close.
#448: An anonymous caller is dealing with guilt over spending a large cash gift. What’s the best use if she doesn’t have an obvious financial goal to throw at it?
Eric reached financial independence a few years ago but he hesitates to quit his job. What the heck is a Roth conversion ladder and how can he overcome his psychological barriers?
Another anonymous caller and his wife earn $300,000. He feels like they should be financially independent but they’re far from it. What’s going on?
Former financial planner Joe Saul-Sehy and I tackle these three questions in today’s episode.
Enjoy!
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For more information, visit the show notes at https://affordanything.com/episode448
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