Without the right money management tools in place, a lot of times people focus on the income side. The big thing is to create a gap. Rayon: I didn't have any systems, Paula, if I'd made a hundred thousand, I would have spent 120. If I would have made 120, I would've spent 140. And the lie I kept chasing and it was a lie was that I could just earn more money to solve my money issue.
#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!
P.S. Got a question? Leave it here
For more information, visit the show notes at https://affordanything.com/episode448
Learn more about your ad choices. Visit podcastchoices.com/adchoices