Semantics

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We often overestimate sunk cost. We overestimate how much money we've invested in this thing. And so we stick with it because of the fact we have the money sunk in it. I own a very small amount of money in a really crappy insurance company called Lemonade. They had a ton of debt, but I bought the crap anyway. There is no sign except my own brain that this might come up tomorrow.

#419: Casey isn’t happy at her job. If she leaves before her one-year mark, she’ll lose her 401k contributions. Should she stay or find a new job?

Daan resides in a high-cost-of-living area where real estate appreciates rapidly. But there’s no cash flow. How should he evaluate real estate as an investment?

Emily already maximizes her 401k contributions. Should she contribute to an after-tax 401k next?

Ryan’s investing for his son. If the yield is the same between two mutual funds, can he leave his son with more money if one mutual fund pays dividends more frequently?

Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.

Enjoy!

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For more information, visit the show notes at https://affordanything.com/episode419

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