Afford Anything

Q&A: Help! I’m STUCK On A Financial Tracking Hamster Wheel

Jul 12, 2024

Emily Anne seeks advice on overcoming her financial tracking obsession, while an anonymous caller and partner plan for early retirement through geo-arbitrage. Also, a couple reconsiders their real estate investments. Joe Saul-Sehy provides insights on these financial dilemmas.

01:07:33

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Episode guests

Emily Anne

anonymous caller

partner

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Manage obsessive tracking behavior by seeking balance in financial management.

Utilize geo-arbitrage for early retirement planning and relocation to lower cost areas.

Consider diversifying investment portfolios with sophisticated strategies for risk mitigation.

Deep dives

Geo Arbitrage for Financial Independence

Tom discusses his plan to use geo arbitrage to retire early on a $3 million portfolio, considering relocating to a lower cost of living to withdraw less, allowing the portfolio to grow until it reaches the $3 million mark for a return to the US or moving elsewhere.

Intro

5min

Financial Tracking and Fun Notifications on Monarch

2min

Strategies for Reducing Digital Distractions and Smartphone Addiction

9min

Exploring the Link Between Money and Mental Health

5min

The Importance of Life Insurance and Finding the Right Policy

2min

Exploring Delaware Statutory Trust Investments and Investment Strategy Risks

19min

Estate Planning and Financial Decision Making

5min

Geo-Arbitrage and Financial Planning for Moving Abroad

24min

#522: Emily Anne is worried about her obsessive tracking behavior. She’s in great financial shape but struggles to shake the constant compulsion to check her accounts. What should she do?

An anonymous caller and his partner plan to use geo-arbitrage to retire early before reaching their financial independence number. Can they have their cake and eat it too?

Kevin and his wife are having second thoughts about their Delaware Statutory Trust (DST) real estate investments. How do they back out without compromising their estate plan?

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

Enjoy!

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Afford Anything

Q&A: Help! I’m STUCK On A Financial Tracking Hamster Wheel

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Geo Arbitrage for Financial Independence

Portfolio Diversification and Sophisticated Strategies

Model Different Withdrawal Assumptions and Return Expectations

Considerations for Potential Challenges and Risks

Plan Flexibility and Trial Periods for Geo Arbitrage

Remember Everything You Learn from Podcasts