Afford Anything, Escape the 9-5, Passive Income and More with Paula Pant

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Jul 28, 2021

Paula Pant, founder of Afford Anything and a financial freedom expert, shares her journey from a journalist to a thriving entrepreneur. She discusses how to escape the 9-to-5 grind, the importance of focusing on growing your income rather than just saving money, and the concept of mini-retirements. Paula also explores the trade-offs of financial freedom, emphasizing the value of time, meaningful living, and the transition from side hustles to entrepreneurship, making this a must-listen for anyone seeking a fulfilling financial path.

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INSIGHT

Financial Freedom and Work

Financial freedom means not needing to work purely for a paycheck.
You can have freedom and work a fulfilling job, whether for yourself or someone else.

ADVICE

Escape a Bad Job

If you hate your job, focus on growing your income gap.
Consider promotion, retraining, or a side hustle based on your current career.

ANECDOTE

Paula's Career Transition

Paula Pant transitioned from journalist to freelancer to agency owner.
She later shifted to creating online courses after recognizing the market demand.

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#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

Partner Deals

For all the deals, discounts and promo codes from our partners, go to: allthehacks.com/deals

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

All the Hacks: Newsletter | Website | Membership | Email

Chris Hutchins: Twitter | Instagram | Website | LinkedIn

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