Claim Ownership


Subscribed: 0Played: 0


Crypto is tanking. Household debt is climbing. Student loans are tangled up in the court system. And the house market…did what?! Today’s bonus First Friday episode takes a look at the latest economic headlines, with analysis, commentary and hot takes. Enjoy! For more information, visit the show notes at Learn more about your ad choices. Visit
The average American donates 2.1 percent of their income to charity, according to data from the Giving Institute. But an ordinary couple living in Nashville, Bob and Linda Lotich, refuse to be average. When they were both 31, they decided to “give their age” – they pledged to donate 31 percent of their income to worthwhile causes. They’ve increased their charitable giving every year since, to match their age. The couple is now 41 years old, and they give away 41 percent of their income. When they began this project, the Lotich’s were earning a combined household income in the high five-figures. They were making just under $100,000 combined, living in St. Louis. They carried a mortgage on their home. They worried that their commitment to giving might impact their ability to pay the bills. Over the last decade, their income has fluctuated – up some years, down in others. They moved to Nashville and had three children. These higher living costs have drastically impacted the family budget. But their commitment to giving persists. In today’s episode, Bob Lotich joins us to talk about why and how he committed to the “give your age” philosophy – and shares his advice for anyone who wants practical tips for increasing their capacity to donate to meaningful causes. Enjoy! Timing of discussion points as of November 2022: 04:46: Adjusting mental and budget space to allow for more charitable donations 13:12: The decision give to individuals vs. charitable organizations 14:57: Does giving to an individual impact the relationship? 16:56: Recommendations for platforms with giving opportunities 25:01: Managing the giving budget after starting a family 25:56: Guilt and shame around generosity 27:41: Giving from a place of gratitude and a place of pain 28:47: The concept of giving dreams 30:19: Building for a continuous impact vs. a large impact 31:48: Getting the children involved 37:48: How to increase your charitable giving For more information, visit the show notes at Learn more about your ad choices. Visit
Amanda is worried that her recently diagnosed health condition might force her to stop working. How should she financially prepare her family? Anonymous is a savvy DIY investor who wants to retire early and is wondering if she should hire a financial advisor. Should Krista tap into the equity from one of her rentals to rebalance a portfolio that is weighted heavily in real estate? Natasha thinks she and her husband have saved enough to retire early but it feels scary. Is she truly ready or is she nuts?  Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. For more information, visit the show notes at Learn more about your ad choices. Visit
#413: If an idea dominates the headlines, we notice it. But maybe we shouldn’t. Today’s guest, psychologist and behavioral finance expert Dr. Daniel Crosby, says there’s a difference between a prediction that gets repeated, and one that’s likely to unfold.  What’s salient isn’t accurate, he says. And vice versa.  He also talks about how money problems have morphed over time. He chats about how our evolutionary wiring is at odds with our goals. And he even discusses how we’re wired to be ‘lazy’ – and how to work with that tendency instead of fighting an uphill battle against it. Dr. Crosby researches the intersection of mind and markets. His latest work, The Behavioral Investor, is an in-depth look at how sociology, psychology and neurology impact our investment choices.  Timing of discussion points as of December 2022: 03:10: The overlap between psychology and investing + new ideas 04:41: Counterintuitive behavioral finance discoveries  07:27: Money as a “hygiene factor” 08:39: The “new class” of money problems for the more affluent 13:44: Factors that impact our financial decisions 15:22: The influence of evolutionary wiring  17:02: Cognitive and physical wiring leading to laziness and group think 27:45: The benefit of community for investors 28:52: The four types of behavioral risk: ego, conservatism, attention, and emotion 36:21: The three E’s of behavior change: education, environment, encouragement 42:30:  Confusing things that are loud with things that are likely 45:21: The risk of managing emotion For more information, visit the show notes at Learn more about your ad choices. Visit
#412: Taylor recently graduated. She wants to reach financial independence as soon as possible. What should she do first: invest or repay low-interest debt? Carter doesn’t want to pay too much for his investments. He’s worried about the tax drag. He wants to know how to improve cost efficiency in his portfolio. How should he manage decisions about basis points, dividends and capital gains? Our first anonymous caller has been working and investing for a decade. Today her portfolio is large enough that she and her husband can finally take a mini-retirement. They’d like to rebalance their portfolio. They want it to reflect the fact that they won’t be working for a while. They’d also like to calculate how much money they need to travel with their children. How should they handle this? Our second anonymous caller is worried that their portfolio is out-of-whack. Their money is in a target date retirement fund. They’d like to move some of it to a three-fund portfolio. But this is a scary time to sell. Stocks are low. What should they do? Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. Learn more about your ad choices. Visit
#411: In the final installment of this two-part mini-series, we walk you through becoming a subject matter expert in your investment city of choice. We discuss who you should talk to, where you can find them and what you should talk to them about. Timing of discussion points as of November 2022: 06:11: Who you should talk to  10:09: Why conversations with non- real estate professionals are important 11:49: Where to meet other real estate investors 13:19: Expanding your network, character due diligence and making friends 13:59: Thinking through others cognitive biases 15:56: Potential implications of neighborhoods with “good cash flow” 20:57: An example of objective feedback 29:40: Dumpsters, sewers, permits and problems: Other specifics to discuss For more information, visit the show notes at Learn more about your ad choices. Visit
#410: You face plenty of problems. But you have a scarcity of good solutions. Stanford Professor Jeremy Utley can help. He says that solving complex problems requires creativity. And creativity comes from deliberate practice. It’s not an innate talent. It’s a skill. And it’s useful in any occupation, from accounting to zookeeping. Jeremy speaks and writes on the history of invention, discovery, creativity, and innovation. He also leads Stanford's work with professionals. Today he talks to us about how some of the greatest innovators produce new ideas. He tells us about their creative process. He describes how researchers and authors improve their skills. And he shares pointers to help you understand how to do the same. Timing of discussion points as per November 2022: 3:00: How to focus while staying open to creativity 6:23: Definition of creativity 14:02: Different cognitive biases faced 17:35: The idea quota 19:28: Where ideas come from: the Lego analogy  21:32: How Ben Franklin honed his creativity 28:36: Capturing inspiration 46:04: The importance of reviewing the problems in your life 50:24: The roles of creative collaboration and distributed reasoning 54:49: The argument for quantity over quality  56:07: The value of bad ideas For more information, visit the show notes at Learn more about your ad choices. Visit
#409: Liz and her husband are planning to retire in 5 to 10 years. They have rental income properties, but Liz is bored of managing these, and she’s intrigued by the idea of buying stocks at a discount when the market is low. Should she sell her rental properties and use the money to buy stocks instead? Rebecca is a high income earner and thinking about investing in a Roth 401k … but she’s scared of how much she’ll have to pay in taxes. Should she do it anyway? Anonymous made big changes last year: she got a new career AND sold a house! Now she needs help figuring out capital gains and lowering how much she’ll have to pay in taxes … and she won’t have access to her company’s 401K for most of the year. Kyle and his wife are moving into their dream home! What should they do with their current place? Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here Learn more about your ad choices. Visit
#408: When Kiersten and Julian Saunders began dating in 2012, they fell in love quickly, and their relationship felt strong – until they started talking about money. They broke up as a result of their first money conversation. Luckily, they got back together, figured out how to have tough conversations, and paid off $200,000 in debt over the next five years. Then they started thinking about how to hack their careers. They came up with a plan for a 15-year career. Today, they join us on the podcast to talk about the 15-year career framework and how to approach your career - and your finances - in 5 year stints. Timing of discussion points as per October 2022: 00:25: Introduction to Kiersten and Julien Saunders 02:05: The money conversation that changed everything 11:25: Examples of interaction patterns around money discussions 12:08: Tactics to continue difficult money conversations 16:18: Starting a 15-year career 17:48: The focus of the first five years: your financial foundation 18:17: Transitioning to the second five years and defining your super power at work 18:50: Building your exit plan in the last five years 22:57: Thinking about side hustles and the factors of urgency and upside 24:29: How does a person know how to make money 29:28: Maintaining momentum towards your goals over the 15 year time span 31:37: Is it possible to accelerate the 15 year timeline? 35:12: Thinking about risk after your career Learn more about your ad choices. Visit
#407: Ionnie wants to vet her tax professional as diligently as she assesses her financial advisor – how should she go about doing that? Anonymous needs a career change, and she needs help figuring out how to approach the decision making process when choosing and preparing for her next field of employment MM prefers the simple path to wealth and investing in real estate but is looking for more information on a more intentional and selective approach to investing. Ingrid calls in to ask whether she should include her rental income when trying to figure out how much she can contribute to her Roth IRA. Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. Learn more about your ad choices. Visit
#406: In this two-part episode, we first tackle the data points needed to assess various investment locations within your city of choice. We will cover seven specific neighborhood characteristics to review before diving into deal finding, and three things to look at once you've found a specific deal to evaluate. Then, we interview Kristen Lazure, the producer behind the Netflix movie "Get Smart With Money". The movie follows 4 financial coaches — Tiffany Aliche, Peter Adeney, Ross Mac and myself — as we help four people who are struggling with some aspect of their financial lives. Tune in for behind-the-scenes movie insights and enjoy today's episode! Timing of discussion points as per October 2022: 01: 49: Topic introduction 04:03: Tip on visualizing the data 06:00: Current and future locations of employers 11:55: Impact of the local business landscape and housing prices 13:22: Investments from municipalities 15:02: The importance of school districts 16:28: Adjusting location evaluations based on strategy 18:57: Understanding the crime landscape, flood plains and walk scores 29:28: Introduction to Kristin Lazure and Get Smart With Money discussion Learn more about your ad choices. Visit
#405: Daniel and his wife want to go on an extended vacation and leave their jobs next year…and still have money in case there’s a problem at their rental properties. Would a HELOC help them? Anonymous and her husband have received a large commission and want to understand how to better plan for their future by optimizing for these inconsistent windfalls. Brian has hit coast F.I.R.E and would like guidance on how to prioritize between tax advantaged accounts and retirement accounts. Anonymous and his wife have been focused on getting short term rentals in a single location - is his portfolio too focused on this singular strategy?? Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. Learn more about your ad choices. Visit
#404: When Rand Fishkin was 25 years old, he carried $500,000 in credit card debt. Less than a decade later, Rand was the Founder and CEO of a company that grossed $35 million in annual revenue. In this episode, Rand shares the story of hitting his financial rock-bottom and making the ultimate comeback. Learn more about your ad choices. Visit
#403: September Sabbatical continued! If you’ve been listening to the show for the past few years, then you know that we’ve entered our September Sabbatical, where the team takes a break from podcast production and airs a few of our favorites from the 400+ episodes we’ve aired to date. F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship. This September, we’re running four weeks of episodes focusing on each of these four pillars. Today’s episode is focused on real estate. —------------------------------------------------------------------------------------- Chad Carson’s friends called him a “nerdjock.” When former college football linebacker Chad Carson graduated from Clemson University, he decided to start a business. But he didn’t have any money. He was a 235-pound athlete who attended college on a football scholarship. He graduated debt-free with $1,000 in savings from various odd jobs. He wanted to become an entrepreneur, and he knew he was starting from zero. As Chad viewed it, starting from zero meant he had nothing to lose. He started jogging around local neighborhoods near the university. Whenever he noticed a property in disrepair, he’d ask if it was for sale. If he noticed a ‘For Sale by Owner’ sign in the yard, for example, he’d dial the number. If he noticed a home with an overgrown lawn and no curtains in the windows, he’d leave a note on the door, or he’d knock on the neighbor’s doors to get the owner’s phone number. By doing this, Chad started a real estate wholesaling business. He’d find off-market properties, enter into a sales contract with the owner, and then ‘flip’ the contract to an investor. He earned around $5,000 for each deal. The benefit to a wholesaling business, Chad discovered, is that he could get a foothold inside the real estate industry without much access to capital. He was a recent college graduate without any official employment, so most banks weren’t interested in offering him loans. Wholesaling gave him a start in the industry. But after awhile, he wanted to chase bigger deals. He and a business partner decided to start flipping houses themselves. They earned profits of around $20,000 to $30,000 for each deal. While this was great, Chad wanted to transition into something that would provide a steady, stable income stream. He was running an active business; he wasn’t accumulating a portfolio of passive investments. He and his business partner stopped flipping homes and began accumulating buy-and-hold rental properties. Today they have 90 units between the two of them. A few years ago, Chad realized that the passive income from his investments made him financially independent. He and his wife decided to enjoy their newfound freedom by moving to Ecuador with their two children, ages 3 and 5. They spent 17 months living in Ecuador, learning Spanish and enjoying a slower pace of life. They recently returned to the U.S. and are considering moving to either Spain or Germany — or maybe Colorado? — for their next adventure. In today’s episode, Chad and I discuss real estate, financial independence, and international travel with children. Enjoy! Learn more about your ad choices. Visit
#402: Do you wrestle with the idea of leaving your savings in an account earning next to nothing versus investing it in the stock market? Do you use investment strategies that allow you to work with your nature, rather than against it? Are you careful to seek investment advice from those who share your investment goals, or do you get caught up in the trends of day traders? Morgan Housel, author of The Psychology of Money, joins us to discuss why investing is not the study of finance, but the study of how people behave with money. Morgan is an award-winning financial journalist, former columnist for the Wall Street Journal and The Motley Fool, and one of the foremost thinkers in the world of investing. As a long-term investor who shares our buy-and-hold philosophy, Morgan has behavioral finance insights that can help us invest for financial independence with more clarity and a better understanding of ourselves. We discuss how to develop self-awareness around biases, the importance of flexibility for long-term strategies, saving like a pessimist and investing like an optimist, becoming durable in the face of market adversity, the key difference between patience and stubbornness (and how it affects your mindset), expectation management, the importance of bonds and emergency funds, and a difficult lesson about tail risks that Morgan learned at age 17. You’ll enjoy this episode if… You’re super Type A with your investment portfolio and have a hard time letting go of plans that didn’t work out You want to learn a framework that can help you roll with the inevitable punches of the stock market You feel behind and have no idea how to develop a sense of what ‘enough’ is You’re tired of trying to overcome your inherent biases and reactions to the market and want to try something different For more information, visit the show notes at Learn more about your ad choices. Visit
#401: It’s September! If you’ve been listening to the show for the past few years, then you know that I’m on what I’ve dubbed my September Sabbatical, in which I’m taking a break from podcast production. F.I.R.E. holds four pillars: Financial psychology, Investing, Real estate, and Entrepreneurship. This September, we’re running four weeks of episodes focusing on each of these four pillars. Today, we kick off with an episode focused on financial psychology. Learn more about your ad choices. Visit
Today we’re sharing three talks given at the EconoMe conference, with each of these talks relating to F.I.R.E. The three discussions are: FI-Landia is a lie - What I Learned On My Journey To F.I.R.E., with Carl Jensen What If You Achieve All Your Goals But You’re Still Not Happy, with Rich Jones How To Never Again Say, “I Can’t Afford It”, with Paula Pant Details below: Carl Jensen: 05:27: Session begins 08:02: Sharing the message of financial independence and being hit with the “What If’s” 12:24: The concern about running out of money 20:16: The real value of fire Rich Jones: 32:50: Session begins 35:55: The importance of knowing who you are, what you want, and why 39:36: Day jobs: love vs. purpose 43:26: Why you should track your work 46:18: How to think like a recruiter 51:44: Why giving yourself permission could be your game changer Paula Pant: 59:34: Session begins 1:02:21: The importance of reframing the word “can’t” 1:10:29: Traditional budgets, zero based budgets and anti budgets 1:19:49: The benefit of high friction activities  * Timestamps accurate as of September 2022. Starting 60 days after episode release, timestamps may shift slightly as we make updates and changes **The next EconoMe will be held March 17th-19th 2023, in Cincinnati, Ohio. For more information or 10% off tickets, please go to: EconoMe Conference and use discount code: AFFORDANYTHING. Learn more about your ad choices. Visit
#399: Bella is SO CLOSE to reaching F.I.R.E and is worried about her withdrawal rate if the stock market drops. If the stock market does drop, can she withdraw as much as she had originally planned? Sam has been investing for several decades and thinks that he should stay invested in his portfolio, despite the recent drop in value…but he is still wondering if there’s a chance that he should sell. Meisha is making more money at her new job but can’t contribute to her 401(k) for the first six months - what should she do with her extra money in this interim?? Kyria is a young investor with multiple goals: she’s wondering how to best save for a downpayment without it being eroded by inflation and also whether her investment choices should take on more risk, since time is on her side. Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. For more information, visit the show notes at Learn more about your ad choices. Visit
#398: Chris Hutchins is an avid life hacker, a financial optimizer and the host of the top ranked podcast “All The Hacks”, where he shares his quest to upgrade his life without having to spend a fortune. These passions have led him to being featured in a documentary on financial Independence called “Playing with FIRE” and collecting millions of points and miles. If you want to learn more about optimizing your spend so that you can travel with less of an impact to your bank account, you’ll want to hear what Chris has to say. Timing of discussion points as per August 2022: 04:13: Is travel hacking a good use of time? 08:15: What is the simple path to optimizing spend? 09:108: Why focus on one rewards program? 10:46: Why are there recommendations for transferable point programs and what are the benefits of co branded cards? 18:08: How can the value of points or miles be estimated? 22:08: Is the best redemption value in booking business class international flights? 32:34: How do you know the best flight to book for optimal redemption? 37:00: What is the difference between airline miles and credit card points? 38:25: What is a “positioning” flight and how do I utilize this strategy? 47:42: What is the process for choosing flights based on reward redemptions? 57:15: What are the best ways to boost an existing points balance? 1:02:12: Discussion on credit cards with crypto rewards… 1:04:17: Tips for those who want deals but don’t want to work with miles or points… For more information, visit the show notes at Learn more about your ad choices. Visit
#397: Nic’s parents are forced to confront earlier than anticipated retirement…and they aren’t financially prepared. Now, a bank is offering to buy a part of their mortgage or a part of their house. Is this a scam?! Jon from Colorado is curious about after tax contributions to a Roth 401k, and would like us to talk about why we wouldn’t recommend it. Anna is househacking, and she locked down an awesome interest rate. But, she’s still carrying PMI and is wondering if there’s a way to remove the PMI without refinancing. Courtney from Denver is a real estate investor who wants to invest in new locations, and wants tips on building out her network. Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it here. For more information, visit the show notes at Learn more about your ad choices. Visit
Comments (36)

Johannes Frederiksen

Thanks, it's actually useful! I can tell you that I've been planning of getting into this field for a while, and I've already installed kitchen and bathroom cabinets from in order to increase the price of my house, and I feel like after a while, I'll decide to sell my house.

Oct 3rd


Thanks so much for answering my question! -Eve

Mar 30th

Fitzroy Harvey

Another one

Jan 4th

Emilia Gray

The global gambling industry is becoming more and more cryptocurrency-friendly, I found here the best options for my leisure

Nov 8th


Understand your objectives > Narrow down your strategies to achieve these > Apply the right tactics. I appreciate how you guys were able to break this down following Jordan's question. #FinancialWisdom 🤓

Oct 9th


What a loon. Paula trying to add nuance while this guy is one track.

Mar 25th

Mary C

Awesome episode! Thanks to both of you for breaking everything down so clearly!

Mar 16th

Rose grace

Love Suze,she always tells it like it is.

Jan 4th

Mike Applegate

You can do monte carlo simulations on Vanguard's website.

Dec 2nd

Mike Schmid

Can't download it using beyondpod. It keeps failing!

Nov 4th

Ryan Slot

I disagree with the advice to Andy. I believe these times are different and our monetary system is changing. I would encourage people to educate themselves on money and currency. I would hate to see Andy and his children's futures destroyed due to lack of education on REAL money.

Jul 9th

Joy Joey Rockwood

Great episode! Just a heads up, the referral link for Qapital from does not provide the referral for $25 or give any directions on how to complete that. At least for me the app seems glitchy and I was not able to set up anything beyond linking my financing account. contacting support via the app directly was most un helpful and even a bit rude. That makes me nervous to have that info in their hands now. Love the show and no reflection on the podcast and Paula's advice and other affiliations.

May 19th

Eric Thompson

Get well soon Paula!

Mar 26th

Charlie Bradley

The first half is just them bantering and if you're interested in the personal life of the interviewee listen on, the second half gets down to the nitty-gritty and is very information-rich with a great summary that makes Paula's work some of my favorite podcasts.

Nov 21st
Reply (3)

Charlie Bradley

just so you all know, Starbucks is an incredibly hard job that would leave you drained. it is not a fun easy side gigs to get health insurance.

Oct 28th

Charlie Bradley

oh my God, like, you know? I can't, like, listen to this episode dash though I wanted to, you know? because, like, Jay, is like, just so f****** inane!!! ug!!

Oct 28th

Aaron Webb

never heard of some of the things in this episode before, thanks

Oct 10th

Billie Archuleta

I really responded to this episode. My path is super similar to Evelyn's. Thank you for this episode.

Sep 15th

Charlie Hilsabeck

mk.i. m

Sep 10th

AMama Lala

what was the link to their manefesto site? episode 11

Jul 20th
Download from Google Play
Download from App Store