Business
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 Selected Links From The EpisodeConnect with Paula: Twitter | Instagram | YouTubeAfford Anything: Website | Podcast | Real Estate Investing CourseHer Book: Escape E-book Full Show NotesWho is Paula Pant? [00:15]What does it mean that you can afford anything? [01:15]What you get wrong about spending your money. OR How you trick yourself into thinking you are being smart with money. [01:58]Saving money might not be what you should focus on. Focus on growing the gap. [05:05]What is financial freedom and does it mean you have to retire? [06:21]Can you escape the 9 to 5 and still have a job? (and 4 factors great jobs have) [08:00]If you hate your job, here’s a two step plan to help you build a better life. [10:14]The two main types of side hustles (ones you can scale, and ones you can’t). [13:59]How Paula transitioned her side hustle into a full business. [17:59]If you’re terrified of the risk of taking a leap, this advice will help. [20:29]Why passive income is NOT free money. [24:17]Should you invest in rental properties for passive income? [26:48]What you must do BEFORE investing in rental properties? [29:06]Mistakes beginner real estate investors make. [30:12]How to start learning about real estate investing for beginners. [31:38]Should you invest in alternatives to buying rental properties (REIT portfolios and why crowdsource real estate investing is not good for you). [34:25]How can you better value your time? [37:59]How to get more comfortable with spending money on outsourcing things you can potentially do yourself. [39:23]Why Chris went bought a one way ticket to cairo?[43:46]How the idea of Afford Anything was born (you heard it here first). [47:58]What are mini-retirements and semi-retirements and how are they different? (and which should you do). [49:47]Taking short vacations vs. taking long trips. [52:53]Paula Pant’s favorite hack: reframing your thoughts (you are probably richer than you think). [56:05]How to build a daily gratitude habit and stop it from fading away. [59:48]How to connect with Paula Pant. [1:04:20] Connect with All the HacksAll the Hacks: Newsletter | Website | Facebook | EmailChris Hutchins: Twitter | Instagram | Website | LinkedIn