While I regularly listen to Dave Ramsey, Stacking Benjamin’s, And Afford Anything- I would have to say Paula is my favorite host and overall dream women ☺️
I totally agree with you Penguin545.👍🏽Paula is the real deal, a true gem 💎 and a rose.🌹 Se is very smart and extremely intelligent. 👩🏽🎓📚 She is the real deal.💯💓Love, love love her.❤❤ ❤❤ ❤❤❤ ❤❤ ❤💯🕉️💓
worked as nurse so had a purpose invested in a house sold up at age 50 did bucket list and got daughter an education travelled 50 countries and lived in 3 daughter earns a lot living in good city with great lifestyle .now work 3 day weeks pay into a pension scheme and have a life insurance policy worth more than a house and can save a full salary every year whilst renting a fab apartment with a lifestyle and paying minimal on energy etc as new technologies .have great work life balance .if drop dead already done my bucket list and have less stress now working less than ever. moral do bucket list first then save when have had it all
Paula is awesome. The 3 Rock Stars of Personal Finance should be Paula Pant, David Bach and J.L. Collins. Ignore people like Suze Orman. She is not even in their league. Sure she is mega famous but just an entertainer. P.S, I'm a 55 year old millionaire who got that way by listening to people like Paula, David and Jim.
I like Tharp, Savings is increasing your Net Worth! I’ve got some Rental Properties and Paying them off is increasing my Net Worth so, it’s Saving! And I agree with your perspective!
Paula's podcast is excellent! She explains concepts in an approachable way that is nonjudgemental. But it's not just bland advice, she gets great guests and has really in depth discussions. Just love her podcast! I don't think this interviewer was that great though. He didn't seem engaged in the discussion. It's too bad. Check out the podcast!!
Let's begin to talk about the bottom level of the pyramid. Middle class and above have already too much calculation programmed in there mind. Let's talk about those who have really have nothing to calculat on or for. What about that? It will be really useful in the times of transition.
Paula’s a great subject, but this really isn’t the best interview. The interviewer clearly was just trying to work down his list of questions and barely listened to a word she said. Her natural charisma and amazing ability to breakdown complex topics in an approachable and memorable way is the only thing that made this worth the watching. Still if you’ve never been introduced to her before you should start with her podcast.
If you don't owe money on it (or even if you do) turn it into an income generating asset like an Airbnb. It sounds like it has a specific charm I'm sure the right type of person would love.
Maybe ask what you want your life to be like in 5 years, then ask how your house can be utilized to support that future. Sell it? Keep it? Use the house as one of your tools in your financial tool kit to get to your 5 year future.
You could live your life today or spend it worrying about furure when you saying passive income this is only true when you inherited some income sources in any other way you still trading hours for dollars but with delayed gratification. How did you bought your real estate? You paid it with your salary isn't it? What is so passive about it? It is still just waiting for rainy days. Enjoy sunshine
Starts off rough her definition is wrong, financial independence is where passive income could cover your nut for life. Nobody calls it FI community, strike 2. Worked at a newspaper in 2008, I’ll be generous & say that’s a foul tip. Ok let’s do the math. 30K from 21-31 that’s 300K. So she grew her net worth at 3X plus over a decade, possible but unlikely. BIG DIFFERENCE btwn 1 million & MILLIONS. So worth 1 million & got divorced - so she was worth at max 1/2 million according to her. Growing the gap is a solid principle. She’s basically regurgitates what has been already been out there for a long time. But overall a decent talk. She did a horrible job of answering the question & again gave wrong info - rental property CAN GO DOWN TO ZERO OR WORSE if you get sued cause of the rental property which is possible. Index funds will NEVER go to zero & will never sue you.
@@amandascharf3870 Somehow advice on how to manage wealth efficiently that isn't a low-cost index ETF isn't that insightful. Basically, wealth has a return in itself, that's not rocket science and people who get rent on wealth aren't smart. So your point boils down to her talk being 'work your butt off' insightful stuff!
@@TerryFoxTheMan again; did you listen to the talk at all? The whole philosophy is about being mindful of your choices and the implications they have on your life now and in the long term. Going from a zero net worth in 10 years, starting from a job making $21,000 per annum, is pretty inspiring IMO.
@@TerryFoxTheMan I've yet to listen to the whole thing but I've just started following Paula's content. To be fair it doesn't matter how much money you currently have - the principles are the same. The more money you have just accelerates the velocity of your money. Meaning that it's slow going in the beginning but by being persistent you will see results. Most people just quit before they get the results. Hence 'working your butt off'. There is a difference between working your butt off and deliberately working your butt off. I think she's encouraging deliberately working your butt off and being mindful about the process. The point is, you don't need a few million to start investing and I think that's her overall point with her content in general not just this talk. Like I said, the principles are the same. The same practices that will grow your wealth when you have little money will grow it when you have money - just much more quickly. But we all have to start somewhere. Start where you are with what you have and don't quit.
@@GrothendiecksWish Just so you know OP didn't actually listen to it either so they didn't save you time. There is no evidence anywhere to suggest what he is saying but much on the contrary
@@Vipersrule because rich people don't want you to know those things. But what she is talking about isn't original. She comes off some guru but just pick a decent book about investing, say 'A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing ' and you will know more than she does and will learn from true expert. Take a look at mr. money mustache blogs if you want a blogger talking about fi.
@@gdambrauskas 'Rich people don't want you to know those things' - I don't think that's true. They might not want you to know about their specific business in their market, but the principles I can't imagine they would care. Like you said, it's well known material so rich people can't control the spread of it anyway. But that doesn't really speak to the question of why more people aren't FI. We live in the age of information. Anyone can become an expert on anything because information is so readily available. I could read every book in the world on investing and 'know more than she does'. But if I haven't put any of it into practice then she still trumps me. Whether or not her content is original doesn't make any difference. If she can communicate that same content better than someone else, then she should be given credit in my books. Her execution is what qualifies her - not her knowledge alone. Knowledge is one thing, but executing it is another beast. In my opinion that's why more people aren't FI. People either are too lazy to bother learning, or they consume the information but fail to execute it, or they try to execute it but give up because it's difficult. She built her wealth. She walks the walk. That qualifies her.
@@gdambrauskas so is it well known and in books you can pick up from the library, or knowledge suppressed by rich people who have too much time on their hands?
I spent all my money of the Lotto and now I'm rich! You may want to listen to me! Now that's a stupid comparison but really, sound financial advice is really just 3 things. Everyone has known it back to the ancient Egyptians 1. Spend less than you earn 2. Invest in a mix of low/high risk things that will earn you more money later 3. Only go into debt for things which return an investment greater than the debt burden. Boom that's all you need to know. That's why this is useless, because it's not like it's anything new. Also survivorship bias is a thing I suggest you look up. Even though I think she is great and her advice sound a bit of luck has a lot to do with being set at 31. Who you know to get good jobs, where you live, etc. edit: grammar mistake that bugged me.
@@David-kd4qr just because it's not anything new doesn't mean its useless. How info is communicated is just as important as what it is. So even though it's not original if she can communicate it in a way that resonates with certain people then it's definitely not useless because those people are then able to understand and act on it. I understand survivorship bias and while it may account for her success at her age, it has no bearing on the effectiveness of the info.
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Paula's podcast got me to *pay off* my debts and make *3x more money* She's truly an inspiration to me.😍
Tell your story about how you increased you income - I bet a lot of people here would be inspired!
“Never say you cannot afford something. That is a poor man’s attitude. Ask HOW to afford it.” - Robert Kiyosaki
While I regularly listen to Dave Ramsey, Stacking Benjamin’s, And Afford Anything- I would have to say Paula is my favorite host and overall dream women ☺️
I totally agree with you; Paula is the best in excellence.
I totally agree with you Penguin545.👍🏽Paula is the real deal, a true gem 💎 and a rose.🌹 Se is very smart and extremely intelligent. 👩🏽🎓📚 She is the real deal.💯💓Love, love love her.❤❤ ❤❤ ❤❤❤ ❤❤ ❤💯🕉️💓
Paula Pant is freaking awesome.
23:06 - re: delaying gratification - I look at it as putting on lay-a-way a machine that prints money. That machine costs 33 times my annual expenses.
Yo why isn't this liked more? This analogy just fucked my shit up. That's brilliant!
Thank you for sharing this wonderful and inspiring topic
Hi Paula. I think you have a great voice that's perfect for radio/speaking/podcasts.
I totally agree with you; Paula has a great speaking voice for radio, TV, or just great listening. So clear and soothing.
I love her podcast.
worked as nurse so had a purpose invested in a house sold up at age 50 did bucket list and got daughter an education travelled 50 countries and lived in 3 daughter earns a lot living in good city with great lifestyle .now work 3 day weeks pay into a pension scheme and have a life insurance policy worth more than a house and can save a full salary every year whilst renting a fab apartment with a lifestyle and paying minimal on energy etc as new technologies .have great work life balance .if drop dead already done my bucket list and have less stress now working less than ever. moral do bucket list first then save when have had it all
Great info about asset allocation and portfolio diversification . Thumbs up !!!
Paula is awesome. The 3 Rock Stars of Personal Finance should be Paula Pant, David Bach and J.L. Collins. Ignore people like Suze Orman. She is not even in their league. Sure she is mega famous but just an entertainer. P.S, I'm a 55 year old millionaire who got that way by listening to people like Paula, David and Jim.
Totally agree with you.
Paula is brilliant. Job well done!
Some really good stuff here. Recommended.
Healthcare, not food, should be in the Big Three (for Americans).
I like Tharp, Savings is increasing your Net Worth!
I’ve got some Rental Properties and Paying them off is increasing my Net Worth so, it’s Saving! And I agree with your perspective!
Paula is always so good on stacking Benjamin’s. Second to the one and only LEN PENZO!
Lol re virgo. A virgo once told me he doesn't believe in love. Said it's ALL economics.
Paula's podcast is excellent! She explains concepts in an approachable way that is nonjudgemental. But it's not just bland advice, she gets great guests and has really in depth discussions. Just love her podcast! I don't think this interviewer was that great though. He didn't seem engaged in the discussion. It's too bad. Check out the podcast!!
He is into partying et other worthless things
Plus he does not believe a regular person can achieve it
This woman is pretty and really sharp.
Big fan of paula
Housing, transport and food, I think she forgot healthcare.
When you make that kind of money you probably don’t need it lol
Let's begin to talk about the bottom level of the pyramid. Middle class and above have already too much calculation programmed in there mind. Let's talk about those who have really have nothing to calculat on or for. What about that? It will be really useful in the times of transition.
she's genious
Did I hear her say they are divorcing?
Paula’s a great subject, but this really isn’t the best interview. The interviewer clearly was just trying to work down his list of questions and barely listened to a word she said. Her natural charisma and amazing ability to breakdown complex topics in an approachable and memorable way is the only thing that made this worth the watching. Still if you’ve never been introduced to her before you should start with her podcast.
Thank you.
I totally agree with you Christopher.
Extremely wise advice here for building wealth, especially for millennials; but practically for anyone under age fifty. - j q t -
Thumbs up, only 1 second in
So should I sale my home that can’t get a loan on it due to its age , California 1800s farm style home .
Time for an awesome adventure apartment?
If you don't owe money on it (or even if you do) turn it into an income generating asset like an Airbnb. It sounds like it has a specific charm I'm sure the right type of person would love.
Maybe ask what you want your life to be like in 5 years, then ask how your house can be utilized to support that future. Sell it? Keep it? Use the house as one of your tools in your financial tool kit to get to your 5 year future.
13 people who thinks they can afford everything
19:38
16:08
Bloopers here
ruclips.net/video/fnyI8MmmTq8/видео.html
MIC issues
You could live your life today or spend it worrying about furure when you saying passive income this is only true when you inherited some income sources in any other way you still trading hours for dollars but with delayed gratification. How did you bought your real estate? You paid it with your salary isn't it? What is so passive about it? It is still just waiting for rainy days. Enjoy sunshine
is that a real fire place? and is she hot? she looks hot, I think she's super hot! HOT HOT! on fire
How a person goes from 31k a year to a million net worth in 10 years? There's something missing in her story. Did her husband make 100k?
GOOGLE ANYTHING
Starts off rough her definition is wrong, financial independence is where passive income could cover your nut for life. Nobody calls it FI community, strike 2. Worked at a newspaper in 2008, I’ll be generous & say that’s a foul tip. Ok let’s do the math. 30K from 21-31 that’s 300K. So she grew her net worth at 3X plus over a decade, possible but unlikely. BIG DIFFERENCE btwn 1 million & MILLIONS. So worth 1 million & got divorced - so she was worth at max 1/2 million according to her. Growing the gap is a solid principle. She’s basically regurgitates what has been already been out there for a long time. But overall a decent talk. She did a horrible job of answering the question & again gave wrong info - rental property CAN GO DOWN TO ZERO OR WORSE if you get sued cause of the rental property which is possible. Index funds will NEVER go to zero & will never sue you.
Wow... pretty lady
only need around 5 grand now for funerals as will be cheap and no fuss
Just have a few million dollars lmao
After working your butt off and investing, yeah. Did you listen to the talk at all?
@@amandascharf3870 Somehow advice on how to manage wealth efficiently that isn't a low-cost index ETF isn't that insightful. Basically, wealth has a return in itself, that's not rocket science and people who get rent on wealth aren't smart. So your point boils down to her talk being 'work your butt off' insightful stuff!
@@TerryFoxTheMan again; did you listen to the talk at all? The whole philosophy is about being mindful of your choices and the implications they have on your life now and in the long term. Going from a zero net worth in 10 years, starting from a job making $21,000 per annum, is pretty inspiring IMO.
@@amandascharf3870 lmao work your butt off have a few million and invest it, groundbreaking stuff
@@TerryFoxTheMan I've yet to listen to the whole thing but I've just started following Paula's content.
To be fair it doesn't matter how much money you currently have - the principles are the same. The more money you have just accelerates the velocity of your money. Meaning that it's slow going in the beginning but by being persistent you will see results. Most people just quit before they get the results. Hence 'working your butt off'.
There is a difference between working your butt off and deliberately working your butt off. I think she's encouraging deliberately working your butt off and being mindful about the process.
The point is, you don't need a few million to start investing and I think that's her overall point with her content in general not just this talk. Like I said, the principles are the same. The same practices that will grow your wealth when you have little money will grow it when you have money - just much more quickly.
But we all have to start somewhere. Start where you are with what you have and don't quit.
Well, long story short they were already wealthy from the start. There are few nice insights anyway
Thanks, you saved me an hour of dumb fuckery
I’ve listen to Paula’s podcast she was far from being wealthy from the start.
@@GrothendiecksWish Just so you know OP didn't actually listen to it either so they didn't save you time. There is no evidence anywhere to suggest what he is saying but much on the contrary
There was nothing in this talk that suggests that at all??
Listen to her podcasts. She was definitely NOT wealthy. Just smart.
she is just rehashing what is well known. guru...
If it's so well known why aren't more people FI?
@@Vipersrule because rich people don't want you to know those things. But what she is talking about isn't original. She comes off some guru but just pick a decent book about investing, say 'A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing ' and you will know more than she does and will learn from true expert. Take a look at mr. money mustache blogs if you want a blogger talking about fi.
@@gdambrauskas 'Rich people don't want you to know those things' - I don't think that's true. They might not want you to know about their specific business in their market, but the principles I can't imagine they would care. Like you said, it's well known material so rich people can't control the spread of it anyway.
But that doesn't really speak to the question of why more people aren't FI. We live in the age of information. Anyone can become an expert on anything because information is so readily available. I could read every book in the world on investing and 'know more than she does'. But if I haven't put any of it into practice then she still trumps me. Whether or not her content is original doesn't make any difference. If she can communicate that same content better than someone else, then she should be given credit in my books.
Her execution is what qualifies her - not her knowledge alone.
Knowledge is one thing, but executing it is another beast. In my opinion that's why more people aren't FI. People either are too lazy to bother learning, or they consume the information but fail to execute it, or they try to execute it but give up because it's difficult.
She built her wealth. She walks the walk. That qualifies her.
@@gdambrauskas she practices what she preaches. She is speaking from experience. She didn't just "pick up a book" and rehash it.
@@gdambrauskas so is it well known and in books you can pick up from the library, or knowledge suppressed by rich people who have too much time on their hands?
Oh god, the most useless financial “guru” is talking at google
How is it useless?
She reached financial independence at 31. You may want to listen.
I spent all my money of the Lotto and now I'm rich! You may want to listen to me!
Now that's a stupid comparison but really, sound financial advice is really just 3 things. Everyone has known it back to the ancient Egyptians
1. Spend less than you earn
2. Invest in a mix of low/high risk things that will earn you more money later
3. Only go into debt for things which return an investment greater than the debt burden.
Boom that's all you need to know. That's why this is useless, because it's not like it's anything new.
Also survivorship bias is a thing I suggest you look up. Even though I think she is great and her advice sound a bit of luck has a lot to do with being set at 31. Who you know to get good jobs, where you live, etc.
edit: grammar mistake that bugged me.
@@David-kd4qr just because it's not anything new doesn't mean its useless. How info is communicated is just as important as what it is.
So even though it's not original if she can communicate it in a way that resonates with certain people then it's definitely not useless because those people are then able to understand and act on it.
I understand survivorship bias and while it may account for her success at her age, it has no bearing on the effectiveness of the info.
Damn, she might be good with money, but how horrible she must be as a wife if her husband wanted to divorce her.
You're an idiot.
They lived for a future (that didn't come together)
If you look at earlier pictures of her, she weighed a lot more so maybe her ex likes thin women? She looks good (for) now.