Dr. Brad Klontz: 4 Unhealthy Attitudes Towards Money | Afford Anything Podcast (Audio-Only)

[@sunset2hearty]

So interesting and helpful! Thanks!!!

[@RomyMacias]

Great podcast Paula. Thanks!

[@toddray275]

Great Podcast ! I really enjoyed it Paula! Lucky for us we don't have to buy you lunch to pick your brain, we just have to tune in. Lucky Us!

[@granitemoss1451]

Really great episode, thanks.

[@everydayadventures-destiny9186]

Question to an expert. We (husband and i) own 5 homes. Live in one and rent 4. 2 of the 4 make only 450 per month profit (900 combined) if we sell them we will be able to pay off the home we live in. We would then have our house, one paid off rental and one rental w a mortgage. (The morgage of the home we live in is our biggest expense 2800 month) does it make since to sell the 2 properties to pay off our home? If you have any feedback that would be awesome. Thanks!!!

[@novaricos]

yes, sell the properties you mention. the peace of owning your home that you live in free and clear is priceless. Also sell the rental that you would still have a mortgage on. You can buy more free and clear before long. A rental that has no mortgage and is properly maintained and rented well will cash-flow like a bandit. You will also be able to and need to set up an back-up fund of 3-6 months of money for emergency survival or a temporary crisis need. Pay off and get rid of all consumer and loan debt, yes this includes your car payments and school loans! A good substitute for the false security of a credit card is to set up a bank account with the same balance as the loan (debt) limit you had on your best credit card, get a debit card for that account, and use it same as you would the old credit card. Now you can pay yourself back, instead of a bank (even with interest!- why not!) and make yourself rich instead of someone else! yeah!!!! Also save up to have set-aside funds for home and rental property for maintenance and replacement of systems that will wear out, and a fund for car maintenance and repairs and eventual replacement. These funds, as well as the emergency fund are simply in cash, in separate bank accounts, they are not investments. Don't worry about a 'rate of return'. They are like insurance, to be quickly available for need. not to increase your income! Once you have control of your income and are no longer sending half of it off every month to a bank or other holder of your debt, you will amazingly, be able to finance your dreams more rapidly than you ever thought possible, including buying more rental property with cash! and you'll get a better price from the seller too, when you can offer cash and close in a week- no banks appraisals and paperwork and holdups and approvals necessary! You go folks- you're going to be awesome!!!!

[@violetafrancogil2329]

Very interesting subject, but what a pity the amount of ads in the podcast. I won't be listening to any other episode.