EP 286: How 2022 Inflation and a Potential Recession will Impact Real Estate Investing
Jul 15, 2022
How 2022 inflation and a potential recession will impact real estate investing
With all the things happening in the market, it’s so easy to feel overwhelmed and struggle with indecision.
In this episode, Paula Pant is back on our show to provide clarity in these challenging times. She goes in-depth on recession and inflation and offers actionable advice on how we can move past the uncertainty and make smarter bets in an inflationary environment. As the founder of AffordAnything.com, Paula also shares insights on the barriers of entry to real estate and why we should give more value to our time.
Paula Pant is a podcast host, writer, speaker, and media commentator on financial independence and real estate investing. She is the creator and host of the Afford Anything podcast, which has more than 15 million downloads, and 2,100 reviews, and is ranked by Apple Podcasts as one of the Top 50 Business podcasts. Her website, AffordAnything.com, draws 2.5 million annual page views and holds more than 63,000 email subscribers.
Quotes
• “Every choice is a trade-off and you can afford anything, but not everything.” (13:48-13:54)
• “The tangibility of a home makes it feel a little bit more like quote, unquote, real. It makes it more salient and it requires a deeper level of commitment." (17:33-17:47)
• “By definition, we will only know if we are in a recession in hindsight because that definition, two consecutive quarters of negative growth, ee have to look back at the last two quarters.” (21:40-21:49)
• “Are your personal finances in a place where you can absorb both the outlay of capital as well as a degree of uncertainty?” (29:56-30:06)
• “ Think holistically about the risk all around and counterbalance different forms of risk.” (35:39-35:44)
• “Fill your schedule with all the things that you can't outsource.” (40:09-40:12)
Connect with Paula:
Website: https://affordanything.com/
Instagram: @paulapant
Facebook: https://www.facebook.com/AffordAnything/
Twitter: @AffordAnything
Learn more about rental property investing and sign up for Paula’s course: https://courses.affordanything.com/
Download the free e-book, 7 Expensive Rental Property Mistakes to Avoid: https://affordanything.com/mistakes/
Join Paula’s Real Estate VIP List: https://affordanything.com/vip-list/
Resources mentioned:
- Laura Vanderkam
- The Power of Now by Eckhart Tolle
- The Millionaire Next Door by Thomas J. Stanley and William D. Danko
- The Next Millionaire Next Door by Thomas J. Stanley and Sarah Stanley Fallaw
- The 7 Habits of Highly Effective People by Stephen Covey
- Rich Dad Poor Dad by Robert T. Kiyosaki
- The Rich Dad Radio Show: What makes a great investor? With Liz Faircloth and Andresa Guidelli
- Kristen Berman
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