#657: This week, Paula and Joe dig into a listener’s question about ETFs that track the stock trades of U.S. politicians — including the Democratic “NANC” fund and its Republican counterpart “KRUZ.” They explore whether this strategy is smart investing or just expensive entertainment.

Then, they shift gears to home ownership headaches. Another listener asks how to control ballooning maintenance costs, and Paula shares her best advice for finding trustworthy contractors, budgeting for repairs, and knowing when DIY doesn’t actually save money.

Finally, an anonymous caller wonders if starting a small business just for tax breaks makes sense. Paula and Joe explain the IRS rules — and why energy and purpose matter more than deductions.
From “fun money” investing to financial planning that actually works, this episode is all about balancing curiosity, caution, and common sense.

Key Takeaways
<ul>
 <li>Congressional-trade ETFs aren’t a shortcut to wealth. They’re speculative, lag behind real trades, and carry high costs</li>
 <li>Home maintenance is predictable — plan for it. Create a repair timeline and build relationships with investor-friendly contractors</li>
 <li>DIY isn’t always cheaper. Factor in time, tools, and opportunity cost</li>
 <li>Never open a business just for taxes. If it doesn’t make a profit or bring joy, it’s an energy drain, not a strategy</li>
 <li>Separate fun money from freedom money. Keep speculation playful, and build wealth with focus and purpose</li>
</ul>
Chapters
Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths.
(00:00) Should You Follow Congress’s Trades?
(06:00) The Lag Problem and Investor Bias
(10:30) The “Fun Money” Rule
(11:20) The Hidden Cost of Home Repairs
(15:00) Finding Investor-Friendly Contractors
(18:00) Planning Ahead for Repairs
(22:00) DIY vs. Opportunity Cost
(26:00) Starting a Small Business for Tax Breaks
(29:00) The IRS “3-of-5 Rule”
(32:00) Purpose Over Deductions
(34:00) Final Thoughts

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