Why is personal finance so complicated? Even worse, the Internet is full of personal finance “experts” providing short-sighted, error-prone, and outright bad financial advice. Jesse Cramer has a knack for using everyday experiences to make personal finance accessible for the average investor. His extensive research coupled with skilled narrative makes personal finance actually enjoyable. By day, Jesse works for a fiduciary wealth management firm in Rochester, NY. By night, he runs The Best Interest - nominated in 2022 for "Personal Finance Blog of the Year.” The Best Interest simplifies personal finance and investing to make your life easier, smarter…and a little richer, too. Come invest in knowledge with The Best Interest.
https://bestinterest.blog
An Informative Debate: The Most Important Rules of Personal Finance | Justin Peters - E78
Jesse starts this episode with an engaging monologue: how exactly does The Best Interest generate revenue? Jesse answers this question and asks YOU for your help in ensuring The Best Interest continues as a terrific free financial resource.
And then Justin Peters joins for the second half of the episode. Justin hosts The Struggle is Real, a podcast about adulting through your twenties. He’s also a co-founder of SimplePod Studios, which produces The Best Interest Podcast. In this episode, Justin and Jesse discuss, compare, and contrast their top five “Golden Rules” of personal finance. If you’re looking for an insightful, fun, and fast-paced conversation, this is the episode for you.
Key Takeaways:
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How does The Best Interest make money?
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The intersection of Jesse’s professional life and The Best Interest
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Why you need to track your money!
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How gift cards trick you into spending more.
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The best investment is in yourself.
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Simple is better than complex (almost always).
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Why and how you should prepare for risk.
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Why you MUST automate your finances, as much as possible.
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Think long term, but don’t forget the present.
Mentions:
???? Website: https://simplepodstudios.com/
???????? LinkedIn: https://www.linkedin.com/in/justinleepeters/
????️ Podcast: https://www.tsirpodcast.com/
???? The RRTTLLU Framework: https://bestinterest.blog/rrttllu/
More of The Best Interest:
Check out the Best Interest Blog at bestinterest.blog
Contact me at jesse@bestinterest.blog
The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.