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The Best Interest - Complex Personal Finance Made Easy

The Best Interest - Complex Personal Finance Made Easy

Jesse Cramer

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.

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Top 10 The Best Interest - Complex Personal Finance Made Easy Episodes

Goodpods has curated a list of the 10 best The Best Interest - Complex Personal Finance Made Easy episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to The Best Interest - Complex Personal Finance Made Easy for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite The Best Interest - Complex Personal Finance Made Easy episode by adding your comments to the episode page.

The Best Interest - Complex Personal Finance Made Easy - Is There a "War on Merit?" featuring The Financial Samurai - E47

Is There a "War on Merit?" featuring The Financial Samurai - E47

The Best Interest - Complex Personal Finance Made Easy

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02/01/23 • 34 min

While the idea of living in a meritocracy is desirable, as it rewards those who do better, is it prevalent in today’s society?

With 25% of American households making less than $30,000 a year, do billionaires really offer 200,000 times the merit than them? At what age do we start to blame the poor kid, a victim of bad luck his entire life, for his poor circumstances? Is anyone really self-made? Or does everything unfold by mere chance?

I invite Sam Dogen, The Financial Samurai, to discuss the role merit plays in the real world and how you can position yourself to achieve success.

Mentions:

Jeff Bezos and the Meritocracy Kings: https://bestinterest.blog/meritocracy/ Learn About The Financial Samurai: https://www.financialsamurai.com/about/

How to Survive the War on Merit: https://www.financialsamurai.com/how-to-survive-the-war-on-merit/

Buy This, Not That on Amazon: https://amzn.to/3Wz1G3L

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at [email protected]

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.

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The Best Interest - Complex Personal Finance Made Easy - Growth Mindsets to Afford Anything | Paula Pant - E75

Growth Mindsets to Afford Anything | Paula Pant - E75

The Best Interest - Complex Personal Finance Made Easy

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02/28/24 • 52 min

Paula Pant writes, podcasts, and speaks on financial independence, money management, and financial literacy. As the host of the Afford Anything Podcast, Paula has racked up more than 30 million downloads, ranking the show among the Top 50 Business Podcasts on Apple Podcasts. In this episode we learn how Paula realized she could travel the world on a limited income and eventually go on to financial independence through Afford Anything. If you’re looking for some growth mindset inspiration that will help you broaden your perspective, this is the episode for you!

Key Takeaways:

How to move on (and grow) after financial mistakes.

Why we need reminders and safety measures.

How to afford anything with the power of priorities.

How Paula traveled the world and never got a job again.

What cap rate you should be looking for in a rental property.

Why you should start 10X thinking, rather than penny pinching.

Mentions:

🌐 Afford Anything: https://affordanything.com/

👉🏼 LinkedIn: https://www.linkedin.com/in/paulapant/

🎙️ Afford Anything Podcast: https://affordanything.com/podcast/

📚 Are We In The Best Stock Market Period...Ever? https://bestinterest.blog/the-best-stock-market-period-ever/

📚 Should You Keep Investing At All-Time Highs? https://bestinterest.blog/investing-at-all-time-highs/

📚 The Incredible Power of 10X Thinking https://affordanything.com/any-benefit/

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at [email protected]

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.

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The Best Interest - Complex Personal Finance Made Easy - Long-Term Investing Takes Faith - E2

Long-Term Investing Takes Faith - E2

The Best Interest - Complex Personal Finance Made Easy

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02/17/21 • 23 min

How can a windy lake teach us about long-term investing?

And I answer listener questions about my first investment, about bonds, and about the "flat earth" conspiracy. How fun!

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The Best Interest - Complex Personal Finance Made Easy - The Mindset of a Millionaire Next Door | Andrew Giancola - E67

The Mindset of a Millionaire Next Door | Andrew Giancola - E67

The Best Interest - Complex Personal Finance Made Easy

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11/08/23 • 38 min

Today, Jesse shares some financial lessons from humble beginnings. There’s much to learn from his first entrepreneurial endeavor: a baseball concession stand. Then, Andrew Giancola joins the pod to share his “Hero’s Journey,” from a bottom point where he found himself unable to afford a fill-up of gasoline. Andrew has thoughts about peoples’ biggest problem with money, about opportunity costs we all face, and whether you should rent or buy your next home. Thanks for joining us today on The Best Interest.

Key Takeaways and Timestamps:

(0:00:44) - Jesse shares a story from his early financial life about starting a concession stand business as a kid to earn money to buy a computer game.

(0:09:31) - Jesse shares about his first job cleaning bathrooms and cabins at a state park for minimum wage.

(0:13:30) - Brief ad break.

(0:14:32) - Andrew Giancola, host of The Personal Finance Podcast, joins the show.

(0:15:23) - Andrew shares his “Hero Story” of living paycheck to paycheck after college and having an "a-ha" moment when he couldn't afford to fill up his gas tank.

(0:18:25) - Andrew reflects that changing his money mindset and psychology was the biggest factor in learning to manage his money properly.

(0:19:45) - Andrew discusses working one-on-one with clients, focusing on identifying their biggest problems and goals around money.

(0:21:40) - Andrew shares a story about starting a side business selling Christmas trees and learning entrepreneurial lessons from it.

(0:23:20) - Trying new ventures, seeing what works, and not being afraid to abandon things that aren't working.

(0:24:43) - The importance of evaluating opportunity costs in building wealth.

(0:28:14) - Tactics for evaluating non-monetary opportunity costs like time with family.

(0:28:50) - Brief ad break.

(0:29:04) -The first $100k is the hardest to accumulate because it relies more on savings rate versus investment returns. Once you hit $100k, compound interest accelerates wealth building.

(0:33:08) - The importance of calculating total cost of homeownership before deciding whether to buy or rent.

(0:35:05) - While homeownership can make sense, a house shouldn't be viewed primarily as an investment.

Mentions:

The Millionaire Next Door:

https://amzn.to/3FKFfme

More of Andrew:

🌐 Website: https://mastermoney.co/

🎙️ Podcast: https://mastermoney.co/podcast/

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at [email protected]

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.

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The Best Interest - Complex Personal Finance Made Easy - Reviewing Warren Buffett's Latest Shareholder Letter - E49

Reviewing Warren Buffett's Latest Shareholder Letter - E49

The Best Interest - Complex Personal Finance Made Easy

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03/01/23 • 52 min

So what did Warren Buffett mean by silver tongued demagogues and slaying dragons? Jesse sits down with Rob Bradley, a fellow Berkshire Hathaway shareholder and CFP in Rochester, NY, to discuss the wealth of knowledge behind Berkshire Hathaway’s latest annual letter to shareholders.

Buffett is widely regarded as one of the greatest investors of all time and his investing style has been studied and emulated by many investors over the years. Rob breaks down how Berkshire Hathaway has outperformed the S&P, invested in Apple as an indispensable consumer product, and poised itself to take advantage of domestic businesses based on their intrinsic value.

Quotes:

"Charlie and I are not stock pickers. We are business pickers."

"When you are told that all repurchases are harmful to shareholders or to the country or particularly beneficial to CEOs. You are listening to either an economic illiterate or a silver tongued demagogue, characters that are not mutually exclusive."

"Successful investing takes time, discipline and patience. No matter how great the effort, some things just take time. You can't produce a baby in 1 month by getting 9 women pregnant.”

“Bitcoin was probably rat poison squared.”

"Interest rates are to financial instruments as gravity is to matter."

Mentions:

Becky Quick, of CNBC will review questions that shareholders have submitted by e-mail and select those she believes will have the widest interest. Questions can be submitted to Becky at [email protected].

Berkshire Hathaway Annual Letter: https://www.berkshirehathaway.com/letters/2022ltr.pdf

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at [email protected]

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.

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The Best Interest - Complex Personal Finance Made Easy - Did I Make an Investing Mistake? - E40

Did I Make an Investing Mistake? - E40

The Best Interest - Complex Personal Finance Made Easy

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09/11/22 • 32 min

In this episode, we talk about:

the college loan forgiveness program

"gardening" vs. "dining out," and how it applies to financial planning

a blog reader asking if they made a BIG investing mistake?

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The Best Interest - Complex Personal Finance Made Easy - Back In The Saddle - E39

Back In The Saddle - E39

The Best Interest - Complex Personal Finance Made Easy

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08/24/22 • 25 min

The podcast is back! This episode covers...

a quick (hopeful) plan for the future of the pod

discussing "The Perfect Investor," and why they're a mythical character

and a favor: send me your questions!

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The Best Interest - Complex Personal Finance Made Easy - Nuts of Financial Wisdom, with the FI Squirrel - E28

Nuts of Financial Wisdom, with the FI Squirrel - E28

The Best Interest - Complex Personal Finance Made Easy

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07/28/21 • 59 min

Sean, a.k.a. the FI Squirrel, might be the BEST guest yet on The Best Interest Podcast. I loved this conversation so much, as we traverse his financial knowledge and experience.

Whether you're just getting started or an experienced investor - you'll love his genuine thoughts, his helpful wisdom, and his willingness to help others.

Start your Personal Capital account today - personalcapital.sjv.io/9WAGRE

FI Squirrel Twitter: https://twitter.com/FI_Squirrel

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The Best Interest - Complex Personal Finance Made Easy - The Cost of College (Twitter Spaces) - E25

The Cost of College (Twitter Spaces) - E25

The Best Interest - Complex Personal Finance Made Easy

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07/19/21 • 41 min

This week on our Twitter Spaces, we spoke about the cost of college. What do the financial numbers say about college's long-term benefits?

Show notes:

Dave - @UncommonYield

Roger - @UpshotWealth

Brandon - @RinkydooFinance

Adam - @AdamShoup

Andy - @OhHaiAndy

Shadow - @ShadowRents

Jesse - @BestInterest_JC

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The Best Interest - Complex Personal Finance Made Easy - Picking Stocks - Does It Ever Work?!  |  Brian Feroldi - E74

Picking Stocks - Does It Ever Work?! | Brian Feroldi - E74

The Best Interest - Complex Personal Finance Made Easy

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02/14/24 • 57 min

Brian Feroldi is a prolific creator in the financial education space, having written over 3000 articles for the Motley Fool, published a book, “Why Does The Stock Market Go Up?”, and actively posting to his YouTube Channel. In this episode, Brian breaks down his checklist for what makes a company worth investing in and provides some insight into what we should do before we jump into investing. If you’re interested in personal investing and some great guidelines to go along with it, this is the episode to listen to.

Key Takeaways:

  • What is the index fund bubble? And what are some prominent thoughts on it?
  • Should you be worried about an index fund bubble?
  • How to get a sense of a company worth investing in.
  • What criteria Brian uses when deciding what to invest in?
  • Why you should “never interrupt your compounding unnecessarily.”
  • Why you should take care of the boring before the exciting.
  • Why you should keep your personal life and your investing life separate.

Mentions:

🌐 Brian Feroldi: https://www.brianferoldi.com/

🌐 Long Term Mindset: https://brianferoldi.substack.com/

👉🏼 LinkedIn: https://www.linkedin.com/in/brianferoldi/

📚 Checklist: https://brianferoldi.ck.page/checklist

📚 Why Does The Stock Market Go Up? By Brian Feroldi: https://amzn.to/3Ij1Yax

🌐 Raoul Pal: https://www.youtube.com/@RaoulPalTJM

🌐 Ben Felix: https://www.youtube.com/@BenFelixCSI

🎙️ Odd Lots: Why The Rise of Passive Investing Might Be Distorting The Market: https://omny.fm/shows/odd-lots/why-the-rise-of-passive-investing-might-be-distort

🎙️ Animal Spirits Podcast: https://awealthofcommonsense.com/podcast/

📚 The Motley Fool: https://www.fool.ca/

🌐 More on The Index Fund Bubble: https://bestinterest.blog/index-fund-bubble/

More of The Best Interest:

Check out the Best Interest Blog at bestinterest.blog

Contact me at [email protected]

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.

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FAQ

How many episodes does The Best Interest - Complex Personal Finance Made Easy have?

The Best Interest - Complex Personal Finance Made Easy currently has 96 episodes available.

What topics does The Best Interest - Complex Personal Finance Made Easy cover?

The podcast is about Investing, Podcasts, Self-Improvement, Education and Business.

What is the most popular episode on The Best Interest - Complex Personal Finance Made Easy?

The episode title 'Is There a "War on Merit?" featuring The Financial Samurai - E47' is the most popular.

What is the average episode length on The Best Interest - Complex Personal Finance Made Easy?

The average episode length on The Best Interest - Complex Personal Finance Made Easy is 48 minutes.

How often are episodes of The Best Interest - Complex Personal Finance Made Easy released?

Episodes of The Best Interest - Complex Personal Finance Made Easy are typically released every 14 days.

When was the first episode of The Best Interest - Complex Personal Finance Made Easy?

The first episode of The Best Interest - Complex Personal Finance Made Easy was released on Feb 11, 2021.

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