A Guide for the DIY Investor | Measure Twice Money - E64

A Guide for the DIY Investor | Measure Twice Money - E64

Author: Jesse Cramer September 27, 2023 Duration: 53:53
Personal Finance for Long-Term Investors
BusinessEducationInvestingSelf Improvement

Nonillion… That's a number so big, I hadn't heard it before recording this episode. Should you budget and track every single dollar you spend? Should you put 10 percent of your income into your 401k? These are just two of the typical questions I get asked when it comes to money management. In fact, when you think about the hundreds of decisions the average person is faced with in their financial journey, you end up with a nonillion different possible outcomes.

 

This week I brought on Cody Garrett to make these decisions a little clearer. With dual degrees in music theory and contemporary piano performance, Cody shifted gears in 2018 to focus on his growing interest in finances. Having served as a music director for renowned Broadway shows to now, sharing actionable personal finance advice, Cody's journey is a testament to his drive and adaptability. Cody runs his firm that caters to DIY investors on the path of early retirement, and also educates over 1000 financial advisors, impacting the future of financial planning in a meaningful way.

 

Just because you're a do-it-yourself investor doesn't mean you have to do it alone.

-Cody Garrett

 

Key Takeaways:

  • Teaching is the best way to learn

  • Understanding advice only financial planning

  • The Transition Zone of financial planning: tax planning

  • Traditional vs. Roth Contributions

  • Marginal vs Effective Tax Rates

  • The "Kiddie Tax" and 529 plans

 

Mentions:

https://bestinterest.blog/financial-advisor-questions/

 

More of Cody:

🌐 Website: https://measuretwicefinancial.com/

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

🎙️ Podcast: https://podcasts.apple.com/us/podcast/measure-twice-money/id1608034167

 

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.

 


Navigating the world of money can feel overwhelming, with a constant stream of conflicting tips and trendy, quick-fix schemes. Personal Finance for Long-Term Investors-The Best Interest cuts through that noise. Host Jesse Cramer brings a unique perspective to the conversation, transitioning from his background as an aerospace engineer to his work as a fiduciary financial advisor. This podcast is built on the principle that genuine wealth isn't built overnight through speculation, but through consistent, well-reasoned decisions made over decades. Each episode delves into the mechanics and mindset required for that journey, exploring topics like retirement planning, intelligent investing, and the behavioral aspects of managing money. You'll find discussions that go beyond surface-level advice, examining the "why" behind proven strategies and how to apply them to your own life. The tone is conversational and grounded, avoiding financial jargon in favor of clear explanations. It’s a resource for anyone tired of the hype and seeking a sustainable path forward. By focusing on evidence-based ideas and patient execution, this podcast aims to provide listeners with the tools and confidence to build a secure financial future on their own terms. Tune in for a thoughtful, long-term approach to personal finance that prioritizes your best interest.
Author: Language: English Episodes: 100

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Personal Finance for Long-Term Investors
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