Think and Grow Rich…Really?! | How to Money and 5AM Joel - E59

Think and Grow Rich…Really?! | How to Money and 5AM Joel - E59

Author: Jesse Cramer July 19, 2023 Duration: 55:16

What kind of mood would you find yourself in if a tree fell onto your house? Would it ruin your day? Our guests might have something to say about that…

 

Joining me today are two of the most outrageously optimistic, enthusiastic experts in personal finance, Joel O'Leary and Joel Laarsgard.

 

I'll often have clients come in and say, "Jesse, we really want to approach things conservatively. I mean after all, you've seen the news, right? We know we're heading into a recession." And on one hand, of course, we want to be paying attention to the economy, but what do the short term fluctuations in the news cycle really mean to us over the span of 30 years? We shouldn't let a negative bias harm our long-term financial health. 

 

Today we discuss if there's truly a force behind the power of positivity and what it could mean in your financial situation. After all, one of Joel's favorite quotes is "invest like an optimist and save like a pessimist." So, join me in this lighthearted conversation as we break it all down.

 

More of Joel Laarsgard:

https://5amjoel.com/

 

More of Joel O'Leary:

https://www.howtomoney.com/

 

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

Personal Finance for Long-Term Investors
Podcast Episodes
Which of Your "Money Scripts" Are Helpful vs. Hurtful? (E116) [not-audio_url] [/not-audio_url]

Duration: 1:08:31
Today, Jesse is joined by Hanna Horvath—Certified Financial Planner, managing editor at Bankrate, and author of the Your Brain on Money newsletter—for a deep dive into the psychology behind our financial decisions and wh…
The Risks of Quitting Your Career (E114) [not-audio_url] [/not-audio_url]

Duration: 1:03:56
Today, Jesse is joined by Kelan Kline, co-founder of The Savvy Couple, who shares his entrepreneurial journey from working as a jail deputy to building a successful online personal finance brand, emphasizing the importan…
"How Will Taxes Affect My Inheritance Planning?" (AMA, E113) [not-audio_url] [/not-audio_url]

Duration: 1:20:45
Jesse tackles six thoughtful listener questions spanning a range of personal finance topics. He begins with a question about using Social Security and pension payments as a means to replace bonds in a retirement portfoli…
Reset Your Portfolio Expectations, Before It's Too Late (E112) [not-audio_url] [/not-audio_url]

Duration: 54:45
Jesse welcomes back Peter Lazaroff to discuss the psychology and strategy of investing during uncertain times. They explore how media narratives and recession fears can distort investor behavior, emphasizing the importan…
The Risks of *Over*-Optimizing Your Retirement (E111) [not-audio_url] [/not-audio_url]

Duration: 1:00:06
Today's episode is a special bonus episode, a companion to Jesse's discussion on episode 555 of ChooseFI! Jesse examines the risks of over-optimization in personal finance, concentrating on tax-loss harvesting, asset all…
8 Examples of Warren Buffett's Timeless Wisdom (E110) [not-audio_url] [/not-audio_url]

Duration: 44:09
Jesse explores the timeless wisdom of Warren Buffett, highlighting both his disciplined investment philosophy and his unwavering emphasis on trust and character. Jesse breaks down Buffett's approach to buying great busin…
6 Experts Share Their "Worst" Spending Stories (E109) [not-audio_url] [/not-audio_url]

Duration: 50:04
Jesse explores the value of financial priorities and the balance between spending and saving with guests Diania Merriam, Justin Peters, Bill Yount, Jeremy Schneider, Doc G, and Joe Saul-Sehy. Diania highlights the "icebe…