Personal Finance for Long-Term Investors - TopPodcast.com

View Top 200 Chart

Back to Rankings Page

Personal Finance for Long-Term Investors — Business
Personal Finance for Long-Term Investors

[Top 1% Personal Finance, Retirement, and Investing Podcast]

Why is personal finance so complicated?

The internet is flooded with personal finance “experts” sharing short-sighted, error-prone advice. But long-term financial success requires thoughtful, patient, and well-researched strategies.

Hosted by Jesse Cramer, a former aerospace engineer turned fiduciary financial advisor in Rochester, NY, “Personal Finance for Long-Term Investors” simplifies complex financial planning topics. With relatable stories, in-depth research, and practical tips, Jesse helps you master personal finance planning for families, make smart decisions about tax-efficient investing, and build strategies for retirement planning and beyond.

Formerly known as “The Best Interest Podcast,” and inspired by Jesse’s award-nominated blog The Best Interest, this podcast is your trusted resource for comprehensive financial planning and smart investing.

Whether you’re looking for optimal investment allocations, retirement planning advice, or generational wealth transfer ideas, this show makes personal finance approachable, enjoyable, and actionable.

A richer tomorrow starts with learning today. Invest in your knowledge with Personal Finance for Long-Term Investors.

Copyright: © Copyright Best Interest LLC

Latest Episodes:

Fight, Flight, and Friction: Being Smart in Your Volatile Portfolio | Carl Richards - E83 Jun 19, 2024

Show notes

Jesse starts this episode with a confession: money still stresses him out. The four ways that Jesse reduces this stress are remembering what's going right financially, prioritizing spending, working hard, and remembering that others have walked this path.

Then, with another call back to his blog, Jesse invokes Marshall McLuhan's quote "the medium is the message" when sharing from his post, "The Friction is the Message".

Today's guest is Carl Richards, the creator of the Behavior Gap, author of The Behavior Gap: Simple Ways to Stop Doing Dumb Things with Money, and host of Behavior Gap Radio. Not only has Carl been featured on Oprah.com and Forbes.com, he's the creator of the Sketch Guy column which ran weekly for a decade in The New York Times. In this episode, Carl gives us some great insight into how we can refocus ourselves and our finances on what really matters to us.

If you're interested in not only financial planning, but time, energy, and attention planning, too, then this is the episode for you!

Key Takeaways:

• 4 ways Jesse reduces his financial stress.

• Friction as a bad thing, and friction as a good thing.

• Why you should invite imposter syndrome in.

• What is the Behavior Gap?

• How to choose your financial advisor.

• How to manage your money, time, energy, and attention.

Key Timestamps:

(02:10) Jesse's Monologue: Money Still Stresses Me Out

(07:24) Managing Financial Stress: Four Key Reminders

(13:42) The Friction is the Message

(22:14) Carl Richards Joins the Conversation

(28:48) Why Carl Shares

(30:41) Overcoming Fear, Anxiety, and Imposter Syndrome

(39:02) The Behavior Gap in Investing

(44:48) The Value of Real Financial Planning with a Real Advisor

(52:28) Conclusion and Resources

Key Topics Discussed:

The Best Interest, Jesse Cramer, Rochester New York financial planning, financial stress, human capital, personal energy, mental attention, financial advisor, imposter syndrome, financial anxiety, the Behavior Gap, the Friction is the Message

Mentions:

Website: https://behaviorgap.com/

LinkedIn: https://www.linkedin.com/in/thinkingcarl/

Mentions:

https://bestinterest.blog/money-still-stresses-me-out/

https://bestinterest.blog/the-friction-is-the-message/

https://bestinterest.blog/selling-and-surviving/

https://behaviorgap.com/radio/

https://www.50fires.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.

"Truth: We Are Very Bad At Anticipating What We Want" | Jonathan Clements - E82 Jun 05, 2024

Show notes

Jesse begins today's episode with a short monologue on the highs and lows of money. Can money buy happiness? Or are they uncorrelated? Either way, money can certainly buy flexibility and optionality. Jesse collects insights from Thom Yorke, Matthew Killingsworth, Danny Kahneman, and Angus Deaton.

Today's guest is Jonathan Clements, the founder and editor of Humble Dollar, the author of My Money Journey and How to Think About Money. Clements spent nearly 20 years at the Wall Street Journal as their lead personal finance columnist. He shares why we need financial goals that fulfill us, why he plans to continue working, and how we can plan financially for retirement, but why that shouldn't be the end goal of our financial journey.

If you're interested in long-term financial planning that will set yourself up for success, then this is the episode for you!

Key Takeaways:

• How to strike the balance between spending and saving.

• Why you can never know what you'll really want in the future.

• We need personal fulfillment goals, not just financial goals.

• Jonathan's retirement plan is ICE over FIRE.

• How to invest not only for retirement, but also for your heirs' inheritance.

Key Timestamps:

(01:54) Jesse's monologue: Can money buy happiness?

(09:15) Introduction to Jonathan Clements

(10:30) My Money Journey

(12:40) Switching from saver to spender

(15:50) We can't predict the future

(21:43) 8 traits successful people have in common

(24:25) ICE: I'll Continue Earning

(28:46) Annuities and Social Security

(36:29) Setting the next generation up for success

(44:40) Close

Key Topics Discussed:

The Best Interest, Jesse Cramer, Rochester New York financial planning, immediate fixed annuities, lifetime income annuities, equity and indexed annuities, Roth IRA, Social Security, retirement wealth planning

Mentions:

Website: https://humbledollar.com/

Jesse's Radiohead article: https://humbledollar.com/2024/05/happy-conclusion/

LinkedIn: https://www.linkedin.com/in/jonathanclements/

How to Think About Money: https://amzn.to/3yHtlth

My Money Journey: How 30 people found financial freedom - and you can too: https://amzn.to/3Kw91NO

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.

"Is My 100% S&P 500 Portfolio Wrong?" | AMA #1 with Jesse - E81 May 22, 2024

Show notes

On today's episode, we bring you something a little different. Jesse's collected a series of questions from newsletter subscribers and will answer them in today's AMA (Ask Me Anything). Jesse answers into which accounts young people should be putting their money. Other questions answered are: Is getting to your "Coast FI" a good idea? How to balance which accounts you're putting money into and how your goals might change that. How can you financially prepare for parenthood? Why you should diversify your investments, even if your lack of diversification is working for you. What are "Roth Conversions"? And how can we make the most of tax diversification? If you're interested in hearing Jesse's answers to these questions, then this episode is for you. If you'd like a question in a future AMA, send Jesse a message!

Key Takeaways:

When should I put money into my Roth IRA vs. my Traditional 401k?
We don't know the future. So, diversify.
What Jesse's doing to prepare financially for parenthood.
How clear goals can get you more specific guidance when financial planning.
When and how you can do "Roth Conversions".

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.

Beware! Don't Fall Into "The College Money Pit Trap!" | Evan Giokas - E80 May 08, 2024

Show notes

Jesse starts this episode discussing his "50/50 rule" of college savings. Jesse also talks about 529-to-Roth conversions (why they're overrated!), the FAFSA, and other financial tools at our disposal for college planning.

Evan Giokas then joins the show to dive deeper into a college admissions conversation. Evan is the founder of The College Confidence Coach, which helps students through their higher educational journey. Evan covers what a "conative assessment" is, how to be cost-conscious when preparing for college, how to start college conversations with your child, and the importance of showing your values to college admissions staff..

If you're preparing a child for college, this is the episode for you!

Key Takeaways:

How to start the college conversation with your child
What is the Conative Assessment?
What is the college money pit trap?
How to be cost-conscious in college planning
How to optimize your FAFSA
The "50/50 Rule" for college saving
The pros and cons of 529–to-Roth conversions

Mentions:

🌐 Website: https://www.thecccoach.com/

👉🏼 LinkedIn: https://www.linkedin.com/in/evan-giokas-56443746/

📚 The Important Details Behind 529-to-Roth Conversions: https://bestinterest.blog/the-important-details-behind-529-to-roth-conversions/

📚 Follow the 50/50 Rule for College Saving: https://bestinterest.blog/the-50-50-rule-for-college-saving/

📚 University of the People: https://www.uopeople.edu/

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.

Health = Money = Time | Phil Pearlman - E79 Apr 24, 2024

Show notes

In episode 79 of The Best Interest Podcast, host Jesse Cramer discusses the intricate relationships between health, wealth, and time with guest Phil Pearlman. Jesse starts with his usual monologue, explaining and establishing that health, money, and time are all interchangeable resources that many people trade-off throughout their lives. Jesse and Phil then delve into how health decisions significantly impact financial standing and overall quality of life, emphasizing the importance of viewing health as an investment in one's future. Phil, transitioning from a finance profession to focusing on personal health, shares his insights on behavioral finance, the importance of making conscious decisions regarding health and finance, and the impact of societal trends on individual well-being. Additionally, Phil discusses his unique approach to personal health, advocating for self-experimentation and critical thinking in navigating health advice. The conversation also touches upon cultural aspects of addiction and the power of individual choice in improving one's health, wealth, and time. Finally, Phil shares information about his work at the Pearl Institute and his dedication to helping people make better health and life decisions.

Key Takeaways:

How physical health is a critical aspect of financial health.
Health will allow you to enjoy your wealth.
Phil's holistic approach to health and how it includes finances.
Why you need to imagine yourself in the future.
How to see your future self as a real person, and consider their needs.
Why you should be a scientist and your most important subject!
You don't have to be a statistic.

Mentions:

🌐 Website: https://www.pearlinst.com/

🌐 Prime Cuts Newsletter: https://primecuts.substack.com/

👉🏼 LinkedIn: https://www.linkedin.com/in/philip-pearlman-1002183/

📚 Rebels with a Cause by Phil Pearlman: https://primecuts.substack.com/p/rebels-with-a-cause

📚 Fahrenheit 451 by Ray Bradbury: https://amzn.to/3xHyaSF

📚 Brave New World by Aldous Huxley: https://amzn.to/3U7W55j

📚 1984 by George Orwell: https://amzn.to/3U5e2Bu

🎥 The film Fahrenheit 451, on Vimeo https://vimeo.com/433467090

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.

How *YOU* Help This Podcast Keep Going (E78) Apr 10, 2024

Show notes

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:

How does The Best Interest make money?
The intersection of Jesse's professional life and The Best Interest
Why you need to track your money!
How gift cards trick you into spending more.
The best investment is in yourself.
Simple is better than complex (almost always).
Why and how you should prepare for risk.
Why you MUST automate your finances, as much as possible.
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.

A Market Crash is Coming! (…Eventually) | Peter Lazaroff - E77 Mar 27, 2024

Show notes

Peter Lazaroff is the host of The Long Term Investor podcast and serves as the Chief Investment Officer at PlanCorp, a registered investment advisory in St. Louis. On today's show, Jesse and Peter talk about the cognitive challenge of investing at all-time highs. It's normal to feel like a crash might be coming; but it always feels that way, and you shouldn't be worried about it. If you're a long-term stock market investor and want to think a little more rationally or learn, this is the episode for you!

Key Takeaways:

Why you should expect corrections and bear markets,, but shouldn't worry about them.
Why the stock market keeps going up, regardless of the political party in power.
Should you continue investing when the market is at an all-time high?
Why you shouldn't be worried about what's happening in the short run.
How the evidence cuts both ways in investing, and how to simplify it.
Why you should diversify into global stocks.
How to prepare for a bear market.

Mentions:

🌐 Website: https://peterlazaroff.com/

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

🎙️ The Long Term Investor Podcast: https://peterlazaroff.com/podcast

📚 The Market Crash Is Coming! (…Eventually): https://bestinterest.blog/market-crash/

📚 "Boring" Money Topics That I Find Fun: https://bestinterest.blog/boring-money-topics-that-i-find-fun/

📚 Decades of Zero Return: https://bestinterest.blog/decades-of-zero-return/

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.

Don't Make Your Own Pizza?! | Jared Dillian - E76 Mar 13, 2024

Show notes

Jared Dillian is a former Wall Street trader at Lehman Brothers, an author of 4 books, and daily writer a newsletter for financial professionals called The Daily Dirtnap. He's sharp, witty, and brings great energy to today's conversation. In this episode of The Best Interest Podcast, we learn about "The Allegory of the Sandwich" and how you can pay for the small stuff by thinking carefully about the big stuff! If you're looking to hear unique takes on the FIRE movement and your daily latte, this is the episode for you!

Key Takeaways:

How taxes can actually be interesting!
The power of waiting (for decades)
The foundational importance of cash flow
Preparing for life via insurance
How being smart about the big decisions will help you not sweat the small stuff.
Why Jared doesn't want to retire (ever).
Why you shouldn't make your own pizza.
The Allegory of the Sandwich.
Why the goal should be happiness, not a number.
When is it worth it to make more money?
How financial stress doesn't necessarily depend on how much you make.

Mentions:

🌐 Website: https://www.jareddillianmoney.com/

👉🏼 LinkedIn: https://www.linkedin.com/in/jared-dillian-411aaa1b/

🎙️ BE SMART Podcast: https://www.jareddillianmoney.com/podcasts

📚 No Worries: How to live a stress-free financial life by Jared Dillian: https://amzn.to/4atCxiz

📚 The FIRE Movement by Jared Dillian: https://wggtb.substack.com/p/the-fire-movement

📚 "Boring" Money Topics That I Find Fun by Jesse Cramer: https://bestinterest.blog/boring-money-topics-that-i-find-fun/

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.

Growth Mindsets to Afford Anything | Paula Pant - E75 Feb 28, 2024

Show notes

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 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.

Picking Stocks - Does It Ever Work?! | Brian Feroldi - E74 Feb 14, 2024

Show notes

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 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.

Related Podcasts