2319: The Golden Rule of Personal Finance by Jesse Cramer on How to Navigate Your Money

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 25 May 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jesse Cramer shares the golden rule of personal finance Episode 2319: The Golden Rule of Personal Finance by Jesse Cramer Jesse started The Best Interest in 2018. He was a mechanical engineer by day, working on satellite telescopes. But his passion was to help people improve their personal finances. He began writing to "learn in public," to help people, and to add genuine signal to an otherwise noisy Internet. Fast forward to now. So much has changed. -The Best Interest was nominated for 2022 "Personal Finance Blog of the Year" -Jesse has been on CNBC, MSN, the Motley Fool, Yahoo Finance, and more. -Jesse created a book with 30 other personal finance experts contributing a chapter each. -And Jesse left engineering. He now works for a fiduciary wealth management firm with one important mission: helping people achieve their financial goals. The original post is located here: https://bestinterest.blog/golden-rule/ Visit Me Online at OLDPodcast.com Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 2319, the Golden Rule of Personal Finance by Jesse
0:07.0	Kramer of Best Interest.Blog.
0:10.1	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.0	Hello again and welcome to Optimal Finance Daily, the show where I read to you from some
0:18.8	of the best money and finance blogs on the web, each and every week, with the author's
0:23.6	permission of course.
0:25.4	So let's hear today's post and start optimizing your life.
0:33.0	The Golden Rule of Personal Finance by Jesse Kramer of Best Interest.Blog.
0:39.6	The Leaning Tower of Pisa has a foundational problem.
0:43.2	It's 186 feet tall and weighs 14,500 tons.
0:48.3	But its foundation is only 10 feet deep and built into silt and clay.
0:53.5	Five years after construction, about 1178 AD, the foundation shifted and the tower famously
1:00.6	leaned.
1:01.6	Oops, every building needs a strong foundation.
1:05.4	It applies to all buildings of all sizes in all locations.
1:09.8	This brings us to the Golden Rule of Personal Finance, one that applies to all people
1:14.4	at all levels of income.
1:17.2	Spend less than you earn.
1:19.8	I know, you think you know what I'm talking about, but it might ever growing experience
1:24.4	in personal finance.
1:25.8	Most people think they know this idea, but they've not truly internalized it.
1:30.3	It's a foundational rule we too often ignore.
	...

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